The Audit Committee represents an expression of the Board of Directors in terms of its oversight of the internal controls put in place by management. Its mission and tasks were revised at the beginning of 2006, which saw a widening of the tasks that the committee is responsible for.

The mission of the Audit Committee is to ensure the effectiveness and efficiency of internal audit tasks and the internal control system, and to ensure the adequacy of reporting and decision tools.

Reviewing and approving the internal audit activity's charter,

Reviewing and approving the internal audit manual,

Based on risk analysis, define the objectives and priorities to be reviewed by the Internal Audit Department,

Reviewing and assessing the annual internal audit plan,

Reviewing internal audit staffing and ensuring that the function has the necessary resources,

Following up the external auditor's conclusion and recommendations,

Reviewing periodic reports on the results of the internal auditors' work,

Reviewing the management's responsiveness to internal auditing's findings and recommendations,

Monitoring and assessing internal audit effectiveness,

Approving the budget of the Internal Audit Department, evaluating the Internal Audit Manager and determining his salary and bonus.

The Audit Committee should work on an annual program, established by the Committee and communicate to management, and define the perceived Internal Control System priorities for Amret

The Chairman of the Audit Committee should schedule an individual meeting with the Internal Audit Manager at least two times a year

The Committee meets before the Board with an agenda approved by the Chairman of the Committee

The Chairman of the Committee has access to the external auditors of the company, to the financial and accounting management, and to any manager or employee whom he may think to be useful in the course of his mission

After each meeting of the Committee, an Audit Committee report is written by the secretary of the Committee, validated by its members, and given to the Board of the company for discussion and approval

All Internal Audit reports are sent to all Audit Committee members