Article (25) The administration of Etisalat Corporation shall be undertaken by a Board of Directors comprised of eleven members, seven thereof including the Chairmanship shall represent the Government and shall be appointed by a Federal Decree. The other members shall be elected by the shareholders. Appointments and elections for Board Members might be for more than one time pursuant to the articles of association.13 Article (31) Each shareholder of Etisalat Corporation shall have the right to attend the General Meeting, discuss the topics listed on the Agenda, and question the members of the Board who shall be bound to reply to the questions in so far as it shall not expose Etisalat Corporation’s interest for damage. The shareholder may resort to the General Meeting if he considers the reply to his questions as insufficient and the decision of the General Meeting shall be obligatory for implementation. The Government shall be represented in the General Meeting by the State’s Minister for Finance and Industry. Article (33) Etisalat Corporation shall comply with the general policy of the Board5 and obey any general or specific directives issued by the Board in this respect. Article (47) The Board14 shall issue the financial and administrative regulations for management of Etisalat Corporation and shall determine the staff’s conditions of service which do not conflict with the decisions issued by the Board5. Article (81) All juridical persons existing at the time this Federal Law by Decree comes into force which carry out any of the Regulated Activities must conform their status in accordance with the provisions of this Federal Law by Decree within ninety days from date it comes into force. The Board5 may by decision extend such period to other similar periods. 39

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