European Investment Bank

Decision of the Board of Governors

of 30 March 2009

on the increase in the capital of the European Investment Bank

THE BOARD OF GOVERNORS OF THE EUROPEAN INVESTMENT BANK,

HAVING REGARD to Articles 4(3) and 5(2) of the Statute,

WHEREAS the task of the Bank is set out in Article 267 of the Treaty establishing the European Community,

WHEREAS according to Article 4(1), second subparagraph, of the Bank’s Statute the unit of account shall be defined as being the euro,

WHEREAS the recent development of the Bank’s activity and the likely evolution of lending, in particular with a view to respond to the European and Ecofin Councils’ invitations, requires an increasing EIB support for a range of activities, particularly against the current outlook of the economic situation in the EU over the coming years,

WHEREAS according to the deliberations of the Board of Directors on the Bank’s requirements for capital at its meeting on 16 December 2008, the subscribed capital of the Bank should be increased to EUR 232392989000; the portion to be paid in should be 5 percent, funded entirely by the Bank from its Additional Reserves, and the Reserve Fund should progressively be rebuilt up to its statutory requirement of 10 percent of subscribed capital,

UNANIMOUSLY DECIDED on 30 March 2009, using the written procedure provided for in Article 5 of the Bank’s Rules of Procedure, on a proposal from the Board of Directors, in accordance with Article 4(3) of the EIB’s Statute that:

1. Additional Reserves of the Bank in the amount of EUR 5379241000 shall be considered as free reserves;

2. Of the free reserves, EUR 2000000000 shall be transferred to a dedicated reserve to support SFF and similar undertakings;

3. With effect from 1 April 2009, the capital of the Bank shall be increased as follows:

3.1. The capital subscribed by the Member States shall be raised pro rata, from EUR 164808169000 to EUR 232392989000, so as to arrive at the following amounts (EUR):

Germany | 37578019000 |

France | 37578019000 |

Italy | 37578019000 |

United Kingdom | 37578019000 |

Spain | 22546811500 |

Belgium | 10416365500 |

Netherlands | 10416365500 |

Sweden | 6910226000 |

Denmark | 5274105000 |

Austria | 5170732500 |

Poland | 4810160500 |

Finland | 2970783000 |

Greece | 2825416500 |

Portugal | 1820820000 |

Czech Republic | 1774990500 |

Hungary | 1679222000 |

Ireland | 1318525000 |

Romania | 1217626000 |

Slovakia | 604206500 |

Slovenia | 560951500 |

Bulgaria | 410217500 |

Lithuania | 351981000 |

Luxembourg | 263707000 |

Cyprus | 258583500 |

Latvia | 214805000 |

Estonia | 165882000 |

Malta | 98429500 |

3.2. Of the free reserves, EUR 3379241000 shall be transformed into paid-in capital by the way of transfer from the Bank’s Additional Reserves to its capital;

3.3. This capital shall be deemed to be part of the subscribed and paid-in capital, so increasing the Bank’s paid-in capital from EUR 8240408450 to EUR 11619649450;

CONSEQUENTLY

3.4. The Bank’s Statute shall be amended. As from 1 April 2009, the first subparagraph of Article 4(1) of the Bank’s Statute shall read as follows:

"The capital of the Bank shall be EUR 232392989000, subscribed by the Member States as follows

Germany | 37578019000 |

France | 37578019000 |

Italy | 37578019000 |

United Kingdom | 37578019000 |

Spain | 22546811500 |

Belgium | 10416365500 |

Netherlands | 10416365500 |

Sweden | 6910226000 |

Denmark | 5274105000 |

Austria | 5170732500 |

Poland | 4810160500 |

Finland | 2970783000 |

Greece | 2825416500 |

Portugal | 1820820000 |

Czech Republic | 1774990500 |

Hungary | 1679222000 |

Ireland | 1318525000 |

Romania | 1217626000 |

Slovakia | 604206500 |

Slovenia | 560951500 |

Bulgaria | 410217500 |

Lithuania | 351981000 |

Luxembourg | 263707000 |

Cyprus | 258583500 |

Latvia | 214805000 |

Estonia | 165882000 |

Malta | 98429500" |

4. This decision shall be published in the Official Journal of the European Union.

For the Board of Governors

The Chairman

C. Stavrakis

The Secretary

A. Querejeta

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