Depository services

In order to ensure that the owners of the securities properly exercise their rights to the securities they own, Gazprombank’s Depository performs the following actions:

• Submits to the Issuer or the External Accounting System (EAS), all information about the Depositors (Customers) and securities of the Depositors (Customers), including those required to exercise the owners' rights: receiving income on securities, participation in general meetings of shareholders, etc. (as provided by Russian law);
• Provides the Depositors with services related to the receipt of income on securities in cash and other cash payments due to the owners of such securities (as provided by Russian law);
• Ensures safekeeping of securities certificates and depositary records, the storage of which is necessary for the owners to exercise their rights to securities;
• Allows owners to exercise their right to vote at general meetings of shareholders in the manner provided for in the depositary agreement;
• As required for the exercise of rights by the owners of the securities, provides the Issuer or the Registrar with certificates of securities, including certificates of redemption, coupons and other income documents providing payment on demand.

Options for assistance in exercising certain corporate rights on foreign securities. Options for Depositors to participate in corporate actions, tax relief verification (WTRC) and partial tax refund (TREC) for depositary receipts on shares of Russian issuers.Gazprombank’s Depository notifies Depositors that WTRC and TREC have been carried out for depositary receipts on shares of Russian issuers. Depositors are entitled to exercise their right to lower tax to the rate specified in the agreement between the taxpayer and the Russian authorities on taxation, which envisages a reduced tax rate for non-residents of the Russian Federation, or the rate provided for in the respective article of the Tax Code of the Russian Federation for residents of Russia.

In order to obtain a tax break, Depositors who hold securities accounts for a nominal holder, a foreign nominal holder, an authorized foreign holder, a trustee (a professional securities market player) should provide general information on their customers as of the date when a Russian organization defines persons who are eligible to receive dividends. The aggregate data is submitted to the Depository no later than the next business day following the date when the list of persons entitled to receive dividends is compiled. Aggregate data is provided in a special application form (f. ZV-DR) via SWIFT channels (MT599 format)/EDM (given that an agreement on electronic document exchange is in place)/ in hard copy.

If the aggregate data is transmitted by the Depositor to the Depository via SWIFT channels (MT599 format):

• The message is transmitted using the SWIFT Depositary code of Gazprombank: GAZPRUMM;
• The message is sent from the Depositor's SWIFT code, which is indicated in the Supplementary Agreement between the Depositor and the Depository on the procedure for exchanging information via the SWIFT system. If such Supplementary Agreement has not been made – in the customer profile available in the Depository;
• The SWIFT message (MT599 format), must contain the information specified in the application form (ZV-DR).

In order to obtain a tax break, individual Depositors who are not tax residents of the Russian Federation should submit:

• Application form ZV-DR-VL;
• Official confirmation that the Depositor is a resident of a state with which the Russian Federation has entered into a double taxation treaty (agreement) valid for the relevant tax period (or part thereof).

Documents are submitted for each tax period (one calendar year) up to the initial date of income payment, but no later than one business day from the date on which the list of persons entitled to receive income on securities is compiled.

In order to obtain a tax break, Depositors who are Russian corporations or individuals and are tax residents of the Russian Federation, should submit an application using the ZV-DR-VL form, which is valid indefinitely or until its cancellation by filing in a ZV-DR-VL application form.

To be eligible for a tax break, Depositors who are foreign organizations that do not perform business activities in the Russian Federation through a permanent establishment and apply for the use of preferential tax rates provided for in the treaty on avoidance of double taxation, should submit the following documents:

• The ZV-DR-VL application form;
• A legalized (or apostilled) document (or a notarized copy of such a document) confirming the residence of foreign legal entity in the country with which an international taxation treaty (agreement) was stipulated, in the sense of its application. This document is provided in the form established by the national legislation of the foreign state with which the abovementioned international treaty (agreement) was stipulated, and is certified by the competent authority of the foreign state. If this document is written in a foreign language, the Depository must also contain a notarized translation of this document in Russian.
• Documents confirming the rights of foreign corporations to receive income as dividends, as well as the absence of rights of any third parties that are clients of a foreign corporation to receive such income. For this purpose, each time income is paid, a foreign corporation, in advance, but no later than one business day from the date on which the list of persons entitled to receive income on securities is compiled, should submit to the Depository a statement confirming actual ownership of income (ZV- Vlad Form).

After the tax agent pays taxes to the budget of the Russian Federation, any overpaid tax is refunded in accordance with the procedure provided for in the Tax Code of the Russian Federation.

Gazprombank’s Depository Center is the unrivaled leader in the Russian depository services market, having been assigned the highest reliability rating (AAA). Gazprombank’s depository network is truly unique within Russia as regards both the number of shareholders serviced and the number of affiliated regional depositories. All of the Depository Center’s resources and capabilities are put to work for our customers who can tap into our state-of-the-art services virtually anywhere in the country.Gazprombank’s depository has been operating since 1994 and is currently the leader among Russia’s major custodial depositories.

