Decision Establishing the Tariff of Fees for Services Provided by the Central Bank of Montenegro

Pursuant to Article 44 paragraph 2 item 17 of the Central Bank of Montenegro Law (OGM 40/10, 6/13, 70/17, 125/23), the Council of the Central Bank of Montenegro, at its meeting held on 15 December 2025, passed the following DECISION ESTABLISHING THE TARIFF OF FEES FOR SERVICES PROVIDED BY THE CENTRAL BANK OF MONTENEGRO Article 1 This Decision shall govern the tariffs of fees for the services provided by the Central Bank of Montenegro (hereinafter: the Central Bank) in accordance with the law. Article 2 The Central Bank shall charge fees referred to in Article 1 of this Decision by individual types of services listed in the tariff which is attached to this Decision and makes an integral part thereof (hereinafter: the Tariff). Article 3 The fees referred to in the Tariff shall be paid to the account of the Central Bank with the indication to credit reference number. The payment of the fee set forth in the Tariff shall be made for each tariff heading individually by compulsory entry of the credit reference number given in the Tariff, except payment of fees for tariff headings for which the Central Bank has previously issued invoice determining the instructions for the credit reference number. Article 4 The Central Bank shall charge a fee for the execution of international payment transactions in the currency of the payment transaction or in EUR. If the payment transaction referred to in paragraph 1 of this Article is made in the currency other than EUR, the fee shall be converted to EUR under the rate of exchange of such currency published by the Central Bank, which is valid as of the day of the payment of funds at the Central Bank account. Article 5 The Central Bank shall calculate fees under tariff headings for seven-day period no later than five days following the expiry of the last day of calculation period, unless otherwise specified in the Tariff.

Unless specified otherwise in the Tariff, the Central Bank shall deliver the invoice on the calculation of the fee including the data on the calculation period of the invoice, technical instruction of the services under tariff headings, amount for payment, number of the account for the payment and payment deadline. Article 6 The time limit for the payment of fee may not be longer than eight days following that of the invoice issue. If the participant in payment system of the Central Bank fails to pay the fee within the time limit specified in the invoice delivered in accordance with this Decision, the Central Bank shall deliver the payment order against the account of the participant for the collection of the fee. Article 7 The complaints on the delivered invoice shall be submitted to the Central Bank – Directorate for Finances, Accounting and Controlling, not later than five days following that of the invoice issue. When it is determined that the complaint under the delivered invoice has been justified, the Central Bank – Directorate for Finances, Accounting and Controlling shall deliver a new invoice. Article 8 When paying the fee from the Tariff – Column 4: “Credit reference number”, the following shall be written as MBR: Legal persons and registered parts of foreign legal persons shall enter the registration number (8 digits); Natural persons performing the activity and natural persons shall enter uniform identification number (13 digits); Representatives of foreign legal persons and foreign natural persons shall enter the passport number. Article 9 The Central Bank shall charge fees for its services in accordance with special contracts in the amount and in the manner specified under such contracts.

Article 10 The Decision on Determining Tariff for Calculating Fees Charged for the Central Bank of Montenegro Services (OGM 29/11, 22/12, 58/13, 12/14, 22/14, 48/14, 32/15, 15/17, 24/18, 109/21, 87/23, 108/23, 74/25, 112/25, 132/25) shall be repealed with effect from the date of application of this Decision. Article 11 This Decision shall enter into force on the eighth day following that of its publication in the “Official Gazette of Montenegro”. THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO Decision number: 0101- 9934- 2/2025 CHAIRPERSON Podgorica, 15 December 2025 GOVERNOR

Irena Radović, m.p.

