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16 December 2022

We have acted as international counsel to Asian Development Bank in relation to its secured loan facilities totalling $18 million for Ulaanbaatar Flour LLC, Tavan Bogd Foods LLC and Tavan Bogd Foods Pizza LLC, members of the Tavan Bogd group of companies in Mongolia. The facilities are intended to support food security and job creation and to help mitigate supply chain disruptions caused by the COVID-19 pandemic and the Russian invasion of Ukraine.