RLF - Dnipro Public Buildings EE III

signed

A senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya" (the "Company"), the municipal energy management company, owned by the City of Dnipro (the "City"), to finance energy-saving measures in public buildings in the City (the "Project"). The loan is expected to be co-financed by an investment grant of up to EUR 8 million from a bilateral or multilateral donor, with the grant funding source and amount to be confirmed prior to signing of the Project legal documentation. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures, capital repairs and technical supervision under the Project. The Project proceeds will finance investments with elements of an Energy Performance Contract (the "EnPC") for energy efficiency improvement measures in ca. 88 public buildings, including kindergartens, schools and hospitals.