PRESENTATION material of JBIC

November 2017

Disclaimer

1

DisclaimerThe exchange rate used in this presentation is for your convenience only and may differ from the Japanese yen/U.S. dollar exchange rate,Canadian dollar/U.S. dollar exchange rate, and Sterling Pound/U.S. dollar exchange rate in effect as of the date of this presentation.JBIC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Beforeyou invest, you should read the prospectus in that registration statement and other documents JBIC has filed with the SEC for morecomplete information about JBIC. You may get these documents free of charge by visiting EDGAR on the SEC Website at www.sec.gov.Alternatively, JBIC, any underwriter or any dealer participating on the offering will arrange to send you the prospectus if you require it bycalling J.P. Morgan Securities plc toll-free from the United States at 1-212-834-4533.You can access JBIC’s most recent prospectus satisfying the requirements of Section 10 of the United States Securities Act of 1933, asamended, at the following website:https://www.sec.gov/Archives/edgar/data/1551322/000119312517217853/d405746dsba.htm

Highlights

2

Solid institutional relationship with the Japanese governmentFinancial institution wholly owned by the Japanese government, government authorization required for boardappointment/removal and amendment of the JBIC Act required for any major organizational changes.

Explicit government guaranteeGiven an unconditional and irrevocable guarantee by the Japanese government, JBIC bonds offer the best proxy forJapanese sovereign exposure in non-JPY.

Risk weightUnder the Standardized Approach, 0% in the US & Japan and up to 20% in the EU zone.

Track record of successful issuances and commitment to the marketJBIC has the most transparent USD curve among the Japanese SSA issuers and committed to provide regularliquidity by tapping the market continuously in benchmark size.

Globally established investor relationshipsJBIC has established and maintained its strong relationship with global institutional investors through continuousissuances in the international market.

Table of Contents

3

JBIC Overview1

JBIC Financial Aspects2

JBIC in the Capital Markets3

Japan Overview4

Brief Profile

4

LondonParis

Moscow

DubaiNew Delhi

Beijing

HanoiBangkok● Manila

Singapore

Jakarta

Mexico City

Washington, D.C.New York

Rio de Janeiro

Buenos Aires

Overseas Offices (16 offices)

Brief Profile Akira Kondoh / Governor, CEO

Government-owned financial institution

Japan Bank for International Cooperation (JBIC) is a policy-based financial institution wholly owned by the Japanese government.

Policy-based finance

JBIC provides policy-based finance with a mission of contributing to the sound development of Japan, the international economy and society as a whole.

* Figures as of March 31, 2017※ JPY112.19/USD

Name Japan Bank for International Cooperation (JBIC)

Established Apr 1, 2012

Governor Akira Kondoh

Capital* (100% Government-owned): JPY 1,683bil (USD 15.0bil)

Total Assets* JPY 18,571bil (USD 165.5bil)

Net Assets* JPY 2,507bil (USD 22.3bil)

Number of Employees 575 (JFY2017 budget)

Main Features

5

Under the JBIC Act, the Government of Japan has an obligation to hold 100% capital stock of JBIC at all times.

Full government ownership

Any resolution of appointment or removal of any board member of JBIC takes effect only after authorization by the Minister of Finance of Japan has been granted.

Government involvement in board appointment/removal

Any major organizational change of JBIC, such as dissolution, merger or partition, requires an amendment of the JBIC Act.

No dissolution without further enactment

JBIC’s annual budget requires an approval from the Diet; JBIC is subject to inspection by the Financial Services Agency of Japan; the Minister of Finance has general authority to supervise JBIC.

Governmental supervision

Dec. 1950

Oct. 1999 Oct. 2008

(Domestic Finance Units)

JFCFormer JBIC

April 1, 2012

New JBIC

Mar.1961

JBIC(International Wing)

The Export-ImportBank of Japan（JEXIM）*

Overseas EconomicCooperation Fund, Japan

（OECF）

Establishment of JBIC

6

Micro Business and Individual Unit

Agriculture, Forestry, Fisheries and Food Business Unit

Small and Medium Enterprise (SME) Unit

OECOs

IFOs

JICA

Pursuant to the Japan Bank for International Cooperation Act (the JBIC Act), The Japan Finance Corporation (“JFC”) spun off its International Wing on April 1, 2012. Effective the same date, Japan Bank for International Cooperation (JBIC), a new joint-stockcorporation wholly owned by the Government of Japan, was established.

Japan Finance Corporation for Small and Medium Enterprise

National Life Finance Corporation

Agriculture, Forestry and FisheriesFinance Corporation

All assets and liabilities relating to the former JBIC operation, JFC, including bond obligations, have been assumed by JBIC.

