Due to 2 (two) cases of submitting inaccurate information to the National Bank of Georgia, which according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, On Facilitating the Suppression of Money Laundering and Terrorism Financing", "Rule for determining, imposing and executing monetary penalty article 5² paragraph 3 subparagraph "M" envisages a fine of 2,000 (two thousand) GEL for each case of violation- in total 4,000 (four thousand) GEL.

Due to 1 (one) case, Failure to obtain the permission of the management to establish and/or continue a business relationship with a high risk client, which according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, On Facilitating the Suppression of Money Laundering and Terrorism Financing", Rule for determining, imposing and executing monetary penalty article 5² paragraph 3 subparagraph "D" envisages a fine of 2,000 (two thousand) GEL.

Due to 3 (three) cases of assigning of risk to the client, without considering relevant risk factors determined by the legislation of Georgia, including the legal act of the National Bank and/or the internal policy/procedures of the securities registrar on risk assessment, which according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, On Facilitating the Suppression of Money Laundering and Terrorism Financing", "Rule for determining, imposing and executing monetary penalty article 5² paragraph 3 subparagraph "F" envisages a fine of 2,000 (two thousand) GEL for each case of violation- in total 6,000 (six thousand) GEL.

Due to 2 (two) cases Failure to determine the purpose and intended nature of the essence of the client's activity and/or business relationship, which according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, On Facilitating the Suppression of Money Laundering and Terrorism Financing", "Rule for determining, imposing and executing monetary penalty article 5² paragraph 3 subparagraph "H" envisages a fine of 2,000 (two thousand) GEL for each case of violation- in total 4,000 (four thousand) GEL.

Financial Penalty of 10,000 (ten thousand) GEL was imposed on the registrar of securities according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, On Facilitating the Suppression of Money Laundering and Terrorism Financing", "Rule for determining, imposing and executing monetary penalty article 5² paragraph 2 subparagraph "E", as their software (electronic) system functioning with significant deficiencies for the purposes of facilitating the prevention of money laundering and financing of terrorism.

THE SECURITIES REGISTRAR “UNITED SECURITIES REGISTRAR OF GEORGIA JSC” (I/N 205156374) was fined with total amount of 26,000 (twenty six thousand) GEL.