The account holder’s rights to dispose of the account and the funds held in it may be restricted on the basis of a request submitted by the bodies ensuring the enforcement of judicial acts or by tax authorities. Funds may be collected from the account without the account holder’s order pursuant to a court judgment, on the basis of a request submitted by the bodies ensuring the enforcement of judicial acts, as well as the procedure for notifying the account holder thereof. For the purpose of customer due diligence established by the RA Law “On Combating Money Laundering and Terrorism Financing”, the Bank may, on the basis of the “Know Your Customer” principle, request additional documents or other information from the consumer, as well as ask the consumer additional questions during oral communication (where such a requirement exists). In accordance with the agreement concluded with the USA on the basis of the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information in order to determine whether you are a U.S. taxpayer. You have the right to communicate with “Ardshinbank” OJSC in the manner you prefer – by post or electronically. Receiving information electronically is the most convenient: it is available 24/7, is free from the risks of losing paper information and ensures confidentiality. ATTENTION: “Your Financial Guide” (www.fininfo.am) is an electronic system that facilitates searching for and comparing the services offered to individuals and choosing the option that is most effective for you.

The interest rate depends on the length of time the funds remain in the account and on the minimum balance of the last (the term starts

from the day the minimum balance provided for by the tariffs is ensured) 1, 3, 6 and 12 months,

therefore the longer the savings are held, the higher the interest rate. The Bank accrues and pays the interest calculated on the

minimum balance of the reporting/given month at the end of the calendar month,

capitalizing it to the account balance, unless otherwise provided by the agreement concluded between the Bank and the Customer, and

when paying, withholds and transfers to the state budget the taxes subject to collection under the legislation. If on any day of the calendar month

the balance is zero, the interest for that calendar month is not accrued and is not paid.

The savings account interest rate is not fixed on an open-ended basis and is of an informational nature. The Bank has the right to change it unilaterally, notifying the account holder at least 7 days before the changes take effect through the publication of the relevant information on the Bank’s corporate website.

The aggregate interest rate R of the current/reporting calendar month, which the customer will receive, depends on the minimum balances of the last 1, 3, 6 and 12 months and on the length of time the funds remain in the account, and is calculated by the formula below. The formula takes into account the minimum balances of the last 1, 3, 6 and 12 months and the interest rates (coefficients) R1, R3, R6 and R12 set by the tariffs.

R% = max (S12 *R12;S6 * R6;S3 * R3; S1 *R1) * 100

                                S1

G = S1*R*K                Interest amount (G) = minimum amount in the reporting month * R% * number of days in the reporting month

      365(366)                                                                                           365/(366)

R – the aggregate annual interest rate used to accrue and pay interest for the reporting month

Sn – minimum balance of the last n months (n = 1, 3, 6, 12 months)

Rn – interest rate for the period n (n = 1, 3, 6, 12 months)

G – interest amount accrued in the reporting month

K – number of days in the reporting month

S1 – minimum amount in the reporting month

7 Savings account statements are provided to the customer at least once every thirty days in the format preferred by the customer. The Bank is not obliged to provide the account holder with an account statement if the Bank has not debited or credited the account during the reporting period.

Fees for the provision of statements, copies of payment documents

and other information in respect of operations performed on the account are set in accordance with the Bank’s current Tariffs.

Fees subject to VAT include VAT.

Provisions not regulated by these tariffs are governed by the tariffs for services provided by the Bank.

When performing operations in a currency different from the account currency, the applicable foreign currency conversion

terms can be found on the website in the Foreign Currency Exchange section.

   identity document,

   public services number (PSN) or a certificate of not having a PSN,

ATTENTION: “Your Financial Guide” (www.fininfo.am) is an electronic system that facilitates searching for and comparing the services offered to individuals and choosing the option that is most effective for you.

If the depositor has only an AMD bank deposit, the guaranteed deposit amount is 16,000,000 Armenian drams.

If the depositor has only a foreign currency bank deposit, the guaranteed deposit amount is 7,000,000 Armenian drams.

If the depositor has both AMD and foreign currency bank deposits, and the amount of the AMD bank deposit exceeds 7,000,000 Armenian drams, only the AMD deposit is guaranteed, up to 16,000,000 Armenian drams.

If the depositor has both AMD and foreign currency bank deposits, and the amount of their AMD bank deposit is less than 7,000,000 Armenian drams, the AMD bank deposit is guaranteed in full, and the foreign currency bank deposit – in the amount of the difference between 7,000,000 Armenian drams and the compensated AMD bank deposit.

All AMD deposits held by a depositor in Ardshinbank OJSC are considered one deposit, except for non-guaranteed deposits, and all foreign currency deposits held by the depositor in the bank are considered one deposit, except for non-guaranteed deposits. A joint deposit is considered a separate deposit in the amount of the share established by the bank deposit agreement. If the shares of the joint bank deposit depositors are not established by the bank deposit agreement, the joint bank deposit is divided equally among the depositors. When calculating the amounts of guaranteed deposits subject to compensation, AMD deposits are calculated first, and foreign currency deposits second.

The Bank accrues and pays the interest amounts calculated for the minimum balance of the reporting/given month at the end of the calendar month by capitalizing the account balance, unless otherwise stipulated by the contract signed between the Bank and the Client, and when paying, withholds and transfers to the state budget the taxes to be levied by legislation. If the balance is zero on any day of a calendar month, no interest is accrued or paid for that calendar month.