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Summary of the Meeting of the Board of Directors

Thursday, February 17, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J.Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, February 17, 2011, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, February 10, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
FEBRUARY 17, 2011

ITEM NO 1 Minutes of February 3, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 2A
Country SOUTH AFRICA AP085322XX
Request for FINAL COMMITMENT

Applicant TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Borrower TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Borrower SPV/TRANSNET LIMITED, SOUTH AFRICA
Guarantor NONE
Buyer TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
End-user TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Exporter GE TRANSPORTATION SYSTEMS GLOBAL, ERIE PA
Supplier GE TRANSPORTATION SYSTEMS GLOBAL, ERIE PA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender BARCLAYS BANK PLC, LONDON E14 4EY UNITED KINGDOM

Project Name NONE
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES
Financed Amount $125,228,154
Repayment Term 10 YEARS

Board Decision: Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

ITEM NO 2B
Country SOUTH AFRICA PC085332XX
Request for PRELIMINARY COMMITMENT

Applicant TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Borrower TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Borrower SPV/TRANSNET LIMITED,SOUTH AFRICA
Guarantor NONE
Buyer TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
End-user TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
Exporter GE TRANSPORTATION SYSTEMS GLOBAL, ERIE PA
Supplier GE TRANSPORTATION SYSTEMS GLOBAL, ERIE PA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender BARCLAYS BANK PLC, LONDON E14 4EY UNITED KINGDOM

Project Name NONE
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES
Repayment Term 10 YEARS
Ex-Im Bank Liability (Millions) $20+

PC Expiry Date 08-14-11

Board Decision: Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

ITEM NO 3

Working Capital Guarantee No. AP085901XX
Request for FINAL COMMITMENT
Applicant JPMORGAN CHASE BANK, DALLAS, TX
Lender JPMORGAN CHASE BANK, DALLAS, TX
Obligor JOINTLY & SEVERALLY
ZEECO INC, BROKEN ARROW, OK
ZEECO USA LLC, BROKEN ARROW, OK
Guarantor ZEECO EUROPE, TINWELL STAMFORD UK

Product Description: INDUSTRIAL COMBUSTION PRODUCTS

Eximbank Liability (Millions): $20+

Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all voted in favor of the transaction.