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WestLB(Europa) A. G. P. O. BOX 2230 3000 CE Copenhagen The Denmark IRREVOCABLE DOCUMENTARY CREDIT Cable Stanchart Telex 24108 (SCBR NL) Telephone (010) 4365322 OUR REFERENCE FLS-JHLC01 DATE OF ISSUE 200 THIS IS AN OPERATIVE CREDIT INSTRUMENT DATE OF EXPIRY: 2006-0 PLACE OF EXPIRY: AT OUR COUNTER Documents to be presented within 5 days after the date of issuance of the transport document(s) but within the validity of the credit. APPLICANT F.L.SMIDTH CO. A/S 77, Vigerslev Alle, DK-2600 Valby Copenhagen Denmark Fax: (01) 20 11 90 BENEFICIARY GOLDEN