By letter dated 28 February 2013, the Hellenic Republic nominated, by common accord with the Kingdom of Denmark, Ireland and Romania, Mr Achilleas Tzimas (Economist – Financial Expert, Directorate General for Economic Policy, Ministry of Finance) for appointment as an Alternate Member of the Board of Directors of the European Investment Bank to succeed Ms Angela Carabas, who had tendered her resignation.

By letter dated 11 March 2013, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Achilleas Tzimas was taken on 2nd April 2013, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Achilleas Tzimas will expire in 2013 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the 2012 financial year, whichever is later.

The minute of this decision is being drawn up and will be submitted for signature to the Chair of the Board of Governors.