DEVLOPMENT BANK OF ETHIOPIA

INTERNAL MEMO

February 23, 2012

TO: Credit process FROM: Alazar Kebede

SUBJECT: - LUCY AGRICULTURAL DEVLOPNMENT PLC

Following your request, I have checked the submitted bid document,

and came up with the following comments.

Documents listed below are required for appraisal work:

1. Invitation document to bid.

2. Bid analysis document.

3. Additional one competitive bid document.

4. Approved designs for the civil work constructions, are required.

Therefore, please inform the promoter to bring the above-mentioned

documents.