TARIFF Tariff heading Fee by types of activities Amount of fee Credit reference number 1 2 3 4 TARIFF CODE 1: MONETARY INSTRUMENTS 1.1 Fee for incorrectly calculated or untimely allocated reserve requirement 12% annually for the amount of incorrectly calculated, i.e., untimely allocated reserve requirements 90101-MBR The fee under the tariff heading 1.1 shall be charged on monthly basis. TARIFF CODE 2: SUPERVISION OF CREDIT INSTITUTIONS 2.1 Fee for deciding on the application for granting the authorisation to acquire or increase qualifying holding in a credit institution up to 50% of capital or voting rights EUR 5,000.00 90201-MBR 2.2 Fee for deciding on the application for granting the authorisation to acquire or increase qualifying holding in a credit institution up to the level which is equal or higher than 50% of capital or voting rights EUR 10,000.00 90202-MBR 2.3 Fee for deciding on the application for granting authorisation to provide support EUR 2,000.00 90203-MBR 2.4 Fee for deciding on the application for granting the authorisation to perform function of the member of supervisory board or member of management board and chairperson of the management board of the credit institution EUR 500.00 90204-MBR 2.5 Fee for deciding on the application for issuing a licence to a credit institution EUR 30,000.00 90205-MBR

2.6 Fee for deciding on the application for granting authorisation to perform the activities which are not specified in the administrative decision on issuing the license to a credit institution EUR 1,000.00 90206-MBR 2.7 Fee for deciding on the application for granting authorisation to establish a branch of the credit institution in third country EUR 10,000.00 90207-MBR 2.8 Fee for deciding on the application for granting the authorisation to a branch of the third-country credit institution EUR 7,500.00 90208-MBR 2.9 Fee for deciding on application for granting the authorisation to set up a representative office of the third-country credit institution EUR 3,000.00 90209-MBR 2.10 Fee for deciding on the application to establish a dependant legal person of a credit institution abroad EUR 1,000.00 90210-MBR 2.11 Fee for deciding on the application in the case of the status change of a credit institution (amalgamation, division, de￾merger resulting in the establishment of one or more credit institutions) EUR 15,000.00 90211-MBR 2.12 Fee for deciding on the application for granting authorisation to include current year profit into Common Equity Tier 1 capital of the credit institution EUR 1,000.00 90212-MBR 2.13 Fee for deciding on the application for granting authorisation to distribute capital instruments to the Common Equity Tier 1 capital, additional Tier 1 capital and Tier 2 capital of the credit institution EUR 1,000.00 90213-MBR 2.14 Fee for deciding on the application for granting authorisation to distribute to the Common Equity Tier 1 capital, additional Tier 1 capital or Tier 2 capital the capital instruments based on the discretionary right of the credit institution EUR 1,000.00 90214-MBR

2.15 Fee for deciding on the application for granting authorisation to use the conservative assessment of the underlying exposure of the credit institution to capital instruments included in indices, in calculating of own funds EUR 1,000.00 90215-MBR 2.16 Fee for deciding on the application for granting authorisation to reduce instruments of Common Equity Tier 1 capital, additional Tier 1 capital, or Tier 2 capital EUR 1,000.00 90216-MBR 2.17 Fee for deciding on the application for granting authorisation to use internal approaches for calculation of capital requirements EUR 1,000.00 90217-MBR 2.18 Fee for deciding on the application for granting authorisation to conclude a legal transaction for acquiring shares or interests in other legal persons EUR 2,000.00 90218-MBR 2.19 Fee for deciding on the application for granting authorisation to select audit firm EUR 2,000.00 90219-MBR 2.20 Fee for issuing a certificate to a credit institution from the registry of credit institutions EUR 100.00 90220-MBR 2.21 Annual fee for the supervision of credit institutions and branches of third￾country credit institutions 0.065% of total amount of assets of all credit institutions and branches of third￾country credit institutions at the end of the year preceding the year for which the fee is calculated 90221-MBR The fees under the tariff headings from 2.1 to 2.20 shall be charged prior to the issuance of corresponding administrative decisions or statements, and the applicant shall submit the evidence on the payment of such fee with the application for issuing the license, authorisation or statement. The base for distributing total fee under the tariff heading 2.21 shall be total amount of assets of all credit institutions and branches of third-country credit institutions at the end of the year preceding the year for which the fee is calculated, increased by the amount of

assets of credit institutions and branches of third-country credit institutions established in the current year with the balance as at the end of the first month starting from the beginning of their business activity. The amount of individual fee for credit institutions and branches of third-country credit institutions shall be determined so that the amount that represents the percentage amount of total assets of credit institutions and branches of third-country credit institutions in the base for the distribution of total fee is distributed applying the following criteria:

