NOTICE TO HOLDERS OF FREE SHARES

Postal Savings Bank Joint Stock Company, Belgrade would like to informs all citizens who are holders of free shares that they can issue orders for the first sale of free shares without charge until 31 December 2022 at the counters of PE Post of Serbia, in accordance with the Regulation amending the Regulation on the procedure and manner in which the legal holder of shares of the Shareholders' Fund issues an order to the broker for the first sale of shares ("Official Gazette of RS" No. 159/20).

22.08.2022 - NOTICE TO CITIZENS ON DIVIDEND PAYMENT FOR FREE SHARES OF NIS J.S.C. NOVI SAD

On Mondey, 22 August 2022, the Central Securities Depository and Clearing House paid a dividend to all citizens who were holders of free shares of NIS J.S.C Novi Sad on 19 June 2022 (Dividend Payment Date).

The net amount of the paid dividend is RSD 30.142 for one free share of NIS J.S.C Novi Sad.

29.11.2021 - NOTICE TO CITIZENS ON DIVIDEND PAYMENT FOR FREE SHARES OF TELEKOM J.S.C., BELGRADE

On Monday, 29 November 2021, the Central Securities Depository and Clearing House paid a dividend to all citizens who were holders of free shares of Telekom J.S.C. Belgrade on 19 June 2021 (Dividend Payment Date).

The net amount of the paid dividend is RSD 4.42 for one free share of Telekom J.S.C. Belgrade.

31.08.2021 - NOTICE TO CITIZENS ON DIVIDEND PAYMENT FOR FREE SHARES OF NIS J.S.C. NOVI SAD

On Tuesday, 31 August 2021, the Central Securities Depository and Clearing House paid a dividend to all citizens who were holders of free shares of NIS J.S.C Novi Sad on 19 June 2021 (Dividend Payment Date).

The net amount of the paid dividend is RSD 5.219 for one free share of NIS J.S.C Novi Sad.

27.11.2020 - NOTICE TO CITIZENS ON DIVIDEND PAYMENT FOR FREE SHARES OF NIS J.S.C. NOVI SAD

On Friday, 27 November 2020, the Central Securities Depository and Clearing House paid a dividend to all citizens who were holders of free shares of NIS J.S.C Novi Sad on 20 June 2020 (Dividend Payment Date).

The net amount of the paid dividend is RSD 23.069 for one free share of NIS J.S.C Novi Sad.

24.11.2020 - NOTICE TO CITIZENS ON DIVIDEND PAYMENT FOR FREE SHARES OF TELEKOM J.S.C., BELGRADE

On Tuesday, 24 November 2020, the Central Securities Depository and Clearing House paid a dividend to all citizens who were holders of free shares of Telekom J.S.C. Belgrade on 15 October 2021 (Dividend Payment Date).

The net amount of the paid dividend is RSD 2.1942 for one free share of Telekom J.S.C. Belgrade.

OVERVIEW OF DIVIDEND PAID FOR FREE SHARES
SALE OF FREE SHARES AT POST OFFICE COUNTERS

Required documentation

The document that citizens need to present for this purpose is a valid ID card.

If a citizen wishes to sell shares on behalf of another person, he/she must bring his/her own valid ID card, and a photocopy thereof, the ID card of the person on behalf of whom the sale is carried out, and one photocopy thereof, as well as two copies of the Special Power of Attorney (original or certified copy), certified by court or by a notary public, of which one copy, along with ID card photocopies, shall be submitted at the post office counter, and the other copy is to be kept for the purpose of subsequent order issuance.

If a citizen is a guardian or has extended parental rights, it is necessary to bring his/her own valid ID card and a photocopy thereof, the ID card of the holder of free shares and a photocopy thereof, two copies (original or certified copy) of the final decision of the competent authority (Social Services Department or Court), as well as two copies of the Life Certificate of the holder of free shares issued by the registrar, of which one copy of the decision of the competent authority and of the Life Certificate along with photocopies of ID cards shall be submitted at the post office counter, and the other copies are kept for the purpose of subsequent order issuance.

Order issuance procedure

The citizen visits a post office with the necessary documentation.

Based on the submitted documentation, the post office counter clerk checks the status of shares, prints the Contract in two copies, and hands it over to the citizen to sign (one copy is kept by the post office counter clerk, and the other copy by the citizen).

For the purpose of issuing the order for selling his/her shares, the citizen shall answer the following questions:

  • Which shares does he/she wish to sell (NIS or Airport shares)?
  • How many shares does he/she wish to sell?
  • What is the minimum price below which he/she does not want his/her shares to be sold?
  • Is the bank account to which the funds from the sale of free shares were paid still active? If it is not active, the citizen gives the card for his/her active account to the post office counter clerk (payment cannot be made to the account for which the citizen is an authorized person).

