The Chairman or any duly qualified Person appointed by the Board shall assume the position on a temporary basis until a new General Director is appointed. ARTICLE 9 COMPETENCE The powers of the Authority as set forth in this Law shall be exercised by the General Director, who shall in this respect be subject to the supervision of the Board. Unless this Law expressly provides otherwise, the General Director shall have the final authority in the exercise of such powers. ARTICLE 10 REMUNERATIONS The amount of remuneration, including allowances and other benefits, paid to the General Director shall be set by the Board, having regard both to the then current market salaries of chief executive officers, whether of major corporations in the Kingdom, or of services sectors regulators outside the Kingdom. ARTICLE 11 RESIGNATION OF GENERAL DIRECTOR The General Director may resign his office by submitting a written application at least three months in advance to the Board in order for the latter to submit it to the Council of Ministers. A decree accepting the resignation shall be issued upon the proposal of the Council of Ministers. ARTICLE 12 REMOVAL OF GENERAL DIRECTOR FROM HIS POST (a) The General Director may be dismissed from office before the expiry of the term of his office by a decree, based on a proposal by the Council of Ministers issued on the recommendation of the Board, on grounds of material breach of his employment contract, gross misconduct, inefficiency, fraud, dishonesty or inability to perform the duties of his office arising from infirmity of body or mind. (b) Prior to his dismissal, the General Director shall be given reasonable opportunity to defend himself before the Board. Until the date of his dismissal, the General Director shall continue to serve in accordance with this Law. -16Translation dated 12 April 2009 This is an unofficial translation of the Law. It is provided for information purposes only. Reliance may only be placed upon the official Arabic version of the Law published in the Official Gazette of the Kingdom of Bahrain. Any comments on this translation will be gratefully received by the Authority. Please email any comments to: contact@tra.org.bh

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