Russia: Settlement of Depository Receipts - Update

15.11.2023

Note: This announcement, originally published on 15 June 2023, has been updated with additional details. Changes have been highlighted.

Clearstream Banking1informs clients that it has suspended settlement in Russian depository receipts (DR) with underlying Russian shares (please refer to Announcement A22107).

This is owing to uncertainties and circumstances beyond its control with regard to the automatic and forced conversion procedures set forth under the Federal Law No.319-FZ

Clearstream Banking has received confirmation that reconciliation of converted positions under automatic and forced conversions for the below mentioned programmes has been successfully completed at market level. Conditions are therefore set for the opening of settlement for these DR programmes only, with the exception of receipt transactions over Bridge or domestic.

Impact on clients

Effective

immediately

settlement is resumed for the following DR programmes:

Common Code

ISIN

Security Name

031527996

US6708482095

GDR JSC OGK-2 REGS REG 1 DR/ 100 SHS

031526655

US6708481006

GDR OGK OAO 144A REG 1 DR/100 SHS

124406129

US1641451042

GDR CHERKIZOVO GROUP 144A  REG (1DR/0.667SHS)

124407524

US1641452032

GDR CHERKIZOVO GROUP REGS  REG (1DR/0.667 SHS

036273372

US3133541025

GDR FED GRID CO PJSC 144A  REG

036273577

US3133542015

GDR FED GRID CO PJSC REGS  REG (1DR/ 500SHS)

039197863

US45835N1054

GDR PJSC INTER RAO UES 144A  REG

039322790

US45835N2045

GDR PJSC INTER RAO UES REGS  REG

032418384

US67011U1097

GDR NOVOROSSIYSK CSPP 144A  REG

032417710

US67011U2087

GDR NOVOROSSIYSK CSPP REGS  REG

029673527

US69338N2062

GDR PJSC PIK GROUP REGS  REG

017822373

US7416251079

ADR PRIMORSKY SHIPPING (1ADR/10SHS)

Further information

For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.

------------------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG clients using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.