PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of March 3, 2016 No. 84

About questions of issue and the circulation of shares with use of foreign depositary receipts

For the purpose of creation of conditions for attraction of foreign investments by the organizations of the Republic of Belarus with use of foreign depositary receipts:

1. Determine that:

1.1. open joint stock companies for the purpose of attraction of foreign investments of the requirements of this Decree having the right with observance:

perform share issue of additional release, the foreign depositary receipts placed with use;

make general shareholder meeting the decision on acquisition of the shares of own issue by joint-stock company for the purpose of determined by legal acts of the Republic of Belarus and also for the purpose of their subsequent transfer to the foreign or international legal entity (to the organization, not being the legal entity) emitting foreign depositary receipts (further - the issuer of foreign depositary receipts), for sale with use of foreign depositary receipts;

acquire shares at shareholders according to the legislation on economic societies in case of adoption by general shareholder meeting of the decision on acquisition of shares of own issue by joint-stock company and transfer them to the issuer of foreign depositary receipts for sale with use of foreign depositary receipts.

The line item of the representative of the state in governing bodies of open joint stock companies which stocks the Republic of Belarus owns concerning the share issue of additional release and increase in authorized fund for the investment account arriving from share placing of additional release with use of foreign depositary receipts, or share acquisitions at shareholders for the purpose of subsequent their transfer of foreign depositary receipts to the issuer for sale with use of foreign depositary receipts is determined by the President of the Republic of Belarus;

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