Payment of proceeds in Russian roubles on securities accounted for in international depositories

Funds to holders of securities-clients of Russian depositories will be delivered in Russian roubles in the manner prescribed by Article 8.7 of Federal Law No. 39-FZ of 22 April 1996 “On the Securities Market", i.e. by so-called "cascade payments”.

If your securities are accounted for in NSD, your will receive income payments in roubles from your depository as before. You do not need to submit any application or further forms to NSD.

Information about foreign organizations to whom the depo accounts of a foreign nominee holder are opened in the central depository

1. Euroclear Bank S.A./N.V.  —  Belgium (1, Boulevard du Roi Albert II B – 1210 Brussels)
2. Clearstream Banking S.A. — Luxembourg (42 Avenue JF Kennedy L-1855 Luxembourg Luxembourg)
3. Central Securities Depository Joint-stock Company — 050051, the Republic of Kazakhstan, Almaty, "Samal"– 1, 28
4. The Republican Unitary Enterprise "Republican Central Securities Depository" — 220004, Republic of Belarus, Minsk, Melnikaite str., 2, floor 4
5. Central Depository of Armenia Open Joint Stock Company — Vazgen Sargsyan str. 26/1, 5th floor, Erebuni Plaza Business Centre, 0010 Yerevan
6. Central Depository Closed Joint Stock Company — 720010, the Republic of Kyrgyzstan, Bishkek, Moskovskaya str., 172
7. Central Depository Closed Joint Stock Company — 734025, the Republic of Tajikistan, Dushanbe, 38/1 Rudaki Ave., Dushanbe Plaza, 3rd floor
8. Raiffeisen Bank International A.G. — Am Stadtpark 9, 1030 Vienna, Austria
9. Central Depository of the Exchange of the Astana International Financial Center Private Company --- 010000, the Republic of Kazakhstan, Nur-Sultan, Yesil district, Mangilik El Avenue, building 55
10. Sova Capital Limited — 12 FLOOR, 88WOOD STREET, LONDON, ENGLAND EC2V 7RS
11. Alfa Asset Management (Europe) S.A. — 20, rue Dicks \ L-1417 Luxembourg.

If your securities are accounted for in international depositories with securities account opened with NSD to record such securities, you need to have your title to securities confirmed in order to receive income proceeds.

NSD will request international securities depositories to disclose information about holders and will provide a list of documents that need to be further submitted to NSD for pay outs. Subsequently, the foreign nominee shall submit to NSD the information of holders of securities as requested (the List of Holders from the Foreign Nominee Holder) within 70 days as from the date of request.

After that, the course of action will depend on whether the foreign nominee provides the requested information in due time.

1. The foreign nominee holder submits information at NSD’s request

   Where the foreign nominee holder submits information at NSD’s request, you will need to submit to NSD the documents for tax withholding purposes along with other documents referred to in the List of Documents to be submitted to NSD by holders of securities to receive income proceeds on securities (in cases where the Foreign Nominee Holder has/has not made the List of Holders available).

   IMPORTANT: NSD will pay income proceeds only if the two conditions below are met simultaneously:

   • the foreign nominee holder submits the list of holders no later than seventy days from the date of the request;
   • documents for tax withholding purposes and other necessary documents have been submitted.

   If you receive no clarifications from your international depository regarding the filing of documents, you should submit your documents to NSD yourselves.

   You can find a list of documents to be submitted to NSD in section three of the List of Documents to be submitted to NSD by holders of securities to receive income proceeds on securities (in cases where the Foreign Nominee Holder has/has not made the List of Holders available) – “Documents to be submitted by holders of securities in cases where the Foreign Nominee Holder has made the List of Holders available”.

   Original documents may be delivered to NSD in person to the address: 12 Spartakovskaya St., Moscow, 105066 or by Russian Post or other telecom operators.

   Documents are accepted at the office:

   • MON –THU: 09:00 – 18:00 (break: 13:00 – 13:45)
   • FRI: 09:00 – 16:45 (break: 13:00 – 13:45)

   After NSD receives and reviews the documents, NSD will send proceeds due to you using banking details as disclosed by the Foreign Nominee Holder within 3 working days.

   Where a payment needs to be made to a “C” type account with no details of such account available in the Foreign Nominee Holder’s disclosure, NSD will open a “C” type account to a legal entity or will contact a credit institution to open such type of account for an individual and deliver funds due to you to this account.

   Please note that if NSD has reasonable doubts as to completeness and (or) reliability of information or finds data in the documents insufficient, NSD will have the right to refuse to make payments to the respective holder.

