Naftna Industrija Srbije : Notification to CSD members (submitting Residence Certificate and information on beneficial owners of income)

Notification to members of the

Central securities depository and clearing house

(submitting Residence Certificate and information on beneficial owners of income)

On XIII Ordinary Meeting held on 29 June 2021, Shareholders' Assembly has adopted the Decision on distribution of profit prom previous years, coverage of loss of NIS j.s.c. Novi Sad for 2020, dividend payment and determining the total amount of retained profit of NIS j.s.c. Novi Sad by which the payment of dividends to shareholders of NIS j.s.c. Novi Sad in cash was approved in the gross amount of 1,001,190,856 RSD or the gross amount per share of 6.14 RSD.

Right to receive dividend payment have the shareholders of NIS j.s.c. Novi Sad - persons who were registered in the Central Securities Depository and Clearing House as legal holders of shares of NIS j.s.c. Novi Sad on shareholders day (record date) of the XIII Ordinary Meeting of Shareholders' Assembly i.e. on 19 June 2021 (dividend date).

For the purpose of calculating the capital income tax and profit tax realized by shareholders who are non-resident taxpayers on the basis of dividends, which are paid at source, and in order to apply the appropriate tax rate from the agreement on avoiding double taxation, please provide for your nonresident clients who hеld shares on the dividend date (19 June 2021) and who are residents of countries with which the Republic of Serbia has signed the contract for the avoidance of double taxation, a residence certificate for 2021 certified by the competent authority of the country of residency on the form prescribed by the Serbian tax authorities (POR-2) or certificate and a certified translation of the certificate issued on a form prescribed by the competent authority of the country of residency with which the contract on the avoidance of double taxation is signed. Residence certificate and certified translation of the foreign certificate of residency is to be submitted by 30 July 2021.

Also, custodian banks and investment firms that hold custodian or omnibus accounts need to provide for their clients the data and evidence of beneficial owners of income (for individuals: full name, address, personal identification number, and for legal persons: name, residence, tax identification number) no later than 30 July 2021.

For non-resident shareholders for whom a proof of residency and certified translation was not provided and for shareholders for whom the information and evidence about the beneficial owners of income is not timely submitted, NIS will calculate, withhold, and pay the tax at the applicable tax rate prescribed by applicable regulations of Serbia.

Information and evidence about the beneficial owners of income and original or certified copy of the residence certificate must be submitted to the address of the corporate agent of NIS j.s.c. Novi Sad: OTP banka Srbija a.d. Novi Sad

Bulevar Mihajla Pupina 111/I 11070 Belgrade

Serbia

note: for Brokerage activities unit

More detailed information can be obtained by phone:

[phone] - Vladimir Edelinski (NIS j.s.c. Novi Sad)

[phone] - Aleksandra Smiljković (OTP banka Srbija a.d. Novi Sad)

Head of

Corporate Affairs Department

NIS j.s.c. Novi Sad

Mirjana Stanojević

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