By this document, the CPA gives notice of two amendments to its Statement of Objectives for Iraq Mobile Licence Offer , Issue 2, dated 3 August

BAGHDAD By this document, the CPA gives notice of two amendments to its Statement of Objectives for Iraq Mobile Licence Offer , Issue 2, dated 3 August. The amendments are as follows. 1. GOVERNMENT INVESTMENT - PARAGRAPH 13 EXISTING TEXT No government shall directly or indirectly own more than 10% of any single bidding company or single company in a consortium . AMENDED TEXT Government investment, either direct or indirect, in an entity bidding for a licence shall not be more than 10%. EXPLANATION OF CHANGE This will permit companies owned more than 10% by a government to bid as part of a consortium so long as the total percentage ownership by government in the joint entity does not exceed 10%. 2. PERFORMANCE BOND – PARAGRAPH 17.1 EXISTING TEXT A performance bond for the full value of the expected capital cost of network and infrastructure construction will be established. AMENDED TEXT A performance bond for $30m will be established. EXPLANATION OF CHANGE We estimate that the cost of such a bond for the partial build-out of a mobile network would be between 1% and 7% of the $30m. Ministry of Transport and Communications CPA 8 August 2003