European Investment Bank SEC report as at 30 June 2019 Financial Statements filed at the SEC Analytical report as at 30 June 2019 1

European Investment Bank Group Unaudited Condensed Semi-Annual Financial Statements as at June 30, 2019 - SEC Filing 2 | Analytical report as at 30 June 2019

EIB GROUP CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 2019 UNDER IFRS (in EUR ‘000) ASSETS 30.06.2019 (Unaudited) 31.12.2018 LIABILITIES AND EQUITY 30.06.2019 (Unaudited) 31.12.2018 1. Cash in hand, balances with central banks and post office banks 1. Amounts owed to credit institutions 77 751 141 830 a) repayable on demand 5 404 160 4 121 680 b) with agreed maturity or periods of notice 2 244 867 93 459 2. Treasury bills and other bills eligible for refinancing with central banks 7 649 027 4 215 139 33 665 387 33 860 192 2. Amounts owed to customers 3. Loans and advances to credit institutions a) repayable on demand 1 757 656 1 791 083 a) repayable on demand 1 019 035 944 692 b) with agreed maturity or periods of notice 15 580 10 976 b) other loans and advances 53 431 411 51 401 120 1 773 236 1 802 059 c) loans 115 228 444 117 125 782 d) impairment on loans and advances. net of reversals - 152 625 - 206 273 169 526 265 169 265 321 3. Debts evidenced by certificates a) debt securities in issue 475 960 247 473 902 448 4. Loans and advances to customers b) others 16 132 484 16 129 401 a) other loans and advances 119 974 452 699 492 092 731 490 031 849 b) loans 339 255 244 332 971 984 c) impairment on loans and advances. net of reversals - 655 660 - 661 810 4. Derivative liabilities 34 847 116 31 162 762 338 719 558 332 762 873 5. Other liabilities 1 930 449 1 738 632 5. Debt securities including fixed-income securities a) issued by public bodies 3 922 627 3 924 922 6. Deferred income 1 180 888 383 231 b) issued by other borrowers 8 094 136 12 372 822 12 016 763 16 297 744 7. Provisions a) pension plans and health insurance scheme 6 995 031 5 703 104 6. Shares and other variable-yield securities 10 122 608 8 990 738 b) provision for guarantees issued and commitments 89 277 91 294 7 084 308 5 794 398 7. Derivative assets 50 109 698 42 738 221 TOTAL LIABILITIES 546 557 755 535 128 070 8. Property, furniture and equipment 419 390 256 568 8. Capital a) subscribed 243 284 155 243 284 155 9. Intangible assets 25 573 23 798 b) uncalled - 221 585 020 - 221 585 020 21 699 135 21 699 135 10. Other assets 105 149 68 009 9. Consolidated reserves 11. Prepayments 1 074 657 209 830 a) reserve fund 24 328 415 24 328 415 b) additional reserves 8 677 204 6 964 454 c) fair value reserve 766 029 771 949 d) special activities reserve 10 777 675 9 626 707 e) general loan reserve 2 170 177 2 736 047 46 719 500 44 427 572 10. Profit for the financial period 886 409 3 360 347 Total equity attributable to the equity holders of the Bank 69 305 044 69 487 054 TOTAL EQUITY 69 305 044 69 487 054 TOTAL ASSETS 615 862 799 604 615 124 TOTAL LIABILITIES AND EQUITY 615 862 799 604 615 124 Analytical report as at 30 June 2019 3

CONSOLIDATED INCOME STATEMENT FOR THE PERIOD ENDED JUNE 30, 2019 UNDER IFRS (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 1. Interest and similar income 14 541 527 13 484 059 24 722 164 2. Interest expense and similar charges - 13 050 075 - 11 886 357 - 21 613 039 3. Income from shares and other variable-yield securities 148 721 179 222 421 381 4. Fee and commission income 249 274 170 023 374 541 5. Fee and commission expense - 103 293 - 73 587 - 180 975 6. Result on financial operations - 390 292 642 853 1 070 989 7. Other operating income 300 924 6 324 8. Change in impairment on loans and advances and provisions for guarantees, net of reversals 53 722 - 137 812 - 190 924 9. Change in impairment on transferable securities held as financial fixed assets, shares and other variable-yield securities, net of reversals 9 242 - 924 - 15 312 a) staff costs - 449 681 - 461 401 - 907 415 b) other administrative expenses - 86 992 94 087 - 283 920 - 536 673 - 555 498 - 1 191 335 11. Depreciation and amortisation: property, furniture and equipment and intangible assets a) property, furniture and equipment - 31 190 - 12 770 - 30 526 b) intangible assets - 4 854 - 2 767 - 12 347 - 36 044 - 15 537 - 42 873 12. Profit for the financial period 886 409 1 807 366 3 360 941 Attributable to: Non-controlling interests 0 131 594 Equity holders of the Bank 886 409 1 807 235 3 360 347 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED JUNE 30, 2019 UNDER IFRS (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 Profit for the financial period 886 409 1 807 366 3 360 941 Other comprehensive income/loss Items that will never be reclassified to the profit or loss: Remeasurements of defined benefit liability - 1 100 023 80 549 230 240 Changes in fair value attributable to change in the own credit risk of financial liabilities designated at the FVO - fair value reserve - 92 282 231 122 345 547 Net gains /losses on investment in equity instruments designated at fair value through other comprehensive income 3 360 22 448 22 123 Items that are or may be reclassified to profit or loss: Changes in fair value attributable to the currency basis spread of hedging derivatives - fair value reserve 83 002 64 810 94 307 Total other comprehensive income/loss - 1 105 943 398 929 692 217 Total comprehensive income/loss - 219 534 2 206 295 4 053 158 Attributable to: Non-controlling interests 0 131 594 Equity holders of the Bank - 219 534 2 206 164 4 052 564 4 Analytical report as at 30 June 2019

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY UNDER IFRS (in EUR ‘000) Subscribed capital Uncalled capital Reserve fund Additional reserves Fair value reserve Special activities reserve General loan reserve Result for the period before appropriation Total Non-controlling interests Total consolidated equity Balance at January 1, 2018 243 284 155 - 221 585 020 24 328 415 5 593 430 309 972 7 504 091 2 700 556 3 317 978 65 453 577 67 435 65 521 012 Comprehensive income Profit / loss for the financial year 0 0 0 0 0 0 0 3 360 347 3 360 347 594 3 360 941 Other comprehensive income 0 0 0 230 240 461 977 0 0 0 692 217 0 692 217 Total comprehensive income 0 0 0 230 240 461 977 0 0 3 360 347 4 052 564 594 4 053 158 Appropriation of prior year’s result 0 0 0 1 159 871 0 2 122 616 35 491 - 3 317 978 0 0 0 Other 0 0 0 - 19 087 0 0 0 0 - 19 087 0 - 19 087 Transactions with owners of the Group Movement of non-controlling interest following loss of control of subsidiary 0 0 0 0 0 0 0 0 0 - 68 029 - 68 029 Total transactions with owners of the Group 0 0 0 0 0 0 0 0 0 - 68 029 - 68 029 Balance at December 31, 2018 243 284 155 - 221 585 020 24 328 415 6 964 454 771 949 9 626 707 2 736 047 3 360 347 69 487 054 0 69 487 054 Comprehensive income Profit / loss for the financial period 0 0 0 0 0 0 0 886 409 886 409 0 886 409 Other comprehensive income 0 0 0 - 1 100 023 - 5 920 0 0 0 - 1 105 943 0 - 1 105 943 Total comprehensive income 0 0 0 - 1 100 023 - 5 920 0 0 886 409 - 219 534 0 - 219 534 Appropriation of prior year’s result 0 0 0 2 775 249 0 1 150 968 - 565 870 - 3 360 347 0 0 0 0 Other 0 0 0 37 524 0 0 0 0 37 524 0 37 524 Balance at June 30, 2019 (Unaudited) 243 284 155 - 221 585 020 24 328 415 8 677 204 766 029 10 777 675 2 170 177 886 409 69 305 044 0 69 305 044 Analytical report as at 30 June 2019 | 5

