ADDENDUM No (1)

AMENDMENT THE OF THE TERMS & EXTENSION OF THE FINAL REPAYMENT DATE OF THE FACILITY OF USD 1,000,000,000 - LOAN NO. 3019

("Off. Herald of RS - Treaties", No. 7/2024)

On this day the Wednesday 3/7/2024, this Addendum has been entered By & Between:

Abu Dhabi Fund for Development, hereinafter shall be referred to as the "Fund", and

The Government of the Republic of Serbia, hereinafter shall be referred to as the "Borrower", and

Preamble

Whereas, the Borrower and the Government of the Emirate of Abu Dhabi entered on the 6th of March 2014 into a Loan Agreement in the amount of USD. 1,000,000,000 as per the terms & conditions listed in it,

Whereas, the Borrower has requested in their letter No. 002038682 2024 10527 000 000 000 001 from The Ministry of Finance dated 25 June 2024 the amendment of the terms & to extend the Final Repayment Date of the Loan to Support the General Budget of the Republic of Serbia from 14 August 2024 to 14 August 2026,

Whereas, the Fund has agreed on the borrower request,

Therefore, both parties agree to the following:

1. The preamble shall be considered an integral part of this Addendum.

2. Increase the interest rate on the loan to 4% including administration charge at rate of half of a percent (0.5%) per annum on the principal amount of the loan withdrawn and outstanding.

3. Extension of the Final Repayment Date of the loan to Support the General Budget of Republic of Serbia to 14 August 2026, as stated in the repayment schedule for Loan attached to this Addendum.

4. All other terms, conditions and schedules in the said Loan Agreement of the 6th of March 2014 shall remain applicable and in force.

In Witness Whereof, this Addendum has been signed in 2 original copies at counterparts.

For/ The Government of the Republic of Serbia

 

For/ Abu Dhabi Fund for Development

Slavica Savicic

 

Mohammed Saif Al Suwaidi

State Secretary at the Minister of Finance

 

Director General

Schedule of Amortization
Support The General Budget of the Republic of Serbia

No. of Installment

Date of due Installments

Total Amount of due Installments
(excluding interest)

1

14/08/2026

1,000,000,000

Total in USD (One Billion US$)

1,000,000,000