Article 304 — Remuneration of Directors

1/ Directors shall receive an annual remuneration the amount of which shall be fixed by a general meeting and charged against general expenses. 2/ An ordinary general meeting of the company may also decide to give to the directors a specified share in the net profits of a financial year. 3/ The amount of the share in the net profits that the directors may receive pursuant to Sub-Article (2) of this Article may not exceed ten percent of the amount that may be distributed as dividend in that fiscal year. 4/ The director`s share in the net profits under Sub- Article (2) of this Article may be paid only where dividend has been distributed to the shareholders in that year. 5/ Remuneration fixed for the directors shall be made in a lump sum; The board shall distribute the sum to the directors as it deems it fit. 6/ The Ministry of Commerce and Industry may, having regard to the financial position of the company, the salaries and benefits of the latter’s employees, and taking into account the need to create a healthy business environment, on the request of shareholders representing at least ten percent of the capital, order the reduction of the remuneration of the directors given under Sub-Article (2) of this Article where it considers it excessive.