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Investor Presentaiton

COTE D'IVOIRE INVESTOR MEETING Côte d'Ivoire Also Obtained the Capacity to Make a Good Faith Payment in 2012 for the Reimbursement of the Arrears Towards Private Creditors In absence of a larger capacity for payment, Paris Club creditors didn't agree on a larger payment in this respect ■The Ivorian authorities underlined the importance of beginning to repay arrears due to the holders of the 2032 Eurobond ■ Cote d'Ivoire is fully aware of the expectations of the Holders of the 2032 Eurobond with regard to the reimbursement of arrears ■It asked Paris Club creditors for the possibility to allocate a portion of its limited external capacity for payment to the repayment of a substantial part ■The Paris Club agreed on a very limited increase in the allocation of the capacity for payment to private creditors, i.e. US$ 2.1 million in 2012, that will be at disposal to make a good faith payment in 2012 for the reimbursement of arrears of the arrears accumulated in 2010 and 2011 Paris Club creditors considered that they were already flexible in applying the Paris Club rules by taking into account a full payment of interest coupons in 2012 to the holders of the 2032 Eurobond Consequently, they only accepted to increase by a very limited portion the allocation of the capacity for payment to the reimbursement of arrears accumulated towards the holders of the bond (i.e. a symbolic amount of US$ 2.1 million representing 2.4% of accumulated arrears of US$ 87.5 million related to the December 31, 2010 coupon, June 30, 2011 and December 31, 2011 coupons) Repartition of the residual capacity for payment agreed by Paris Club creditors for 2012 In % Contractual Coupon Payments to the Holders of the 2032 Eurobond 87.5 M$ 64.6% Good Faith Payment to the Holders of the 2032 Eurobond 2.1 M$ 1.4% Reimbursement of part of Post COD Arrears due to Paris Club creditors 3.9 M$ 2.9% Maturities due to Paris Club Creditors under the new debt treatment 41.0 M$ 30.4% Payments to Non-Paris Club Bilateral Creditors Total residual capacity for payment to bilateral and private external creditors derived from the IMF framework 1.0 M$ 0.7% 135.0 M$ 100% 18
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