EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

JUNE 25, 2004

Item No. 1

Country: Algeria Policy No.: ENB-268342

Request for: Short-Term Insurance

Policy Type: Multibuyer - ST

Coverage Type/Term: Cash Against Documents

Insured: International Turbine Systems, Inc.

Buyer/Obligor: Sonatrach

End-User: Same

Guarantor: None

Exporter: International Turbine Systems, Inc.

Broker: Risk Protection International

Product: Parts for gas turbine engines

Ex-Im Bank Liability (Millions): $1 - $5

Credit Committee Decision: APPROVED

Item No. 2

Country: Aruba Policy No.: MSM-264648

Request for: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: Manufacturers and Traders Trust Company, Baltimore, MD 21201

Buyer/Borrower:Codemsa, N.V. (LLC), Oranjestad, Aruba (Netherlands Antilles)

End-User: Same

Guarantor: J.A.C. Holdings, N.V.

Exporter/Supplier: Impex Associates, Miami, FL 33172-1416

Broker: Export Insurance Services, Inc., Augusta, GA

Product: Heavy-duty kitchen equipment and building materials

Credit Committee Decision: Denied

Item No. 3

Country: India Policy No.: MSM-267591

Request for: Commitment (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: East-West Bank, Marino, CA

Buyer/Borrower: Tamilnadu Petroproducts Limited, Teynampet, Chennai, India

End-User:Same

PSOR: Same

Guarantor: None

Exporters/

Suppliers: Global EnviroScience Technologies, Long Beach, CA 90755-2309

East-West Bank, San Marino, CA

Broker: Penn International, San Antonio, TX

Product: Sea water desalinization plants

Ex-Im Bank Liability (Millions): $1 - $5

Credit Committee Decision: APPROVED

Item No. 4

Country: India Policy No.: MSM-268565

Request for: Commitment (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured:US Bank National Association, Seattle, WA 98101

Buyer/Borrower:MRI Scans Private Limited, New Delhi, India

End-User: Same

PSOR: Same

Guarantor: Mr. Rajesh Gullah

Exporter/Supplier: GE Healthcare, Waukesha, WI 53188

Broker: EIA-Global, Walpole, MA

Product: MRI CT Scanner

Ex-Im Bank Liability (Millions): $0 - $1

Credit Committee Decision: APPROVED

Item No. 5

Country: Philippines Policy No.: MSM-265454

Request for: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: PNC Bank, Pittsburgh, PA 15222-2722

Buyer/Borrower:Asian Pacific Aviation Philippines, Inc., Pampanga, Philippines

End-User: Asian Aerospace Corporation, Pasay City, Philippines

PSOR: Same as buyer

Lessor:Same as buyer

Lessee: Same as end-user

Guarantors:Asian Aerospace Corporation, Pasay City, Philippines

Mr. Tirso M. Uytengsu III, Pampanga, Philippines

Exporter/Supplier: Lockheed Martin Aeronautics Service International,
Bethesda, MD 20817-1836

Broker: Export Insurance Agency, Walpole, MA

Product:Aviation ground support tools and equipment

Credit Committee Decision: Denied

ITEM NO 6

Country KAZAKHSTAN AP080465XX

Request for AMENDMENT OF FINAL COMMITMENT

Applicant DEERE CREDIT INC., MOLINE IL

Borrower ASTANA FINANCE CO., ASTANA 473000 KAZAKHSTAN

Guarantor STANDART LEASING CORP., VICTORIA MAHE SEYCHELLES

Buyer STANDART LEASING CORP., VICTORIA MAHE SEYCHELLES

End-user VARIOUS KAZAKHSTAN BUYERS, UNKNOWN KAZAKHSTAN

Exporter DEERE & COMPANY, MOLINE IL

Supplier DEERE & COMPANY, MOLINE IL

Gteed Lender DEERE CREDIT INC., MOLINE IL

Lessor STANDART LEASING CORP., VICTORIA MAHE SEYCHELLES

Lessee VARIOUS KAZAKHSTAN BUYERS, UNKNOWN KAZAKHSTAN

Project Name None

Project Description None

Product Description AGRICULTURAL EQUIPMENT

Credit Committee Decision APPROVED

ITEM NO 7

Country KAZAKHSTAN AP080570XX

Request for AMENDMENT OF FINAL COMMITMENT
Applicant BANKGESELLSCHAFT BERLIN AG, BERLIN 10178 GERMANY
FED REP

Borrower ASTANA FINANCE CO., ASTANA 473000 KAZAKHSTAN

Guarantor NONE

Buyer STANDART LEASING CORP., VICTORIA MAHE SEYCHELLES

End-user ATAMEKEN-AGRO LLP, ZHAMBILSKY RAYON, NORTH-KAZAKHSTAN

End-user KAT-ZHAMBYL LLP, ZHAMBILSKY RAYON, NORTH-KAZKHSTAN

End-user ABC SEVKAZAGRO LLP, ZHAMBILSKY RAYON, NORTH-KAZKHSTAN

Exporter CNH AMERICA LLC, RACINE WI

Supplier CNH AMERICA LLC, RACINE WI

Gteed Lender BANKGESELLSCHAFT BERLIN AG, BERLIN 10178 GERMANY
FED REP

Lessor STANDART LEASING CORP., VICTORIA MAHE SEYCHELLES

Lessee ATAMEKEN-AGRO LLP, ZHAMBILSKY RAYON, NORTH-KAZAKHSTAN

Lessee KAT-ZHAMBYL LLP, ZHAMBILSKY RAYON, NORTH-KAZKHSTAN

Lessee ABC SEVKAZAGRO LLP, ZHAMBILSKY RAYON, NORTH-KAZKHSTAN

Project Name

Project Description EXPANSION & REPLACEMENT OF AGRI TRACTORS

Product Description AGRICULTURAL TRACTORS

Credit Committee Decision APPROVED