By letter dated 24 September 2013, the United Kingdom of Great Britain and Northern Ireland nominated Ms Vanessa MacDougall (Head of EU Financing, HM Treasury) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr Mike Glycopantis, who has tenderd his resignation.

By letter dated 14 October 2013, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Ms Vanessa MacDougall was taken on 21 October 2013, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Vanessa MacDougall 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.