FEES AND COMMISSIONS. I. Fees and commissions charged to Participants to the regulated spot market/ alternative trading system administered by SIBEX

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FEES AND COMMISSIONS

I. Fees and commissions charged to Participants to the regulated spot market/ alternative trading system administered by SIBEX

a) General fees

# Fee Value

1. Fee for admission as Participant – regulated spot market 0 lei

2. Fee for admission as Participant – alternative trading system 0 lei

3. Monthly fee for Participant – connection to the trading system

150 Euro + VAT

Starting with the transfer on the new trading system, the participants which will connect to the system through their own applications will pay only the fee of

150 Euro + V.A.T./month. This fee is for connecting to Sibex trading system, both for derivatives market and for regulated spot market and alternative trading system.

During March 31 – June 30, 2015, the holiday fee period will be extended, thus there will be applied an exemption from the fee of 150 Euro + V.A.T./month

if a participant activates both on the regulated derivatives market administered by Sibex and on the regulated spot marker administered by Sibex OR the alternative trading system administered by Sibex.

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b) Fees and commissions for the regulated spot market administered by SIBEX

# Fee/commission Value

1. Annual fee for Participant 1.000 lei

2. Trading commission on public offerings and other special operations market (shares)

- Initial public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Primary public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Other primary methods for sale: 0.1% of the sale value,

0% of the buy value

- Secondary public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Other secondary methods for sale: 0.1% of the sale value,

0% of the buy value

- Public offerings for purchase: 0.1% of the sale value,

0.1% of the buy value.

3. Trading commission on public offerings and other special operations market (bonds)

- Initial public offerings for sale: 0 % - Primary public offerings for sale: 0 % - Other primary methods for sale: 0 % - Secondary public offerings for sale: 0.02% of the sale value,

0.01% of the buy value

- Other secondary methods for sale: 0.02% of the sale value,

0.01% of the buy value

- Public offerings for purchase: 0.02% of the sale value, 0.01% of the buy value.

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4. Trading commission on Main Market (shares, rights, structured products, ETFs) 0.1% of the sale value 0.04% of the buy value 5. Trading commission (shares, structured products, ETFs) for the market Participants who have the Market Maker

quality 0

6. Commission for trading all types of bonds 0.02% of the sale value 0.02% of the buy value 7. Treasury bonds trading commission 0.0005% of the sale value 0.0005% of the buy value

8. Commission for buy-in/sell-out trades or commission for trades generated by the special buying/selling procedure 1% of the trade value, applied to the Participant due to which the respective operation/procedure was initiated 9. Error correction fee for trading (shares, rights, structured products, ETFs) 1% of the sale value 1% of the buy value

10. Error correction fee for trading (all types of bonds) 0.5% of the sale value 0.5% of the buy value 11. Error correction fee for trading (treasury bonds) 50 lei

12. Error correction fee for trading treasury bonds applicable to market participants who have the Market

Maker quality 50 lei

13. Invalidation fee for trades with treasury bonds 50 lei 14. Invalidation fee for trades with treasury bonds for market participants who have the Market Maker quality 50 lei

15. Additional error correction fee for trading (shares, rights, all types of bonds, structures products. ETFs)

2000 lei-for a calendar year, for the third and forth trading correction request

3000 lei- for a calendar year, for the fifth trading correction request

5000 lei- for a calendar year, for the sixth trading correction request

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Active broker SPOT + Derivatives markets

c) Fees and commissions for the alternative trading system administered by SIBEX

# Fee/commission Value

1. Annual fee for Participant 1.000 lei

2. Trading commission on public offerings and other special operations market (shares)

- Initial public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Primary public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Other primary methods for sale: 0.1% of the sale value,

0% of the buy value

- Secondary public offerings for sale: 0.1% of the sale value,

0% of the buy value

- Other secondary methods for sale: 0.1% of the sale value,

0% of the buy value

- Public offerings for purchase: 0.1% of the sale value,

0.1% of the buy value.

