EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
AUGUST 12, 2003

ITEM NO 1
Country EGYPT AP078805XX
Request for FINAL COMMITMENT

Applicant BANKUNITED, FSB, MIAMI FL
Borrower ORASCOM TELECOM ALGERIA, HYDRA, ALGER ALGERIA
Guarantor ORASCOM TELECOM HOLDING S.A.E., AGOUZA, GIZA EGYPT
Buyer ORASCOM TELECOM ALGERIA, HYDRA, ALGER ALGERIA
End-user ORASCOM TELECOM ALGERIA, HYDRA, ALGER ALGERIA
Exporter G M SELBY & ASSOCIATES INC., MIAMI FL
Exporter BANKUNITED, FSB, MIAMI FL
Supplier G M SELBY & ASSOCIATES INC., MIAMI FL
Supplier BANKUNITED, FSB, MIAMI FL
Supplier ADDITIONAL SUPPLIERS
Gteed Lender BANKUNITED, FSB, MIAMI FL

Project Description MOBILE PHONE SERVICE
Product Description MOBILE PHONE SYSTEM
Financed Amount $ 8,967,450
Repayment Term 5 YEARS
Credit Committee Decision APPROVED