• 50% of that amount is distributed to all credit institutions and branches of third￾country credit institutions in equal amounts,
• 50% of that amount is distributed to credit institutions and branches of third-country credit institutions proportionate to their individual share in total assets of credit institutions and branches of third-country foreign institutions. The fees under the tariff heading 2.21 shall be charged on monthly basis, based on interim calculation, and the final calculation of total annual fee for the supervision is performed at the end of the year for which the fee is calculated, whereby total annual fee for credit institutions and branches of third-country credit institutions that started with their business activity after January of the current year shall be charged proportionately to the number of the remaining months in the respective year. TARIFF CODE 3: INTERNATIONAL PAYMENT SYSTEM TRANSACTIONS 3.1 Fee for executing payment transactions through the Central Bank foreign account through SWIFT 0.10% of the amount, from EUR 0.00 to EUR 1,000,000.00, and at least EUR 10.00 0.18% of the amount, and above EUR 1,000,000.00 90301-MBR 3.2 Fee for executing payment transactions of banks within clearing of international payments performed in line with international payments clearing agreements concluded between the Central Bank and the National Bank of Serbia and the Central Bank of Bosnia and Herzegovina EUR 1.50 (per transaction) 90302-MBR 3.3 Fee for executing payment transactions through the Central Bank account for SEPA SCT payment scheme EUR 50.00 per transaction 90303-MBR

The fee under the tariff heading 3.1. shall comprise operating costs, excess of liquidity costs and reputational risk premium The fees under the tariff headings 3.1 and 3.3. The Central Bank shall charge fee under the tariff heading 3.1 in advance - prior to the execution of the international payment transaction. The fee under tariff heading 3.1 shall not be charged for:

• • payment transactions performed while executing depository and fiscal agent activities in accordance with the law governing membership of Montenegro in the International Monetary Fund and other financial institutions;
• • payment transactions of banks related to clearing of international payments performed in line with international payments clearing agreements concluded between the Central Bank and the National Bank of Serbia and the Central Bank of Bosnia and Herzegovina;
• • payment transactions by foreign remittances based on donations and humanitarian aid in favour of government bodies and organisations;
• • cancelled payment transactions (reversed remittances);
• • transfers executed by the order of the Ministry of Finance for the purpose of distributing initial inflow of funds paid to the foreign account Central Bank based on the foreign borrowings of the state (use of loans, issue of bonds, and the like). The fee under the tariff heading 3.2. The fee under the tariff heading 3.2 shall be charged by the Central Bank monthly, within eight days following that of the issuing of the invoice. The fee under the tariff heading 3.2. The Central Bank shall charge fee under the tariff heading 3.2. to the banks exclusively for payment orders that the banks send to clearings of international payments, while the Central Bank shall not charge a fee for orders that the banks receive from clearings of international payments. The fee under tariff heading 3.3 shall not be charged for payment transactions that relate to inflows of funds through SEPA SCT payment scheme for state bodies and organisations. TARIFF CODE 4: NATIONAL PAYMENT SYSTEM TRANSACTIONS Payment system of the Central Bank 4.1 Fee for connecting to the RTGS or DNS system EUR 5,000.00 90401-MBR 4.2 Fee for reconnecting to the RTGS or DNS system EUR 3,000.00 90402-MBR 4.3 Fee for participating in the RTGS or DNS system EUR 1,300.00 90403-MBR The fee under the tariff heading 4.1. The Central Bank shall charge fee under the tariff heading 4.1 within eight days following that of signing of the agreement on connection, and it shall charge fee under tariff heading 4.2 within three days following that of

reconnection. The Central Bank shall charge fee under tariff heading 4.3 on monthly basis, until the fifth in the month for the current month. The fee under the tariff heading 4.3 for participating in RTGS system shall be paid by the Ministry of Finance also for the accounts opened on behalf of spending units funded by the Montenegro Budget and accounts so agreed under special protocols, contracts or agreements, but not exceeding the total five. Execution of payment transactions in the RTGS system 4.4 Fee for the execution of payment transactions in the RTGS system EUR 0.75 per order 90404-MBR 4.5 Fee for the payment of public revenues <EUR 1.000 EUR 0.05 per order 90405-MBR Execution of payment transactions in the RTGS system against the State Treasury Main Account 4.6 Fee for the execution of payment transactions against the State Treasury Main Account 0.08% of the amount of funds from the order 90406-MBR The fee under tariff heading 4.6 shall consist of a cumulative operational and reputational risk, expressed as a percentage and applied to the amount of funds specified in the payment order. The assessment of the cumulative risk referred to in paragraph 1 shall be based on:

