SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
JUNE 8, 2001

Item No. 1
Country: South Korea Policy No.: MSM-224105
Request for: Insurance Policy
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: Merita Bank Plc, New York, NY
Buyer Dongbu Corporation, Seoul, South Korea
Guarantor None
End-User: Dongbu Corporation, Seoul, South Korea
Exporter: Kalmar Industries USA Inc., Ottawa, KS 75693-1543
Supplier: Kalmar Industries USA Inc., Ottawa, KS 75693-1543
Broker: Johnstone Downey Klein, Columbus, OH
Product: Terminal Tractors and spare parts
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

Item No. 2
Country: Argentina Policy No.: MSM-223255
Request for: Insurance Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: PNC Bank N.A., Pittsburgh, PA 15222-2709
Buyer/Obligor: Soft Net S.A., Buenos Aires, Argentina
Guarantor: Carlos Lorenzo, Buenos Aires, Argentina
End-User: Various customers
Exporter: Cisco Systems, San Jose, CA 95134-1706
Supplier: Cisco Systems, San Jose, CA 95134-1706
Broker: Export Insurance Agency, Walpole, MA
Product: Computer hardware and networking equipment
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

>

MEETING OF CREDIT COMMITTEE