EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

NOVEMBER 23, 2004

ITEM NO 1

Country MALAYSIA, FEDERATION OF AP077884XX

Request for FINAL COMMITMENT

Applicant BINARIANG SATELLITE SYSTEMS SDN BHD, 50088 KUALA LUMPUR, KL MALAYSIA

Borrower BINARIANG SATELLITE SYSTEMS SDN BHD, 50088 KUALA LUMPUR, KL MALAYSIA

Guarantor MEASAT GLOBAL NETWORK SYSTEMS SDN BHD, 50470 BRICKFIELD, KL MALAYSIA

Buyer BINARIANG SATELLITE SYSTEMS SDN BHD, 50088 KUALA LUMPUR, KL MALAYSIA

End-user BINARIANG SATELLITE SYSTEMS SDN BHD, 50088 KUALA LUMPUR, KL MALAYSIA

Exporter STANDARD CHARTERED BANK, NEW YORK NY

Exporter BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA

Exporter WILLIS NORTH AMERICA INC, NEW YORK NY

Supplier STANDARD CHARTERED BANK, NEW YORK NY

Supplier BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA

Supplier ADDITIONAL SUPPLIERS

Gteed Lender STANDARD CHARTERED BANK, NEW YORK NY

Project Name NONE

Project Description MEASAT-3 SATELLITE PROJECT

Product Description COMMUNICATIONS SATELLITE, INSURANCE, AND RELATED ANCILLARY SERVICES

Financed Amount $ 137,718,019

Repayment Term 8.5 YEARS

Board Decision APPROVED