REGISTRY OPERATION, CUSTODY OF CORPORATE SECURITIES

From 50 to 99 inclusive number of allocated securities accounts (stockholders) /monthly

12,000 AMD

From 100 to 199 inclusive number of allocated securities accounts (stockholders)

/monthly

17,000 AMD

From 200 to 499 inclusive number of allocated securities accounts (stockholders)

/monthly

26,000 AMD

From 500 to 999 inclusive number of allocated securities accounts (stockholders)

/monthly

32,000 AMD

From 1000 and more number of allocated securities accounts (stockholders)

/m onthly

62,000 AMD

1.5. Bonds registry operation and custody

1.5.1. Bonds registry operation and custody [4]

Total nominal value of allocated bonds / monthly

Below 1,550,000,000 AMD/ 0.004%

1,550,000,000 AMD and more/ 62,000 AMD

1 . 6 . Registry operation contract renewal due to the change of account operator

1.6.1. Registry operation contract renewal due to the change of account operator and transfer of securities portfolio

For each type of securities / one transfer

6,000 AMD

1 . 7 . Services as a result of corporate operations of issuer

1.7.1. Registration of corporate operation [5]

Total nominal value of securities (stocks), subject to corporate operation

Below 3,000,000,000

AMD/ 0,1%

3,000,000,000 AMD

and more/ 3,000,000 AMD

1.8. Services related to the data provision on request of the issuer

1.8.1. Provision of the list of registered holders of securities (stocks)

List

Hard copy: Below 50

securities accounts

(stockholder) – 2000 AMD,

50 and more securities accounts (stockholders) – 4000 AMD,

soft copy: free of charge

1 . 9 . Provision of statement on the movement of transactions by securities (stocks) (without supporting documents)

1.9.1. Hard copy

1 Statement

5,000 AMD

1 . 1 0 . Provision of statement on the movement of transactions by securities (stocks) (with supporting documents)

1.10.1 Soft copy (Electronic)

1 Statement

14,000 AMD

1.10.2 Hard copy

20,000 AMD

1 . 1 1 . Issuer’s data update in the System

1.11.1. Input of data update in the System [6]

Each update

Free of charge

1 . 1 2 . Additional services offered to issuer by Central depository with intermediation of the Bank

1.12.1. Dividend calculation and payment

Total amount of dividend fund / for each process

0.2%

1.12.2. Distribution of cash means as a result of bond coupons’ repayment or redemption

Amount of paid/distributed cash means / for each process

0.02%

1.12.3. Notification to the issuer about the movement of securities (stocks)(transfer orders and block of securities(stocks) under pledge)

Notification/annually

300,000 AMD

1.12.4. Implementation of control on securities acquirement and other restrictions for issuer set by law and by charter

Control/annually

1,000,000 AMD

2. CORPORATE SECURITIES CUSTODY

2 . 1 . Services related to the maintenance of securities accounts of registered holders

2.1.1.Securities account opening

1 securities account

Free of charge

2.1.2. Registration of update of information included in the securities account

1 securities account

Free of charge

2.1.3. Securities (except securities allowed trading in the regulated market of RA) account maintenance [7]

Nominal value of securities available on the holders account at the last day of each month

0.001%

minimum 100 AMD

2.1.4. Closing of securities account

1 securities account

Free of charge

2 . 2 . Services related to transfer of securities out of regulated market

2.2.1. Transfer of shares(stocks) on any basis, including “free-of-payment delivery” (FOP) principle

Total nom inal value of securities(stocks) subject to transaction (the transferring party is paying)

Below 1,000,000 AMD/

1,000 AMD

From 1,000,000 AMD

to 3,000,000,000 AMD/ 0,1%

3,000,000,000 AMD

and m ore / 3,000,000 AMD

2.2.2. Transfer of bonds on any basis, including “free-of-payment delivery” (FOP) principle

Total nom inal value of bonds subject to transaction (the transferring party is paying)

Below 2,000,000 AMD /

200 AMD

From 2,000,000 AMD

to 4,000,000,000

AMD / 0,01%

4,000,000,000 AMD

and m ore / 400,000 AMD

2.2.3. Transfer of securities from one account to another as a result of REPO or reverse REPO agreements.

1 order (each party is paying)

9,000 AMD

2.2.4. Portfolio transfer from the holder’s account opened by one account operator to the same holder’s account opened by another account operator - by the total outstanding amount available on the account.

1 order (each party is paying)

6,000 AMD

2.2.5. Transfer of shares on any basis by the principle “Delivery versus payment” (DVP)

Total nom inal value of securities subject to transaction (each party is paying)

Below 1,000,000 AMD

/ 2 000 AMD

From 1,000,000 AMD to

2,000,000,000 AMD / 0,2%

2 ,000,000,000 AMD and more / 4,000,000 AMD

2.2.6. Transfer of bonds on any basis by the principle of “Delivery versus payment” (DVP)

Total nom inal value of bonds subject to transaction (each party is paying)

Below 10,000,000 AMD

/ 2,000 AMD

From 10,000,000 AMD to

2,000,000,000 AMD / 0,02%

2 ,000,000,000 AMD

and m ore / 400,000 AMD

2.2.7. Extrajudicial realization of collateral of securities.

Total nom inal value of securities to be realized (pawnbroker m akes the payment)

Below 140,000,000 AMD / 0,3 %

140,000,000 AMD

and m ore / 420,000 AMD

2 . 3 . Services related to registration of pledge, suspension, commerce blocking of securities, as well as vote limits.