Succession from JFC

* Originally established as “The Export Bank of Japan” and renamed as “JEXIM” in 1952.

Main Missions of JBIC

7

(1) Natural Resources (2) Japanese Industries

JBIC promotes the overseas development andsecurement of resources which are important for Japan.

Supporting the development of natural resources overseas

Assuring the import of natural resources to Japan

As the government’s financial arm to materialize external economic policies of Japan, JBIC contributes to the sound development of Japan and the international economy and society.

JBIC provides support to maintain and improve the international competitiveness of Japanese industries.

Promoting the export of machinery, equipment, marine vessels and other infrastructure

Supporting the foreign direct investment by Japanese industries, including small/medium-sized enterprises (SMEs) and infrastructure sector

Main Missions of JBIC (Cont’d)

8

(3) Global Environment (4) International Financial Order

JBIC promotes the overseas business having the purpose of preserving the global environment, such as preventing global warming.

Promoting renewable energy projects overseas such as wind and geothermal

Supporting energy-saving projects overseas

JBIC plays the role to prevent disruptions to the international financial order or take counter-cyclical measures to stabilize financial market under such disruptions.

Asian financial crisis in 1997-1998

Global financial crisis since 2008

5,00010,00015,00020,00025,00030,00035,00040,00045,000

Export Loans Import Loans Overseas Investment LoansUntied Loans Equity Participations Guarantee

Commitments （JPY hundred million）Asian Currency Crisis Financial Crisis

JBIC Medium-Term Business Plan (JFY2015-2017)

9

Leveraging its organizational capabilities, JBIC aims to contribute to exploring and creating new business opportunities that will lead to the sustainable growth of Japan.

Support Japanese companies’ (1) energy and natural resources business

Support promotion for diversification and advancement of Japanese companies’ overseas (2) infrastructure development

Support the improvement of (3) Japanese industries’ competitive advantage and growth opportunities in the world market

Support overseas business expansion of Japanese (4) mid-tier enterprises and SMEs

Active contribution to preserving the (5) global environment, including measures to mitigate climate change

Key action plans

Business areas to focus on

1) Energy and Natural Resources

2) Infrastructure

3) Manufacturing and other Industries

4) Mid-tier Enterprises and SMEs

5) Environment

Financial Structuring for Business Implementation

Realization of Projects Bankability

Providing Information and Policy Recommendations

Mobilization of Private Sector Finance

Organizational capabilities to be demonstrated

Role of JBIC in the Japan Growth Strategy

10

Japan’s measures for Africa at TICAD VIJapan’s measures for Africa at TICAD VI

Economic Diversification and Industrialization Japan will steadily translate into action in Africa the outcomes of the G7 Ise-

Shima Summit such as “G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment.”

Japan will promote private investments through expanding the amount of Facility African Investment and Trade enhancement (FAITH) by JBIC by USD 2 billion (one year extension of the term).

Japan Revitalization Strategy 2016Japan Revitalization Strategy 2016

Taking in overseas growing markets Supporting small and medium-sized companies expanding their business

overseas Increasing infrastructure exports

– In accordance with the “Expanded Partnership for Quality Infrastructure”, aiming to supply of financial resources approximately $200 billion for the next five years, as well as to improve further relevant measures and to strengthen the institutional capacity and financial grounds of Japan’s relevant organizations including JICA, JBIC, NEXI and JOGMEC. June 2, 2016 Decision at a Cabinet meeting Aug. 27, 2016 Tokyo International Conference on African Development

Expanded Partnership for Quality InfrastructureExpanded Partnership for Quality Infrastructure

Expanding the supply of financial resources towards infrastructure projects Supply of financial resources towards infrastructure projects across the

world, aiming to achieve approximately $200 billion for the next five years– Expand the targeted area from Asia to the whole world (such as Russia,

Africa)– Expand the scope of infrastructure from a narrow sense to a broader

sense, which includes natural resources and energy, and hospital, etc.– The strategy will be executed by pertinent organizations of Japan, such

as JBIC, JICA, NEXI, JOIN, JICT, and JOGMEC, etc.

Strengthening of the institutional capacity and financial grounds of Japan’s relevant organizations Enable to increase the supply of financial resources, strengthen the

financial capacity of JBIC

Economic Measures for Realizing Investment for the FutureEconomic Measures for Realizing Investment for the Future

21st – century – type infrastructure development Support for overseas expansion of infrastructure business etc

– Based on the “Expanded Partnership for Quality Infrastructure”, the government will support Japanese companies’ overseas infrastructure business expansion through making positive use and reinforcing financial grounds of Japan’s relevant organizations, such as JBIC.

