Mandate Agreement Sample

December 12, 2020

In a mandate agreement with Monte Titoli S.p.A. (“Monte Titoli”), Monte Titoli agreed to provide the issuer with certain child care and management services regarding guaranteed obligations. The representative of the guaranteed bondholders acts as such in accordance with the Intercreditor agreement, the programme agreement, the terms and conditions, the mandate agreement and the royalty obligation. The operating commission on ISPs, currently EUR 600 million, imposed by the Central Bank of Sri Lanka, is reduced to 450% and Rule 7 of Volume 4 of the rules of the LankaSettle system – version 2.1 and Article 4 of the mandate contract are amended in accordance with the timetable.

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