2.3.1. Pledge of securities

Total nom inal value of securities(stocks) to be pledged(pledger makes the payment)

Below 3,000,000,000 AMD

/ 0,1%

3,000,000,000 AMD

and m ore / 3,000,000 AMD

2.3.2. Suspension of securities or securities account

Total nom inal value of suspended securities (stocks) (account holder makes the payment)

Below 3,000,000,000 AMD

/ 0,1%

3 ,000,000,000 AMD

and m ore / 3,000,000 AMD

2.3.3. Temporary suspension of voting rights in the general meeting of the stock company for blocked securities

Total nom inal value of securities with suspended voting rights

0,5%

2.3.4. Cancelation of pledge, suspension, commerce blocking and other limitations.

Free of charge

2.3.5. Commercial blocking of stock, as a result of transactions executed in the regulated market

Free of charge

2 . 4 . Provision of the information to the account holder

2.4.1. Provision of the advices of the security account ( per each type (registry statement)

statement

Hard copy 1,000 AMD,

soft copy - free of charge

2.4.2. Provision of the statements on operations of the security account (inclusive the security movement )

statement

Hard copy 1,000 AMD,

soft copy - free of charge

2.4.3. Provision of statement on other information per account holder request from registry or personal account (except requests on transactions) .

statement

Hard copy 12,000 AMD,

soft copy - 6000 AMD,

2 . 5 . The services associated with the maintenance and opening of the nominees account

2.5.1. Nominees account opening (excluding the account operator)

1 Security account

400,000 AMD

2.5.2. The registration of information changes in the nominee’s account (excluding the account operator)

1 Security account

Free of charge

2.5.3. Nominees account maintenance (excluding the account operator)

The securities balance initial amount (monthly basis) at the nominee’s account as of the end of each m onth

0.001%

2.5.4. Nominees account opening (the account operator)

1 Security account

Free of charge

2.5.5. The registration of information changes in the nominee’s account (the account operator)

1 Security account

Free of charge

2.5.6. Nominee account custody

At the end of each month, nominal value of stock

balance available on

the account /

monthly

0.001%

3. SECURITIES CUSTODY REGISTERED THROUGH FOREIGN CUSTODIAN AND TRANSACTION SERVICES WITH SECURITIES

3 . 1 . Security custody service [8]

3.1.1. Custody of shares (including fund stocks)

Total value of securities, available on the owner’s (nominee’s)

account/ monthly (by

daily calculation of securities balance)

Tariff, publicized by the foreign custodian to the Central

Depository [9] (taxes

included) +50% extra charge

3.1.2. Custody of debt securities (with the exception of euro bonds, issued on behalf of the RA)

3.1.3. Custody of euro bonds, issued on behalf of the RA

0.0025%

3 . 2 . Corporate actions

3.2.1. Depositing income from securities to the account

Total volume of securities on the owner’s (nominee’s)

account/ monthly (by

daily calculation of securities balance)

Tariff set for the Central Depository by the foreign custodian (taxes included) +50% extra charge

3.2.2. Securities repayment

Per each transaction

3.2.3. Payment of dividends

3.2.4. Other mandatory actions

3.2.5. Non-mandatory actions

3.2.6. Writer sale and purchase

Volume of

securities as the transaction subject

3.2.7. Tax deduction, development of tax declarations, actions on tax return, adjustment

Per each case

3 . 3 . Ensuring distance participation in meetings

3.3.1. Receipt of notifications

Per each meeting

Tariff set for the Central Depository by the foreign custodian (taxes included) +50% extra charge

3.3.2. Receipt of agenda

3.3.3. Order of entrance card

3.3.4. Execution of voting order

3 . 4 Services on final settlements with securities (the orders subject to final settlement but not executed yet, are subject to automatic cancellation on the 45 t h d a y after the registration of the order, for which the sum to the amount of the execution of the final settlement is charged)

3.4.1. Execution of order on final settlement with debt securities, shares and stock shares

Per each order

Tariff set for the Central Depository by the foreign custodian (taxes included) +50% extra charge

3.4.2. Processing of wrong formatted or belated order

Per each order

3.4.3. Expenses on physical delivery or receipt of securities (including insurance)

Per each case

3.4.4. Execution of group order settlement (group matching)

Per each transaction

3 . 5 . Services on final settlements with financial means (the orders subject to final settlement but not executed yet, are subject to automatic cancellation on the 45 t h d a y after the registration of the order, for which the sum to the amount of the execution of the final settlement is charged)

3.5.1. Execution of the order on depositing and withdrawal of financial means (including preadvice orders)

Per each order

Tariff set for the Central Depository by the foreign custodian (taxes included) +50% extra charge

3.5.2. Transactions with financial means without an order

Per each order

3.5.3. Development of wrong formatted or late order

Per each order

3 . 6 . Reporting

3.6.1. Notification on corporate actions

Per each notification

Tariff set for the Central Depository by the foreign custodian (taxes included) +50% extra charge

3.6.2. Statement on approval of corporate actions

Per each statement

3.6.3. Statement on monthly receivable income

Per each statement

3.6.4. Report on securities available on account

Per each report

3.6.5. Report on financial means balance

Per each report

3.6.6. Other report on financial means

Per each report

3.6.7. Statement on transactions

Per each statement

3.6.8. Statement on anticipated transactions

Per each statement

3.6.9. Report on approval of final settlement

Per each report

3.6.10. Report on lending with securities

Per each report

3.6.11. Summary report on corporate actions

Per each report

3.6.12. Providing markets breakdown of securities available on the account

Per each report

3.6.13. Sending reports by post or email

Per each report

3.6.14. Statement on approving orders

Per each statement

3.6.15. Status report on final settlement order

Per each report

3.6.16. Statement on approving withdrawal or depositing from/to the account

Per each report