CONSOLIDATED CASH FLOW STATEMENT FOR PERIOD ENDED JUNE 30, 2019 UNDER IFRS (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 A. Cash flows from operating activities : Profit for the financial period 886 409 1 807 366 3 360 941 Adjustments for: Change in impairment on loans and advances and provisions for guarantees - 33 516 137 812 190 924 Depreciation and amortisation on property, furniture and equipment, and write-off 36 044 15 537 42 873 Change in impairment on transferable securities held as financial fixed assets, shares and other variable-yield securities - 9 242 924 15 312 Change in fair value adjustment of debt securities - 111 180 23 663 28 152 IFRS adjustments on loans and associated swaps 59 591 412 383 556 820 IFRS adjustments on borrowings and associated swaps - 179 545 - 691 019 - 717 756 IFRS adjustments on other derivatives - 705 649 - 371 608 - 376 083 Net interest income - 1 491 452 - 1 597 702 - 3 109 125 Effect of exchange rate changes 1 517 587 41 699 -4919 Profiggoss) on operating activities - 30 953 - Disbursements of loans and advances to credit institutions and customers -19118212 -21333382 -46720967 Repayments of loans and advances to credit institutions and customers 19 494 118 25 263 639 50 762 627 Change in deposits with central banks 64 078 - 25 811 20 650 Change in treasury portfolios 5 988 640 676 091 -1109604 Change in amounts owed to credit institutions and customers 3 405 065 - 438 615 - 923 707 Change in provisions for pension plans and health insurance scheme 295 588 202 888 359 377 Change in provisions for guarantees issued in respect of loans granted by third parties - 7 364 0 - 25 359 Change in interest accrued on cash and cash equivalents 32 273 9 852 76 519 Change in other assets and other liabilities - 15 668 - 104 362 153 974 Interest received 14 086 690 10 125 436 23 417 469 Interest paid - 10 494 212 -9173530 - 20 056 165 Net cash used from/(used in) operating activities B. Cash flows from investing activities: Securities in Long Term Hedge Portfolio purchased during the period - 720 000 0 - 524 088 Securities from Long Term Hedge Portfolio matured during the period 65 000 16 800 16 800 Purchase of loan substitutes and ABS portfolio EIF included in the debt securities portfolios -1 573 620 -1452143 -3709716 Redemption of loan substitutes and ABS portfolio EIF included in the debt securities portfolios 1 822 838 1 365 630 3 081 888 Additions on shares and other variable-yield securities - 1 244 302 - 1 142 326 - 2 264 355 Reflows on shares and other variable-yield securities 469 551 479 657 1 017 072 Purchase of property, furniture and equipment and intangible assets - 12 512 - 14 212 - 36 637 Disposal of property fumiture and equipment and intangible assets 661 0 0 Net cash used from/(used in) investing activities C. Cash flows from financing activities: Issuance of debts evidenced by certificates 79 372 788 66 147 395 102 838 534 Redemption of debts evidenced by certificates - 90 600 448 - 56 960 612 -100519723 Member States’ contribution 0 25 983 25 983 Purchase of EIF shares 0 - 4 758 - 4 758 Sale of EIF shares 0 0 1 298 Return on capital EUMPF 0 22 405 33 923 Dividend paid to EIF minority shareholders -4331 -4519 -4519 Payment of lease liabilites - 18 672 0 0 Net cash used from/(used in) financing activities -11 250 663 9 225 894 2 370 738 Summary statement of cash flows: Cash and cash equivalents at beginning of financial period 58 342 332 51 760 118 51 760 118 Net cash used from/(used in) Operating activities 13 700 043 4 981 261 5 941 953 Investing activities -1192384 - 746 594 - 2 419 036 Financing activities - 11 250 663 9 225 894 2 370 738 Effects of exchange rate changes on cash held 262 730 328 683 688 559 Cash and cash equivalents at end of financial period 58 342 332 Cash and cash equivalents are composed of: Cash in hand, balances with central banks and post office banks, excluding deposits with Central Bank of Luxembourg to cover minimum reserve requirement 31 41 32 Money market securities maturing within three months of issue 10 476 459 18 208 567 9 575 785 Loans and advances to credit institutions and customers: Repayable on demand 1 019 035 2 688 198 944 701 Other loans and advances 48 366 533 44 652 556 47 821 814 Non-cash changes (in EUR'000) 2018 Cash flows Exchange adjustments Fair value adjustment and accrued interest on borrowings Other changes H1 2019 (Unaudited) Long-term borrowings 479 939 798 - 7 132 473 1 106 651 10 708 501 0 484 622 477 Lease liabilities 0 - 18 672 0 0 189 016 170 344 Short term borrowings 10 092 051 - 4 095 186 1 473 389 0 0 7 470 254 Total liabilities from financing activities 490 031 849 - 11 246 331 2 580 040 10 708 501 189 016 492 263 075 6 Analytical report as at 30 June 2019

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS UNDER IFRS NOTE A Basis of presentation The unaudited condensed consolidated financial statements of the European Investment Bank (“the Bank”) as at June 30, 2019 do not include all of the information and footnotes required for complete financial statements, in accordance with IAS 34 Interim Financial Reporting. In the opinion of management, all adjustments, normal recurring accruals and adjustments for the impairment of financial assets considered necessary for a fair presentation have been recorded. The profit for the six-month period ended June 30, 2019 is not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The audited consolidated financial statements as at and for the year ended December 31, 2018 were prepared in accordance with International Financial Reporting Standards (“IFRS”) as endorsed by the EU. The unaudited condensed consolidated financial statements as at and for the period ended June 30, 2019 are based on the same principles, except of IFRS 16 - Leases, which has been adopted by the Bank on January 1, 2019 using the cumulative retrospective approach and therefore the comparative information has not been restated and continues to be reported under IAS 17 and IFRIC 4. No transition impact were to be recorded in EIB Group’s own funds. For further information, refer to the consolidated financial statements and footnotes thereto included in the Bank’s annual report for the year ended December 31, 2018. NOTE B Summary statement of loans (in EUR ‘000) Analysis of aggregate loans granted (before specific provisions) as at 30 June 2019 To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 115 228 444 339 255 244 454 483 688 - Undisbursed portion 23 463 307 77 684 897 101 148 204 Aggregate loans granted 138 691 751 416 940 141 555 631 892 Analysis of aggregate loans granted (before specific provisions) as at 31 December 2018 To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 117 125 782 332 971 984 450 097 766 - Undisbursed portion 24 719 169 80 850 579 105 569 748 Aggregate loans granted 141 844 951 413 822 563 555 667 514 At the end of June 2019 and December 2018, the stake of the United Kingdom in the subscribed capital of the Bank amounted to EUR 39.2bn, out of which EUR 3.5bn have been paid-in. The disbursed exposure on borrowers located in the United Kingdom through the Group’s lending activities, including guarantees, amounted to EUR 37.5bn as at June 30, 2019 (December 31, 2018: EUR 37.7bn), while the exposure on foreign borrowers with a guarantor from the United Kingdom amounted to EUR 1.3bn (December 31, 2018: EUR 1.3bn). The Group had no direct exposure to the United Kingdom acting as borrower at the end of June 2019 nor at the end of December 2018, whereas disbursed loans guaranteed by the United Kingdom amounted to EUR 2.1bn as at June 30, 2019 (December 31, 2018: EUR 2.1bn). The Bank will provide further updates on the subject as developments necessitate. Analytical report as at 30 June 2019 | 7

NOTE C Debts evidenced by certificates (in EUR ‘000) PAYABLE IN OUTSTANDING AT 30 06.2019 (UNAUDITED) AVERAGE RATE (*) 30.06.2019 (UNAUDITED) DUE DATES (UNAUDITED) OUTSTANDING AT 31.12.2018 AVERAGE RATE (*) 31.12.2018 EUR 244 155 747 1.77 2019/2057 242 302 683 1.88 USO 112 303135 2.21 2019/2058 118 381 750 2.14 GBP 40 738 954 2.70 2019/2054 45 514 776 2.67 AUD 11 542 649 4.33 2019/2042 11 158 821 4.40 CHF 5 656 191 2.04 2019/2036 6 543 349 2.10 SEK 5 534 255 2.37 2020/2040 5 871 397 2.45 NOK 5 324 537 1.96 2020/2037 4 092 659 1.97 PLN 4 532 191 2.42 2021/2029 3 605 803 2.38 CAD 4 283 375 2.09 2020/2045 4 753 954 2.10 JPY 3 380 881 1.10 2019/2053 3 768 843 1.02 ZAR 3 264 085 7.75 2019/2032 3 059 007 7.66 TRY 2 662 048 8.91 2019/2027 2 937 200 8.94 MXN 1 798 800 5.65 2020/2027 1 689 482 5.63 CZK 344 773 2.44 2021/2034 379 935 2.57 NZD 334 294 2.78 2019/2023 469 043 3.37 HUF 278 920 0.23 2020/2021 281 014 0.18 RUB 258 389 6.71 2019/2022 213 259 6.71 DKK 123 821 3.46 2024/2026 123 760 3.46 HKD 117 210 2.47 2019/2021 116 152 2.47 CNY 63 951 3.88 2020/2020 63 491 3.88 RON 38 020 2.87 2020/2020 57 468 2.66 Fair value adjustment on borrowings 45 356 505 34 648 003 TOTAL 492 092 731 490 031 849 (*) Weighted average interest rates at the balance sheet date The principal and interest of certain structured borrowings are index linked to stock exchange indexes (historical value: EUR 500m at June 30, 2019 and EUR 500m in 2018). All such borrowings are hedged in full through structured swap operation s. NOTE D Commitment to purchase the remaining European Investment Fund (“EIF”) shares at a fixed price As at June 30, 2019, the Bank holds 58.64% of the EIF’s subscribed capital (58.64% as at December 31, 2018). Under the terms of the Replacement Share Purchase Undertaking, the Bank is offering to buy the remaining subscribed shares from the EIF’s other shareholders for a price of EUR 440,124.21 per share as at June 30, 2019. The latter corresponds to the part of each share in the called capital of EIF, increased by the share premium account, the statutory reserves, the retained earnings, the fair value reserve and the profit of the year, adjusted by the dividend of the year. The agreed formula is being applied to the approved and audited annual accounts of the EIF for the financial year in which the option is exercised. 8 | Analytical report as at 30 June 2019

Note E Commitments, contingent liabilities and other memorandum items (in EUR ‘000) Commitments : 30.06.2019 {Unaudited) 31.12.2018 EBRD capital uncalled Undisbursed loans 71 2 63 0 71 2 630 credit institutions 23 463 307 24 719 169 customers 77 684 897 80 850 579 101 148 204 105 569 748 - Undisbursed venture capital operations 5 532 847 5 699 929 - Undisbursed investment funds 3 187 210 3 362 284 - Securities receivable 1 051 006 0 - Borrowings launched but not yet settled 739 041 223,950 - Undisbursed loans substitutes 180 000 280 000 Contingent liabilities and guarantees: - In respect of loans granted by third parties 18 223 550 18 474 262 Assets held on behalf of third parties: - Investment Facility - Cotonou 3 189 995 3 127 175 - Guarantee Fund 2 621 199 2 609 882 - NER300 2 070 957 2 054 336 - lnnovFin 1 114 638 1 106 574 - RSFF (incl. RSI) 733 905 731 064 - CEF (incl. former PBI and LGTT) 610 154 597 955 - JESSICA (Holding Funds) 587 940 599 248 - EU-Africa Infrastructure Trust Fund 571 345 562 833 - Funds of Funds (JESSICA II) 543 022 517 813 - COSME LGF & EFG 369 724 332 095 - ESIF 349 067 351 494 - JEREMIE 335 726 306 750 - GF Greece 310 690 309 927 - SME initiative Romania 247 462 248 863 - Special Section 236 975 256 308 - SME initiative Italy 173 221 176 399 - MAP Equity 127 136 138 516 - ENPI 120 482 138 635 - Partnership Platform for Funds 111 909 91 053 - DCFTA 103 017 108 949 - SME initiative Bulgaria 97 710 100 127 - SMEG 2007 77 809 82 721 - AECID 74 214 71 440 - SME initiative Finland 72 860 74 350 - EaSI 71 992 72 087 - lnnovFin SME Guarantee 70 874 145 374 - GIF 2007 69 702 68 150 - REG 57 983 36 000 - WB EDIF 51 275 55 196 - NPI Securitisation Initiative (ENSI) 48 604 52 690 - NIF Trust Fund 44 857 44 857 - SME initiative Malta 41 115 20 654 - FEMIP Trust Fund 40 965 43 923 - GAGF 40 377 41 024 - IPA II 36 573 10 534 - HIPC 35 363 35 378 - Private Finance for Energy Efficiency Instrument 34 187 34 467