Response to risk such as uncertainly due to UK’s exit from the EU and support for small and medium-sized companies as well as local communities Financing support of small and medium-sized companies

– The government will support overseas business expansion by utilizing JBIC’s loan facility to support overseas development

May 23, 2016 Economic Cooperation Infrastructure Strategic Meeting Aug. 2, 2016 Decision at a Cabinet meeting

Overseas Investment Loans

82.4%

Export Loans6.7%

Untied Loans5.1%

Import Loans4.2%

Equity Participation1.5%

Governmental Loans0.2%

JBIC’s Loan Portfolio

11

Financial Instruments Geographical Distribution***

* Includes Equity Participation** Figures as of March 31, 2017*** Basically, classified based on the location of the projects under the JBIC’s definition of regions.※ Assuming JPY112.19/USD※ Due to rounding calculations, charts and tables may not add up to 100%

Loans Outstanding*: USD 130.6 billion**Loans Outstanding*: USD 130.6 billion**

North America17.6%

Latin America and the Caribbean

17.1%

Europe16.2%

Asia15.8%

Oceania14.5%

Middle East13.1%

Africa2.3%

International Organizations, etc.

0.2%

Others3.2%

Table of Contents

12

JBIC Overview1

JBIC Financial Aspects2

JBIC in the Capital Markets3

Japan Overview4

Financial Highlights for JBIC

13※ JFY: April 1- March 31※ JPY112.19/USD

Balance Sheet Statement of Operations

(USD million) (USD million)

JFY2013 JFY2014 JFY2015 JFY2016

Net Business Income 661 857 816 774

Ordinary Income 2,015 2,293 2,139 2,626

Interest Income 1,615 1,720 1,906 2,311

Ordinary Expenses 1,201 1,219 1,758 2,256

Interest Expenses 1,031 1,035 1,103 1,582

Ordinary Profit 814 1,074 381 370

Net Income 814 1,125 381 371

JFY2013 JFY2014 JFY2015 JFY2016

Total Assets (A) 145,700 164,576 156,704 165,538

Loans 112,803 128,647 120,694 127,544

Total Liabilities 124,831 142,645 134,667 143,186

Total Net Assets (B) 20,869 21,932 22,037 22,351

Capital 12,122 12,399 12,399 15,001

Retained Earnings 8,123 8,852 8,665 7,508

Net Assets Ratio (B) / (A) 14.32% 13.33% 14.06% 13.50%

BIS Capital Adequacy Ratio 17.98% 14.47% 16.04% 17.12%

Risk ManagementLoans Ratio 1.97% 1.59% 1.88% 1.67%

78.2 74.7 72.3

94.1

112.8

128.6 120.7

127.5

23.2 24.1 21.2 19.8 24.2 27.2 23.8

29.4

411

469 446

547

661

857 816

774

296

524 468

567

814

1,125

381 371

0

200

400

600

800

1,000

1,200

1,400

0

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016

Outstanding Loans from JBIC (L)

Outstanding Bonds issued by JBIC (L)

Net Business Income (R)

Net Income (R)

Level of Profit and Outstanding Balance

14※ JPY112.19/USD

(USD billion) (USD million)

JFY

72.5% 75.2% 81.7% 84.5% 87.4% 89.1% 91.5%Ratio of Foreign Currency Loansin Outstanding Loans

Table of Contents

15

JBIC Overview1

JBIC Financial Aspects2

JBIC in the Capital Markets3

Japan Overview4

Characteristics of JBIC Bonds

16

Explicit government guarantee

“Japan Sovereign Exposure” in non-JPY currencies

JBIC’s foreign bonds benefit from explicit government guarantees*. Such guarantees are provided unconditionally and irrevocably.

*JBIC Act and the Act Concerning Special Measures with respect to Acceptance of Foreign Capital from International Bank for Reconstruction and Development, etc. constitute the legal basis of government guarantee for JBIC’s foreign bonds.

Issuer and Guarantor Ratings**

Risk Weight: Under the Standardized Approach, 0% in the US & Japan and up to 20% in the EU zone.

JBIC foreign bonds provide an investment opportunity for “Japan Sovereign Exposure” in non-JPY currencies.

