EXPORT IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MAY 31, 2002

ITEM NO 1 Minutes of April 30, 2002 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 2 Minutes of May 9, 2002 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 3 Minutes of May 16, 2002 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 4
Country AUSTRIA AP078200XX
Request for FINAL COMMITMENT

Applicant AUSTRIAN AIRLINES LEASE & FINANCE CO LTD, ST. PETER PORT GUERNSEY GY14EE UK Borrower SPV/AUSTRIAN AIRLINES LEASE & FINANCE CO, CAYMAN ISLANDS CAYMAN ISLANDS
Guarantor AUSTRIAN AIRLINES (AUA), VIENNA AUSTRIA
Guarantor TYROLEAN AIRWAYS, NA AUSTRIA
Guarantor RHEINTALFLUG AIRLINE, AUSTRIA
Buyer SPV/AUSTRIAN AIRLINES LEASE & FINANCE CO, CAYMAN ISLANDS CAYMAN ISLANDS
End?user LAUDA AIR, VIENNA AUSTRIA
Exporter BOEING COMPANY, THE*, SEATTLE WA
Supplier BOEING COMPANY, THE*, SEATTLE WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier ADDITIONAL SUPPLIERS
Gteed Lender CITICORP NORTH AMERICA INC, NEW YORK NY
Lessor SPV/AUSTRIAN AIRLINES LEASE & FINANCE CO, CAYMAN ISLANDS CAYMAN ISLANDS
Lessee AUSTRIAN AIRLINES LEASE & FINANCE CO LTD, ST. PETER PORT GUERNSEY GY14EE UK
Lessee LAUDA AIR, VIENNA AUSTRIA
Cofin ECA None

Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD 204,211,319
Repayment Term 12 YEARS

Board Decision APPROVED

MEETING OF BOARD OF DIRECTORS