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                                     AUDIT COMMITTEE

FROM: The Secretary, Audit Committee

                       Minutes of Meeting held on Wednesday, May 16, 2012
                                  at 2:34 p.m. in the Board Room

Present:

Committee:
Ms. Mokate (Chair)
Mr. Alvarez (Acting Alternate)
Mr. Manao
Mr. Prasad
Mr. Ruggiero (Acting Alternate)
Mr. Solomon
Ms. Touret (Alternate)
Mr. Whitehead

Other Executive Directors and Alternates
Messrs./Mmes. Alturki, Bamba, Castro y Ortiz, Gooch, Gordon, Ito, Knoedler, Larose, Liu, Lutfi,
Misyukovets, Mozayani, Mya, Panov, Pasi, Pedro, Perez Morales, Qureshi, Sandu, Schmitter, Silston,
Storberg, Thakur, Thompson, Vumendlini-Schalk and Zang

Officers and Staff
Messrs./Mmes. Agerskov, Dhar, Dubois, Elnaggar, Ezzeddin, Fielder, Frazier, Hawkes, Khouw,
McCarthy, Mikhlin-Oliver, Nardolillo, Philip, Porvaznik, Smith, Zimmermann and Berger (Committee
Secretary)

External Auditor (KPMG)
Messrs. McFaddin and Sweeney

Quarterly Report of the Integrity Vice Presidency - Fiscal Year (FY) 12, Quarter 3 (January 2012-
March 2012)

1.      The Committee discussed the Quarterly Report of the Integrity Vice Presidency - Fiscal Year
(FY) 12, Quarter 3 (January 2012-March 2012) (AC2012-0022).

Date of Next Meeting

2.      The Committee was scheduled to meet in on May 30, 2012 first in a joint meeting with the
Budget Committee then in an Audit Committee meeting.

Adjournment

3.     The meeting adjourned at 4:35 p.m.