Note E Commitments, contingent liabilities and other memorandum items (in EUR ‘000) (continued) Assets held on behalf of third parties (Continued): 30.06.2019 (Unaudited) 31.12.2018 - MAP guarantee 32 226 32 189 - Cultural Creative Sectors Guarantee Facility 30 829 28 266 - lnnovFin Equity 29 072 23 667 - NIF Risk Capital Facility 23 987 23 720 - EPTA Trust Fund 19 745 21 713 - AGRI 17 580 17 711 - Student Loan Guarantee Facility 13 672 13 914 - NPI 13 624 14 779 - Natural Capital Financing Facility 11 445 11 574 - EFSI-EIAH 8 662 16 674 - BIF 6 969 4 723 - SME Guarantee Facility 5 867 6 653 - Bundesministerium für Wirtschaft und Technologie 4 646 7 758 - PGFF 4 553 6 660 - Central Europe FoF 4 115 2 050 - GEEREF 3 878 19 779 - Alp GIP 3 600 1 814 - SME initiative Spain 2 228 2 796 - EPPA 2 075 1 968 - LFA-EIF Facility 1 135 479 - GEEREF Technical Support Facility 736 801 - TTA Turkey 499 499 - European Technology Facility 338 5 662 - TTP 229 248 - ROI Advisory 224 2 847 - MOD 112 403 - EFSI Private Credit Programme 99 0 - G43 Trust Fund 31 0 - GGF 12 12 - JASPERS 0 1 720 15 737 21 2 15 625 92 0 Other items: - Nominal value of interest-rate swaps incl. commitment 540 792 970 535 680 055 - Nominal value of currency swap contracts payable 208 576 653 211 111 136 - Nominal value of currency swap contracts receivable 208 22 2 240 210 865 395 - Nominal value of short-term currency swap contracts payable 30 244 123 41 088 252 - Nominal value of short -term currency swap contracts receivable 30 053 743 41 160 710 - Currency forwards 658 273 539 296 - Currency swaps launched but not yet settled receivable 288 489 0 - Currency swaps launched but not yet settled payable 288 474 0 - Future contracts 35 200 0 - Special deposits for servicing borrowings 22 142 7 135

EIB GROUP - EU ACCOUNTING DIRECTIVES TO IFRS RECONCILIATION CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 2019 (in EUR '000) EU Accounting Directives Adjustment IFRS 30.06.2019 30.06.2019 ASSETS (Unaudited) Impact Ref. (Unaudited ) 1. Cash in hand, balances with central banks and post office banks 77 751 0 77 751 2. Treasury bills and other bills eligible for refinancing with central banks 33 553 39 7 111 990 A 1, B.1, C 33 665 387 3. Loans and advances to credit institutions a) repayable on demand 1 019 035 0 1 019 035 b) other loans and advances 53 431 139 272 A.2, B.4 53 431 411 c) loans 113 041 257 2 187 187 A.2, B.4 115 228 444 d) impairment on loans and advances, net of reversals - 51 180 - 101 445 C - 152 625 167 440 251 169 526 265 4. Loans and advances to customers a ) other loans and advances 120 000 26 A.2, B.4 119 974 b) loans 316 143 097 23 112 147 A.2, B.4 339 255 244 c) impairment on loans and advances, net of reversals - 449 453 - 206 207 C - 655 660 315 813 644 338 719 558 5. Debt securities Including fixed-income securities a) issued by public bodies 3 873 5 71 49 056 A.1, B.1 , C 3 922 627 b) issued by other borrowers 8 132 304 - 38 168 A.1, B.1, C 8 094 136 12 005 875 12 016 763 6. Shares and other variable-yield securities 7 082 395 3 040 213 B.2, B.3 10 122 608 7. Participating interests 301 384 - 301 384 B.3 8. Derivative assets 50 109 698 B.5 50 109 698 9. Property, furniture and equipment 248 897 170 493 G 419 390 10. Intangible assets 25 573 25 573 11. Other assets 56 542 48 607 B.5, H 105 149 12. Prepayments 16 223 689 - 15 149 032 A1, A.2, A 4, B.1, B.4, B.5 1 074 657 TOTAL ASSETS 552 829 398 615 862 799 LIABILITIES AND EQUITY 30.06.2019 Ref. 30.06.2019 1. Amounts owed to credit Institutions a) repayable on demand 5 405 680 - 1 520 A.3 5 404 160 b) with agreed maturity or periods of notice 2 245 521 654 A.3 2 244 867 7 651 201 7 649 027 2. Amounts owed to customers a) repayable on demand 1 757 656 1 757 656 b) with agreed maturity or periods of notice 15 580 15 580 1 773 236 1 773 236 3. Debts evidenced by certificates a) debt securities in issue 433 793 334 42 166 913 A.4 475 960 247 b) others 12 942 892 3 189 592 A.4 16 132 484 446 736 226 492 092 731 4. Derivative liabilities 34 847 116 B.5 34 847 116 5. Other liabilities 877 663 1 052 786 A.2, B.5, E, G 1 930 449 6. Deferred income 18 527 835 - 17 346 947 A.1, A.2, A.3, A.4, B.1, B.4, B.5, 1 180 888 7. Provisions a) pension plans and health insurance scheme 3 246 418 3 748 613 D 6 995 031 b) provision for guarantees issued and commitments 22 650 66 627 C 89 277 3 269 068 7 084 308 TOTAL LIABILITIES 478 835 229 546 557 755 8. Capital a) subscribed 243 284 155 243 284 155 b) uncalled - 221 585 020 - 221 585 020 21 699 135 21 699 135 9. Consolidated reserves a) reserve fund 24 328 415 24 328 415 b) additional reserves 12 797 98 7 - 4 1 20 783 A-H 8 677 20 4 c) fair value reserve 0 766 0 29 A.4, B.2, B.5 766 029 d) special activities reserve 10 777 675 0 10 777 675 e) general loan reserve 2 170 177 0 2 170 177 50 074 254 46 719 500 10. Profit for the financial period 1 339 389 - 452 980 A-H 88 6 409 11. Equity attributable to non-controlling interests 881 391 - 881 391 E TOTAL EQUITY 73 994 169 69 305 044 TOTAL LIABILITIES AND EQUITY 552 829 398 615 862 799 11 Analytical report as at 30 June 2019

EIB GROUP - EU ACCOUNTING DIRECTIVES TO IFRS RECONCILIATION Consolidated income statement for the half year ended June 30, 2019 (in EUR ‘000) EU Accounting Directives Adjustment IFRS Impact Ref H1 2019 (Unaudited) 1. Interest and similar Income 14 541 139 388 A.1, A.2, B.1, B.4, B.5 14 541 527 2. Interest expense and similar charges - 13 022 425 - 27 650 A.4, B.5, E, G - 13 050 075 3. Income from shares and other variable-yield securities 148 721 0 148 721 4. Fee and commission income 243 515 5 759 F 249 274 5. Fee and commission expense - 103 293 0 - 103 293 6. Result on financial operations 113 602 - 503 894 A.1, A.2, A.4, B.1, B.2, B.3, B.4, B.5 - 390 292 7. Other operating income 300 0 300 8. Change in Impairment on loans and advances and provisions for guarantees, net of reversals - 333 54 055 C, H 53 722 9. Change in impairment on transferable securities held as financial fixed assets, shares and other variable-yield securities, net of reversals - 24 265 33 507 B.2, B.3, C 9 242 10. General administrative expenses a) staff costs - 422 463 - 27 218 D - 449 681 b) other administrative expenses - 105 664 18 672 D, G - 86 992 - 528 127 - 536 673 11. Depreciation and amortisation: property, furniture and equipment and intangible assets a) property, furniture and equipment - 12 894 -18 296 G - 31 190 b) intangible assets - 4 854 0 - 4 854 - 17 748 - 36 044 12. Profit for the financial period 1 351 086 886 409 Attributable to: Non-controlling interests 11 697 - 11 697 E 0 Equity holders of the Bank 1 339 389 886 409

