Reopening of 407. Government Securities of the Republic of Serbia
ON DECEMBER 6, 2011, 21,42% OF THE ISSUANCE VOLUME SOLD

Belgrade, December 6, 2011

144.622 T-Bills were sold at the total nominal value of RSD 1.446.220.000,00 , which represents 21,42% of the total issuance volume, at the reopening auction of 18 month government securities of the Republic of Serbia, held on December 6th, 2011.

The securities were sold at the interest rate of 13,30% p.a. and will mature on April 4th, 2013.