Pursuant to Section II-04, paragraph 1! of the Bidding Procedures for the Joint Competitive Selection Process for the Aggregated Baseload Supply of Luzon and Visayas On-Grid Electric Cooperatives (the “Transaction”), the National Electrification Administration-Special Bids and
Awards Committee (“NEA-SBAC”) hereby issues Bid Bulletin No. 4.

Based on the comments received by the NEA-SBAC following the issuance of the Final Transaction Documents for the Transaction, as well as the NEA-SBAC’s independent review, the following issues were identified:

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