the pari passu clause in a congo-bond from 2007 legally designed with help of CGSH

CGSH is an expert on the problematic and meaning of pari passu and designed the clause knowingly with the wording<.

pari passu in priority of payment,

The Securities are direct, general and unconditional obligations of the Republic. The Securities
constitute unconditional general obligations of the Republic, ranking at least pari passu in priority of payment,
with (i) all other unsecured and unsubordinated External Indebtedness (as defined herein); and (ii) all unsecured
and unsubordinated guarantees or other obligations of the Republic with respect to any External Indebtedness (as
defined herein) of any Governmental Entity (as defined herein).

LEGAL MATTERS
Certain matters of U.S. federal and New York state law will be passed upon for the Republic by
Cleary Gottlieb Steen & Hamilton LLP, special U.S. counsel to the Republic.

LEGAL ADVISORS TO THE REPUBLIC OF CONGO
As to United States Law
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, New York 10006
As to United States Law
Cleary Gottlieb Steen & Hamilton LLP
12, rue de Tilsitt
75008 Paris
France

THE REPUBLIC OF CONGO
U.S.$477,790,000
U.S. Dollar Notes Due 2029 (the “Securities”)