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List of Guarantees Issued 2004/2005

IMPORTANTE NOTE

In the table below

1. The Case Impact Category indicates the level of environmental and/or social impacts that could potentially occur in relation to a project without the intervention of the impact elimination systems. More information on ECGD's Case Impact Analysis Process.
   
   
2. Maximum Liability refers to the maximum amount of claims payable under a particular guarantee, taking into account the principal and interest payable during the term of the loan covered by that guarantee.

Market Exporter Buyer/Airline/Operating Lessor Project Case Impact Category1 ECGD Maximum Liability UK £s Austria Airbus S.A.S Austrian Airlines Oesterreichische Luftverkehr AG Airbus Aircraft 7,279,352 Brazil VAI Industries (UK) Ltd Companhia Siderurgica De Tubarao (CST) Blast Furnace Medium 47,135,256 Chile Airbus S.A.S LAN Airlines S.A. Airbus Aircraft 13,940,242 China Airbus S.A.S China Eastern Airlines Airbus Aircraft 72,654,565 China Airbus S.A.S China Southern Airlines Airbus Aircraft 49,382,959 Egypt Elsalvador Airbus S.A.S Egyptair Holding Company Airbus Aircraft 45,466,204 El Salvador Airbus S.A.S Taca International Airlines Airbus Aircraft 14,899,879 Iran (Islamic Republic of) MAN Limited National Iranian Oil Company (NIOC) South Pars 9 & 10 Onshore High 48,383,094 Iran (Islamic Republic of) Doncasters Middle East Limited Turbine Blade Engineering & Manufacturing Co (PARTO) Turbine Blade Technology & Tooling Low 21,748,426 Iran (Islamic Republic of) Salzgitter Mannesmann (Uk) Limited National Iranian Oil Company (NIOC) South Pars 9 & 10 Offshore High 17,560,418 Iran (Islamic Republic of) Capital Valves Limited Marun Petrochemical Company Supply Of Valves For C2 Gathering & Transmission Line Low 263,779 Iran (Islamic Republic of) Alderley Systems Ltd Mobin Petrochemical Company Supply Of Hydrocarbon Liquid, Custody Metering Packages Low 11,078,145 Kazakhstan Kellogg Brown & Root Limited Kazakhoil Aktobe L.L.P Engineering Services For Alibekmola Oil Field 6,636,455 Kenya Rolls-Royce Plc Kenya Airways Limited Engines fFor 3 X B777 13,410,555 Luxemberg Rolls-Royce Plc Cargolux Airlines International Sa Engines for 1 X B747 8,301,574 Netherlands Airbus S.A.S Debis Airfinance BV Airbus Aircraft 38,480,150 Pakistan Motorola Ltd Pakistan Mobile Communications Limited GSM Supply Medium 33,908,101 Qatar Airbus S.A.S Qatar Airways (Q.C.S.C.) Airbus Aircraft 54,415,273 Russian Federation Airbus S.A.S Aeroflot Russian Airlines JSC Airbus Aircraft 20,968,654 Singapore Airbus S.A.S Singapore Aircraft Leasing Enterprise PTE Limited (SALE) Airbus Aircraft 29,725,713 South Africa Airbus S.A.S South African Airways (PROPIETARY) Limited Airbus Aircraft 31,679,603 Taiwan Airbus S.A.S China Airlines Airbus Aircraft 35,752,485 Thailand Airbus S.A.S Thai Airways International Private Company Limited Airbus Aircraft 22,844,442 Turkey Guralp Systems Limited Bogazici University Seismological Equipment Low 799,093 United States Airbus S.A.S GATX Financial Corporation Airbus Aircraft 19,435,578 United States Airbus S.A.S International Lease Finance Corporation (ILFC) Airbus Aircraft 129,496,877 Venezuela Sir William Halcrow & Partners Limited Ministerio Del Ambiente Y De Los Recursos Naturales Phase 4 Of Barcelona Project Low 3,034,619 Vietnam Airbus S.A.S Vietnam Airlines Corporation Airbus Aircraft 30,343,210 Sub Total 829,034,699 Overseas Investment Insurance 2 351,084,638 Other Insurance 814,470,918 Grand Total 1,994,590,255