RNS Number : 5926P

Deutsche Bank AG London

10 June 2020

10-Jun-20

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in

which such distribution would be unlawful.

The Republic of Serbia

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 11/05/20₁ Deutsche Bank AG (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)₂ was undertaken by the Stabilisation Manager(s)₃ named below in relation to the offer of the following securities.

The Securities:

Issuer: The Republic of Serbia (represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance)

Aggregate nominal amount: EUR 2bn                    

Description: The Republic of Serbia EUR 2bn 3.125 per cent. Notes due 2027

Stabilisation Manager(s): BNP Paribas / Citi / Deutsche Bank / J.P. Morgan                                                                           

Offer Price: 98.464

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