Frequently asked questions about converting Depository Receipts into Russian Gazprombank shares

Gazprombank answers the most frequently asked questions about filing documents, identification (account verification), help of a representative, and declarative DR conversion.


IF I DO NOT HAVE TIME TO IDENTIFY MYSELF, WILL I RECEIVE SHARES OF PJSC GAZPROM?

Yes. Until you undergo identification, you may use the account opened for you only to receive shares of PJSC Gazprom, which will be credited to your account.

IS IT POSSIBLE TO UNDERGO IDENTIFICATION ONLINE, BY VIDEO / IN GPB LUXEMBOURG, GPB SWITZERLAND, AT REPRESENTATIVE OFFICE IN ZURICH, BEIJING, ETC.

It is not possible.

In order to submit the documents for the identification and conclude a depository agreement, you or your representative acting on the basis of a duly executed power of attorney shall visit the Bank office providing depository services to individuals.

Please note, the power of attorney must be certified at the consulate of Russia.

If you cannot visit the office personally, you may issue a power of attorney to your representative.

In order to avoid difficulties with checking the power of attorney and accepting it at the office of GPB Bank (JSC), we recommend that a power of attorney issued outside the Russian Federation be certified at the consulate of the Russian Federation; or provide a power of attorney with an apostille confirming the presence of a notary in the country, registration and his signature, together with the translation of such a power of attorney into Russian with certification from a Russian notary.

WHAT IS REQUIRED TO IDENTIFY AN INDIVIDUAL?

For personal identification, you must have an identity document with you.

If foreign language documents issued outside the Russian Federation are provided to the Depository, their properly certified translation shall also be provided along with the documents. The requirement to submit documents along with a duly certified translation into Russian shall not apply to identification documents of an individual issued by relevant authorities of the foreign state provided that the individual has a document confirming the lawful right to stay in Russia (e.g., visa, migration card).

I OWN LUKOIL, SBERBANK, GAZPROM NEFT DRS (OR ANY OTHER ISSUER), MAY I OPEN A SECURITIES ACCOUNT IN A SIMPLIFIED MANNER?

Gazprombank opens a type “C” securities account in a simplified procedure only for holders of DRs for PJSC Gazprom shares – persons who are not residents of the Russian Federation.

DO YOU HAVE ONLINE BANKING?

Unfortunately, channels for remote depository services for individuals are not provided.

The depository's clients - individuals are serviced at the Bank's offices providing depositary services.

TERM AND PROCEDURE OF DECLARATIVE DR CONVERSION

An Application for the declarative conversion of Gazprom's DR can be submitted until October 11, 2022.

The procedure for declarative DR conversion of is published on Gazprombank's website in the section Depository Services.

WILL I NEED TO SUBMIT AN APPLICATION OR OTHER DOCUMENT FOR DECLARATIVE DR CONVERSION?

Yes, it is necessary to submit an application. You can download the application form from Gazprombank's website.

IF I OWN DEPOSITORY RECEIPTS OF OTHER ISSUERS (SBERBANK, LUKOIL, GAZPROM NEFT, ETC.), CAN I APPLY FOR DECLARATIVE CONVERSION TO THE GAZPROMBANK DEPOSITORY?

You cannot. Gazprombank's depository is a depository where the account of depository programs is opened only for the record-keeping of the rights to the JSC Gazprom shares. Thus, you can apply to Gazprombank's depository only for the declarative conversion of Gazprom's depositary receipts.

WHAT DOCUMENTS WILL I NEED TO HAVE?

For individuals:

Mandatory documents
-          Identity document (passport);
-          Confirming the rights to Depositary Receipts (as of the date)
-          Confirming the inability to receive the Shares;
-          Information (details, documents) confirming the rights to Depositary Receipts (in the chain of ownership);

Supportive documents:
- according to clause 4.2 of the Application
- information about encumbrances or restrictions on the management of Depositary Receipts established in the Foreign Entity
Recommendations for completing the Application are attached

DEADLINE FOR PROCESSING THE APPLICATION FOR DECLARATIVE CONVERSION

The depository must process Applications for declarative conversion no later than 10 working days from the date of expiry of the deadline for accepting Applications for declarative DR conversion, i.e. from October 11.