Valuation and income recognition differences between IFRS and EU Accounting Directives A Financial assets and liabilities designated at fair value through profit or loss or carried at amortised cost (including hedge accounting) 1 Debt securities portfolio Under EU Accounting Directives, debt securities portfolios are recorded at purchase price and measured at amortised cost. Accrued interest is recorded under balance sheet item “Prepayments and accrued income”. Under IFRS, the Group applies hedge accounting for eligible hedged debt securities. The carrying amount of these securities is adjusted for the fair value attributable to the risk being hedged. Economically hedged debt securities that cannot be included in hedge accounting, are designated irrevocably on initial recognition to the fair value option and are measured at fair value through profit or loss. Accrued interest is reported on the balance sheet within the balance of the instrument to which it relates. Changes in fair values and hedge fair values of hedged debt securities are recognised in the income statement under “Result on financial operations”. 2 Loans and advances Under EU Accounting Directives, all loans and advances are carried at amortised cost. Accrued interest is recorded under balance sheet items “Prepayments and accrued income” or “Accruals and deferred income”. The up-front fees on loans are amortised and recognised in the profit and loss account under “Interest receivable and similar income”. Under IFRS, the Group applies hedge accounting to eligible hedged loans. The carrying amount of these loans is adjusted for the fair value attributable to the risk being hedged. Economically hedged loans that cannot be included in hedge accounting are designated irrevocably on initial recognition to the fair value option and are measured at fair value through profit or loss. Changes in fair values and hedge fair values of loans are recognised in the income statement under “Result on financial operations”. Accrued interest is reported on the balance sheet within the balance of the asset to which it relates. Accrued interest on loans and advances which are Credit Impaired are reversed under “Interest receivable and similar income”. Under IFRS the up-front fees on loans: are recognised immediately under “Result on financial operations” in the income statement for the loans that are designated to the fair value option; are amortised over the maturity of the loan and recognised in balance sheet under “Loans and advances to credit institutions and customers” for the loans that are designated to hedge accounting and/or amortised cost. Transitory accounts on loans are reclassified from “Other liabilities” to the loan balance to which they relate. 3 Amounts owed to credit institutions Under EU Accounting Directives, “Amounts owed to credit institutions” are presented in the financial statements at their redemption amounts. Interest on amounts owed to credit institutions is recorded in the profit and loss account on an accrual basis as “Interest payable and similar charges” or “Interest receivable and similar income” if interest is negative. Accrued interest is included in “Accruals and deferred income”. Under IFRS, “Amounts owed to credit institutions” are initially recorded at cost and are presented in the financial statements at amortised cost. Interest on amounts owed to credit institutions is recorded in the income statement as “Interest expense and similar charges” or “Interest and similar income” using the effective interest method. Accrued interest is reported on the balance sheet within the balance of the instrument to which it relates. 4 Debts evidenced by certificates Under EU Accounting Directives, debts evidenced by certificates are recorded at amortised cost. Accrued interest is recorded under balance sheet item “Accruals and deferred income”. Issuance fees and redemption premiums or discounts under “Prepayments and accrued income” or “Accruals and deferred income” are amortised on a straight-line basis and subsequently recognised in the profit and loss account under “Interest payable and similar charges”. Under IFRS, the Group applies hedge accounting to a significant portion of its hedged issued debt whenever these are eligible. The carrying amount of these debts evidenced by certificates is adjusted for the fair value attributable to the risk being hedged. Economically hedged debts evidenced by certificates that cannot be included in hedge accounting are designated irrevocably on initial recognition to the fair value option and measured at fair value through profit or loss. Changes in fair values and hedge fair values of debts evidenced by certificates are recognised in the income statement under “Result on financial operations”. Accrued interest is reported on the balance sheet within the balance of the debt instrument to which it relates. Issuance fees and redemption premiums or discounts are reported on the balance sheet within the caption of the instrument to which they relate and are amortised over the period to maturity of the related debts evidenced by certificates, unless those debts evidenced by certificates are measured at fair value through profit or loss, in which case there is no amortisation and fees are recognised immediately in the income statement under “Result on financial operations”. For debts evidenced by certificates designated to the fair value option, Own credit adjustments (“OCA”), reflecting own credit risk as per IFRS 13, are calculated and the respective changes are recorded in Other comprehensive income (“OCI”) in the “Fair value reserve”.

Under IFRS, the Group has one transaction that meets the offsetting of financial assets and financial liabilities criteria. B Financial assets and liabilities mandatorily classified at fair value through profit or loss 1 Debt securities portfolio Under EU Accounting Directives, debt securities portfolios with the exception of the Securities Liquidity Portfolio are recorded at purchase price and measured at amortised cost. Accrued interest is recorded under balance sheet items “Prepayments and accrued income”. Under IFRS, some debt securities are not eligible for amortised cost and consequently must be carried at fair value with changes in fair value reflected directly in profit or loss. Changes in fair values of these debt securities are recognised in the income statement under “Result on financial operations”. Accrued interest is reported on the balance sheet within the balance of the instrument to which they relate, while any related fees are recognised immediately under “Result on financial operations” in the income statement. 2 Shares and other variable-yield securities Under EU Accounting Directives, shares and other variable-yield securities are initially recorded at acquisition cost. Their carrying value is subsequently adjusted to the lower of cost or market value at each balance sheet date. Respective value adjustments are recorded under “Value (re-)adjustments in respect of transferable securities held as financial fixed assets and participating interests”. Under IFRS, shares and other variable-yield securities are carried at fair value with changes in fair value reflected directly in the income statement under “Result on financial operations”, except for the investment in European Bank for Reconstruction and Development (“EBRD”) whose fair value changes are reflected in OCI. 3 Participating interests Under EU Accounting Directive, “Participating interests” are accounted based on equity accounting using methods consistent with the Group’s accounting policies. Respective value adjustments are recorded under “Value (re-)adjustments in respect of transferable securities held as financial fixed assets and participating interests”. Under IFRS, participating interests are included within “Shares and other variable-yield securities” and respective value adjustments are recorded in “Result on financial operations”. 4 Loans and advances Under EU Accounting Directives, all loans and advances are carried at amortised cost. Accrued interest is recorded under balance sheet items “Prepayments and accrued income” or “Accruals and deferred income”. The up-front fees on loans are amortised and recognised in the profit and loss account under “Interest receivable and similar income”. Under IFRS, loans which are not eligible for amortised cost, are classified as measured at fair value through profit or loss. The up-front fees on these loans are recognised at inception under “Result on financial operations” in the income statement. Changes in fair values of loans are recognised in the income statement under “Result on financial operations”. 5 Derivative assets and liabilities a Treasury derivatives Under EU Accounting Directives, derivative instruments in the trading portfolios are marked to market and recorded under “Other assets” or “Other liabilities”. Up-front fees are not amortised and they are recorded under “Interest payable and similar charges”. Interest accrued under derivative instruments is presented under “Prepayments and accrued income” or “Accruals and deferred income”. Under IFRS, all derivative assets and liabilities are recognised on the balance sheet and measured at fair value through profit or loss. Credit valuation adjustments (“CVA”), Debit valuation adjustments (“DVA”) and Collateral Value Adjustment (“CollVA”) are included in the fair valuation of derivatives. Changes in fair value of derivatives are recognised in the income statement under “Result on financial operations”. b Derivatives and hedging activities Under EU Accounting Directives, hedging derivative instruments are not recognised on the balance sheet. They are reported off balance sheet at nominal amount. Interest accrued under derivative instruments is presented under “Prepayments and accrued income” or “Accruals and deferred income”. Up-front fees, redemption premiums or premiums/discounts are amortised over the period to maturity of the related derivatives under “Interest payable and similar expense” or “Interest receivable and similar income”. Under IFRS, all derivative assets and liabilities are recognised on the balance sheet and measured at fair value through profit or loss. CVA, DVA and CollVA are included in the fair valuation of derivatives. Changes in fair value of derivatives are recognised in the income statement under “Result on financial operations”. The amortisation of premiums and discounts of FX swaps and FX forwards are recorded under “Result on financial operations”.

For derivatives used in hedge accounting, the gain or loss of the designated part of the hedging instrument is recognised in the income statement. In addition, the Group separates the fair value of the foreign currency basis spread (“CBS”) from the hedging instruments and applies a dedicated accounting treatment. The initial CBS amount, measured at the date of designation, is recorded under OCI and is amortised linearly over the residual lifetime of the hedge in the income statement. Subsequent changes in the fair value of the CBS are recognised directly in OCI. For derivatives used in hedge accounting, up-front fees or redemption premiums are amortised over the period to maturity of the related derivative, unless these derivatives are not designated to hedge accounting, in which case they are recognised immediately under “Result on financial operations”. Under IFRS, the Group has two transactions that meet the offsetting of financial assets and financial liabilities criteria. C Impairment of financial assets measured at amortised cost and loan commitments Under EU Accounting Directives, value adjustments on loans and advances are only recorded where there is a risk of non-recovery of all or part of their amounts. These value adjustments are accounted for in the profit and loss account as “Value (re-)adjustments in respect of loans and advances and provisions for contingent liabilities” and are deducted from the appropriate asset items on the balance sheet. Under IFRS, the Group is required to recognise a loss allowance for all loans and debt securities measured at amortised cost as well as for off-balance sheet loan commitments. This allowance is based on either lifetime Expected Credit Loss (“ECL”), if either there has been a significant increase in credit risk since initial recognition or the instrument is considered as being credit-impaired or otherwise on 12-months ECL. Depending on the nature of the financial instrument, the ECL allowances are deducted from the appropriate asset items on the balance sheet. For off-balance sheet items, a provision for credit loss is reported under “Provisions b) provision for guarantees issued and commitments”. Changes in the ECL allowances are recorded in the income statement either under: “Change in impairment on loans and advances and provisions for guarantees, net of reversals” for loans and loan commitments or; “Change in impairment on transferable securities held as financial fixed assets, shares and other variable - yield securities, net of reversals” for debt securities. D Pension funds Under EU Accounting Directives, a 10% corridor approach is adopted, whereby prior year cumulative actuarial surpluses or deficits in excess of 10% of the commitments for retirement benefits are recognised over the expected average remaining service lives of the plan’s participants. Under IFRS, the Group applies IAS 19 revised for determining the income or expense related to its post-employment defined benefit plans. Cumulative actuarial surpluses and deficits are recognised in full in “Other comprehensive income” under “Additional reserves”. Adjustments to staff cost are recognised under “General administrative expenses”. E Non-controlling interest adjustment The Bank and the European Investment Fund (“the EIF”) together are defined as the Group. The EIB granted a put option to the minority shareholders on their entire holding of its subsidiary, the EIF. Under EU Accounting Directives, the non-controlling interest is recorded in a separate line in the consolidated balance sheet. The put option is recorded in the off-balance sheet of the Group. Under IFRS, non-controlling interest is recorded under caption “Other liabilities” and adjusted to reflect the fair value of the put option. F Fee and commission income The Group recognises under EU Accounting Directives and under IFRS fee and commission income from revenues that are satisfied over time on an accrual basis over the service period. Fee and commission income earned from providing or fulfilling point-in-time services (e.g. performance-linked) is recognised when the service has been completed. Since 2018, the Group has established for certain mandates an updated deferred income mechanism in order to ensure a smoother recognition of the revenue in line with the services/costs incurred for the whole duration of the mandate. While the deferral mechanism was only applied prospectively under EU Accounting Directives for the first time application, the Group used the modified retrospective approach under IFRS, i.e. recognising the cumulative impact at transition in equity. This has created a different deferred amount to be amortised to the profit or loss account from 2018 onwards for this stock of mandates which has been impacted.

