Reopening of 3 years Government Securities of the Republic of Serbia
ON NOVEMBER 22ND, 2011, 14.93% OF THE ISSUANCE VOLUME SOLD

Belgrade, November 22nd, 2011

101.152  T-Bills were sold at the total nominal value of RSD 1.011.520.000,00 which represents 14,93% of the total issuance volume, at the reopening auction of 3 years government securities of the Republic of Serbia, held on November 22nd, 2011.

The securities were sold at the interest rate of 14,89% p.a. and will mature on April 1st, 2014