EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 25, 2003

ITEM NO 1Minutes of July 31, 2003 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 2
Country MEXICO AP079508XX
Request for FINAL COMMITMENT

Applicant CITIGROUP, NEW YORK NY
Borrower AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Guarantor NONE
Buyer AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
End-user AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Exporter VARIOUS, UNKNOWN
Supplier VARIOUS, UNKNOWN
Gteed Lender BANCO NACIONAL DE MEXICO S.A., CIUDAD DE MEXICO, D. 06000 MEXICO

Project Name NONE
Project Description AIRLINE EQUIPMENT AND MAINTENANCE
Product Description VARIOUS CAPITAL GOODS & SERVICES
Repayment Term 5 YEARS

Board Decision APPROVED

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 25, 2003

ITEM NO 3
Country ETHIOPIA AP078022XX
Request for FINAL COMMITMENT

Applicant BARCLAYS BANK PLC, NEW YORK NY
Borrower SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Guarantor NONE
Buyer SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
End-user ETHIOPIAN AIRLINES S C, ADDIS ABABA, ETHIOPIA
Exporter BOEING COMPANY, THE, RENTON WA
Exporter UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Exporter ADDITIONAL EXPORTERS
Supplier BOEING COMPANY, THE, RENTON WA
Supplier UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Supplier ADDITIONAL SUPPLIERS
Gteed Lender BARCLAYS BANK PLC, NEW YORK NY
Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Lessee ETHIOPIAN AIRLINES S C, ADDIS ABABA, ETHIOPIA
Cofin ECA NONE

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO U.S. CONGRESS

ITEM NO 4
Country HONG KONG AP079858XX
Request for FINAL COMMITMENT

Applicant CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Borrower SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Guarantor NONE
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
End-user CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Exporter BOEING COMPANY, EVERETT WA
Supplier ROLLS ROYCE LTD, LONDON UNITED KINGDOM
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender CITIBANK N A, NEW YORK NY
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Lessee CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Cofin ECA EXPORT CREDITS GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO U.S. CONGRESS

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 25, 2003

ITEM NO 5
Country IRELAND AP078492XX (CONVERSION NO. 2)
Request for FINAL COMMITMENT

Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Guarantor RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender BNP PARIBAS, 75031 PARIS CEDEX 01 FRANCE
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR LTD., CLOGHRAN IRELAND
Cofin ECA NONE

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision APPROVED

ITEM NO 6A
Country SINGAPORE AP079672XX
Request for FINAL COMMITMENT

Applicant SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Borrower SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
Guarantor NONE
Buyer SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
End-user SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Exporter BOEING COMPANY, EVERETT WA
Supplier BOEING COMPANY, EVERETT WA
Supplier UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Gteed Lender BNP PARIBAS, 75031 PARIS CEDEX 01 FRANCE
Lessor SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
Lessee SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Cofin ECA NONE

Project Name NONE
Project Description FREIGHT AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO U.S. CONGRESS

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 25, 2003

ITEM NO 6B
Country SINGAPORE PC079886XX
Request for PRELIMINARY COMMITMENT

Applicant SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Borrower SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
Guarantor NONE
Buyer SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
End-user SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Exporter BOEING COMPANY, EVERETT WA
Supplier UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Supplier BOEING COMPANY, EVERETT WA
Gteed Lender TO BE DETERMINED, UNKNOWN DC
Lessor SPC/SINGAPORE AIRLINES CARGO PTE LTD, 819830 SINGAPORE
Lessee SINGAPORE AIRLINES CARGO PTE LTD., 819830 SINGAPORE
Cofin ECA NONE

Project Name NONE
Project Description FREIGHT AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision REFER TO U.S. CONGRESS

ITEM NO 7
Working Capital Guarantee No. PC078983XX
Request for PRELIMINARY COMMITMENT

Applicant MALDEN MILLS INDUS INC, LAWRENCE MA
Gteed Lender NONE
Borrower MALDEN MILLS INDUS INC, LAWRENCE MA
Guarantor NONE

Product Description SPECIALTY FABRICS
Ex-Im Bank Liability (Millions) $5 - $20

Board Decision APPROVED