G Leases Under EU Accounting Directives, the rental charges are recorded under “General administrative expenses b) other administrative expenses”. The Group previously classified leases as operating leases based on its assessment of whether the lease transferred the risks and rewards incidental to ownership of the underlying asset to the Group. With the application of IFRS 16, the Group recognises on-balance sheet the right-of-use assets and lease liabilities for contracts that were previously identified as leases applying IAS 17 and IFRIC 4, except for those that are covered by the recognition exemptions (short-term leased assets and low value leased assets based on their original value, when new). The Group has applied IFRS 16 starting January 1, 2019 using the retrospective approach with cumulative effect of initially applying the Standard recognised at the date of initial application by equalling the right-of-use assets to the lease liability. No adjustment was recognised on retained earnings, as no prepayment or accrued lease payment, relating to those lease were recognised in the statement of financial position immediately before the date of initial application. The above-mentioned right-of-use assets was recognised under “Property, furniture and equipment” and corresponding lease liability was recognised in “Other liabilities”. For subsequent measurement the Group carries the right-of-use asset applying a cost model, depreciating the right-of-use asset from the commencement date to the end of the lease agreements and assessing for any impairment, on an annual basis. The lease liability carrying amount is adjusted to reflect the lease payments made and interest from unwind of lease liability, with further re-measurements to reflect any reassessment or lease modifications. H Financial Guarantee Contracts Under EU Accounting Directives, any unrealised gains resulting from financial guarantee contracts remain unrecognised in line with the prudence principle. Under IFRS, any unrealised gains resulting from financial guarantee contracts are recognised on the balance sheet under “Other assets” and in the income statement under “Change in impairment on loans and advances and provisions on guarantees, net of reversals”.

EIB GROUP CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ^‘000) ASSETS 30.06.2019 (Unaudited) 31.12.2018 1. Cash in hand, balances with central banks and post office banks 77 751 141 830 2. Treasury bills and other bills eligible for refinancing with central banks 33 553 397 33 781 528 3. Loans and advances to credit institutions a) repayable on demand 1 019 035 944 701 b) other loans and advances 53 431 139 51 394 248 c) loans 113 041 257 115 700 899 d) value adjustments - 51 180 - 73 705 167 440 251 167 966 143 4. Loans and advances to customers a) other loans and advances 120 000 452 890 b) loans 316 143 097 314 980 169 c) value adjustments - 449 453 - 456 469 315 813 644 314 976 590 5. Debt securities including fixed-income securities a) issued by public bodies 3 873 571 3 876 481 b) issued by other borrowers 8 132 304 12 380 350 12 005 875 16 256 831 6. Shares and other variable-yield securities 7 082 395 6 269 704 7. Participating interests 301 384 271 111 8. Intangible assets 25 573 23 798 9. Tangible assets 248 897 256 568 10. Other assets 56 542 74 885 11. Prepayments and accrued income 16 223 689 17 267 486 TOTAL ASSETS 552 829 398 557 286 474 LIABILITIES 30.06.2019 (Unaudited) 31.12.2018 1. Amounts owed to credit Institutions a) repayable on demand 5 405 680 4 122 978 b) with agreed maturity or periods of notice 2 245 521 93 390 7 651 201 4 216 368 2. Amounts owed to customers a) repayable on demand 1 757 656 1 791 083 b) with agreed maturity or periods of notice 15 580 10 976 1 773 236 1 802 059 3. Debts evidenced by certificates a) debt securities in issue 433 793 334 441 703 219 b) others 12 942 892 13 680 627 446 736 226 455 383 846 4. Other liabilities 877 663 863 847 5. Accruals and deferred income 18 527 835 19 272 180 6. Provisions a) pension plans and health insurance scheme 3 246 418 3 081 729 b) provision in respect of guarantee operations 22 650 30 014 3 269 068 3 111 743 7. Subscribed capital a) subscribed 243 284 155 243 284 155 b) uncalled - 221 585 020 - 221 585 020 21 699 135 21 699 135 8. Reserves a) reserve fund 24 328 415 24 328 415 b) additional reserves 12 797 987 10 995 618 c) special activities reserve 10 777 675 9 626 707 d) general loan reserve 2 170 177 2 736 047 50 074 254 47 686 787 9. Profit for the financial period 1 339 389 2 392 824 10. Equity attributable to minority interest 881 391 857 685 TOTAL LIABILITIES 552 829 398 557 286 474

CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 1. Interest receivable and similar income 14 541 139 13 484 356 24 729 733 2. Interest payable and similar charges - 13 022 425 - 11 875 851 - 21 538 862 3. Income from securities 148 721 179 222 421 381 4. Commissions receivable 243 515 170 023 361 557 5. Commissions payable - 103 293 - 73 587 - 180 975 6. Net result on financial operations 113 602 - 18 076 - 91 206 7. Other operating income 300 1 905 7 305 8. General administrative expenses a) staff costs - 422 463 - 421 228 - 849 774 b) other administrative expenses - 105 664 - 89 004 - 283 921 - 528 127 - 510 232 -1 133 695 9. Value adjustments in respect of intangible and tangible assets a) tangible assets - 12 894 - 12 770 - 30 526 b) intangible assets - 4 854 - 2 767 - 12 347 - 17 748 - 15 537 - 42 873 10. Value (re-)adjustments in respect of transferable securities held as financial fixed assets and participating interests - 333 - 443 - 9 270 11. Value (re-)adjustments in respect of loans and advances and provisions for contingent liabilities - 24 265 - 145 613 - 111 712 12. Profit for the financial period 1 351 086 1 196 167 2 411 383 13. Profit attributable to minority interest 11 697 12 020 18 559 14. Profit attributable to the equity holders of the Bank 1 339 389 1 184 147 2 392 824

CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 A. Cash flows from operating activities: Profit for the financial period 1 351 086 1 196 167 2 411 383 Adjustments for: Value (re-)adjustments in respect of loans and advances and provisions for contingent liabilities 44 471 145 613 111 712 Change in value adjustments in respect of transferable securities held as financial fixed assets and participating interests 333 443 9 270 Value adjustments in respect of tangible and intangible assets, net result on sale of tangible assets 17 748 15 537 42 873 Value (re-)adjustments in respect of shares and other variable-yield securities - 69 779 7 138 - 3 559 Net interest income - 1 518 714 - 1 608 505 - 3 190 871 Effect of exchange rate changes 1 517 587 41 699 - 4 919 Profit/(loss) on operating activities 1 342 732 - 201 908 - 624 111 Disbursements of loans and advances to credit institutions and customers - 19 118 212 - 21 333 382 - 46 720 967 Repayments of loans and advances to credit institutions and customers 19 494 118 25 263 639 50 762 627 Change in deposits with central banks 64 078 - 25 811 20 650 Change in treasury portfolios 5 877 460 699 754 - 1 081 452 Change in amounts owed to credit institutions and customers 3 406 010 - 438 828 - 923 815 Change in provisions on pension plans and health insurance scheme 164 689 138 787 315 591 Change in provisions for guarantees issued in respect of loans granted by third parties - 7 364 0 - 25 359 Change in short term treasury derivative valuations 8 776 - 8 235 - 6 707 Change in other assets and other liabilities 23 383 - 90 006 194 262 Change in prepayments and accrued income and in accruals and deferred income 1 005 021 - 63 868 1 582 123 Interest received 11 914 892 10 214 649 22 505 276 Interest paid - 10 494 212 - 9 173 530 - 20 056 165 Net cash used from/(used in) operating activities 13 681 371 4 981 261 5 941 953 B. Cash flows from investing activities: Securities in Long Term Hedge Portfolio purchased during the period - 720 000 0 - 524 088 Securities from Long Term Hedge Portfolio matured during the period 65 000 16 800 16 800 Purchase of loan substitutes and ABS portfolio EIF included in the debt securities portfolios - 1 573 620 - 1 452 143 - 3 709 716 Redemption of loan substitutes and ABS portfolio EIF included in the debt securities portfolios 1 822 838 1 365 630 3 081 888 Additions on shares and other variable-yield securities - 1 208 640 - 1 104 923 - 2 188 620 Reflows on shares and other variable-yield securities 465 728 457 056 958 265 Additions on participating interests - 35 662 - 37 403 - 75 735 Reflows on participating interests 3 823 22 601 58 807 Purchase of tangible and intangible assets - 12 512 - 14 212 - 36 637 Disposal of tangible and intangible assets 661 0 0 Net cash used from/(used in) investing activities -1 192 384 - 746 594 - 2 419 036 C. Cash flows from financing activities: Issuance of debts evidenced by certificates 79 372 788 66 147 395 102 838 534 Redemption of debts evidenced by certificates - 90 600 448 - 56 960 612 - 100 519 723 Member States’ contribution 0 25 983 25 983 Purchase of EIF shares 0 - 4 758 - 4 758 Sale of EIF shares 0 0 1 298 Return on capital EUMPF 0 22 405 33 923 Dividend paid to EIF minority shareholders - 4 331 - 4 519 - 4 519 Net cash used from/(used in) financing activities -11231991 9 225 894 2 370 738 Summary statement of cash flows: Cash and cash equivalents at beginning of financial period 58 342 332 51 760 118 51 760 118 Net cash used from/(used in): Operating activities 13 681 371 4 981 261 5 941 953 Investing activities - 1 192 384 - 746 594 - 2 419 036 Financing activities - 11 231 991 9 225 894 2 370 738 Effects of exchange rate changes on cash held 262 730 328 683 688 559 Cash and cash equivalents at end of financial period 59 862 058 65 549 362 58 342 332 Cash and cash equivalents are composed of: Cash in hand, balances with central banks and post office banks, excluding deposits with Central Bank of Luxembourg to cover minimum reserve requirement 31 41 32 Money market securities maturing within three months of issue 10 476 459 18 208 567 9 575 785 Loans and advances to credit institutions and customers: Repayable on demand 1 019 035 2 688 198 944 701 Other loans and advances 48 366 533 44 652 556 47 821 814 59 862 058 65 549 362 58 342 332