The post office counter clerk prints the Order in two copies and gives them to the citizen to sign (one copy is kept by the clerk, and the other by the citizen).

When the Order is issued for the first time, two documents are to be signed: the Contract and the Order.

When issuing subsequent orders, the citizen signs only the Order.

Checking the order status

In order for a citizen to find out whether his/her shares have been sold at least for the price he/she stated in the Order, he/she can check the order status in several ways:

  • by calling the Post of Serbia Info Center toll-free number 0800 100 300;
  • by sending an SMS to 2377 with the following text: AKCIJE unique order number. The price of an SMS is RSD 30 + taxes;
  • electronically - by entering a unique Order Number and personal ID number on the website of Postal Savings Bank (www.posted.co.rs) or Post of Serbia (www.posta.rs);
  • by visiting the post office where he/she issued the Order for selling his/her free shares.

Order status check is performed after 16:30 hrs. on the day following the day of order issuance. The funds shall be paid to accounts of citizens whose orders have been executed no earlier than two business from the day of Order execution (and not from the day of issuing the Order).

The unique Order number is the number indicated on the Confirmation of the receipt of the Order issued for the first sale of free shares.

Disposal of funds

Funds from the sale of free shares are paid to the account specified by the citizen in the Order issued for the first sale of free shares.

If the shares have been sold, and the funds have not been paid to the bank whose account is stated in the Order issued for the first sale of free shares for whatever reason, the citizen may withdraw the funds obtained from the sold shares in any Postal Savings Bank branch (but not in post offices).

Additional information

Information on the realized price of free shares at the end of that trading day shall be displayed in all post offices that receive orders for selling free shares by 16:00 h, which shall help citizens with issuing orders and determining the minimum price he/she wants his/her shares to be sold at. The displayed price of the shares at the end of that trading day represents the initial share price for the following trading day.

The same procedure shall apply for trading with all free shares (NIS, Airport, Shareholders' Fund, Telekom and EPS).

Only the sale of free shares is done at the Post of Serbia counters, while the purchase can be made only through brokers.

TRANSFER OF FREE SHARES AND DATA CHANGE

Transfer of free shares and change of data of free shares holders can be done in all branches of Postal Savings Bank Joint Stock Company, Belgrade

DOCUMENTATION REQUIRED FOR DATA CHANGE

Change of data of free shares holders

Personal Identification Number (PIN) - In order to have the PIN changed, the following documents must be submitted to the Bank:

  • Request for change of data (obtained at the Bank's counter);
  • Decision of the Ministry of Internal Affairs containing data on the cancelled and newly assigned PIN. Instead of the Decision of the Ministry of Internal Affairs, the Client may submit a Certificate or Confirmation (issued by the competent Ministry of Internal Affairs office), which states the cancelled and newly assigned PIN and refers to the number of the Decision on cancellation;
  • Copy of the valid ID card with a newly assigned PIN, while the original is submitted for inspection;
  • Proof of payment of the fee.

A new account is opened for the Client without charging the Bank's fee. The Central Securities Depository and Clearing House fee in the amount of RSD 275.00 shall be collected.

Personal data and address - In order to change personal data and address, the following documents shall be submitted to the Bank:

  • Request for change of data (obtained at the Bank's counter);
  • Copy of a valid personal identification document with new data (original is submitted for inspection).

Cash account - In order to change the cash account, the following documents shall be submitted to the Bank:

  • Request for change of data (obtained at the Bank's counter);
  • Copy of a valid personal identification document with new data (original is submitted for inspection);
  • New cash account card (submitted for inspection only).
DOCUMENTATION REQUIRED FOR SHARE TRANSFER

Transfer of shares based on inheritance

For the transfer of free shares based on inheritance, the following documents shall be submitted to the Bank:

  • Request for transfer of free shares (obtained at the Bank's counter);
  • Photocopy of the final court/notary decision on inheritance;
  • Photocopy of the death certificate for the testator which is submitted for inspection (death certificate is not necessary if the decision on inheritance contains the PIN and other personal data of the testator);
  • Transfer order signed by the ordering party - heir (a copy of the transfer order is obtained at the Bank's counter);
  • Copy of a valid personal identification document of the heir (original is submitted for inspection), for a minor, a copy of the birth certificate and a copy of a valid personal identification document of the legal representative or guardian (original is submitted for inspection);
  • Proof of payment of the fee;
  • Other documentation such as Decision of the Social Services Department etc.

If the heir does not have an open proprietary financial instrument account to which the inherited free shares are to be transferred, such account shall be opened with the Bank. The proprietary account is opened without the Bank's fee. The Central Securities Depository and Clearing House fee in the amount of RSD 275.00 shall be collected. The heir submits a copy of a valid personal identification document.

