AGREEMENT

of January 31, 2025

About the cross-border admission to placement and security circulation at the organized biddings in state members of the Eurasian Economic Union

The state members of the Eurasian Economic Union which further are referred to as with state members

based on the Agreement on the Eurasian Economic Union of May 29, 2014,

for the purpose of creation of proper conditions for functioning within the Eurasian Economic Union (further - the Union) the total financial market, ensuring freedom of implementation of issuing and trading activities with securities on exchange space of state members,

sharing the aspiration to provide protection of the rights and legitimate interests of consumers of financial services and investors,

recognizing need of providing conditions for growth of liquidity of the stock exchange markets of state members,

expressing interest in strengthening of trade and investment cooperation of state members for the purpose of stimulation of development of the financial markets of state members,

relying on the principles of equality and mutual advantage taking into account economic interests of each of state members, agreed as follows:

Article 1

For the purposes of this agreement are used concepts which

mean the following:

"parallel placement" - simultaneous placement of securities at 2 and more exchanges (organizers of trade) of different state members;

"disclosure of information" - ensuring availability of information to all interested persons who are residents of the states - members, according to the procedure established by the legislation of state member in which there is disclosure of information, and also to requirements of the issuer who performed inclusion of securities in the list of the highest category of the exchange (the organizer of trade) of state member in the territory of which the issuer, and to requirements of the exchange (the organizer of the trade) which provided the cross-border admission is registered;

"the list of the highest category" - set of the securities corresponding to the most strict requirements established by the exchange (the organizer of trade) (on each type of securities) according to the admission to placement and (or) the address at the organized biddings;

"the cross-border admission" - the admission to placement (including parallel) and (or) to the address at the organized auction held in one state member, securities of the issuer of other state member by acceptance by the exchange (the organizer of trade) of the relevant decision;

"authorized body" - the body of state member having according to the legislation of this state member powers on implementation of regulation of procedures of issue, placement and security circulation, activities of the exchanges (organizers of trade) and other members of the security market (including licensing) and (or) supervision (control), except for the bodies having powers only in jurisdictions (in the territories) state members with particular legal regime in the field of the financial market;

"securities" - shares and bonds of the issuer accepted by the exchange (the organizer of trade) in state member in the territory of which the issuer, to placement and (or) the address is registered. "securities" - shares and bonds of the issuer accepted by the exchange (the organizer of trade) in state member in the territory of which the issuer, to placement and (or) the address is registered.

Other concepts used in this agreement are applied in the values defined by the Agreement on the Eurasian Economic Union of May 29, 2014 and international treaties within the Union.

Article 2

1. Subject of this agreement is providing the cross-border admission of securities.

2. Each state member provides opportunity to the exchanges (organizers of trade) registered in its territory (further - the state of registration of the exchange (the organizer of trade)) to perform the admission of the securities registered (to which identification number is assigned) in other states - members, to placement (parallel placement) and (or) the address on conditions it is at least favorable, than the conditions shown for the admission of the securities registered (to which identification number is assigned) in this state - the member, taking into account observance of requirements of this agreement.

3. Each state member provides opportunity to the issuers registered in its territory to initiate the cross-border admission taking into account observance of requirements of this agreement.

The issuer shall observe established by the legislation of state member in the territory of which it is registered (further - the state of registration of the issuer), requirements to the organization of placement (address) of securities outside this state.

4. Provisions of this agreement do not extend on:

a) the securities registered (to which identification number is assigned) according to regulatory legal acts (provisions) operating only within jurisdictions (territories) of state members with particular legal regime in the field of the financial market;

b) the exchanges (organizers of trade) performing activities according to regulatory legal acts (provisions) operating only within jurisdictions (territories) of state members with particular legal regime in the field of the financial market.

5. This agreement does not extend to cases when the cross-border admission is initiated by person which is not the issuer.

Article 3

1. The exchange (the organizer of trade) provides the cross-border admission in case of simultaneous accomplishment of the following conditions:

a) registration (state registration) of issue of securities in the state of registration of the issuer is performed according to the procedure, established by the legislation of this state, or assignment of identification number is performed;

b) issue of securities which cross-border admission is initiated at one or several exchanges (organizers of trade) of state members is included in the list of the highest category at the exchange (the organizer of trade) of the state of registration of the issuer.

2. Registration of the prospectus of securities, the report on results of release and (or) placement of securities, other documents accompanying process of issue of securities in authorized body of the state of registration of the exchange (the organizer of the trade) which provided the cross-border admission is not required.

Article 4

The place of transaction with securities concerning which the cross-border admission is provided the state of registration of the exchange (the organizer of trade) in which trade system this transaction is made is recognized.

Article 5

1. Authorized bodies in need of and within the competence established by the legislation of the corresponding state member render the exchanges (organizers of trade) of state members assistance in establishment between the exchanges (organizers of trade) of interaction (including by means of the conclusion the exchanges (organizers of trade) of the relevant agreements).

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