Ex-Im Bank Board Chairman Hochberg Testifies to Congress on Bank's Record Setting Year, Approximately US$24 Billion in Export Financing - Supporting Over 200,000 Jobs

Board of Director's Final Meeting Approves US$1.5 Billion in New Financing

WASHINGTON, September 30, 2010 - The Chairman and President of the Export-Import Bank of the United States
Fred P. Hochberg testified today before members of the House Financial
Services committee regarding an unprecedented year for export finance
authorizations and U.S. jobs supported by the Bank.

"Since its establishment in 1934," Hochberg said, "Ex-Im has had but one
central objective: to create and sustain American jobs through exports. When
the books close tomorrow on FY '10, it will be another record-setting year
with approximately 3400 transactions supporting over 200,000 American jobs."

Authorizations this fiscal year have already exceeded last year's record
of US$21 billion and are expected to be approximately US$24 billion in export
financing when final, detailed year-end figures are available in early
October.

Said Hochberg, "This important work is done at no cost to the American
taxpayer. Since 1992, Ex-Im has returned more than US$4.5 billion to
taxpayers."

The webcast of the Committee Hearing, "Ex-Im Bank Oversight: The Role of
Trade Finance in Doubling Exports over Five Years", may be viewed on the
Committee's web site at: go.usa.gov/xLd.

Also today in its final actions for fiscal year 2010, the Board of
Directors of the Export-Import Bank of the United States (Ex-Im Bank)
approved US$1.52 billion in export financing transactions.

The financing approved today supports an estimated US$1.7 billion in U.S.
exports, and more than 12,000 U.S. jobs at both small and large businesses.

"Ex-Im Bank's strong performance this year shows there remains a critical
need for financing by U.S. exporters, and by helping meet that need we're
supporting American jobs," said Ex-Im Bank Chairman and President Fred P.
Hochberg. "We remain on track to help reach the goal of President Obama's
National Export Initiative (NEI) of doubling U.S. exports and creating 2
million new jobs by 2015."

In today's actions the board approved:

    - a US$7 million increase to a US$5 million revolving working capital
      loan guarantee facility used by Retech Systems, LLC), a small business
      in Ukiah, Calif. The additional US$7 million will support Retech's
      US$15.2 million sale of a cold hearth furnace and related equipment and
      spare parts to China. The end user of the equipment will be Yunnan
      Titanium Industry Company Ltd., in China's Yunnan Province. The sale
      will support 110 existing American jobs. Today's action means Ex-Im
      Bank has supported almost US$23 million worth of exports by Retech
      under this guarantee.
    - US$1 billion in financing to back an estimated US$1.12 billion in
      exports of equipment and services to Petroleos Mexicanos (PEMEX),
      Mexico's state-owned petroleum company, for several projects - the
      Cantarell Oilfield, the New Projects of Pemex Exploration and
      Production (NPP), and the Strategic Gas Program (PEG). The exports will
      support an estimated 8,900 U.S. jobs.

Part of the financing — a US$200 million facility covering sales to the
three abovementioned PEMEX projects — supports exclusively U.S. small
business exports. PEMEX has provided a list of over 900 U.S. small businesses
across 41 states from which it may purchase U.S. goods and services.

The Board today also approved:

    - US$447 million in authorizations to back US$511 million in U.S.
      aircraft exports. These exports in turn will support an estimated 3,500
      U.S. jobs.

Ex-Im Bank provides a variety of financing mechanisms, including working
capital guarantees to help small and medium-sized U.S. businesses,
export-credit insurance to protect exporters against nonpayment by foreign
buyers, and loan guarantees and direct loans to assist foreign buyers of U.S.
goods and services.

For more information, including how to access Ex-Im Bank export
financing, see Ex-Im Bank's Web site at www.exim.gov or call
+1-202-565-3946 (EXIM).

Marianna Ohe of Export-Import Bank of the United States, +1-202-565-3200; NOTE TO EDITORS: The text of Chairman Hochberg's written testimony before the House Financial Services Committee is available. Contact the Office of Communications at +1-202-565-3200