** As of August 4, 2017

Issuer (JBIC) Long-term Rating OutlookMoody’s A1 stableStandard & Poor’s A+ stable

Guarantor (Japan) Long-term Rating OutlookMoody’s A1 stableStandard & Poor’s A+ stable

Operational and Financial Plans

17

* Fiscal Investment Loan Program** As amended responding to the 3rd supplementary budget approved on January 31, 2017*** Includes borrowings from the foreign reserve account of the Japanese Government and Government-guaranteed foreign currency long-term borrowing from financial institutions※ USD conversion based on “official rate” for each budget (JFY2016: JPY120/USD, JFY2017: JPY110/USD) ※ Due to rounding calculations, tables may not add up to 100%

JBIC Operational Plan

JBIC Funding Plan

Majority of loans are in foreign currencies

Required to raise funds in foreign currencies by government

guaranteed bonds

Funding budget: approx. USD16 billion

(USD million) JFY2016 Plan** % JFY2017 Plan %

Export Loans 2,462 9% 2,864 12%

Import / Overseas Investment Loans 22,955 84% 19,227 81%

Untied Loans 750 3% 455 2%

Equity Participation 1,000 4% 1,182 5%

Total 27,167 100% 23,727 100%

(USD million) JFY2016 Plan** % JFY2017 Plan %

Borrowing from government (FILP) * 4,725 17% 4,009 17%

Government-guaranteed foreign bonds(5yr≧) 8,333 31% 10,000 42%

Government-guaranteed foreign bonds(5yr<) 2,000 7% 6,000 25%

Domestic bonds 500 2% 545 2%

Capital contribution from government 1,183 4% 773 3%

Miscellaneous 10,425*** 38% 2,400*** 10%

Total 27,167 100% 23,727 100%

28

20

16

14

20

17

18

20

32

22

31

34

26

33

35

44

27

34

34

34

17

22

34

44

27

37

33

37

40

30

32

28

48

30

15

10

15

27

9

31

48

25

26

11

22

6

10

18

19

46

26

31

21

29

34

39

57

33

48

33

7

33

24

31

31

40

39

25

9

2

11

7

5

8

16

7

1

6

9

2

2015.022015.052016.012016.042016.072016.102017.052017.07

2015.052016.042016.072016.102017.052017.07

2017.022017.022017.052017.052017.072017.07

AM Bank CB & OI Ins & Pen & Others

FIX

4236

2515

2211

2319

39

3922

1015

13

23

2039

3917

47

3951

6575

6376

6159

39

4444

5062

47

36

3738

2942

24

1913

1010

1513

1622

22

1734

4023

40

41

4623

3241

29

2015.022015.052016.012016.042016.072016.102017.052017.07

2015.052016.042016.072016.102017.052017.07

2017.022017.022017.052017.052017.072017.07

EMEA Asia Americas

JBIC Bonds in the International Capital Markets

18

Since 1983, JBIC and its predecessors have issued Japanese government-guaranteed bonds in the international markets: 101 bonds, including 46 bonds by JEXIM.

Largest issuer of foreign bonds guaranteed by the Japanese government, with high liquidity in the secondary market. Variety of experience: Issued in USD, EUR, CHF, GBP, CAD, THB and JPY.

Flagship issuer representing Japanese sovereign credit in the international capital markets

※ Highlighted lines are bonds issued in JFY2017

Issuance list since 2013 Allocation Distribution of USD global bonds since 2015

10yr

Launch Type Currency Amount Term Coupon PrimaryDate (yrs) Spread

2013.03.12 Global-CAD CAD 500 mil 5 2.300% CT+95bp2013.07.23 Global-Dollar USD 2,500 mil 5 1.750% MS+37bp2013.07.23 Global-Dollar USD 1,000 mil 10 3.375% MS+68bp2013.11.06 Global-Dollar USD 2,000 mil 5 1.750% MS+36bp2013.11.06 Global-Dollar USD 500 mil 5 3mL+36bp 3mL+36bp2014.02.27 Global-GBP GBP 425 mil 6.75 2.625% G+66bp2014.05.22 Global-Dollar USD 1,500 mil 5 1.750% MS+20bp2014.05.22 Global-Dollar USD 1,000 mil 10 3.000% MS+42bp2015.02.03 Global-Dollar USD 1,000 mil 10 2.125% MS+31bp2015.05.20 Global-Dollar USD 1,000 mil 5 1.750% MS+19bp2015.05.20 Global-Dollar USD 1,500 mil 10 2.500% MS+28bp2016.01.13 Global-Dollar USD 1,000 mil 10 2.750% MS+86bp2016.04.12 Global-Dollar USD 1,000 mil 5 1.875% MS+75bp2016.04.12 Global-Dollar USD 1,500 mil 10 2.375% MS+80bp2016.07.13 Global-Dollar USD 1,500 mil 5 1.500% MS+58bp2016.07.13 Global-Dollar USD 1,500 mil 10 1.875% MS+61bp2016.10.27 Global-Dollar USD 1,000 mil 5 2.000% MS+63bp2016.10.27 Global-Dollar USD 1,800 mil 10 2.250% MS+64bp2017.02.14 Global-Dollar USD 1500 mil 3 2.250% MS+57bp2017.02.14 Global-Dollar USD 500 mil 3 3mL+57bp 3mL+57bp2017.05.24 Global-Dollar USD 1500 mil 3 2.125% MS+48bp2017.05.24 Global-Dollar USD 500 mli 3 3mL+48bp 3mL+48bp2017.05.24 Global-Dollar USD 1500 mil 5 2.500% MS+64bp2017.05.24 Global-Dollar USD 1500 mil 10 2.875% MS+70bp2017.07.13 Global-Dollar USD 1500 mil 3 2.125% MS+39bp2017.07.13 Global-Dollar USD 1000 mil 3 3mL+39bp 3mL+39bp2017.07.13 Global-Dollar USD 1250 mil 5 2.375% MS+51bp2017.07.13 Global-Dollar USD 1250 mil 10 2.875% MS+67bp