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS UNDER EU ACCOUNTING DIRECTIVES NOTE A Basis of presentation The unaudited condensed consolidated financial statements of the European Investment Bank (the “Bank”) as at June 30, 2019 do not include all of the information and footnotes required for complete financial statements. In the opinion of management, all adjustments, normal recurring accruals and value adjustments of financial assets considered necessary for a fair presentation have been recorded. The profit for the six-month period ended June 30, 2019 is not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The audited consolidated financial statements as at and for the year ended December 31, 2018 were prepared in accordance with the general principles of the Directive 86/635/EEC of the Council of the European Communities of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions, as amended by Directive 2001/65/EC of 27 September 2001, by Directive 2003/51/EC of 18 June 2003 and by Directive 2006/46/EC of 14 June 2006. The unaudited condensed consolidated financial statements as at and for the period ended June 30, 2019 are based on the same principles. For further information, refer to the consolidated financial statements and footnotes thereto included in the Bank’s annual report for the year ended December 31, 2018. NOTE B Summary statement of loans (in EUR '000) Analysis of aggregate loans granted (before specific provisions) as at 30 June 2019 To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 113 041 257 316 143 097 429 184 354 - Undisbursed portion 23 463 307 77 684 897 101 148 204 Aggregate loans granted 136 504 564 393 827 994 530 332 558 Analysis of aggregate loans granted (before specific provisions) as at 31 December 2018 To intermediary credit institutions Directly to final beneficiaries Total To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 115 700 899 314 980 169 430 681 068 - Undisbursed portion 24 719 169 80 850 579 105 569 748 Aggregate loans granted 140 420 068 395 830 748 536 250 816 20 │ Analytical report as at 30 June 2019

At the end of June 2019 and December 2018, the stake of the United Kingdom in the subscribed capital of the Bank amounted to EUR 39.2bn, out of which EUR 3.5bn have been paid-in. The disbursed exposure on borrowers located in the United Kingdom through the Group’s lending activities, including guarantees, amounted to EUR 37.5bn as at June 30, 2019 (December 31, 2018: EUR 37.7bn), while the exposure on foreign borrowers with a guarantor from the United Kingdom amounted to EUR 1.3bn (December 31, 2018: EUR 1.3bn). The Group had no direct exposure to the United Kingdom acting as borrower at the end of June 2019 nor at the end of December 2018, whereas disbursed loans guaranteed by the United Kingdom amounted to EUR 2.1bn as at June 30, 2019 (December 31, 2018: EUR 2.1bn). The Bank will provide further updates on the subject as developments necessitate. Analytical report as at 30 June 2019 │ 21

NOTE C Debts evidenced by certificates (in EUR '000) PAYABLE IN OUTSTANDING AT 30.06.2019 (UNAUDITED) AVERAGE RATE (*) 30.06.2019 (UNAUDITED DUE DATES (UNAUDITED OUTSTANDING AT 31.12.2018 AVERAGE RATE (*) 31.12.2018 EUR 244155 747 1.77 2019/2057 242 302 683 1.88 USO 112 303 135 2.21 2019/2058 118 381 750 2.14 GBP 40 738 954 2.70 2019/2054 45 514 776 2.67 AUD 11 542 649 4.33 2019/2042 11 158 821 4.40 CHF 5 656 191 2.04 2019/2036 6 543 349 2.10 SEK 5 534 255 2.37 2020/2040 5 871 397 2.45 NOK 5 324 537 1.96 2020/2037 4 092 659 1.97 PLN 4 532 191 2.42 2021/2029 3 605 803 2.38 CAD 4 283 375 2.09 2020/2045 4 753 954 2.10 JPY 3 380 881 1.10 2019/2053 3 768 843 1.02 ZAR 3 264 085 7.75 2019/2032 3 059 007 7.66 TRY 2 662 048 8.91 2019/2027 2 937 200 8.94 MXN 1 798 800 5.65 2020/2027 1 689 482 5.63 CZK 344 773 2.44 2021/2034 379 935 2.57 MXN 1 798 800 5.65 2020/2027 1 689 482 5.63 CZK 344 773 2.44 2021/2034 379 935 2.57 NZD 334 294 278 2019/2023 469 043 3.37 HUF 278 920 0.23 2020/2021 281 014 0.18 RUB 258 389 6.71 2019/2022 213 259 6.71 DKK 123 821 3.46 2024/2026 123 760 3.46 HKD 117 210 2.47 2019/2021 116 152 2.47 CNY 63 951 3.88 2020/2020 63 491 3.88 RON 38 020 2.87 2020/2020 57 468 2.66 TOTAL 446 736 226 455 383 846 (*) Weighted average interest rates at the balance sheet date The principal and interest of certain structured borrowings are index linked to stock exchange indexes (historical value: EUR 500m at June 30, 2019 and EUR 500m in 2018). All such borrowings are hedged in full through structured swap operations. NOTE D Commitment to purchase the remaining European Investment Fund (“EIF”) shares at a fixed price As at June 30, 2019, the Bank holds 58.64% of the EIF’s subscribed capital (58.64% as at December 31, 2018). Under the terms of the Replacement Share Purchase Undertaking, the Bank is offering to buy the remaining subscribed shares from the EIF’s other shareholders for a price of EUR 440,124.21 per share as at June 30, 2019. The latter corresponds to the part of each share in the called capital of EIF, increased by the share premium account, the statutory reserves, the retained earnings, the fair value reserve and the profit of the year, adjusted by the dividend of the year. The agreed formula is being applied to the approved and audited annual accounts of the EIF for the financial year in which the option is exercised. 22 │Analytical report as at 30 June 2019

Note E Commitments, contingent liabilities and other memorandum items (in EUR '000) 30.06.2019 (Unaudited) 31.12.2018 Commitments: - Undisbursed loans - credit institutions 23 463 307 24 719 169 - customers 77 684 897 80 850 579 101 148 204 105 569 748 -Undisbursed shares and other variable-yield securities - Undisbursed venture capital operations 4 920 165 5 095 491 - Undisbursed investment funds 3 187 210 3 362 284 - EBRD capital uncalled 712 630 712 630 8 820 005 9 170 405 - Undisbursed participating interests - Undisbursed venture capital operations 612 682 604 438 612 682 604 438 - Securities receivable 1 051 006 0 - Borrowings launched but not yet settled 739 041 223 950 - Undisbursed loans substitutes 180 000 280 000 Contingent liabilities and guarantees: - In respect of loans granted by third parties 18 223 550 18 474 262 Asset held on behalf of third parties: - Investment Facility – Cotonou 3 189 995 3 127 175 - Guarantee Fund 2 621 199 2 609 882 - NER300 2 070 957 2 054 336 - InnovFin 1 114 638 1 106 574 - RSFF (incl. RSI) 733 905 731 064 - CEF (incl. former PBI and LGTT) 610 154 597 955 - JESSICA (Holding Funds) 597 940 599 248 - EU-Africa Infrastructure Trust Fund 571 345 562 833 - Funds of Funds (JESSICA II) 543 022 517 813 - COSME LGF & EFG 369 724 332 095 - ESIF 349 067 351 494 - JEREMIE 335 726 306 750 - GF Greece 310 690 309 927 - SME initiative Romania 247 462 248 863 - Special Section 236 975 256 308 - SME initiative Italy 173 221 176 399 - MAP Equity 127 136 138 516 - ENPI 120 482 138 635 -Partnership Platform for Funds 111 909 91 053 - DCFTA 103 017 108 949 - SME initiative Bulgaria 97 710 100 127 - SMEG 2007 77 809 82 721 - AECID 74 214 71 440 - SME initiative Finland 72 860 74 350 - EaSI 71 992 72 087 - InnovFin SME Guarantee 70 874 145 374 - GIF 2007 69 702 68 150 - REG 57 983 36 000 - WB EDIF 51 275 55 196 - NPI Securitisation Initiative (ENSI) 48 604 52 690 - NIF Trust Fund 44 857 44 857 - SME initiative Malta 41 115 20 654 - GAGF 40 377 41 024 - IPA II 36 573 10 534 - HIPC 35 363 35 378 - Private Finance for Energy Efficiency Instrument 34 187 34 467 Analytical report as at 30 June 2019 │ 23

