Auction of 53weeks Government Securities of the Republic of Serbia
ON NOVEMBER 23, 2011 99,93% OF THE ISSUANCE VOLUME SOLD

Belgrade, November 23, 2011

The amount of 634.692 T-Bills was sold at the auction of 53weeks government securities of the Republic of Serbia, held November 23rd,  2011, whose nominal value was RSD 6.346.920.000,00  which represents 99,93% of the total issuance volume.

The securities were sold at the interest rate of 13%  p.a. and will mature on October 25th, 2012.