Investor Presentaiton

FAST Deals* Standard Deals Notes: Approval Process 1 Concept Review Review of business plan and financials Internal peer review Concept Review Committee review Due Diligence Technical, commercial, legal and safeguards due diligence Finalize term sheet Formal risk rating Disclose safeguards documents • 2 Due Diligence Technical, commercial, Early Review Review of business plan and financials Initial risk rating legal and safeguards due diligence • FAST Committee review • Finalize term sheet • Formal risk rating • Disclose safeguards documents 3 Final Review Investment Committee review Regular Procedure President's review 3 Final Review Investment Committee review President's approval No Objection Procedure 4 Board Approval 21-day circulation to the Board for review Board's approval Proposals less than $100 million without major exceptions to ADB policies, potential for significant safeguards issues, novel financing arrangements, significant financial assistance relative to the size of the DMC Deemed approval at the expiry of the circulation period in the absence of a request for discussion or a sufficient number of abstentions or oppositions (*) Any nonsovereign financing <$20 million for debt and <$10 million for equity. Other requirements apply (e.g. safeguards categorization). 7 October 2019 23 23 ADB

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