Note E Commitments, contingent liabilities and other memorandum items (in EUR '000) (continued) 30.06.209 (Unaudited) 31.12.2018 Assets held on behalf of third panies (Continued): - MAP guarantee 32 226 32 189 - Cultural Creative Sectors Guarantee Facility 30 829 28 266 - lnnovFin Equity 29 072 23 667 - NIF Risk Capital Facility 23 987 23 720 - EPTA Trust Fund 19 745 21 713 - AGRI 17 580 17 711 - Student Loan Guarantee Facility 13 672 13 914 - NPI 13 624 14 779 - Natural Capital Financing Facility 11 445 11 574 - EFSI-EIAH 8 662 16 674 - BIF 6 969 4 723 - SME Guarantee Facility 5 867 6 653 - Bundesministerium fur Wirtschaft und Technologie 4 646 7 758 - PGFF 4 553 6 660 - Central Europe FoF 4 115 2 050 - GEEREF 3 878 19 779 - Alp GIP 3 600 1 814 - SME initiative Spain 2 228 2 796 - EPPA 2 075 1 968 - LFA-EIF Facility 1 135 479 - GEEREF Technical Support Facility 736 801 - TTA Turkey 499 499 - European Technology Facility 338 5 662 - TTP 229 248 - ROI Advisory 224 2 847 - MDD 112 403 - EFSI Private Credit Programme 99 0 - G43 Trust Fund 31 0 - GGF 12 12 - JASPERS 0 1 720 15 737 212 15 625 920 Other items: - Nominal value of interest-rate swaps incl. commitment 540 792 970 535 680 055 - Nominal value of currency swap contracts payable 208 576 653 211 111 136 - Nominal value of currency swap contracts receivable 208 222 240 210 865 395 - Nominal value of short-term currency swap contracts payable 30 244 123 41 088 252 - Nominal value of short-term currency swap contracts receivable 30 053 743 41 160 710 - Put option granted to EIF minority shareholders 819 071 816 824 - Currency forwards 658 273 539 296 - Currency swaps launched but not yet settled receivable 288 489 0 - Currency swaps launched but not yet settled payable 288 474 0 - Future contracts 35 200 0 - Special deposits for servicing borrowings 22142 7 135 24 │ Analytical report as at 30 June 2019

EIB BALANCE SHEET AS AT JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) ASSETS 30.06.2019 (Unaudited) 31.12.2018 1. Cash in hand, balances with central banks and post office banks 77 751 141 830 2. Treasury bills and other bills eligible for refinancing with central banks 35 511 692 32 671 192 3. Loans and advances to credit institutions a) repayable on demand 829 441 709 023 b) other loans and advances 53 345 901 51 302 834 c) loans 113 036 349 115 696 071 d) value adjustments - 51 180 - 73 705 167 160 511 167 634 223 4. Loans and advances to customers a) other loans and advances 120 000 452 890 b) loans 316 143 097 314 980 169 c) value adjustments - 449 453 - 456 469 315 813 644 314 976 590 5. Debt securities including fixed-income securities a) issued by public bodies 3 873 571 3 876 481 b) issued by other borrowers 7 706 598 12 078 666 11 580 169 15 955 147 6. Shares and other variable-yield securities 6 619 174 5 872 615 7. Participating interests 278 265 248 918 8. Shares in affiliated undertakings 806 572 806 572 9. Intangible assets 25 573 23 798 10. Tangible assets 25 573 23 798 11. Other assets 56 093 69 232 12. Prepayments and accrued Income 16 078 392 17 136 543 Total ASSETS 551 256 376 555 792 849 LIABILITIES 30.06.2019 (Unaudited) 1. Amounts owed to credit institutions a) repayable on demand 5 405 680 4 122 978 b) with agreed maturity or periods of notice 2 245 521 93 390 7 651 201 2. Amounts owed to customers a) repayable on demand 1 758 232 1 791 001 b) with agreed maturity or periods of notice 15 580 10 976 1 773 812 3. Debts evidenced by certificates a) debt securities in issue 433 793 334 441 703 219 b) others 12 942 892 13 680 627 446 736 226 4. Other liabilities 1 005 784 5. Accruals and deferred income 18 401 421 6. Provisions a) pension plans and health insurance scheme 3 049 379 2 903 610 b) provision in respect of guarantee operations 9 820 17 143 3 059 199 7. Subscribed capital a) subscribed 243 284 155 243 284 155 b) uncalled -221 585 020 -221 585 020 21 699 135 8. Reserves a) reserve fund 24 328 415 243 284 155 b) additional reserves 12 349 294 10 595 340 c) special activities reserve 24 328 415 24 328 415 d) general loan reserve 2 170 177 2 736 047 49 625 561 9. Profit for the financial period 1 304 037 Total LIABILITIES 551 256 376 Analytical report as at 30 June 2019 │ 25

EIB OFF BALANCE SHEET AS AT JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) 30.06.2019 31.12.2018 Commitments - EIF capital uncalled 2 111 200 2 111 200 - Undisbursed loans - credit institutions 23 461 104 24 716 642 - customers 77 684 897 80 850 579 101 146 001 105 567 221 -Undisbursed shares and other variable-yield securities - Undisbursed venture capital operations 4 366 460 4 568 044 - Undisbursed investment funds 3 187 210 3 362 284 - EBRD capital uncalled 712 630 712 630 8 266 300 8 642 958 -Undispersed participating interest - Undisbursed venture capital operations 563 815 564 274 - Securities receivable 1 051 006 0 - Borrowings launched but not yet settled 739 041 223 950 - Undisbursed loans substitutes 180 000 280 000 Contingent liabilities and guarantees: - In respect of loans granted by third parties 9 004 653 9 937 563 Assets held on behalf of third parties: - Investment Facility – Cotonou 3 189 995 3 127 175 - Guarantee Fund 2 621 199 2 609 882 - NER300 2 070 957 2 054 336 - EIF 1226 161 1 220 176 - InnovFin 1 114 328 1 106 574 - RSFF (incl. RSI) 733 905 731 064 - CEF (incl. former PBI and LGTT) 610 154 597955 - JESSICA (Holding Funds) 587 940 599 248 - EU-Africa Infrastructure Trust Fund 571 345 562 833 - Funds of Funds (JESSICA I) 543 022 517 813 - GF Greece 310 690 309 927 - Special Section 236 975 256 308 - ENPI 120 482 138 635 - Partnership Platform for Funds 111 909 91 053 - AECID 74 214 71 440 - DCFTA 53 075 56 009 - NIF Trust Fund 44 857 44 857 - FEMP Trust Fund 40 965 43 923 - IPA II 36 573 10 534 - HIPC 35 363 35 378 - Private Finance for Energy Efficiency Instrument 34 187 34 467 - NIF Risk Capital Facility 23 987 23 720 - EPTA Trust fund 19 745 21 713 - Natural Capital Financing Facility 11 445 11 574 - EFSI-EIAH 8 662 16 674 - RDI Advisory 224 2 847 - JASPERS 0 1720 14 432 669 14 297 835 26 │ Analytical report as at 30 June 2019

EIB OFF BALANCE SHEET AS AT JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) (continued) 30.06.2019 (Unaudited) 31.12.2018 Other items: - Nominal value of interest-rate swaps incl. commitment 540 792 970 535 680 055 - Nominal value of currency swap contracts payable 208 576 653 211 111 136 - Nominal value of currency swap contracts receivable 208 222 240 210 865 395 - Nominal value of short-term currency swap contracts payable 30 244 123 41 088 252 - Nominal value of short-term currency swap contracts receivable 30 053 743 41 160 710 - Put option granted to EIF minority shareholders 819 071 816 824 - Currency forwards 658 273 539 296 - Currency swaps launched but not yet settled receivable 288 489 0 - Currency swaps launched but not yet settled payable 288 474 0 - Future contracts 35 200 0 - Special deposits for servicing borrowings 22 142 7 135 Analytical report as at 30 June 2019 │ 27

EIB PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) H1 2019 H1 2018 2018 1. Interest receivable and similar income 14 531 701 13 472 005 24 705 916 2. Interest payable and similar charges - 13 017 211 - 11 877 750 -21 538 269 3. Income from securities a) income from shares and other variable-yield securities 136 385 164 660 387 405 b) income from shares in affiliated undertakings 6 140 6 576 6 715 142 525 171 236 394 120 4. Commissions receivable 129 227 101 747 249 706 5. Commissions payable - 138 023 - 97254 - 240 919 6. Net result on financial operations 114 35 - 97 254 - 240 919 7. other operating income 5 132 7 870 17 917 8. General administrative expenses a) staff costs - 375 255 - 362 708 - 748 077 b) other administrative expenses - 96 777 -88 689 - 254 375 - 472 032 -451 397 1 002 452 9. Value adjustments in respect of tangible and intangible assets a) tangible assets - 12 871 - 12 735 - 30 467 b) intangible assets - 4 854 - 2 767 - 12 437 - 17 725 - 15 502 - 42 814 10. Value (re-) adjustments in respect of transferable securities held as financial fixed assets, participating interests and shares in affiliated undertakings - 236 - 443 - 8 722 11. Value re-)adjustments in respect of loans and advances and provisions for contingent liabilities 26 383 - 136 780 - 137 101 12. Profit for the financial period 1 304 037 1 155 705 2 339 052 28 │ Analytical report as at 30 June 2019