3. Trading commission on public offerings and other special operations market (bonds)

- Initial public offerings for sale: 0 % - Primary public offerings for sale: 0 % - Other primary methods for sale: 0 % - Secondary public offerings for sale: 0.02% of the sale value,

0.01% of the buy value

- Other secondary methods for sale: 0.02% of the sale value,

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0.01% of the buy value

- Public offerings for purchase: 0.02% of the sale value, 0.01% of the buy value. 4. Trading commission on Main Market (shares, rights, structured products, ETFs) 0.1% of the sale value 0.04% of the buy value 5. Trading commission (shares, structured products, ETFs) for the market Participants who have the

Market Maker quality 0

6. Trading commission for the EGES certificates 0.1% of the sale value 0.05% of the buy value 7. Commission for trading all types of bonds 0.02% of the sale value 0.02% of the buy value 8. Commission for buy-in/sell-out trades or commission for trades generated by the special

buying/selling procedure

1% of the trade value, applied to the Participant due to which the respective operation/procedure was initiated

9. Error correction fee for trading (shares, rights, structured products, ETFs) 1% of the sale value 1% of the buy value 10. Error correction fee for trading (all types of bonds) 0.5% of the sale value 0.5% of the buy value

11. Additional error correction fee for trading (shares, bonds, rights, structured products, ETFs)

2000 lei-for a calendar year, for the third and forth trading correction request

3000 lei- for a calendar year, for the fifth trading correction request 5000 lei- for a calendar year, for the sixth trading correction request

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II. Fees and commissions charged to Issuers of financial instruments a) on the regulated spot market administered by SIBEX

# Fee Value

1. Processing fee for admission to trading of shares, rights, bonds 1.000 lei

2. Processing fee for admission to trading of structured products, ETFs 1.000 lei

Admission to trading

# Fee Value

1. Section “Shares” 0.1% of the market value of the issue, but not more than 10.000For other types of listings than the public offering – 3.000 lei lei

2. Section “Rights” 0 lei

3. Section “International shares” 3.000 lei

4. Section “International rights” 0 lei

5. Section “Corporative bonds” 0.008% of the nominal value of the issue, but not more than 10.000 lei

6. Section “Municipal bonds” 0,001% of the nominal value of the issue

7. Section “International bonds” 0,001% of the nominal value of the issue

8. Section “Treasury bonds” 0

9. Section “Shares issued by CIU” 3000 lei

10. Section “Fund units (CIU)” 3000 lei

11 Section „Other debt securities” 0,001% of the nominal value of the issue

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13 Section „ETFs” 2000 lei

Maintenance to trading

# Fee Value

1. Section “Shares” 2.000 lei/year For shares admitted to trading without the Issuer’s agreement the fee for maintenance to trading is not charged

2. Section “Rights” 0 lei

3. Section “International shares” 0 lei

4. Section “International rights” 0 lei

5. Section “Corporative bonds” 1.000 lei/year

6. Section “Municipal bonds” 0.04% of the nominal value of the issue

7. Section “International bonds” 0.01% of the nominal value of the issue

8. Section “Treasury bonds” 0 lei

9. Section “Shares issued by CIU” 3000 lei/year

10. Section “Fund units (CIU)” 3000 lei/year

11 Section „Other debt securities” 0,001% of the nominal value of the issue

12 Section „Structured products” 2000 lei

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b) on the alternative trading system administered by SIBEX

# Fee Value

1. Processing fee for admission to trading of shares, rights, bonds 200 lei

2. Processing fee for admission to trading of structured products, ETFs 200 lei

Admission to trading

# Fee Value

1. Section “Shares” 500 lei

2. Section “Rights” 0 lei

3. Section “International shares” 500 lei

4. Section “International rights” 0 lei

5. Section “Corporative bonds” 0.008% of the nominal value of the issue, but not more than 500 lei

6. Section “Municipal bonds” 0,001% of the nominal value of the issue

7. Section “International bonds” 0,001% of the nominal value of the issue

8. Section “Other debt securities” 0,001% of the nominal value of the issue

9. Section “Shares issued by CIU” 500 lei

10. Section “Fund units (CIU)” 500 lei

11. Section “Structured products” 500 lei

12. Section “Financial instruments admitted to trading on a regulated market (traded, but not listed on the alternative

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13. Section “ETFs” 500 lei

Maintenance to trading

# Fee Value

1. Section “Shares” 300 lei/year

2. Section “Rights” 0 lei

3. Section “International shares” 0 lei

4. Section “International rights” 0 lei

5. Section “Corporative bonds” 300 lei/year

6. Section “Municipal bonds” 0.001% of the nominal value of the issue

7. Section “International bonds” 0.001% of the nominal value of the issue

8. Section “Other debt securities” 0.001% of the nominal value of the issue

9. Section “Shares issued by CIU” 300 lei/ year

10. Section “Fund units (CIU)” 300 lei/ year

11. Section “Structured products” 300 lei/ year

12. Section “Financial instruments admitted to trading on a regulated market (traded, but not listed on the alternative

trading system)” 0

13. Section “ETFs” 300 lei/ year

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