• the Common Cost Methodology (COMCO) for cost allocation, as the standardised framework used by the central banks of the Eurosystem to determine the actual costs associated with the operation and maintenance of payment systems;
• statistical risk parameters in accordance with ISO 31000, including the application of a 5% probability threshold as the statistical benchmark for infrequent but materially significant events; and
• annual data on the value, volume and processing mode of transactions executed through the State Treasury Main Account in the RTGS system, taking into account that all transactions relating to the State Treasury Main Account are processed exclusively on a real-time gross settlement basis. Based on the risk assessment carried out in accordance with paragraphs 1 and 2 of this tariff heading, a fee shall be determined to ensure recovery of the actual costs and risks associated with the processing of transactions of public interest. The risk assessment shall be performed annually, on the basis of data from the preceding financial year. The assessed cumulative risk shall be expressed as a risk premium, stated as a percentage, and shall subsequently be compared against the reference rate of 0.10%.

Based on the historical time series of the underlying calculations, the reference rate constitutes a stable, predictable and long-term sustainable benchmark designed to ensure proportionality, continuity in the provision of public payment services, and the financial sustainability of the national payment system. Extended work of the RTGS system 4.7 Fee for the execution of payment transactions in the extended work of the RTGS system 0.30% of the amount of funds from the order, and at least EUR 1.05 90407-MBR 4.8 Fee for extending the work of the RTGS system EUR 10.00 per minute of the extension 90408-MBR The fee under the tariff heading 4.7, when the work of the RTGS system is extended by the Central Bank without the request of the other participant, the fee shall be charged in the amount of the fee for executing orders in regular working hours. The fee under the tariff heading 4.8 shall not be charged when the Central Bank extends the work of the RTGS system without the request of the other participant. Execution of payment transactions in the DNS system 4.9 Fee for the execution of payment transactions in the DNS system EUR 0.05 per order 90409-MBR Other services in the RTGS and DNS systems 4.10 Fee for the reception of messages MT920, MTn92, MTn95, MT985, MTn99 EUR 1.00 per message 90410-MBR 4.11 Fee for directing message MT942 - interim statement EUR 5.00 per message 90411-MBR 4.12 Fee for issuing statements, transcripts, and the like EUR 5.00 per statement, transcript, and the like 90412-MBR 4.13 Fee for transfer order entry in hard copy EUR 5.00 per order 90413-MBR

The fees under the tariff heading 4.12 shall be charged prior to issuing corresponding statements, transcripts and the like, and the applicant shall submit evidence on the payment of the fee with the application for issuing statement, transcript and the like. Overnight balances of transaction accounts of credit institutions in the RTGS system 4.14 Fees for overnight balances on transaction accounts of credit institutions in the RTGS system The ECB deposit facility rate reduced by 10 basis points on annual level, which is applied to overnight balance of the transaction accounts of banks in the RTGS system at the beginning of the following business day of the RTGS system, and not starting from zero any more 90144-MBR TARIFF CODE 5: CASH-RELATED SERVICES 5.1 Fee for cash payments in banknotes to accounts 0.20% of the amount to be paid in 90501-MBR 5.2 Fee for cash payments in banknotes from the accounts 0.20% of the amount to be paid out 90502-MBR 5.3 Fee for maintaining and securing cash that has not been withdrawn by client on timely basis, and the funds were transferred to the Central Bank’s account 0.10% of the non￾withdrawn cash 90503-MBR 5.4 Fee for redemption of DEM in banknotes 5% of nominal amount to be replaced, reported in EUR 90504-MBR