Transfer of shares based on contract on lifetime support

For the transfer of free shares under the Contract on Lifetime Support, the following documents shall be submitted to the Bank:

  • Request for transfer of free shares (obtained at the Bank's counter);
  • Copy of the contract on lifetime support;
  • Copy of the final court/notary decision on inheritance;
  • Copy of the death certificate of the recipient of support is submitted for inspection (death certificate is not required if the decision on inheritance contains the PIN and other personal data of the recipient of support);
  • Transfer order signed by the order issuer - provider of support (a copy of the transfer order is obtained at the Bank's counter);
  • Copy of a valid personal identification document of the provider of support (original is submitted for inspection), for a minor, a copy of the birth certificate and a copy of a valid personal identification document of the legal representative or guardian (original is submitted for inspection);
  • Proof of payment of the fee.

If the heir does not have an open proprietary financial instrument account to which the inherited free shares are to be transferred, such account shall be opened with the Bank. The proprietary account is opened without the Bank's fee. The Central Securities Depository and Clearing House fee in the amount of RSD 275.00 shall be collected. The heir submits a copy of a valid personal identification document.

Transfer of shares based on Deed of Gift

For the execution of a share transfer on the basis of the Deed of Gift, the following documents shall be submitted to the Bank:

  • Request for transfer of free shares (obtained at the Bank's counter);
  • Deed of Gift certified by court/notary public (the Deed of Gift must contain the identification data of the donor and the donee, ISIN number and the number of shares to be donated) - original or certified copy;
  • Transfer order signed by the donor (a copy of the transfer order is obtained at the Bank's counter);
  • Copies of valid personal identification documents of the donor and the donee (originals are submitted for inspection);
  • Proof of payment of the fee.

If the donee does not have an open proprietary financial instrument account to which the donated free shares are to be transferred, such account shall be opened with the Bank (the account is opened for a fee, the donee submits a copy of a valid personal identification document).

FREQUENTLY ASKED QUESTIONS AND ANSWERS

1. Does Post of Serbia and/or the Bank redeem free shares?
The Bank and the Post of Serbia do not redeem free shares, they just mediate the sale in a way that they forward the issued sales orders to the Stock Exchange, where the purchase and sale of the shares are done.

2. Will I lose the right to shares if I do not sell them by 31 December 2022?
No, but sale of free shares after 31 December 2022 shall not be free of charge, that is, clients shall bear the costs of brokerage service, Stock Exchange, Central Securities Depository and Clearing House and Bank fees.

3. Are there any costs associated with selling the shares?
No, unless a citizen decides to check whether his order has been executed by sending an SMS.

4. Who should I contact if I want to sell my shares?
You need to contact the post office counter clerk authorized to receive orders for the first sale of free shares.

5. Is it necessary to submit a share certificate when issuing the sales order?
No, it is not.

6. Can I issue the order now and conclude the contract later?
No, concluding the contract is a prerequisite for issuing the order. The contract is concluded only once, immediately before issuing the first sales order.

7. What price should I specify in the sales order?
The client himself/herself makes the decision on the price stated in the sales order. Post Office counter clerks must not in any way suggest a price or number of shares to be sold at the time of issuing order.

8. What happens if I am not satisfied with the price?
While issuing the sales order, the client lists the minimum price at which he/she is willing to sell his/her shares, i.e., the shares cannot be realized at the price lower than the one listed in the order. The client can issue an order at the price he/she deems appropriate, regardless of the fact that the listed price is not close to the current one, i.e., he/she can monitor the fluctuation of prices and issue the order once the price is close to the one the client intends to list.

9. How do I know that my shares have been sold at the price I listed?
The form of the order is such that the shares cannot be sold at the price lower than the one listed in it, hence, if the shares are sold, it must be minimum at the price listed.

10. If I am satisfied with the share price today, can I issue a sales order the same day, or do I have to do it earlier? How early?
All orders issued at the post office counters by 09:30 shall be listed on the Stock Exchange on the same day, and orders issued after 09:30 shall be listed on the Stock Exchange on the next business day.

11. Can I sell only a part of the shares?
Of course. Also, each subsequent sale of free shares made on the Stock Exchange until 31 December 2022 shall be exempt from taxes and other transaction costs.

12. Can I issue a sales order, and then change my mind?
Yes, a sales order can be cancelled at the post office counter by issuing the cancellation order, provided that the sales order has not been executed on the Stock Exchange.

13. Does the share price change, and if it does, what does the price change depend on?
The share price changes depending on the changes in supply and demand on the Stock Exchange.

14. Does issuing a sales order mean that my shares are sold?
Issuing the order alone does not mean that it has been executed, i.e. the Bank is obliged to list the orders received at the post office counters on the Stock Exchange where the pairing of sales and purchase orders is done. If there are no purchase orders on the Stock Exchange at that time, the sales orders issued at the post office counters will not be executed.

