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Presentation Outline

1. Presentation of ADB group

2. ADB Pricing

3. ADB response to the Global Financial Crisis

4. ADB in Egypt

Presentation of ADB group

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AFRICAN DEVELOPMENT BANK(ADB)

AFRICAN DEVELOPMENT FUND(ADF)

NIGERIA TRUST FUND (NTF)

Commercial Terms Concessional Terms

The African Development Bank Group

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The Bank –AAA rated supranational organization leading continent-wide initiatives to promote development in Africa

Committed shareholders

Preferred creditor status

Strong risk bearing capacity

Consistently strong financial results

Prudent risk management policies

Highest ratings

Aaa/ Moody’s AAA / Japan Credit Rating Agency

AAA / Fitch Ratings AAA / Standard & Poor’s

Rare issuer status and safety with yield

Funding needs in capital markets: 2009 -US$ 3.7 billion

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Sovereign Guaranteed Loans (SGL)

Non-Sovereign Guaranteed

Loans (NSGL)

Eligible Borrowers -Government or Regional Member Countries (RMC)-Public Sector Companies or RMCs with sovereign guarantee

-Public Sector Companies without sovereign guarantee-Private Sector Companies

Maturity Up to 20 years Up to 15 years

Grace Period Up to 5 years Up to 5 years

Disbursement Profile Based on project need and pre-set conditions of loan agreement

Repayment Terms Equal installments, Annuities, Bullet, Step-up or Step-down amortization

Standard Loans

AfDB’s operations in 2008

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ADB Pricing

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On 21 January 2009, the Board of Directors approved some amendments in the menu and pricing of the Bank’s financial products.

These changes are applicable to Sovereign Guaranteed Loans and relate to the following items:

Temporary suspension of the Fixed Spread Loan (FSL) products for new commitments and

Re-introduction of a Variable Lending Spread (VSL), based on the Bank’s average cost of borrowings in the relevant currency;

Maintenance of the contractual lending spread at 40 basis points;

Semi-annual review of the pricing policy. In particular, examining the possibility of reintroducing FSL if market conditions permit;

Variable Spread Loan (VSL), based on the Bank’s average cost of borrowings relative to Libor in the relevant currency.

Lending rate = Libor + Funding Margin + 40 bps

Lending rate = Fix Rate + Funding Margin + 40 bps

Sovereign Guaranteed Loans - Pricing

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ADB response to the Global Financial Crisis

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ADB in Egypt

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The Bank has a long and an active lending record and project implementation experience with Egypt, one of its major shareholders. Since 1974 the Bank has financed fifty operations

The Bank’s active portfolio consists of 11 projects with total commitment value of approximately UA1.3 billion.

The Bank’s operations concentrated heavily on infrastructure development and financial sector support

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