5.5 Fee for redemption of DEM in coins 8% of nominal amount to be replaced, reported in EUR 90505-MBR 5.6 Fee for redemption of Euro area banknotes, other than DEM 10% of nominal amount to be replaced, reported in EUR 90506-MBR 5.7 Fee for replacement of damaged EUR banknotes to professional cash handlers if banknotes are damaged by incorrect use of anti-fraud devices EUR 0.10 per damaged banknote, only if at least 100 pieces (pack) of damaged euro banknotes is replaced 90507-MBR 5.8 Fee for treating euro coins as unfit for circulation 5% of the nominal amount of EUR coins unfit for circulation, where the amount of fee is increased by 15% in case of check of such coins 90508-MBR 5.9 Fee for cash payments in coins to the account 1% of the amount to be paid out 90509-MBR 5.10 Fee for cash payments in coins from the account 1% of the amount to be paid out 90510-MBR Fees under the tariff headings 5.4, 5.5, 5.6. and 5.7. The Central Bank shall charge fees under the tariff headings 5.4, 5.5, 5.6 and 5.7 so that it shall decrease the replaced nominal amount reported in EUR by calculated fee. The fee under the tariff heading 5.8 shall be charged for treating over one kilo of EUR coins unfit for circulation per denomination for each year. When this limit is exceeded, a fee is charged for treating total amount of submitted EUR coins unfit for circulation. The fee under the tariff heading 5.8 shall be increased by 20% of nominal value of the submitted EUR coins when individual delivery of EUR coins unfit for circulation contains coins treated by chemical or other harmful substances to the extent that may cause risk for health. The fee under the tariff heading 5.8 shall not be charged to legal and natural persons closely or regularly cooperating with the Central Bank on the withdrawal from circulation unfit and forged EUR coins.

The fee under the tariff heading 5.8 shall be charged in a way that the amount of nominal value of EUR coins unfit for circulation, which is treated, is reduced by calculated fee. TARIFF CODE 6: CREDIT REGISTRY 6.1 Fee upon completed inquiry of the reporting entity to submit data for the purposes of keeping the Credit Registry EUR 3.00 per inquiry 90601-MBR 6.2 Fee upon completed inquiry of legal and natural persons performing activity on data kept on their credit indebtedness EUR 3.00 per inquiry 90602-MBR 6.3 Fee upon completed inquiry of natural persons on the data kept on their credit indebtedness EUR 3.00 per inquiry 90603-MBR The fee under the tariff heading 6.1 shall be paid on quarterly basis, within eight days following that of the issuing of invoice of the Central Bank. The fees under the tariff headings 6.2 and 6.3 shall be charged prior to providing data from the Credit Registry and the applicant shall submit evidence on the payment of this fee with the application for the use of data from the Credit Registry. For inquiries sent through the electronic service (using a digital certificate), the fee shall be paid in the manner defined by the user manual published by the Central Bank on its website. TARIFF CODE 7: ENFORCED COLLECTION 7.1 Fee for entry and enforcement of orders for enforced collection EUR 15.00 per enforcement title 90701-MBR 7.2 Fee for the calculation of interest per enforcement titles 0.30% of the amount from enforcement title, and at least EUR 5,00 90702-MBR 7.3 Fee for directing messages SMT 772, SMT 774, SMT 776, SMT 778 and SMT 780 EUR 1.00 per message 90703-MBR 7.4 Fee for issuing statements, transcripts, reviews and reports in hard copy EUR 5.00 per statement, transcript, review and report 90704-MBR

