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Summary of the Meeting of the Board of Directors

Thursday, May 26, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Jonathan J. Cordone, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, May 26, 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, except Item No. 1,may be closed to the public.

Date Posted: Wednesday, May 18, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS

MAY 26, 2011

ITEM NO 1 Resolution presented to Bijan R. Kian, Director, upon his resignation.
Board Decision: ADOPTED. Chairman Hochberg and Director Farrell both adopted the resolution.

ITEM NO 2 Minutes of May 5, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 3 Minutes of May 12, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.

ITEM NO 4
Country SOUTH AFRICA AP085292XX
Request for FINAL COMMITMENT

Applicant ESKOM LIMITED, SANDTON 2199 SOUTH AFRICA
Borrower ESKOM LIMITED, SANDTON 2199 SOUTH AFRICA
Guarantor NONE
Buyer ESKOM LIMITED, SANDTON 2199 SOUTH AFRICA
End-user ESKOM LIMITED, SANDTON 2199 SOUTH AFRICA
Exporter BLACK & VEATCH INT'L CORP, OVERLAND PARK KS
Supplier BLACK & VEATCH INT'L CORP, OVERLAND PARK KS
Gteed Lender NONE

Project Name KUSILE
Project Description COAL FIRED POWER PLANT
Product Description KUSILE POWER STATION PROJECT
Financed Amount $ 805,584,646
Repayment Term 12 YEARS

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

ITEM NO 5
Country VIETNAM PC082900XX
Request for AMENDMENT OF PRELIMINARY COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM
Borrower SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM
Buyer SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM
End-user VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lender NONE
Lessor SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM
Lessee VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE,CHIYODA-KU,TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 12/14/11
Repayment Term 12 YEARS

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

ITEM NO 6
Country KENYA AP085735XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, LONDON, E145HQ UNITED KINGDOM
Borrower EASTERN & SOUTHERN AFRICAN TRD & DEVL BK, 00100 NAIROBI KENYA
Buyer RWANDAIR EXPRESS SARL, KIGALI RWANDA
End-user RWANDAIR EXPRESS SARL, KIGALI RWANDA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 7
Country MEXICO FB-25464, FB-25514 & FB-25517 / Amendment

Borrower: ACEITES INDUSTRIALES EI ZAPOTE
Primary Exporter: JACOB STERN & SONS

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