By letter dated 31 October 2011, the French Republic nominated Mr Christophe Bories (Head of Office, Bilateral Relations and European Financial Instruments, Sub-Directorate for European Affairs, General Treasury Directorate, Ministry of Economy, Finance and Industry) for appointment as Alternate Member of the Board of Directors of the EIB to succeed Mr Jean Boissinot who had tendered his resignation.

By letter dated 10 November 2011, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Christophe Bories was taken on 12 December 2011, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Christophe Bories will expire in 2013 at the end of the day of the approval by the Board of Governors of the Annual Report, the Balance Sheet and Profit and Loss Account for the 2012 financial year.