By letter dated 19th June 2018, Mr László BALOGH (Deputy State Secretary, responsible for Financial Policy Affairs at the Ministry of Finance of Hungary) was nominated by the Republic of Hungary, by common accord with the constituency of the Republic of Bulgaria, the Republic of Croatia, the Republic of Cyprus, the Czech Republic, the Republic of Hungary, the Republic of Malta, the Slovak Republic, the Republic of Slovenia and the Republic of Poland, for appointment as a member of the Audit Committee of the European Investment Bank.

Mr BALOGH will succeed Mr Jacek DOMINIK, who tendered his resignation on 17th May 2018 with effect from 22nd June 2018 or the date of appointment of a successor.

On 22nd June 2018, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Mr László BALOGH was taken on 22nd June 2018 during the Board of Governors’ Annual Meeting. The new member of the Audit Committee will be appointed as a member with a term for the remainder of the term of Mr Jacek DOMINIK, which will expire in 2021, 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 later.