7.5 Fee for issuing statements, transcripts, reviews and reports in electronic form EUR 1.00 per statement, transcript, review and report, whereby in the case of payment with payment card the amount of fee shall be gross amount 90705-MBR 7.6 Fee for providing data from the enforced collection using electronic service (web service) EUR 0.08 per inquiry 90706-MBR 7.7 Fee for withdrawal, delay or change of the order for enforced collection EUR 10.00 per enforcement title 90707-MBR The fees under the tariff headings 7.1 and 7.2 shall be charged against the transaction accounts of debtor during the enforcement of the enforcement title, by establishing the order through enforced collection information system as the first in the order of collection, for the tariff heading 7.1 and subsequently for the tariff heading 7.2. In the event of termination of the enforcement, the collection of the fee under the tariff headings 7.1 and 7.2, which was not enforced by the time of the withdrawal of the order for the enforced collection, shall be terminated. The fees under the tariff heading 7.3 shall be charged monthly within eight days following that of the issuing of the invoice of the Central Bank. The fees under the tariff heading 7.4 shall be charged prior to issuing corresponding statements, transcripts, reviews and reports, and the applicant shall submit evidence on the payment of this fee with the application for issuing statements, transcripts, reviews and reports. The fees under the tariff heading 7.5 and 7.6. shall be charged prior to issuing corresponding statements, transcripts, reviews and reports, in the manner specified in the user guideline published by the Central Bank on its web page. An invoice under the tariff heading 7.6. shall be issued for the purpose of recording changes relating to the provision of data through an electronic service (web service). The fees under the tariff headings 7.4, 7.5 and 7.6. shall not be charged when applicants are spending units of the budget of Montenegro, local self-government bodies and local government bodies. The fees under the tariff heading 7.7 shall be charged against transaction accounts of debtors when withdrawing, disposing and changing of judgement order, by establishing judgement order through enforced collection information system after payment of the fee under tariff headings 7.1 and 7.2. However, if they were paid, these fees will be paid as the first in order of payment.

TARIFF CODE 8: OTHER 8.1 Fee for providing opinion related to a question or related to the implementation of the provision of the law or regulation within the competence of the Central Bank EUR 150.00 90801-MBR 8.2 Fee for purchasing of tender documents Up to the amount of copying and submitting tender documents 90802-MBR 8.3 Fee for issuing individual data from the Central Bank database on the operations of legal persons Depending on the number of individual data to be issued: 1-50 per EUR 0.20 90803-MBR 51-500 per EUR 0.17 501-5,000 per EUR 0.15 5,001-10,000 per EUR 0.12 over 10,000 per EUR 0.10 8.4 Fee for issuing reviews of processed data from the Central Bank database on the operations of legal persons EUR 3.00 per review 90804-MBR 8.5 Fee for issuing data on ratios and creditworthiness indicators EUR 3.00 per data 90805-MBR 8.6 Fee for issuing statements from electronic database of the Central Bank on payment orders and changes on the account and balance at the account EUR 0.20 per page, and at least EUR 5.00 90806-MBR The fee under the tariff heading 8.1 shall be charged prior to providing opinion, and applicant shall submit evidence on payment of the fee with the application for providing an opinion. The fee under the tariff heading 8.2 shall be charged when the Central Bank deems appropriate in the manner that the payment of the fee is made prior to obtaining tender documents. The fees under the tariff headings 8.3, 8.4, 8.5 and 8.6 shall be charged prior to issuing data and/or review and the applicant shall submit evidence on the payment of this fee.

Notwithstanding, for the purpose of scientific and research work, the Central Bank may render services specified under the tariff headings 8.3, 8.4 and 8.5 without fee. TARIFF CODE 9: SUPERVISION OF PAYMENT SYSTEMS 9.1 Fee for deciding upon application for granting authorisation for the operation of a payment system in which settlement finality is performed EUR 5,000.00 90901-MBR 9.2 Fee for the assessment of an application for authorisation to operate a payment system that does not provide settlement finality. EUR 3,000.00 90902-MBR 9.3 Fee for deciding upon the application for granting the authorisation to change the payment system contract EUR 1,000.00 90903-MBR 9.4 Fee for deciding upon the application for granting the authorisation to change the payment system rules of operation EUR 1,000.00 90904-MBR Fees under the tariff headings from 9.1 to 9.4 shall be charged prior to issuing corresponding administrative decision and the applicant shall submit evidence on the payment of the fee with the application for issuing an administrative decision. TARIFF CODE 10: SUPERVISION OF PAYMENT INSTITUTIONS AND REGISTERED PROVIDERS OF ACCOUNT INFORMATION SERVICE 10.1 Fee for deciding upon the application for granting authorisation to provide payment services EUR 3,000.00 91001-MBR 10.2 Fee for deciding upon the application for granting authorisation to provide additional payment services EUR 500.00 per additional service 91002-MBR 10.3 Fee for deciding upon application for granting authorisation to establish a branch in a third country EUR 500.00 91003-MBR 10.4 Fee for entering into the registry an agent of a payment institution EUR 500.00 91004-MBR 10.5 Fee for deciding upon application to reduce the amount of own funds EUR 500.00 91005-MBR 10.6 Annual fee for the supervision of payment institutions EUR 3,000.00 91006-MBR

