Chamber of Commerce Building

\...001 KPMG Fakhro Audit 5th Floor Chamber of Commerce Building PO Box 710. Manama Kingdom of Bahrain CR No. 6220 Telephone +973 17 224807 Fax +97317227443 Internet www.kpmg.com.bh International Advisory and Monitoring Board of the Development Fund for Iraq Project and Contracting Office 12 October 2004 Dear Sirs, Please find enclosed the Statement of Cash Receipts and Payments for the Development Fund for Iraq for the period from 1 January 2004 to 28 June 2004 and the following reports: . . Report of Factual Findings in connection with Export Sales; Report of Factual Findings in connection with the Oil Proceeds Receipts Account; Report of Factual Findings in connection with Disbursements; and Management Letter. We would like to take this opportunity to thank the management and staff of the Coalition Provisional Authority, the Project and Contracting Office, the Interim Government of Iraq and members of the International Advisory and Monitoring Board for their support and cooperation during the course of our procedures. Yours sincerely, k~MG- KPMG Bahrain Manama, Kingdom of Bahrain