News | Board Minutes | 2003

               EXPORT-IMPORT BANK OF THE UNITED STATES

        SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                             MAY 8, 2003

ITEM NO. 1       MINUTES OF APRIL 10, 2003 BOARD MEETING TO BE APPROVED

            BOARD DECISION:  APPROVED

ITEM NO. 2       MINUTES OF APRIL 17, 2003 BOARD MEETING TO BE APPROVED

            BOARD DECISION:  APPROVED

ITEM NO. 3       MINUTES OF APRIL 24, 2003 BOARD MEETING TO BE APPROVED

            BOARD DECISION:  APPROVED

ITEM NO 4

Country NETHERLANDS                            AP079438XX

Request for FINAL COMMITMENT

Applicant      KLM ROYAL DUTCH AIRLINES, AMSTERDAM NETHERLANDS

Borrower       SPV/KLM ROYAL DUTCH AIRLINES, CAYMAN ISLANDS CAYMAN ISLANDS

Guarantor      NONE

Buyer          SPV/KLM ROYAL DUTCH AIRLINES, CAYMAN ISLANDS CAYMAN ISLANDS

End-user       KLM ROYAL DUTCH AIRLINES, AMSTERDAM NETHERLANDS

Exporter       BOEING COMPANY,THE, EVERETT WA

Supplier       BOEING COMPANY,THE, EVERETT WA

Supplier       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH

Gteed Lender   CITIBANK N A, LONDON SE1 2QT UNITED KINGDOM

Lessor         SPV/KLM ROYAL DUTCH AIRLINES, CAYMAN ISLANDS CAYMAN ISLANDS

Lessee         KLM ROYAL DUTCH AIRLINES, AMSTERDAM NETHERLANDS

Project Description AIR TRANSPORTATION

Product Description  AIRCRAFT

Repayment Term  12 YEARS

Board Decision APPROVED

ITEM NO 5

Country MEXICO                                 AP079386XX

Request for FINAL COMMITMENT

Applicant      STANDARD CHARTERED BANK, NEW YORK NY

Borrower       COMISION FEDERAL DE ELECTRICIDAD, MEXICO DF. 0600 MEXICO

Guarantor      NONE

Buyer          COMISION FEDERAL DE ELECTRICIDAD, MEXICO DF. 0600 MEXICO

End-user       COMISION FEDERAL DE ELECTRICIDAD, MEXICO DF. 0600 MEXICO

Exporter       SIEMENS WESTINGHOUSE PWR CORP, ORLANDO FL

Supplier       SIEMENS WESTINGHOUSE PWR CORP, ORLANDO FL

Gteed Lender   STANDARD CHARTERED BANK, NEW YORK NY

Project Description CREDIT GUARANTEE FACILITY

Product Description SUPPLY/INSTALLATION — TURBINE COMPONENTS

Financed Amount $   41,092,000

Repayment Term  5 YEARS

Board Decision APPROVED