According to information provided by Euroclear, the organization is introducing additional measures to safeguard the integrity of foreign eurobonds subject to a Decree of the President of Russian Federation No. 430 and the Federal Law No. 292 and issuers of which are Russian citizens.

Since settlement instructions relating to the abovementioned securities can not be attested starting from August 10, 2023 the following instructions are not allowed to input:

• bridge receipt and delivery instructions

• external receipt instructions

Euroclear clients can input external delivery instructions regarding securities the list of which is published at link.

Bridge Settlement

(regarding pending instructions that remain unsettled on August 11, 2023)

• matched bridge delivery instructions will continue settlement life cycle

• matched bridge receipt instructions will be put on hold and will not be able to settle; these instructions will be cancelled bilaterally

• unmatched bridge instructions will not be possible to match and will be cancelled.

External Settlement

(regarding pending instructions that remain unsettled on August 11, 2023)

• external receipt instructions will be put on hold and cancelled

• external delivery Instructions will continue settlement life cycle

Clearstream also informed that to protect clients from settlement operational complications and fails it will proceed to close the Bridge for the impacted securities for any delivery instruction towards Euroclear. The list of impacted securities is available at link.

At the same time receipt instruction from Euroclear to Clearstream will remain possible.