10.7 Fee for deciding upon the application for granting authorisation to acquired and increase qualifying holding in a payment institution EUR 1,000.00 91007-MBR 10.8 Fee for deciding upon the application for registration of account information service provider EUR 2,500.00 91008-MBR 10.9 Fee for deciding upon the application for converting a registered account information service provider into a payment institution EUR 1,500.00 91009-MBR 10.10 Fee for deciding upon the application for converting a payment institution into a registered account information service provider EUR 1,500.00 91010-MBR 10.11 Annual fee for supervision of registered account information service providers EUR 2,500.00 91011-MBR The fees under the tariff headings from 10.1 to 10.05 and from 10.07 to 10.10 shall be charged prior to the issuance of corresponding administrative decisions, and the applicant shall submit the evidence on the payment of such fee with the application for issuing the respective administrative decision. The fee under the tariff headings 10.6 and 10.11 shall be charged in January of the current year for that year, and the payment institutions and registered account information service providers that commence their operations after January of the current year shall pay this fee proportionately to the number of the remaining months in that year within a month following the day of obtaining authorisation to provide payment services, or the administrative decision on the entry into the registry of account information service providers. TARIFF CODE 11: SUPERVISION OF ELECTRONIC MONEY INSTITUTIONS 11.1 Fee for deciding upon the application for granting authorisation to issue electronic money EUR 5,000.00 91101-MBR 11.2 Fee for deciding upon the application for granting authorisation to provide payment services EUR 500.00 per payment service 91102-MBR 11.3 Fee for deciding upon the application for granting authorisation to acquire and increase qualifying holding in an electronic money institution EUR 1,000.00 91103-MBR

11.4 Fee for deciding upon application for granting authorisation to establish a branch of electronic money institutions in a third country EUR 500.00 91104-MBR 11.5 Fee for entering into registry an agent of an electronic money institution to provide payment services EUR 500.00 91105-MBR 11.6 Fee for deciding upon application to reduce the amount of own funds EUR 500.00 91106-MBR 11.7 Annual fee for the supervision of electronic money institutions EUR 3,000.00 91107-MBR Fees under the tariff headings from 11.1 to 11.6 shall be charged prior to issuing corresponding administrative decision and the applicant shall submit evidence on the payment of the fee with the application for issuing an administrative decision. Fee under the tariff heading 11.7 shall be charged in January of the current year for that year, and the electronic money institutions that commence their operations after January of the current year shall pay this fee proportionately to the number of the remaining months in that year within a month following the day of obtaining authorisation to issue electronic money. TARIFF CODE 12: SUPERVISION OF FINANCIAL SERVICE PROVIDERS 12.1 Fee for deciding upon the application for issuing a license to a leasing company, factoring company, company for purchase of receivables, micro-credit financial institution and credit and guarantee fund (hereinafter: financial service providers) EUR 5,000.00 91201-MBR 12.2 Fee for deciding upon the application for granting authorisation to acquire or increase qualifying holding in a financial service provider EUR 1,500.00 91202-MBR 12.3 Fee for deciding upon the application for granting authorisation to appointing the executive director or member of the board of directors of the financial service provider EUR 300.00 91203-MBR 12.4 Fee for deciding upon the application to establish dependent legal persons and organisational units of a financial service provider abroad EUR 500.00 91204-MBR

12.5 Fee for deciding upon the application for granting the authorisation to restructure the financial service providers EUR 1,500.00 91205-MBR 12.6 Annual fee for the supervision of a leasing company 0.065% of total amount of assets of all leasing companies at the end of the year preceding the year for which the fee is calculated 91206-MBR 12.7 Annual fee for the supervision of a factoring company 0.065% of total amount of assets of all factoring companies at the end of the year preceding the year for which the fee is calculated 91207-MBR 12.8 Annual fee for the supervision of a company for purchase of receivables 0.065% of total amount of assets of all companies for purchase of receivables at the end of the year preceding the year for which the fee is calculated 91208-MBR 12.9 Annual fee for the supervision of a micro-credit financial institutions 0.065% of total amount of assets of all micro-credit financial institutions at the end of the year preceding the year for which the fee is calculated 91209-MBR

