7 TRUST MANAGEMENT TRANSACTIONS

7 FIDUCIARY OPERATIONS

№	Operation	Charge	Note
7.1	Fiduciary management of securities and monetary funds destined for investment in securities	As per agreement	The minimal amount of funds and securities needed to celebrate and maintain the Trust Contract: specified by the Contract. Basic rate, management bonus and settlement mode are stated in the Contract. Not subject to VAT.
7.2	Trust of securities and monetary funds with investment security purposes, with opening of a personal investment account	Investment profile with passive management strategy Basic management fee - 2% annual Management bonus – 0 Investment profile with mixed management strategy Basic management fee - 2,5% annual Management bonus - 0 Investment profile with active management strategy Basic management fee - 3% annual The management bonus comprises 10% of the income amount which goes beyond that of the managed portfolio return with 10% annual rate	Minimal amount of funds required to celebrate and manage the contract comprises 400 000 Rub. The basic fee, management bonus and settlement procedure are defined in the contract No VAT applied
7.3	Sending of original reports by registered post with advice of receipt		The cost of this service is subject to VAT with regard to actual expenses

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