EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

FEBRUARY 29, 2008

ITEM NO 1 Minutes of February 14, 2008, Board Meeting to be approved

Board Decision: Approved

ITEM NO 2

Country KOREA,
SOUTH PC083580XX

Request for PRELIMINARY COMMITMENT

Applicant ASIANA AIRLINES, INC, SEOUL 157-600
KOREA, REP OF

Borrower SPV/ASIANA AIRLINES, SEOUL
KOREA, REP OF

Buyer SPV/ASIANA AIRLINES, SEOUL
KOREA, REP OF

End-user ASIANA AIRLINES, INC, SEOUL 157-600
KOREA, REP OF

Exporter BOEING COMPANY, THE,
EVERETT WA

Supplier UNITED TECHNOLOGIES CORP,

Supplier BOEING COMPANY, THE,
EVERETT WA

Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Lessor SPV/ASIANA AIRLINES, SEOUL
KOREA, REP OF

Lessee ASIANA AIRLINES, INC, SEOUL 157-600
KOREA, REP OF

Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL 150973
KOREA, REP OF

Project Name NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

PC Expiry Date 07/14/08

Repayment Term 12 YEARS

Board Decision APPROVED