HOW CAN I GET INFORMATION ABOUT THE DECISION MADE ON MY APPLICATION FOR DECLARATIVE CONVERSION

Contact the Gazprombank office where the Application was submitted and receive a report on the crediting of Shares to the securities account or a refusal to transfer Shares. Taking into account the deadlines required for processing applications and a set of documents, you can receive these reports no earlier than November 1, 2022.

CAN I APPLY FOR DECLARATIVE CONVERSION AT YOUR REPRESENTATIVE OFFICE IN ANOTHER COUNTRY/BY MAIL/ONLINE?

No.

WHERE CAN I APPLY FOR DECLARATIVE CONVERSION?

An Application for the declarative DR conversion must be submitted to the Bank's office, which provides support to clients of individuals and legal entities within the framework of depository and banking services, located at the address: Moscow, 2nd Upper Mikhailovsky Passage, 9, p.11.

I CANNOT PERSONALLY APPLY FOR AN APPLICATION

On behalf of the Applicant, a representative may act under a notarized power of attorney, who signs the documents for opening a Securities Account, as well as an Application.

A notarized power of attorney issued outside the Russian Federation must be legalized/apostilled with a translation into Russian, which is certified by a notary of the Russian Federation or the consular service of the Russian Federation.

THE DECLARATIVE CONVERSION SERVICE IS PAID
The invoice for the services of declarative conversion of DRs may be received upon the acceptance of the Application and the Set of Documents and can also be sent to the Applicant's email address.

The tariff for the service of crediting shares of Gazprom PJSC to the securities account as a result of the declarative conversion of depositary receipts is set at 1.5 rubles per share of Gazprom PJSC (VAT free).

DO I NEED TO OPEN A SECURITIES ACCOUNT TO RECEIVE SHARES ON IT AS A RESULT OF DECLARATIVE CONVERSION?

No. For the purpose of declarative conversion, it is not required to open a separate securities account, documents for opening an account are provided together with an Application and a set of documents for declarative conversion. In case of conversion, the account will be opened for this set, the shares will be credited to the open account.

LIST OF POWERS TO BE INCLUDED IN THE POWER OF ATTORNEY TO REPRESENT AN INDIVIDUAL:

1. Execute the following agreements on my behalf:
- comprehensive banking service agreement;
- agreement on bank account opening and emission and use of bank cards.

2. Sign on my behalf application for comprehensive banking service, application for comprehensive banking service and issuance of a Bank GPB (JSC) bank card, including consent to my personal data processing and my consent to receive advertising materials on the Bank’s services and products.

3.     Sign on my behalf applications and documents for participation in the declarative conversion of depository receipts, opening bank accounts and deposits

4.   Initiate any transactions in compliance with the depository service terms and conditions that are in effect at Bank GPB (JSC), including changes in the details provided in the questionnaire and bank details as well as transactions with foreign financial instruments not qualified as securities.

5. Initiate:

-       instructions to open and close securities accounts, subaccounts of the securities accounts;
-       instructions to change the securities account details, details provided in the questionnaire and banking details;
-       instructions to carry out transactions to accept securities for custody and (or) record keeping;
-       instructions to carry out transactions to withdraw securities from custody and (or) record keeping;
-       instructions to transfer securities;
-       instructions to register the pledge of securities, including subsequent pledge; transfer pledged securities, terminate the pledge;
-       instructions to receive securities account statements and certificates;
(list any other transactions)

6. Pay for the services and effect other settlements to undertake the actions specified above.

7. Receive and transfer any communications, documents and reports associated with securities account services and execution of any depository transactions as well as dealing with foreign financial instruments not qualified as securities.

8.     Provide for me and on my behalf a consent to submit my details to foreign tax authorities, including the U.S. Internal Revenue Service (IRS) and state authorities of the Russian Federation (including the Central Bank of Russia, a federal executive body authorized to undertake actions to combat money laundering and terrorism financing, a federal executive body authorized to control and monitor taxes and levies), fill in and sign any self-certification forms, submit any information and provide comments for the purposes of compliance with the foreign account tax law of foreign states



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