   If you have any questions regarding payments of income on securities held with international securities depositories, please send your query at .

2. The foreign nominee fails to submit information requested by NSD or fails to meet the deadline

   If the Foreign Nominee Holder fails to submit to NSD a Foreign Nominee Holder's List of Holders or submits it after seventy days from the date of request expire, in order to receive proceeds, you will need to submit your payout application and documents to NSD yourselves.

   You should do it

   • within 10 working days after expiration of the term set out by the Bank of Russia Board of Directors resolution dated 29/12/2022 (for shares). The term is calculated as follows: 70 days to submit the List from the Foreign Nominee Holder + three working days to pay out proceeds;
   • within 30 working days after expiration of the term set out by the Bank of Russia Board of Directors resolution dated 23/12/2022 for bonds. The term is calculated as follows: 70 days to submit the List from the Foreign Nominee Holder + three working days to pay out proceeds.

   You can find a list of documents to be submitted to NSD in section four of the List of Documents to be submitted to NSD by holders of securities to receive income proceeds on securities (in cases where the Foreign Nominee Holder has/has not made the List of Holders available) – “Documents to be submitted by holders of securities in cases where the Foreign Nominee Holder has not made the List of Holders available”.

   Original documents may be delivered to NSD in person to the address: 12 Spartakovskaya St., Moscow, 105066 or by Russian Post or other telecom operators.

   Documents are accepted at the office:

   • MON –THU: 09:00 – 18:00 (break: 13:00 – 13:45)
   • FRI: 09:00 – 16:45 (break: 13:00 – 13:45)

   Once you have submitted the documents and NSD has reviewed them, income proceeds due to you will be sent to your account indicated in your dividend application no later than five working days after the deadline for applications (ten days for shares and thirty days for bonds) as set out in this section.

   With no such account available, NSD will open a “C” type account to a legal entity or will contact a credit institution to open such type of account for an individual and deliver funds due to you to this account.

   Please not that if NSD has reasonable doubts as to the completeness and/or accuracy or insufficiency of the information provided in the application for the proceeds payout and the documents accompanying such application, NSD may refuse to deliver proceeds to the relevant holder of securities.

   If you fail to submit necessary documents within the time limit stated above,

   • within ten days counting from the expiry of one month from the due date, NSD will return the remaining funds to the joint stock company, and you will be entitled to apply to receive the uncollected dividend (for shares), and
   • within ten working days counting from expiry of one month from the due date, NSD will send the remaining funds to the foreign nominee account (for bonds).

   If you have any questions regarding payments of income on securities held with international securities depositories, please send your query at .

More

FOR SHARES: The list of issuers in respect of which requests have been sent to foreign nominee holders, with deadlines for disclosure and submission of documents by holders of shares

FOR BONDS: The list of issuers in respect of which requests have been sent to foreign nominee holders, with deadlines for disclosure and submission of documents by holders of bonds

Details form on the persons entitled to income proceeds on securities to be submitted by foreign nominee holders at NSD’s request (Effective date 29.01.2024)

Further clarifications from NSD (Effective date 29.01.2024)

To find out whether the foreign nominee holder disclosed information about you and the quantity of securities belonging to you, you can contact the broker through whom they were purchased or through the depository with which you have a depository agreement to hold them, and which records the rights to them.

Please note the following cases when income proceeds will be sent to a type “C” account:

• to foreign creditors as per Clause 1 of the Russian Presidential Decree “On the temporary procedure for the fulfilment of obligations to certain foreign creditors”;
• to persons other than such foreign creditors but who purchased securities from foreign creditors after 1 March 2022.

If the chain of recordkeeping the rights to your securities involves a Russian depository other than NSD, to receive income payments you need to contact this depository.
You can receive all information regarding the procedure to receive income payments on securities either

• from the foreign nominee holder for whom a securities account has been opened with the Russian securities depository, other than NSD and/or
• from such Russian securities depository.

To find out the chain of recordkeeping for your securities you can contact the broker through whom they were purchased or through the depository with which you have a depository agreement to hold them, and which records the right to such securities.

If you keep records of Eurobonds of foreign issuers, the obligations under which are fulfilled by Russian legal entities, in a Russian depository and the chain of recordkeeping of title to securities does not involve NSD, the information about you or about the total quantity of securities (as per request of the Russian legal entity that fulfils obligations in respect of securities) should be disclosed by this Russian depository at NSD's request.

If you do not receive income payments on such bonds from the Russian securities depository by the due date, you should contact your Russian securities depository for further details. You do not need to submit any application or further forms to NSD.