Section 4: Balloting

Each ballot shall be taken as follows: (a) There shall be a call of Representatives entitled to vote, and each ballot, signed by the Representative, shall be deposited in the ballot box; (b) In balloting for the election of Directors, each Representative shall cast for one nominee Director all of the votes to which the Shareholder appointing him is entitled. (c) When a ballot shall have completed, the Executive-Secretary shall cause the ballots to be counted and shall announce the names of the person elected to be Director before the end of the session at which the election is held; and (d) If the tellers shall be of the opinion that any particular ballot is not properly executed, they shall, if possible, afford the representative concerned an opportunity to correct it before tallying the result, and such ballot, if so corrected, shall be deemed to be valid. When there is more than one nominee on any ballot, the nominee Director receiving the greatest number of votes shall be deemed elected. Elimination of Nominees If on any ballot two or more nominees shall receive the same number of votes, no nominee shall be dropped from the next succeeding ballot, but if the same situation is repeated on such succeeding ballot, the Executive-Secretary shall eliminate by lot all such nominees, except one who shall be deemed elected. Announcement of Results After the last ballot, the Executive-Secretary shall cause to be distributed a statement setting forth the result of the election. Part II: Special Rules for the Election of Class "A" Directors For the election of Class "A" Directors, the Representatives of Class "A" Shareholders, other than the African Development Bank,in shall (1) group themselves into three country groupings having the aggregate, as far as possib le equal voting power s. Such groupi ngs shall be constituted by the Representatives of Class "A"tive Shareholders notwithstanding the geogra phical locatio n of their respec countries or regions; and (2) Each group shall elect one Director.