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Article Sixteen The ERTU systems, human resource management schemes, and financial accounts management configurations shall hereby be subject to the provisions set forth in the present Law, as well as applicable regulations and guidelines released by the Board of Trustees; notwithstanding the laws, regulations and directives carried out by the Government of Egypt. Article Seventeen The principle capital of the ERTU shall hereby be decreed by the President of the Republic. The Minister of Finance shall hereby decree the formation of an ad hoc committee mandated to: (1) Make an inventory and assessment of the capital assets and liabilities of the ERTU; (2) Assess and identify the debts and liabilities falling due and payable by the ERTU to the Ministry of Finance; (3) Propose motions to deal with the liabilities and debts falling due and payable by the ERTU, whether partially or entirely, as match contributions by the Government to the ERTU principle capital; The recommendations drawn by the respective Committee shall be reviewed and approved by the virtue of a decree to be issued by the Minister of Finance. Article Eighteen The Egyptian Radio and Television Union shall maintain an independent budget, as decreed and mandated by the President of the Republic. The development of the respective budget shall abide by the rules and norms applicable to the development of economic enterprising. It shall be permissible for the Egyptian Radio and Television Union to establish an investment budget, for a period that shall exceed a one-year term, by the virtue of a decree to be issued by the President of the Republic. Article Nineteen The ERTU fiscal year shall commence on the first of January and shall end on the 31st of December, of each year. Article Twenty The ERTU gross revenue shall consist of all the following revenue items: (1) revenue collected from the statutory fees and charges in support of the Egyptian Radio and Television Union; (2) Revenue collected from the business activities and services performed by the ERTU; (3) Budget allocations and assignments provided by the Government of Egypt to the ERTU;

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