$SBER@GS Hello, You can deliver ADRs via DTC for below mentioned stock. In order for you to proceed with the cancellation of Sberbank ADRs into local shares, you will need to have an account in the local market to be able to receive ordinary shares. As the depositary bank, we are unable to advise on setting up local accounts. Physical stock certificates are not available. If you already have an account, please work with your broker to initiate the conversion, instructions to the broker are below: The cancellation forms are found at adr.com under the respective DR program profiles. Below are steps that may be helpful: • Broker needs to instruct the DRs to Euroclear or Clearstream with delivery instruction along with QIB (if applicable) and attestation certification. • Euroclear or Clearstream will send MT599 to JPM to process cancellation once they receive instructions from broker. • If certification is missing in the MT599 then JPM will advise Euroclear or Clearstream to in turn advise broker to send QIB form along with attestation letter to JPM. • JPM will process the cancellation as per MT599 and instruct local shares in the market as per SSI present in the MT599, along with that JPM will also send attestation to custodian. • JPM will also send Markdown request to transfer agent and EQ to adjust the position. • Broker will need to setup instruction in market to receive shares from our custodian JPMBI, SSI details are available on our website - adr.com. • Standard cancellation fees will be 0.05 cents plus $15. We will charge Euroclear and Clearstream via Monthly billing. • If for any reason JPMBI rejects the trade for instance if the counterparty account is not eligible to receive local shares then reversal of trade will need to be processed. Thanks, Nishchit Jain | Vice President | Depositary Receipts | Trading Services Operations | Digital & Platform Services | Corporate & Investment Bank | J.P. Morgan | Chaseside, Dorset Building, First floor, Bournemouth BH7 7DA | Tel: +44 120 232 1683 | Cell: +44 07587080062 | nishchit.x.jain@jpmorgan.com