15. Once I issue a sales order, how long does it take to have the money transferred to my bank account?
Money transferring depends on the time of order execution (payment is made two business days following the day of order execution), and not on the day of issuing the order at the post office counter.

16. Where is the money obtained from sold shares deposited?
Payment is made to the cash account you provided when applying for free shares, or when issuing the sales order, at which time a post office counter clerk authorized to receive orders for the first sale of free shares enters information about the new account.

17. Can I withdraw the money at any post office?
The money obtained from the sale of free shares can be withdrawn from the bank account at any post office, after your identity has been verified upon inspection of your ID card. If the payment was made to a cash account which was not assigned at the time of submitting the application for free shares, the cash account card is submitted along with the ID card.

18. Do I have to withdraw the money obtained from the sold shares immediately and are there any expenses if I do not withdraw the money immediately?
There is no time limit for withdrawing money obtained from sold shares which has been transferred to your Bank account, however, no interest is paid on the funds held in this account. There are no maintenance, opening or closing costs for cash accounts assigned at the time of submitting an application for free shares.

19. Are there authorized persons for cash accounts?
There are no authorized persons for free shares cash accounts assigned when applying for free shares. A special purpose account for the shares can be opened with the Bank (which is used for both free and all other shares) which has the option of giving authorization to other persons to use the account.

20. I lost my card, i.e. I forgot my cash account number.
If the cash account is different from the one listed at the time of submitting an application for free shares, the client is obliged to submit a new cash account card, or to present the bank contract, since not all banks issue cards.

21. Do I have to re-issue the order after 90 days when the order expires or is it automatically renewed?
If the sales order is not executed within 90 days from the day of issuance, the client is obliged to issue a new sales order. The Bank and the Post of Serbia do not notify customers that their sales order has expired.

22. Can I issue orders at different post offices each time?
Of course, provided that you have free shares available in your proprietary account with the Central Securities Depository and Clearing House.

23. My parents work abroad. Can I issue an order on their behalf?
Orders for free shares are issued in person or through an authorized person, in which case it is necessary to submit a special court power of attorney issued for these purposes (the Special Power of Attorney form can be obtained at the Bank and Post of Serbia counters, as well as downloaded from the Bank's website).

24. Can sales orders be issued at the post office counters only based on the Decision on Inheritance?
NO. The shares must first be transferred from the testator to the heir. The transfer of shares is done exclusively at the Bank, and not at the post office counters.

25. Can purchase orders be issued at post office counters?
NO. Only orders for the sale of free shares can be issued at post office counters.

26. Can I purchase shares from other persons?
Yes, but not according to this procedure. You need to sign a new contract with an investment company or an authorized bank through which you can issue a purchase order.

27. When will I be able to sell the shares of Telekom and the Shareholders' Fund?
Shares of Telekom and Shareholders' Fund will be available for sale upon their listing on the Stock Exchange.

28. Can I sell my shares independently of the Stock Exchange to a natural or legal person who offers me a better price?
The sale of shares of public companies is possible only on the Stock Exchange by issuing orders through brokers which are then executed on the Stock Exchange.

29. When is the deadline for selling free shares?
There is no deadline. However, if the question refers to the sale of shares without taxes and costs of brokerage services, the deadline is 31 December 2022.

30. What if I do not want to sell shares through the Selected Broker (Postal Savings Bank, joint stock company, Belgrade)?
If you opt for another broker, you need to contact the Selected Broker, who will transfer free shares to another broker free of charge. In this case, you bear the costs of brokerage services yourself, but you are exempt from paying fees to the Central Securities Depository and Clearing House and the Stock Exchange for the sale of free shares, if the sale is made by 31 December 2022.

31. What documents are required and who should I contact regarding the change of personal data (e.g. change of first or last name, Personal Identification Number - PIN, address etc.)?
Change of personal data can be done in all branches of the Bank. In order to change the data on the ID card number, first name, last name, address, you need a valid ID card. To change the PIN, you need a valid ID card and the decision, i.e. certificate issued by the Ministry of Internal Affairs, containing information about the invalid and valid PIN number.

32. I have inherited free shares. What is the procedure concerning the transfer of shares and what documentation should I prepare?
Changes to the ownership of shares can be done based on the final decision on inheritance in all branches of the Bank. The list of required documents is available at the Bank's website.

33. I would like to know where I can check the balance on the proprietary account for free shares?
You can check the balance on the proprietary account for free shares in all branches of the Bank.

ADDITIONAL INFORMATION

Additional information about the Bank as an Investment Company can be obtained every business day from 08:00 to 16:00 by phone at +381 11 3024 238, +381 11 3024 292, by fax at +381 11 3024 227, or by e-mail at broker@posted.co.rs