By letter dated 28 April 2017, the Republic of Austria nominated, Ms Karin RYSAVY (European Affairs, Ministry of Finance, Austria) for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr Wolfgang NITSCHE, who had tendered his resignation.

By letter dated 4 May 2017, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Ms Karin RYSAVY was taken on 19 May 2017, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Karin RYSAVY will expire in 2018 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the previous financial year, whichever is the later.