AUDIT COMMITTEE BUDGET COMMITTEE FROM: The Committee Secretaries Minutes of Joint Meeting held on Wednesday, May 30, 2018 at 2:36 p.m. in in the Board Room Present Committee Mr. Pagano (Chair) Mr. Gruber Ms. Kunene (co-Chair) Mr. Heemskerk Ms. Abdul Karim (Alternate) Ms. Hogan Ms. Aparna Mr. Alkhalaf (Temporary Alternate) Mr. Bougara Mr. Schoenleitner (Alternate) Mr. Jimenez Mr. Tchatchouang (Alternate) Mr. Catzaras (Alternate) Mr. Yang Mr. Bowie (Temporary Alternate) Other Executive Directors and Alternates Messrs./Mmes. Eno, Herz, Kabagambe, Mills, Mufarrij, Panov, Tazaki and White Officers and Staff Messrs./Mmes. Frazier, Gandolfo, Gires, Jordan, Petre and Zelenko. Jarik (Audit Committee Secretary) and Muleri (Budget Committee Secretary) Post-Retirement Benefit Plans CY17 Financial Results and Outlook for Contributions 1. The Committee discussed the document entitled Post-Retirement Benefit Plans CY17 Financial Results and Outlook for Contributions (AC2018-0024[BC2018-0001]). A report from the Committee to the Board was prepared. Date of Next Meeting 2. The Audit Committee was scheduled to meet immediately following this meeting. The Budget Committee was scheduled to meet jointly with CODE on June 4, 2018. Adjournment 3. The meeting adjourned at 3:57 p.m.