12.10 Annual fee for the supervision of credit guarantee funds 0.065% of total amount of assets of all credit guarantee funds at the end of the year preceding the year for which the fee is calculated 91210-MBR Fees under the tariff headings from 12.1 to 12.5 shall be charged prior to issuing corresponding administrative decision and the applicant shall submit evidence on the payment of the fee with the application for issuing an administrative decision. The base for distributing total fee under the tariff headings from 12.6 to 12.9 shall be total amount of assets of all financial services providers for the respective tariff heading at the end of the year preceding the year for which the fee is calculated, increased by the amount of asset of those financial service providers established in the current year with the balance as at the end of the first month starting from the beginning of their business activity. The base for distributing total fee under the tariff headings from 12.6 to 12.10 shall be total amount of assets of all financial services providers for the respective tariff heading at the end of the year preceding the year for which the fee is calculated, increased by the amount of asset of those financial service providers established in the current year with the balance as at the end of the first month starting from the beginning of their business activity. The amount of fee by individual financial service provider shall be determined so that the amount that represents the percentage amount of total assets of financial service providers from the respective tariff headings in the base for the distribution of total fee is distributed applying the following criteria:

• 50% of that amount is distributed to all financial service providers from the respective tariff heading in equal amounts,
• 50% of that amount is distributed to financial service providers proportionate to their individual share in total assets of financial service providers from the respective tariff heading; The fees under the tariff headings from 12.6 to 12.10 shall be paid on monthly basis, based on temporary calculation, and the final calculation of total annual fee for the supervision is performed at the end of the year for which the fee is calculated, whereby total annual fee for financial services providers that started with their business activity after January of the current year shall be charged proportionately to the number of the remaining months in the respective year. Where no assets exist as at the end of the third quarter, the first provisional fee calculation shall be made for the first month of the following calendar year.

TARIFF CODE 13: CENTRAL REGISTRY OF TRANSACTION ACCOUNTS 13.1 Fee for issuing an overview of information in hard copy EUR 5.00 per an overview 91301-MBR 13.2 Fee for issuing an overview of information in electronic form EUR 1.00 per statement, transcript, review and report, whereby in the case of payment with payment card the amount of fee shall be gross amount 91302-MBR 13.3 Fee paid to public enforcement officers and notaries for issuing overviews on numbers of transaction accounts of natural person in hard copy EUR 3.00 per individual natural person 91303-MBR 13.4 Fee paid to public enforcement officers and notaries for issuing overviews on numbers of transaction accounts of natural person in electronic form EUR 1.00 per individual natural person 91304-MBR 13.5 Fee for issuing data related to legal persons and entrepreneurs using electronic service (web service) EUR 0.08 per inquiry 91305-MBR The fees under the tariff heading 13.1. shall be charged prior to issuing corresponding overviews of information, and the applicant shall submit evidence on the payment of the fee with the application for issuing the overview. The fees under the tariff heading 13.2. shall be charged prior to issuing corresponding overviews of information, in the manner specified in the user guideline published by the Central Bank on its web page. The fees under the tariff heading 13.3. shall be charged prior to issuing an overview on numbers of transaction accounts of natural person and public enforcement officer and notary shall submit an evidence on the payment of this fee together with the application for issuing an overview of numbers of transaction accounts of natural person. The fees under the tariff heading 13.4 shall be paid by public enforcement officers and notaries on quarterly basis, within eight days following that of the issuing of the invoice of the Central Bank. In case of irregular payment of this fee, the Central Bank may suspend to public enforcement officer and notary issuing of an overview on numbers of transaction accounts of natural person in electronic form. The fees under the tariff heading 13.5. shall be charged prior to issuing corresponding information related to legal persons and entrepreneurs in the manner specified in the user guideline published by the Central Bank on its web page. An

invoice under the tariff heading 13.5. shall be issued for the purpose of recording changes relating to the provision of data through an electronic service (web service). The fees under the tariff headings 13.1, 13.2 and 13.5. shall not be charged when applicants are spending units of the budget of Montenegro, local self-government bodies and local government bodies.