LIST OF THE EXECUTION VENUES FOR DEALS WITH FINANCIAL INSTRUMENTS

In relation to the requirements set by the Bulgarian Law of Markets in Financial Instruments and Ordinance No38 of the Financial Supervision Commission regarding the requirements towards the activities of the investment intermediaries, which were adopted in relation to the enforcement of the Markets in Financial Instriments Directive (MiFID for short) of the European Parliament, Raiffeisenbank () EAD’s Policy on the Execution of Clients Orders for Financial Instrument Deals shall include information about the execution venues for the respective deals. This list of execution venues is not exhaustive; only are those venues included which, according to Raiffeisenbank (Bulgaria) EAD, are of exceptional importance. This list is to be reviewed and updated in compliance with the Policy on the Execuiton of Clients Orders. Raiffeisenbank (Bulgaria) EAD preserves the right to use – in addition to the execution venues included in the list, - any other venue deemed appropriate in accordance with its Policy on the Execution of Clients Orders.

In case of change of the execution venues for deals in financial instuments, the list is to be amended, but this shall not lead to changes in Raiffeisenbank (Bulgaria) EAD’s Policy on the Execution of Clients Orders for Financial Instrument Deals itself.

LIST OF EXECUTION VENUES

XBUL Bulgarian (BSE) XAMS AMSTERDAM XASE AMERICAN STOCK EXCHANGE (AMEX) XASX ASX – Australian Securities Exchange XATH ATHENS STOCK EXCHANGE (ASE) XBER Berlin-Bremen XBKK Bangkok Stock Exchange XBRA Burza Cennych Papierov v Bratislave (BCPB) XBRN BX Berne eXchange XBRU Euronext Bruxelles XBSE BUKAREST STOCK EXCHANGE XBUD Budapesti boerse XCSE OMX Nordic Exchange, Copenhagen Equities XDUB IRISH STOCK EXCHANGE XDUS Düsseldorf XETR Deutsche Börse ü Frankfurt XFRA Deutsche Börse ü Frankfurt Parkett XHAM Hamburg XHAN Hannover XHEL OMX Nordic Exchange, Helsinki Equities XHKG HONGKONG STOCK EXCHANGE XJKT JAKARTA STOCK EXCHANGE XJSE JOHANNESBURG STOCK EXCHANGE XKLS XKOR (KRX) XLIS Euronext Lisboa

XLIT OMX Vilnius Stock Exchange XLJU Ljubljanska Borza XLON (LSE) XLUX BOURSE DE LUXEMBOURG XMAD BOLSA DE MADRID XMAE Skopje – Macedonian Stock Exchange (MSE) XMIL BORSA ITALIANA XMOS MOSKAU C. XMUN München XNMS XNYS NEW YORK STOCK ECHANGE (NYSE) XNZE Exchange (NZX) XOSL STOCK EXCHANGE OSLO XOTC NASD – NASDAQ XPAR MTS France XPRA Burza Cennych Papru Praha (BCPP) XQMH SWX Quotematch AG XSES (SGX) XSSE OMX Nordic Exchange, Stockholm Equities XSTU Börse Stuttgart XSWX SCHWEIZER BOERSE (SWX) XTAL OMX Tallinna Börs XTKS XTSE (TSE) XTSX TSX Venture Exchange XVIE WIENER BOERSE XVTX Virt-x XWAR Centralna Tabela Ofert (CeTO) XZAG

2