EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
SEPTEMBER 21, 2000

ITEM NO 1Minutes of September 6, 2000, Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 2
Country SAUDI ARABIA AP075303XX
Request for FINAL COMMITMENT
Applicant CHASE SECURITIES INC, NEW YORK NY
Borrower SPV/MINISTRY OF FINANCE, RIYADH 11177 SAUDI ARABIA
Guarantor MINST OF FINANCE OF SAUDI ARABIA, RIYADH SAUDI ARABIA
Buyer SPV/MINISTRY OF FINANCE, RIYADH 11177 SAUDI ARABIA
End-user SAUDI ARABIAN AIRLINES CORP, JEDDAH SAUDI ARABIA
Exporter BOEING COMPANY, THE, SEATTLE WA
Supplier BOEING COMPANY, THE, SEATTLE WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier ADDITIONAL SUPPLIERS
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD 550,852,446
Repayment Term 12 YEARS
Board Decision APPROVED.
Also approved PEFCO participation in the transaction.

MEETING OF BOARD OF DIRECTORS