TIDM61LR

RNS Number : 8682P

Deutsche Bank AG London

21 October 2021

21-Oct-21

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 16/09/2021(1) Deutsche Bank AG London (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

Guarantor (if any):

   Aggregate nominal amount:                                       EUR 1.75bn

Description: Republic of Serbia EUR 1bn 1% Green 7y / EUR 750m 2.050% 15y

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

Raiffeisen Bank International

Offer Price: 98.255% / 96.797%

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October 21, 2021 11:43 ET (15:43 GMT)

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