By letter dated 26 August 2016, the Republic of Bulgaria nominated Ms Marinela PETROVA (Deputy Ministry of Finance) for appointment as a Full Member of the Board of Directors of the EIB to succeed Ms Karina Karaivanova, who had tendered her resignation.

By letter dated 29 August 2016, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Ms Marinela PETROVA was taken on 15 September 2016, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Marinela PETROVA 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.