Introduction to Export-Import Bank of the United States presented by

1. The Russian Union of Industrialists and Entrepreneurs July 16, 2012 Introduction to Export-Import Bank of the United States presented by Raymond Ellis, Vice President Global Business Development Division

2. Mission Ex-Im Bank supports US exports in order to create and sustain US jobs Organization Ex-Im Bank is a self-sustaining, independent agency of the United States government Established in 1934 Headquartered in Washington, DC 5 regional business development offices, plus 4 satellite locations (Dallas, San Diego, San Francisco and Washington D.C.) Export-Import Bank of the United States

3. Ex-Im Bank provides financing services that fill gaps in standard commercial trade financing loan guarantees and direct loans export credit insurance Assumes credit and country risks private sector unable or unwilling to accept without support Ex-Im Bank has no minimum or maximum transaction size amounts and no country limits Must find a reasonable assurance of repayment Export-Import Bank of the United States Activities

4. Ex-Im Bank History • History • Since its founding in 1934 Ex-Im has supported more than $500 Billion in U.S. exports • In fiscal year 2011 Ex-Im authorized $32.4 Billion in support of U.S. exports as compared to $24.5 Billion in fiscal year 2010 • Ex-Im Bank financing has supported a variety of key industry sectors • Aviation and Avionics • Manufacturing Equipment • Heavy Equipment • Oil and Gas Exploration/Development • Energy/Power Generation/Renewables Note

5. The Export-Import Bank of the U.S. in Russia • The Bank was originally founded in 1934 to support U.S. exports to Russia – First transaction done in March 1973 covering sale of submersible pumps valued at $11.6 million • Current Exposure - $219.1 million • Authorizations FY2012 FY2011 FY2010 • $208.3 mln $234.8 mln $98.9 mln • Sectors – Commercial jet aircraft • Mining • Agricultural equipment • Construction equipment

6. Ex-Im Bank Programs Types of Ex-Im Bank Financing Support • Programs typically used by U.S.exporters and their banks: • Working Capital Guarantees • Short- & Medium-Term Credit Insurance • Programs typically used by importingbuyers and their banks: • Medium- & Long-Term Loan Guarantees and Direct Loans • Structured & Project Finance Note

7. MT - Insurance and Guarantees For capital equipment and related services in amounts < $10 million and repayment terms of < 5 years (exceptionally 7 years) Loans and Equipment Leases (financial leases) Buyer Credit Standards Minimum 3 year history Reliable financial statements (audited if credit > $1 million) Buyer must meet certain financial ratios Seehttp://www.exim.gov/pub/pdf/ebd-m-39.pdf Export Finance Solutions

8. LT - Loan Guarantees & Direct Loans Amounts > $10 million and 7 - 18 year repayment terms Generally, large-ticket items like commercial jet aircraft, corporate credits > $50 million and limited recourse project finance Additional Requirements technical information in support of transaction summary Engineering and Environmental review and documentation detailed “Acquisition List” compliance MARAD shipping policy Export Finance Solutions

9. MT and LT Guarantee Programs General Requirements • Contract Amount • No minimum or maximum size limit • Cash Payment • 15% cash payment to exporter required - can be financed separately • US Content • Ex-Im covers the lesser of 85% of the US Contract amount, or 100% of the U.S.- sourced equipment and services included in the contract • Military • Bank is prohibited from financing military equipment and services See http://www.exim.gov/products/policies/index.cfm

10. MT and LT Guarantee Programs General Requirements (cont.) • Local Costs • Ex-Im Bank can support up to 30% of the US contract value in local costs • Substantial increase to financed amount • Services • Services must be performed by US-based personnel, either in the US or the host country • Shipping via Ocean Freight • U.S. flag vessels required with transactions of • (i) > $20 million, or (ii) with terms > 7 years See http://www.exim.gov/products/policies/index.cfm

11. Guarantee Eligibility and Coverage Standard Finance Model U.S. Supply Contract $100,000,000 U.S. Content80,000,000 Eligible Foreign Content15,000,000 $ 95,000,000 Net Contract Price* $ 80,000,000 Less: 15% Cash Payment: 12,000,000 Financed Portion $ 68,000,000 Plus: Eligible Local Costs (30%) 24,000,000 Total Financed Amount $ 92,000,000 * The lesser of i) 85% of the value of all eligible goods and services in the U.S. supply contract, or ii) 100% of the U.S. content in all eligible goods and services ** Subject to change – see Exposure Fee Calculator See http://www.exim.gov/news/lcfinance/illustrationbankstructure.cfm

12. All-in Cost of Financing for Guaranteed Loan Example • Total Loan Amount $100,000,000 • Total Term 12 yrs • Ex-im Exposure Fee* 6.21%* • Guaranteed Lender Fees $100,000 • Ex-Im Commitment Fee 0.1250% • Base Rate (6-month Libor) ** 0.73% • Spread over Base Rate 1.000% • All-in-Cost to Borrower 2.792% • * For category 3 (Russia) with 2 year construction period and 10 year repayment term • ** Libor quote as of 7/2/2012

14. Environmental Exports Program-EEP Support for environmentally-beneficial exports: • Renewable energy: photovoltaic, wind, hybrid, biomass, fuel cells, waste to energy, hydroelectric, coal gasification and geothermal • Wastewater, sewage, and waste treatment projects, drinking water treatment • Maximum repayment term allowable 18 years • Automatic eligibility for up to 30% local cost cover • Automatic eligibility for CIDC

15. For More Information Ex-Im Bank Contacts: Global Business Development +1-202-565-3713 Raymond J. Ellis, Vice President ray.ellis@exim.gov James S. Lewis, Sr. BDO - Asia james.lewis@exim.gov www.exim.gov