Page 1 REPUBLIC OF ARMENIA October 7, 1999 International Development Association 1818 H Street, N.W. Washington D.C. 20433 United States of America Re: Credit No. 3260 AM (Dam Safety Project) Schedule 2 to the Development Credit Agreement List of Dams Selected for the Project Dear Sirs and Mesdames: In connection with the Development Credit Agreement of this date between the Republic of Armenia (the Borrower) and the International Development Association (the Association) for the above-captioned Project, I am writing on behalf of Borrower to set forth the following: We hereby confirm to the Association that, for purposes of Schedule 2 to the Development Credit Agreement: (i) the list of main irrigation dams selected for the rehabilitation under Part A of the Project is set forth in Attachment 1 to this Letter; and (ii) the list of remaining dams referred to in Part B of the Project is set forth in the Attachment II to this letter. Very truly yours, REPUBLIC OF ARMENIA By /s/ Rouben Shougarian Authorized Representative