1. Income from securities with mandatory centralised safekeeping or centralised recordkeeping of rights at NSD (the "Securities") is transferred by the Issuer through the depository performing mandatory centralised safekeeping / the depository performing centralised recordkeeping of rights at NSD (the "Central Securities Depository"). The Central Securities Depository transfers income to its clients, including nominee holders, who in turn pass on the income to their own clients, and so on, until it reaches the ultimate beneficial owner;

2. Depositories act as withholding agents when making income distributions on Securities to individuals and non-residents who hold a beneficial owner securities account with that depository;

3. No lists of security holders are compiled for the purpose of income payouts. Income is transferred to a client on whose securities account the Securities were recorded as of the record date determined in accordance with the issue resolution and applicable legislation, without breakdown to ultimate beneficial owners;

4. The Issuer has the right, once per year, to obtain from the depository performing mandatory centralised safekeeping or centralised recordkeeping of rights, a list of security holders for a fee not exceeding the cost of its preparation. For all other requests, the fee is determined by agreement with the depository performing centralised safekeeping or centralised recordkeeping of rights on the Securities.
Thus, the function of distributing payments is an integral part of the depository services provided by depositories to their clients. This regulation applies to bond issues for which the registration number was assigned after 1 January 2012.

5. For bond issues for which the registration number was assigned before 1 January 2012, the procedure for compiling lists of security holders and/or nominee holders, the method of transmitting such lists to the Issuer and/or paying agent, and the procedure of income payout are governed by the securities issue documentation.
For bond issues for which the registration number was assigned before 1 January 2012 and for which NSD acts as paying agent, a full range of payment servicing services is provided, including:

• Calculation and transfer of funds upon the Issuer’s instruction;

• Provision to the Issuer of reports on completed income distributions;

• Notification to interested parties of the timing and terms of coupon payments and bond redemptions;

• Provision of reports to persons authorised to receive coupon payments and proceeds from the redemption of nominal value.