KOMERCIJALNA BANKA AD BEOGRAD EXECUTIVE BOARD No Belgrade, October the 4 th 2012

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1 KOMERCIJALNA BANKA AD BEOGRAD EXECUTIVE BOARD No Belgrade, October the 4 th 2012 R U L E S ON THE TARIFF OF FEES OF KOMERCIJALNA BANKA AD BEOGRAD CUSTODY DEPARTMENT Belgrade, October 2012

2 - 2 - According to the Article 31 of Komercijalna Banka AD Beograd Articles of Association (the revised text), on October the 4 th 2012, the Executive Board of Komercijalna Banka AD Beograd adopted the following R E G U L A T I O N ON THE TARIFF OF FEES OF KOMERCIJALNA BANKA AD BEOGRAD CUSTODY DEPARTMENT I GENERAL PROVISIONS Article 1 This Regulation of Komercijalna Banka AD Beograd (hereinafter referred to as: the Bank) determines the amount of fees and commissions for the s the Bank executed for its customers in the Custody Department (hereinafter referred to as: the Custodian Bank) Article 2 The amounts of commission, or fee, as well as the obligation to effect payments of other costs in accordance with this Regulation shall be specified in the Agreement entered into between the Custodian Bank and the Customers. II REVIEW OF TARIFFS Article 3 The Custodian Bank shall calculate and charge commissions and fees according to the following tariff items: No. of tariff item TYPE OF SERVICE AMOUNT OF FEES, COMMISSIONS AND OTHER I PART I GENERAL TARIFF RULES Opening and safekeeping proprietary and other accounts of the financial instruments (hereinafter referred to as: FI) Natural persons -500 RSD per request Opening FI account in the Central Securities Depositary and Clearing House There will be no charge for opening the FI account arising from the old FX savings conversion Legal persons RSD per request Opening of the joint ownership account RSD per request Maintenance of Proprietary FI account 1.2. Transfer of FI Transfer of FI based on the court rulings, decisions and other legal documents of the state authorities, inheritance, gifts and other types of transfers that do not involve payments Transfer of FI to another member of the Central Registry- change of depository Transfer of FI based on the acquisition of own shares from shareholders in disagreement, enforced purchase, or the entitlement to sale of shares Natural persons no fee Legal persons 2.000,00 RSD monthly for the month when there were s on the proprietary account RSD per ISIN, no less than RSD per request - If the proprietary account belongs to the customers of Custodian Bank RSD per p ISIN, no less than 3.000,00 RSD per request RSD per ISIN 2% of the selling

3 Transfer of FI from the proprietary account - change of ownership on other grounds Value of : Up to RSD 3,00% RSD RSD 2,00% RSD RSD 1,50% Exceeding RSD 1,00% Correction of a wrong ID in Central Register RSD per request Booking of FI to the account No fee Transfer of Fi on the basis of legal succession 1% min RSD max RSD per request 1.3. Pledge on FI Establishing the pledge on a contract basis and contract annex Activating the pledge Releasing the pledge Pledgee the Bank- Legal job with natural person 0,15% of the value of the underlying contract, min RSD max RSD Pledgee the Bank- Legal job with legal person 0,15% of the value of the underlying contract, min RSD max RSD Other 0,20% of the value of the underlying contract min RSD max RSD Pledgee the Bank 0,20% of the amount, max RSD for a settlement day Other 0,30% of the amount min RSD Pledgee the Bank- Legal job with natural person RSD Pledgee the Bank- Legal job with legal person RSD Other legal job with natural person RSD legal job with legal person RSD 1.4. Special-purpose accounts and cash settlement of s with FI Opening special purpose trading and payment account (issue of FI, disposal of own shares) Maintenance of special purpose accounts for trading with FI Cash settlement of sale/purchase No fee 100 RSD per month for each month with the recorded turnover on the account - 0,25% of the amount min 50 RSD by type of - 0,15% of the amount min 50 RSD by type of, for users of Kombank Trader application of the Bank Cash settlement of s from payment accounts (issue, FI, disposal of own shares) - 0,10% of the amount min RSD RSD in case of issue/disposal failure Cash settlement of income from FI (dividends, interest, coupons etc.) Payment of debt FI at maturity No fee Transfer of funds from the special purpose cash account of the customer Resending the account balance statement 200 RSD per statement 1.5. Corporate activities - 0,25% of the amount min 50 RSD by type of The fee is not charged when paying the income from FI issued by the Bank - To the account of the customer held with the bank no fee - Transfer to the account of the customer outside the bank according to the Bank s tariff applicable for the payment operations Acting as Proxy in General Meetings of Shareholders 100 EUR + actual costs

