Important Procedural changes on all incoming transactions

Dear client, please be advised of the following procedural changes on all incoming transactions from international banks effective August 1, 2013.

In order to be compliant with the enforced local regulations on detection and combating of Money Laundering and Terrorism Financing, we will reject all international incoming funds that do not comply with the following;

• All international incoming transactions should be accompanied by complete and accurate payment details
• The beneficiary's name and address (your information as Girobank's client and receiver of the funds) should be disclosed.

Complete and accurate payment details entail all information that reflect the true nature of the transaction. Please note that details as 'invoice number' or just the word 'transfer', are not sufficient.

During the month of June and July we will monitor all international incoming transactions and will contact you for any additional details. However as per August 1, 2013 we will hold all international incoming transactions that are not compliant with the regulations for a maximum of three business days, to allow you and/or the originator to provide us with the necessary details. In case the missing information is not submitted within the three business days, the funds will be returned to the originator. As per August 1, 2013, a fee of 15 (in the currency of the account) will be imposed on all international incoming transactions that does not comply with above mentioned prerequisites. We kindly request you to inform all the parties that transfer funds to your account at Girobank of these changes.

We trust to have informed you sufficiently, however should you remain with any questions please feel free to contact us.