OFFICIAL               t     w a
                                          DOCUMENTS
                                                                      Supplemental Letter No. 4.6

              PUBLIC JOINT STOCK COMPANY "JSC KYIVVODOKANAL"


                                                                          10C11/0,            2014

International Bank for
 Reconstruction and Development
 1818 H Street, N.W.
Washington, D.C. 20433
United States of America


        Re:     IBRD Loan No.8391-UA
                CTF Loan No. TF0 17112
                Second Urban Infrastructure Project
                (Urban Infrastructure Project - 2)
                Representations

Dear Sirs and Mesdames:

         In connection with: (i) the Loan Agreement, dated May 26, 2014, between the
International Bank for Reconstruction and Development (the Bank) and Ukraine (the Borrower)
(the IBRD Loan Agreement) for the above-captioned Project; (ii) the CTF Loan Agreement,
dated May 26, 2014, between the Bank acting as an implementing entity of the Clean Technology
Fund (CTF) and the Borrower (the CTF Loan Agreement) for the above-captioned Project; (iii)
the Project Agreement of this date between the Bank and Public Joint Stock Company "JSC
"Kyivvodokanal" in relation to the IBRD Loan Agreement (the IBRD Project Agreement) for the
above-captioned Project; and (iv) the Project Agreement of this date between the Bank and Public
Joint Stock Company "JSC "Kyivvodokanal" in relation to the CTF Loan Agreement (the CTF
Project Agreement) for the above-captioned Project, the Project Implementing Entity hereby
undertakes and warrants to the Bank that:

1.      The financial statements of financial year ending December 31, 2012, copies of which
have been furnished to the Bank, correctly set forth the financial and operating condition of the
the Project Implementing Entity as of that date, and since that date there have been no material
adverse changes in the financial and operating conditions of the Project Implementing Entity.

2.     The Project Implementing Entity is not engaged in litigation as plaintiff or defendant, the
outcome of which might materially and adversely affect its financial condition.

 3.      The Project Implementing Entity has no outstanding agreements or liabilities, contingent
 or otherwise (including taxes), that might materially and adversely affect its financial condition.

 4.       No debt of the Project Implementing Entity is secured by any mortgage, pledge, charge,
 priority, or other lien, and no contract or arrangement exists for the creation of any such
 mortgage, pledge, charge, priority, or other lien.

 5.      There are no existing defaults in the payment of principal of, or interest or other charges
 on, any of the debts of the Project Implementing Entity.
                                                 -2-



6.       The Project Implementing Entity is not in violation of, and the execution and delivery of
the [BRD Project Agreement and the CTF Project Agreement and the compliance with all their
terms thereof do not and will not result in any violation of, any provisions of any existing
agreement, concession, license, or permit, or of any statute, law, decree, regulation, or any other
legal rule of a similar nature presently in effect and applicable to the Project Implementing Entity.

7.      The Project Implementing Entity is a duly established enterprise under the laws of
Ukraine, with full authority to carry out its present business, to carry out the Project (as described
in Schedule I to the IBRD Loan Agreement), and to execute and deliver the IBRD Project
Agreement and the CTF Project Agreement and has furnished to the Bank true copies of its
founding documents presently in effect and governing the Borrower.

         It is our mutual understanding that the preceding representations are material factors in
the Bank's decision to make the Loans. Should any adverse material change occur in the
financial position of the Borrower prior to our receipt of the notice of the Bank's acceptance of
the evidence required by Section 9.01 of the General Conditions and Section 9.01 of the Standard
Conditions, we shall promptly inform the Bank.


                                          Very truly yours,


            PUBLIC JOINT STOCK COMPAN                   "SC "KYIVVODOKANAL"




                                 By             iz____
                                      Authorized Representative