By letter dated 18 December 2009, Romania nominated, by common accord with the Kingdom of Denmark, the Hellenic Republic and Ireland, Ms Angela Carabas (General Director of the General Directorate for Treasury and Public Debt, Ministry of Public Finance of Romania) for appointment as an Alternate Member of the Board of Directors following the resignation from the Board of Directors on 21 July 2009 of Mr Stefan Nanu.

By letter dated 11 January 2010, the Board of Governors were invited to vote on the proposed appointment.

The decision to nominate Ms Angela Carabas was taken on 25 January 2010, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Carabas will expire in 2013, at the end of the day of the Annual Meeting of the Board of Governors during which the annual report, balance sheet and profit and loss account for the 2012 financial year are examined.