Egypt Telecommunication Regulation Law – February 2003 Article 14 – Meetings of the TRA Board of Directors The Board of Directors shall convene by an invitation from its Chairperson at least once every month and whenever necessary. The meeting shall be deemed valid with the presence of the majority of its members. Resolutions of such meetings shall be resolved by the majority of votes of attending members and in case of equal votes the Chairperson shall have the casting vote. The Board shall have the right to invite to the meetings those whose experience is seen to be needful without having their votes counted. Article 15 – Functions of the Chief Executive of the TRA The NTRA shall have an Executive President who is to be appointed for a period of two renewable years and have his financial matters set by a resolution from the Prime Minister upon a proposal from the Minister Concerned. The Executive President shall be responsible of the NTRA technical, administrative and financial affairs and activities before the Board. He shall in particular have the right to: 1. Implement resolutions of the Board of Directors. 2. Assist in the management of the NTRA, handling its matters and supervising its work flow. 3. Submit periodical reports to the Board of Directors on the NTRA activities, its work flow and its achievements in accordance with the set plans and programs, and determine performance impediments and propose solutions for avoiding them. 4. Undertake any tasks or missions assigned by the Board of Directors. 5. Other powers as determined by the internal regulations of the NTRA. The Executive President shall have the right to delegate some of his powers to one or more NTRA managers. Article 16 – Authority of the Chief Executive to replace the Chair of the Board The Executive President shall temporarily replace the Chairperson of the Board in case of his absence or vacancy of position. Article 17 – Authority of the Chief Executive to represent the TRA Board The Executive President shall represent NTRA before the judicial system and in its affairs with third parties. National Telecom. Reg.Authority 11