10yr

5yr

3yr 3yr

5yr

FRNFIX

FIXFRN

FRNFIX

FRNFIX

FIXFRN

FRN

1,000 2,000 2,500

4,800

2,7501,250

612 1,500 1,250

3,000

4,000

2,385

5,000

1,500 1,000

3,500

2,750

3,000

2,000

4,500

2,500

2,250

1,500

4,500

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*

5yr≧

5yr＜

2yrs

3yrs

5yrs

6.75yrs

7yrs

10yrs

Recent Issuances in the International Capital Markets

(USD million)

JFY

* As of May 15, 2017※ CAD0.77/USD, GBP1.44/USD

USD conversion based on “official rate” for the JFY2017 budget (JPY110/USD)19

1,500

5,250 5,250

2,385

3,500 3,500

10,300

16,000

6,750 6,612

Current Funding Programs of JBIC and Peers

20

$16.0

0

10

20

30

40

50

60

70

80

90 (USD bn)

※ USD1.1069/EUR (Average of 2016)Source: Issuer’s Website, Bloomberg. The fiscal year for the World Bank and IFC begins on 1st July 2017 and ends 30th June 2018 (fiscal year 2018)

Table of Contents

21

JBIC Overview1

JBIC Financial Aspects2

JBIC in the Capital Markets3

Japan Overview4

2.0

2.5

3.0

3.5

4.0

1 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 9

2014 15 16 17

80

100

120

140

160

180

200

220

Nikkei AverageNY DowFTSEShanghai Composite

-70-60-50-40-30-20-10

0102030

3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9

2008 09 10 11 12 13 14 15 16 17

Large firms manufauturingLarge firms non-manufauturingSMEs manufauturingSMEs non-manufauturing

“Abenomics”: Highlights of the Growth Strategy

22

Real GDP trends

Source: “National Accounts Statistics” from the cabinet office

Real GDP (Seasonally adjusted)

High level of business sentimentBusiness Conditions DI (Tankan)

Unemployment rate has decreased

Unemployment rate (Seasonally Adjusted)

Stock prices have increasedStock price increase has been strong compared to major foreign markets

(Jan. 2013-Sep. 2017)

Source: “National Short-Term Economics Survey of Enterprises in Japan” (“Tankan”) , Bank of Japan

Source: “Labor Force Survey” from the Ministry of Internal Affairs and Communications Source: Based on Quick, average of month

(JPY billion)

517,179

507,351 506,690 510,424

516,191 516,090 516,974 515,789 518,524

521,140 522,259524,367 525,933

529,242

490,000

500,000

510,000

520,000

530,000

540,000

1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6

2014 2015 2016 2017

0

Contacts

23

Japan Bank for International Cooperation (JBIC)Capital Markets and Funding Division, Treasury Department, Treasury and Systems GroupTEL : +81-3-5218-3304FAX : +81-3-5218-3960E-Mail : ir@jbic.go.jpURL : http://www.jbic.go.jp/en/(JBIC)For information regarding Investor Relations, also visit the following website; http://www.jbic.go.jp/en/ir/refer to SEC EDGAR website (http://www.sec.gov/edgar.shtml)for our latest Form 18-K Annual Report submitted September 5, 2017.(SEC CIK Code : 0001551322, Japan Bank for International Cooperation)Bloomberg Ticker : JBIC <CORP>