CASH FLOW STATEMENT FOR THE PERIOD ENDED JUNE 30, 2019 UNDER EU ACCOUNTING DIRECTIVES (in EUR ‘000) H1 2019 (Unaudited) H1 2018 (Unaudited) 2018 A. Cash flows from operating activities: Profit for the financial period 1 304 037 1 155 705 2 339 052 Adjustments for: Value (re-)adjustments in respect of loans and advances and provisions for contingent liabilities - 6 177 136 780 137 101 Value adjustments in respect of tangible and intangible assets 17 725 15 502 42 814 Value (re-)adjustments in respect of shares, other variable-yield securities and participating interests - 77 321 5 059 1 800 Net interest income - 1 514 490 - 1 594 255 - 3 167 647 Effect of exchange rate changes 1 473 694 36 797 - 5 180 Profit/(loss) on operating activities 1 197 468 - 244 414 - 652 060 Disbursements of loans and advances to credit institutions and customers - 19 111 926 -21 017 604 -46 725 519 Repayments of loans and advances to credit institutions and customers 19 494 118 24 946 717 50 692 010 Change in deposits with central banks 64 078 - 25 811 20 650 Change in treasury portfolios 5 884 302 677 366 -1 105 370 Change in amounts owed to credit institutions and customers 3 406 668 - 438 421 - 923 920 Change in provisions on pension plans and health insurance scheme 145 769 140 194 283 463 Change in provisions for guarantees issued in respect of loans granted by third parties - 7 323 0 611 Change in short term treasury derivative valuations 8 776 - 8 235 0 6 707 Change in other assets and other liabilities 41 997 - 51 422 106 402 Change in prepayments and accrued income and in accruals and deferred income 1 005 021 - 63 868 1 582 123 Interest received 11 954 600 10 207 559 22 533 125 Interest paid - 10 493 989 -9 173 530 -20 055 572 Net cash used from (used in) operating activities 13 589 559 4 948 531 5 749 236 B. Cash flows from investing activities: Purchase of EIF shares 0 - 4 758 - 4 758 Sale of EIF shares 0 0 1 298 Reflows of EUMPF 0 22 405 33 923 Securities in Long Term Hedge Portfolio purchased during the period - 720 000 0 - 524 088 Securities from Long Term Hedge Portfolio matured during the period 65 000 16 800 16 800 Purchase of loan substitutes included in the debt securities portfolios - 1 498 620 - 1 452 143 - 3 637 981 Redemption of loan substitutes included in the debt securities portfolios 1 797 388 1 317 847 3 010 924 Additions on shares and other variable-yield securities - 1 111 980 - 1 042 287 - 2 032 608 Reflows on shares and other variable-yield securities 443 241 424 732 882 637 Additions on participating interests 32 967 -35 223 -70 362 Reflows on participating interests 3 384 19 376 51 208 Purchase and disposals of tangible and intangible assets - 11 851 - 13 773 - 36 637 Net cash used from/(used in) investing activities - 1 067 405 - 747 024 - 2 309 644 C. Cash flows from financing activities: Issuance of debts evidenced by certificates 79 372 788 66 147 395 102 838 534 Redemption of debts evidenced by certificates - 90 600 448 - 56 960 612 - 100 519 723 Member States’ contribution 0 25 983 25 983 Net cash used from/(used in) financing activities - 11 227 660 9 212 766 2 344 794 Summary statement of cash flows: Cash and cash equivalents at beginning of financial period 57 923 146 51 450 201 51 450 201 Net cash used from/(used in): Operating activities 13 589 559 4 948 5331 5 749 236 Investing activities - 1 067 405 - 747 024 - 2 309 644 Financing activities - 11 227 660 9 212 766 2 344 794 Effect of exchange rate changes on cash held 262 730 328 684 688 559 Cash and cash equivalents at end of financial period 59 480 370 65 193 158 57 923 146 Cash and cash equivalents are composed of: Cash in hand, balances with central banks and post office banks, excluding deposits with Central Bank of Luxembourg to cover minimum reserve requirement 31 41 32 Money market securities maturing within three months of issue 10 363 459 18 208 567 9 477 609 Loans and advances to credit institutions and customers: Repayable on demand 829 441 2 452 709 709 023 Other loans and advances 48 287 439 44 531 841 47 736 482 59 480 370 65 193 158 57 923 146 Analytical report as at 30 June 2019 │ 29

NOTES TO THE UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS UNDER EU ACCOUNTING DIRECTIVES NOTE A Basis of presentation The unaudited condensed financial statements of the European Investment Bank (the “Bank”) as at June 30, 2019 do not include all of the information and footnotes required for complete financial statements. In the opinion of management, all adjustments, normal recurring accruals and value adjustments of financial assets considered necessary for a fair presentation have been recorded. The profit for the six-month period ended June 30, 2019 is not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The audited financial statements as at and for the year ended December 31, 2018 were prepared in accordance with the general principles of the Directive 86/635/EEC of the Council of the European Communities of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions, as amended by Directive 2001/65/EC of 27 September 2001, by Directive 2003/51/EC of 18 June 2003 and by Directive 2006/46/EC of 14 June 2006. The unaudited condensed financial statements as at and for the period ended June 30, 2019 are based on the same principles. For further information, refer to the unconsolidated financial statements and footnotes thereto included in the Bank’s annual report for the year ended December 31, 2018. NOTE B Summary statement of loans (in EUR '000) Analysis of aggregate loans granted (before specific provisions) as at 30 June 2019 To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 113 036 349 316 143 097 429 179 446 - Undisbursed portion 23 461 104 77 684 897 101 146 001 Aggregate loans granted 136 497 453 393 827 994 530 325 447 Analysis of aggregate loans granted (before specific provisions) as at 31 December 2018 To intermediary credit institutions Directly to final beneficiaries Total - Disbursed portion 115 696 071 314 980 169 430 676 240 - Undisbursed portion 24 716 642 80 850 579 105 567 221 Aggregate loans granted 140 412 713 395 830 748 536 243 461 At the end of June 2019 and December 2018, the stake of the United Kingdom in the subscribed capital of the Bank amounted to EUR 39.2bn, out of which EUR 3.5bn have been paid-in. The disbursed exposure on borrowers located in the United Kingdom through the EIB’s lending activities, including guarantees, amounted to EUR 37.2bn as at June 30, 2019 (December 31, 2018: EUR 37.4bn), while the exposure on foreign borrowers with a guarantor from the United Kingdom amounted to EUR 1.3bn (December 31, 2018: EUR 1.3bn). The Bank had no direct exposure to the United Kingdom acting as borrower at the end of June 2019 nor at the end of December 2018, whereas disbursed loans guaranteed by the United Kingdom amounted to EUR 2.1bn as at June 30, 2019 (December 31, 2018: EUR 2.1bn). The Bank will provide further updates on the subject as developments necessitate. 30 │ Analytical report as at 30 June 2019

NOTE C Shares in affiliated undertakings C.1 The European Investment Fund The capital paid in by the Bank in respect of its subscription (EUR’000 2,642,000) to the capital of the European Investment Fund (“EIF”), with its registered office in Luxembourg, amounts to EUR’000 806,572 as at June 30, 2019 (2018: EUR’000 806,572). As at June 30, 2019, the Bank holds 58.64% of the EIF’s subscribed capital (58.64% as at December 31, 2018). Commitment to purchase the remaining EIF shares at a fixed price Under the terms of the Replacement Share Purchase Undertaking, the Bank is offering to buy the remaining subscribed shares from the EIF’s other shareholders for a price of EUR 440,124.21 per share as at June 30, 2019. The latter corresponds to the part of each share in the called capital of EIF, increased by the share premium account, the statutory reserves, the retained earnings, the fair value reserve and the profit of the year, adjusted by the dividend of the year. The agreed formula is being applied to the approved and audited annual accounts of the EIF for the financial year in which the option is exercised. C.2 The EU Microfinance Platform FCP FIS The EU Microfinance Platform FCP-FIS (“EUMPF”) is structured as a Luxembourg “fonds commun de placement – fonds d’investissement spécialisé” governed by the “Law of 13 February 2007” relating to specialised investment funds (the “2007 Law”) and launched on November 22, 2010. It is established as an umbrella fund, which may have several sub-funds. It has been launched with an unlimited duration provided that the fund will however be automatically put into liquidation upon the termination of a sub-fund if no further sub-fund is active at that time. Currently, the only sub-fund of the EUMPF is the European Progress Microfinance Fund. On September 28, 2018, the remaining Senior Units that were owned by the Bank were fully repaid except one Senior Unit with the value of EUR 1. Since then, EUMPF is no longer considered as an affiliated undertaking. The Bank holds 55.56% (2018: 55.56%) of the voting rights derived from the original total committed units of the EUMPF amounting to EUR 180.0 million (2018: 180.0 million). Analytical report as at 30 June 2019 │ 31

NOTE D Debts evidenced by certificates (in EUR '000) PAYABLE IN OUTSTANDING AT 30.06.2019 (UNAUDITED) AVERAGE RATE (*) 30.06.2019 (UNAUDITED) DUE DATES (UNAUDITED) OUTSTANDING AT 31.12.2018 AVERAGE RATE (*) 31.12.2018 EUR 244 155 747 1.77 2019/2057 242 302 683 1.88 USD 112 303 135 2.21 2019/2058 118 381 750 2.14 GBP 40 738 954 2.70 2019/2054 45 514 776 2.67 AUD 11 542 649 4.33 2019/2042 11 158 821 4.40 CHF 5 656 191 2.04 2019/2036 6 543 349 2.10 SEK 5 534 255 2.37 2020/2040 5 871 397 2.45 NOK 5 324 537 1.96 2020/2037 4 092 659 1.97 PLN 4 532 191 2.42 2021/2029 3 605 803 2.38 CAD 4 283 375 2.09 2020/2045 4 753 954 2.10 JPY 3 380 881 1.10 2019/2053 3 768 843 1.02 ZAR 3 264 085 7.75 2019/2032 3 059 007 7.66 TRY 2 662 048 8.91 2019/2027 2 937 200 8.94 MXN 1 798 800 5.65 2020/2027 1 689 482 5.63 CZK 344 773 2.44 2021/2034 379 935 2.57 NZD 334 294 278 2019/2023 469 043 3.37 HUF 278 920 0.23 2020/2021 281 014 0.18 RUB 258 389 6.71 2019/2022 213 259 6.71 DKK 123 821 3.46 2024/2026 123 760 3.46 HKD 117 210 2.47 2019/2021 116 152 2.47 CNY 63 951 3.88 2020/2020 63 491 3.88 RON 38 020 2.87 2020/2020 57 468 2.66 TOTAL 446 736 226 455 383 846 (*) Weighted average interest rates at the balance sheet date The principal and interest of certain structured borrowings are index linked to stock exchange indexes (historical value: EUR 500m at June 30, 2019 and EUR 500m in 2018). All such borrowings are hedged in full through structured swap operations. 32 │ Analytical report as at 30 June 2019