Listingrule s

Requirements applicable in connection with inclusion:



Foreign issuer's bonds and foreign depositary receipts representing bonds may be included in Level One and Level Two provided that one of the following conditions is met:

№	Level One	Level Two
1.	1.1. The foreign issuer's securities to be included are already included in one of the lists, markets, segments of foreign exchanges referred to in Annex 6 to these Rules, or the listing procedure was started in relation to such securities at a foreign exchange 1.2. Credit rating of a certain level The issuer (issuer of the bonds represented by the depositary receipts) or the bond issue (issue of bonds represented by depositary receipts) or the surety (guarantor) or the Prescribed Legal Entity^1 have a credit rating not lower than that prescribed by the Exchange^2 1.3. The issuer (issuer of the bonds represented by depositary receipts) and the Prescribed Legal Entity^1 is not in default or at least 3 years passed from the cessation of the obligations on which the issuer (issuer of the bonds represented by depositary receipts) / the Prescribed Legal Entity had defaulted	1.1. The foreign issuer's securities to be listed are already included in one of the lists, markets, segments of foreign exchanges referred to in the schedule approved by the Exchange, or the listing procedure was started in relation to such securities at a foreign exchange 1.2. The issuer (issuer of the bonds represented by the depositary receipts) or the bond issue (issue of bonds represented by depositary receipts) or the surety (guarantor) or the Prescribed Legal Entity^1 have a credit rating not lower than that prescribed by the Exchange^2 1.3. The issuer (issuer of the bonds represented by depositary receipts) and the Prescribed Legal Entity^1 is not in default, or at least 2 years passed from the cessation of the obligations on which the issuer (issuer of the bonds represented by depositary receipts) / the Prescribed Legal Entity had defaulted
2.	In relation to the bonds being listed and their issuer, or in relation to the bonds represented by depositary receipts and their issuer, the conditions for the inclusion of bonds in Level One as set out in Annex 2 (2.2) to these Rules, are met	In relation to the bonds being listed and their issuer, or in relation to the bonds represented by depositary receipts and their issuer, the conditions for the inclusion of bonds in Level Two as set out in Annex 2 (2.2) to these Rules, are met

1. The requirements in relation to the Prescribed Legal Entity shall apply if the foreign issuer's securities prospectus contains rule(s) whereby the securities placement revenues are to be transferred to the Prescribed Legal Entity.
2. The Exchange shall have the right to set in its separate resolution bond issue criteria whereby the Exchange only applies credit ratings assigned to bond issues and does not apply issuer or surety (guarantor) ratings.

2.