Date: 02 August, 2013

Ref. No: AI/DCEO/038/13

M/S AXA Corporate Solutions Assurance

France

Subject: Reinsurance Placing Slip

Original Insurer : Abay Insurance SC

Facultative Reinsurer : AXA CORPORATE SOULUTIONS ASSURANCE

Original Insured : ALSTOM GRID SAS AND EEPCO

Policy No: : 0001/0713/EAR/MNAB

Type of Cover: : ERECTION ALL RISK INSURANCE

Policy Wording : as per the standard policy wording supplied by Africa Re

Period of Insurance : form 01/08/2012 to 31/12/2013 + Maintenance Period from 01/01/2014 to 31/12/2014

Interest : ETSIB 2 lot 2 – ELECTICITY TRANSMISSION SYSTEM IMPROVEMENT PROJECT

As more fully defined in the original policy

Limit (100%) : ERECTION WORK Birr 895,488,450.00 (~EURO 35,819,538.00)

Total Premium: : Birr 1,343,232.68(~EURO 53,729.30)

Excess /Deductible (100%) : As more fully defined in the original Policy

Endorsements: : As more fully defined in the original Policy

Your Total Share of the S/I : Birr 817,939,150.23 (91.34% OF TSI) (~EURO 32,717,566.00)

Your Share of the premium : Birr 1,226,908.73(~EURO 49,076.35)

Less our commission@12.5% : Birr 153,363.60 (~EURO 6,134.54)

Net Premium due to You : Birr 1,073,545.14 (~EURO 42,941.80)

Claims Status : No Known or Reported Loss to Date

Remark: policy will be issued up on settlement of full premium by the original insured.

Please, therefore, confirm your acceptance by signing and returning copy of this final slip to us
and retain copy of same to your records.

_________________ _____________________

For and on behalf of For and on behalf of

Address:- Enat tower, Near to Bambis Square (In front of Yordanos hotel)
* 5879 ( 011-515-75-73 Fax: 011-515-76-90 email: abayinsurance @ethionet .et
Abay Insurance S.C AXA Corporate Solutions Assurance

 5879  011-515-75-73 Fax: 011-515-76-90 Addis Ababa, Ethiopia