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. A 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).

   It is important to note that NSD will only make income payouts if it receives the List of Holders from the Foreign Nominee Holder within 70 days of the date of the request;

   • In addition, the following documents must be provided:
     Documents necessary for the correct calculation of the tax.
   • Documents on the successive chain of holders for all transactions entered into after 1 March 2022 in order to receive payouts to a bank account other than a Type C bank account. The types of documents to be submitted to NSD, either independently or through a foreign nominee holder, are listed in the third section of the list - "Documents to be provided by holders where the List from the Foreign Nominee Holder has been made 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)

   Make an appointment to apply

   Important Note: the documents will be accepted if they are submitted together with the Notice of Delivery Information (Documents) to the Foreign Nominee Holder's List or the Notice of Delivery of Further Information (Documents) to the previously submitted Application for the Payout on the Securities.

   Once NSD has verified the documents received, the payouts due will be transferred to the details specified on the Foreign Nominee Holder's List within 3 business days.

   If the details specified in the List are incorrect, NSD will transfer the funds to the details specified in your Notice of Delivery of Information (Documents) to the Foreign Nominee Holder's List.

   If a payout is to be made to a Type C bank account and the List by the Foreign Nominee Holder does not provide details of a Type C bank account, NSD will open a Type C account for a legal entity or request another credit institution to open a Type C account for an individual and transfer payouts due to that individual to that account.

   Please note that if there are reasonable doubts as to the completeness and/or reliability, or sufficiency of the information contained in the documents, NSD may refuse to make payouts to the security holder concerned.

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

2. A foreign nominee holder fails to provide the information requested by NSD or provides it later than the deadline set by NSD

   If the foreign nominee holder fails to provide NSD with the List of Holders from the Foreign Nominee Holder or provides it later than 70 days from the date of NSD's request, then, to receive payout you must submit to NSD a request for the payout in respect of the securities and the documents referred to in the fourth section of the list "Documents to be provided by Holders where the List from the Foreign Nominee Holder has not been made available".

   The list of documents to be submitted to NSD is set out in the fourth section of the "List of Documents that must be submitted by security holders to NSD for the purposes of receiving payments on securities (where the List of Holders from the Foreign Nominee Holder has and has not been made available)" – "Documents to be provided by Holders where the List from the Foreign Nominee Holder has not been made available".

   The documents must be submitted to NSD within 30 (thirty) business days after the deadline set out in clause 1.4 of the Resolutions of the Board of Directors of the Bank of Russia dated 22 December 2023 and 24 December 2024. The term is defined as follows: 70 (seventy) days for submission of the List from the Foreign Nominee Holder + 3 (three) business days for making the payment.

   Original documents may be delivered to NSD in person to the address: 12 Spartakovskaya St., Moscow, 105066, 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)

   Make an appointment to apply

   Once the NSD has checked the documents you have submitted, you will be notified of the results of the check. If there are no comments, the payments due will be transferred to the account specified in the application for payment on securities no later than five (5) business days after the deadline for accepting applications. If the payment is to be made to a Type C bank account and such an account is not available, NSD will open a Type C bank account for the legal entity or request another credit institution to open a Type C bank account for the individual and transfer the payments due to that individual to that account.

   Please note that if there are reasonable doubts as to the completeness and/or accuracy or if the information provided in the application for payment in respect of securities and the documents attached thereto is insufficient, NSD may refuse to transfer the payment to the relevant holder of securities.

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

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 also note that payments to the Type C bank account will be made to:

• Persons who are foreign creditors in accordance with item 1 of the Decree of the President of the Russian Federation dated March 2022 N 95 "On Interim Procedures for the Fulfilment of Obligations Towards Certain Foreign Creditors",
  Persons who are not such foreign creditors but who acquired securities from foreign creditors after 1 March 2022,
• Persons who are not such foreign creditors but who have not submitted documents and assurances in accordance with the third subparagraph of paragraph 1.3 of the Resolution of the Board of Directors of the Bank of Russia dated 22 December 2023.

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.