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The final examination in Oldenburg lasts for three days. On the first day the young stallions are formally examined for the first time. The second day is devoted to a review of older stallions who have been brought for examination by the many breeders who have assembled from many parts of the world. On the third day, the young stallions are examined for the final time, and those to be "graded" are chosen. Also selected at this time are the finest of the young graded stallions to be designated as "premium stallions". Of the many young stallions brought for judging, only a very small percentage is approved each year.