Notices shall meet the language requirements of Section 10.04 of the Standard Terms and Conditions and 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 The Republic of Serbia

Attention: Minister of Finance Email: kabinet@mfin.gov.rs

For EBRD: European Bank for Reconstruction and Development 5 Bank Street London E14 4BG United Kingdom

Attention: Banking Services / Operation No. 56092

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