Narrow price limits on the stock market - enhancements

In addition to the announcement about the planned changes in the Securities and FX markets system on September 22, 2025, we provide information about the enhancements that will be implemented during the realization of corporate actions for securities. For shares and depositary receipts subject to corporate actions "DVCA" and "DVSE," trading limits will be lifted from the moment the registry is fixed until the formation of the new current price:

Additional price fluctuation limits for securities do not apply starting from the trading day when the price adjustment of shares or depositary receipts is taken into account due to the determination of the list of individuals entitled to receive dividends or additional shares (corporate action type = "DVCA", "DVSE") and their distribution among shareholders, through the trading day when the new current price will be formed:

Implementation of checks: If the scheduled registry fixing date for the security is T+1, then on T+1 the following price fluctuation limits will be removed for TQBR:

• Price fluctuation limits of ±10% during additional morning session and additional evening session;
• Price fluctuation limits of ±3% during additional weekend trading session;
• Price fluctuation limits of ±22% for shares and depositary receipts included in the non-quoted part of the securities list;
• Additional price fluctuation limits of ±10%, if applicable, during the main trading session for shares and depositary receipts included in the non-quoted part of the securities list.

During the trading day when the new current price is formed, price fluctuation controls will be restored:

• Price fluctuation limits of ±10% additional morning session and additional evening session;
• Price fluctuation limits of ±3% during additional weekend trading session;
• Price fluctuation limits of ±22% for shares and depositary receipts included in the non-quoted part of the securities list.

For more details on existing measures to prevent market destabilization, please refer to the MOEX website: https://www.moex.com/a9010 (Russian only).