The Export-Import Bank of Korea in Regulation S Offering

January 18, 2007

Cleary Gottlieb served as transaction counsel in connection with the offering pursuant to Regulation S by The Export-Import Bank of Korea (“KEXIM”) of CHF 350,000,000 2.75% notes due 2012. The transaction was a takedown from KEXIM’s $8 billion Euro Medium Term Note Programme. The closing took place on January 18.

The notes were listed on the SWX Swiss Exchange. ABN AMRO and UBS were the joint lead managers for the notes offering.

KEXIM was established in 1976 as a special governmental financial institution pursuant to the Export-Import Bank of Korea Act, as amended, to promote the sound development of the Korean economy and economic cooperation with foreign countries by extending the financial aid required for export and import transactions, overseas investment and the development of natural resources abroad.