By letter dated 13 May 2011, the United Kingdom of Great Britain and Northern Ireland nominated Ms Melinda Simmons (Department for International Development) for appointment as Alternate Member of the Board of Directors following the resignation from the Board of Directors of Ms Tamsyn Barton.

By letter dated 20 May 2011, the Board of Governors was invited to vote on the proposed appointment.

The decision to nominate Ms Melinda Simmons was taken on 10 June 2011, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Melinda Simmons 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.