Advantages of Gazprombank’s Depository

The high technological level of the depository makes it possible for security sales transactions to be performed within the shortest possible timeframe. Gazprombank’s depository interacts with the settlement depository, while catering to market makers and international clearing centers to enable security sales on all Russian stock exchanges. Gazprombank offers its customers a complete array of depository services when conducting credit, pledge, REPO, brokerage and dealer transactions. The Bank’s extensive depository network enables a vast range of depository services to be delivered to customers nationwide.

Gazprombank’s Depositary Center is located at:

2nd Verkny Mikhailovsky proezd 9, bldg. 11, Moscow, 115419 +7 (495) 913-74-74 (telephone contact information)

Information for consumers (individuals and legal entities) of financial services provided by Bank GPB (JSC) in the capacity of a depository

• Full name of the Bank: Gazprombank (Joint Stock Company)
• Short name of the Bank: Bank GPB (JSC)
• Service mark:
• Information about the license for depository activities:

License for Depository Activities No. 177-04464-000100. Date of issue: 10.01.2001. Validity period: without limitation. Issuing authority: Federal Securities Market Commission of Russia

• Location: Moscow
• Postal address: 16 Nametkina St., bldg 1, 117420 Moscow
• Contact phone number: 8-800-100-07-01, +7 (495) 913-74-74
• Official website:  https://www.gazprombank.ru
• E-mail:   mailbox@gazprombank.ru
• Addresses of offices: The list of Bank offices is available at https://www.gazprombank.ru/about/disclosure/ in the section “Information about locations where service agreements with the Bank as a professional securities market participant are made, and documents associated with such services are accepted” • Participation of Gazprombank (Joint Stock Company) in a self-regulatory organization:
• Official website of the Bank of Russia: http://www.cbr.ru
• Participation of Gazprombank (Joint Stock Company) in a self-regulatory organization:

  As an institution engaged in depository activities, Bank GPB (JSC) is a member of the National Association of Securities Market Participants (NAUFOR).

Official website of NAUFOR:  http://naufor.ru

The depository operations of Bank GPB (JSC) comply with the Basic Standard for the Protection of Rights and Interests of Consumers (Individuals and Legal Entities) of Financial Services Provided by Members of Financial Market-Related Self-Regulatory Organizations of Depositories (Minutes No. КФНП-8 dated 24.02.2022). The Basic Standard is available on the official website of the Bank of Russia: https://cbr.ru/securities_market/standarts/

• The following documents contain information on the financial and ancillary services provided by the depository, including services provided for an extra fee; on the procedure for requesting and receiving a service, and related documents; on methods and procedure for amending the terms of a depository contract: - Bank GPB (JSC) Depository Services Terms and Conditions, - Bank GPB (JSC) Terms and Conditions of Depository Services Related to Mortgage Securities Custody and Recording.

The current versions of the documents are available on the official website of Bank GPB (JSC): https://www.gazprombank.ru in the section “About Gazprombank / Disclosure”.

• The following documents contain information on fees (fee calculation procedure) charged by the depository, other types and amounts of charges: - Tariff Rates Charged by Bank GPB (JSC) for Depository and Ancillary Services (for Individuals), - Bank GPB (JSC) Tariff Rates for Depository and Ancillary Services for Legal Entities, Individual Entrepreneurs and Private Practitioners Pursuant to Russian Law.

Information is also available on the official website of Bank GPB (JSC)   https://www.gazprombank.ru in the section “About Gazprombank / Disclosure”.

• The following documents contain information on out-of-court dispute resolution procedures: - Bank GPB (JSC) Depository Services Terms and Conditions, - Bank GPB (JSC) Terms and Conditions of Depository Services Related to Mortgage Securities Custody and Recording.
• The current versions of the documents are available on the official website of Bank GPB (JSC): https://www.gazprombank.ru in the section “About Gazprombank / Disclosure”.

Information on the documents required for a transfer of title to the securities belonging to the depositor to other parties by inheritance under a will or in accordance with federal laws can be found in:

- Bank GPB (JSC) Depository Services Terms and Conditions, the current version of which is available on the official website of Bank GPB (JSC):   https://www.gazprombank.ru in the section “About Gazprombank / Disclosure”,

- the relevant section of Bank GPB (JSC) website: https://www.gazprombank.ru/personal/page/inheritance.

• Inquiries (claims) may be filed by financial services consumers: 1. with Bank GPB (JSC): - in hard copy during a visit to the office of Bank GPB (JSC)*, - electronically via the Feedback section on the official website of Bank GPB (JSC): https://www.gazprombank.ru/feedback/, or by e-mail to: mailbox@gazprombank.ru, - in hard copy by post or courier to the registered address of Bank GPB (JSC): 16 Nametkina St., bldg. 1, 117420 Moscow / Branch of Bank GPB (JSC)**; 2. with NAUFOR: - by post: 18 1st Koptelskiy Lane, bldg 1, Moscow, 129090, - electronically at: https://naufor.ru/lk/tree.asp?n=13710; 3. with the Bank of Russia: - by post: Bank of Russia, 12 Neglinnaya St., 107016 Moscow, - via the online communication form: https://cbr.ru/contacts/.

* - https://www.gazprombank.ru/offices/