Dear Sir/Madam

Pursuant to the decision of the European Central Bank, the Estonian bank Versobank AS (SWIFT CODE: SBMBEE22) lost its licence to operate as a credit institution. Therefore, please pay particular attention when making foreign payments to beneficiaries holding accounts with that bank.

Under the current circumstances, such foreign payments may:

• be delayed by both intermediary banks and a beneficiary’s bank,
• be returned by intermediary banks or a beneficiary’s bank,
• even result in loss of transferred funds.

Please remain cautious about making payments to beneficiaries holding accounts with that bank.

Best regards,
Transactional Banking Department