Notices shall meet the language requirements of Section 10.04 of the Standard Terms and Conditions. The following addresses are specified for purposes of Section 10.01 of the Standard Terms and Conditions, except that any notice shall be deemed to be delivered if by hand, mail, or in pdf or similar format by electronic mail:

For the Guarantor:

Ministry of Finance of the Republic of Serbia 20 Kneza Miloša Street 11000 Belgrade Serbia

Attention: Minister of Finance

Email: kabinet@mfin.gov.rs

For EBRD:

European Bank for Reconstruction and Development Five Bank Street London E14 United Kingdom

Attention: Banking Services / Operation No. 54039

Telephone: +44 20 7338 6000 Email: bankingservices @ebrd.com