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p. 27 of 46 BACK | NEXT Section 1: Introduction Section 2: Procedures for Exercising Loan Conversion Options Section 3: Limitations, Restrictions and Establishment of Imprest Account Section 4: Basis for Executing Conversion Transactions A. Certain Definitions Relating to Conversion Transactions B. Conversion Dates C. Failure to Effect Conversion During Execution Period D. Types of Conversion Transactions E. Market Transactions F. Currency Conversion of Unwithdrawn Amounts G. Conversion of Withdrawn Amounts H. Partial Maturity Conversion of Withdrawn Amounts I. Interest Rate Cap or Collar J. Conditional Requests K. Notification of Conversion Transactions L. Interest Payments on Conversion Date Section 5: Specified Rate Fixing (SRF) Section 6: Transaction Fees Section 7: Rounding Convention Used in Conversions

Guidelines for Conversion of Loan Terms for ADB LIBOR-Based Loan Product : Section 4: Basis for Executing Conversion Transactions

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D. Types of Conversion Transactions

4.5 Interest Rate Conversions, Currency Conversions of withdrawn portions of the Loan, and the establishment of Interest Rate Caps and Interest Rate Collars may be effected on the basis of Market Transactions. Interest Rate Conversions and Currency Conversions may also be effected by ADB by the application of Screen Rates (i.e. market rates displayed by established information vendors such as Telerate and Reuters) as discussed in paragraph 4.19.

4.6 All Conversions will be effected on the basis of Market Transactions, except for:

1. Conversions provided for in paragraph 4.19 below; and

2. Currency Conversions of unwithdrawn portions of the Loan (see paragraph 4.13).

Back C. Failure to Effect Conversion During Execution Period	Next E. Market Transactions