4 Taking care on the fulfilment of tax obligation of the customer Preparation of the power of attorney / authorisation for representation at the shareholders assembly Reporting costs According to contract 40 EUR per power of attorney / authorisation Regular reports no fee Extraordinary reports 2 EUR per page Non-standard reports at special requests 10 EUR per page II PART II BUSINESS OPERATIONS WITH DOMESTIC INVESTMENT AND PENSION FUNDS 2.1. Opening of the omnibus custody account Central Registry of Securities Bank s registry No fee No fee Opening of special purpose cash accounts No fee 2.2. Keeping the accounts and calculation of the fund s assets value Maintenance of the omnibus custody account and evaluation of the fund s asset value assets in the country Maintenance of the omnibus custody account and evaluation of the fund s asset value foreign FI Maintenance of special purpose trading accounts for trading with FI Up to 0,20% Minimum 50 EUR per month Up to 0,50% Minimum 50 EUR per month 100 RSD per month for each month with the recorded turnover on the account Managing the fund by the Custody bank Up to 3% of net value of fund p.a Transaction fees Transaction fee domestic FI DVP/RVP 0,15% of the value DF/RF EUR 30 per order per order / ISIN Cash settlement of income from domestic FI (dividends, interests, coupons etc.) - 0,15% of the amount, - The fee is not charged when paying the income from FI issued by the Bank Transactions fee foreign FI 0,15% of the amount, min 20 EUR per order/isin DF/RF 30 EUR per order/isin Cancellation of EUR 20 per order Cash settlement of income from foreign FI (dividends, interests, coupons etc.) 0,15% of the amount, min EUR per Real-estate fee 100 EUR per /real-estate Transfer of FI from omnibus custody account, change of ownership on the other grounds 0,30% of the value Transfer of FI to another depository RSD per ISIN Booking of domestic FI No fee Note: fees for corporate s are charged according to the general tariff rules, tariff item 1.5.

5 - 5 - III PART III TRANSACTIONS ON COLLECTIVE - CUSTODY ACCOUNTS OTHER CUSTOMERS 3.1. Opening of account Central Registry of Securities Bank s registry - sub account of the collective custody account with the Central Registry for domestic FI Bank s registry sub account of the collective custody account with foreign custodian bank for foreign FI RSD RSD RSD Opening of special purpose cash account No fee 3.2. Keeping custody accounts Maintenance of the omnibus custody account managing FI, domestic FI 0,20% p.a. minimum 20 EUR per month Maintenance of the omnibus custody account managing FI, foreign FI 0,30% p.a. minimum 20 EUR per month Maintenance of special purpose trading accounts 100 RSD monthly for the month when there were s on for trading with FI the account 3.3. Transaction fees Transaction fee domestic FI Transaction fee foreign FI Cash settlement/collection of income from foreign FI (dividends, interests, coupons etc.) Cash settlement of income from domestic FI (dividends, interests, coupons etc.) Transfer of FI from the omnibus custody account, change in ownership on the other grounds 0,15% of the amount min 50 RSD by type of FOP - 30 EUR by order, per order/isin DVP/RVP 0,15% min 20 EUR per order/isin DF/RF 30 EUR per order/isin Cancellation or EUR 20 per order 0,15% of the amount, minimum 20 EUR per - 0,15% of the amount, minimum 50 RSD by type of The fee is not charged when paying the income from FI issued by the Bank 1% of the value of Transfer of FI to another depository RSD per ISIN Preparation of the power of attorney / authorisation for representation on the shareholders assembly RSD power of attorney /authorisation Booking of FI on the account No fee Note: fees for corporate s are charged according to the general tariff rules, tariff item 1.5. Notes to Tariff Rules: Custody bank s commission and fees do not include the following expenses and deductions arising from the provision of custody services: fees and other expenses of the Central Securities Depository, clearing houses;

6 - 6 - broker and stock exchange expenses; tax liabilities; cost of domestic and foreign payment s; cost of foreign custody banks; fees and expenses of the Securities Commission; fees and expenses of other competent bodies; real expenses (advertising, telephone, telefax or internet expenses, postage, banking costs and other similar costs); For s with foreign financial instruments the Bank has the right to arrange calculation of the amounts of commission at gross principle including the additional expenses from the previous item; Commission for maintaining a financial instrument on a custody account is expressed as an annual percentage and is paid monthly. Minimum monthly tariff will not apply if the FI balance during the month amounted to 0; For maintenance of custody accounts with equity financial instrument of other custody clients the basis for calculation is the first obtainable value in this order: last price at the stock exchange where the financial instrument is listed book value nominal value, no less than 5 EUR for foreign FI, 600 RSD for domestic FI For maintenance of custody accounts of other custody clients, for equity FIs of an issuer that is in bankruptcy or liquidation, the basis for calculation will be the administrative value of 100 RSD per share For maintenance of custody accounts of other custody clients, for debt FIs, the basis for calculation is the final market value of an FI on the stock exchange where the FI is quoted, or the nominal value, if the nominal value is higher or if it is not possible to determine the market value of FI in the afore-mentioned manner. Basis for calculation of commission for domestic investment and pension funds is the net value of the fund s assets; Basis for calculation of transfer commission for an FI in paragraph 1.2. of the Tariff Rules Transfer of Financial Instruments, is the first known value in the following order: Value/price from the agreement, decision, ruling i.e. a document that can be used as legal grounds for the transfer of FI book value nominal value, no less than 600 RSD Commission expressed in EUR is calculated and collected at the NBS middle exchange rate on the calculation date; Commission for managing investment and pension funds is charged due to the legal obligation that requires the custody bank to undertake temporary management of the fund; For provision of services that are not mentioned in this regulation, but which arise in the course of business of the custody bank, commission and fees will be determined in an agreement between the Client and the Custody Bank; IV TRANSITIONAL AND FINAL PROVISIONS Article 4 Regulation on Tariffs for Custody Bank Operations of Komercijalna Banka AD Beograd, No dated ceases to be valid on the effective date of this Regulation. Article 5 This Regulation becomes effective on the day of its passing and applies as of MEMBER OF THE EXECUTIVE BOARD Lidija Sklopić PRESIDENT OF THE EXECUTIVE BOARD Ivica Smolić

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