Regarding the commencement of the procedure for terminating the clearing activities of UEEX LLC

Ukrainian Energy Exchange, as the entity that carries out clearing activities for the determination of obligations, expresses its respect, sincere gratitude for the fruitful cooperation and informs you of the following.

On 23.12.2024, the general meeting of participants of UEEX LLC decided to terminate the professional activity of UEEX LLC on the capital markets - clearing activities for the determination of obligations (license issued in accordance with the decision of the NSSMC No. 446 dated 30.06.2021), hereinafter referred to as clearing activities.

Further clearing activities will be carried out by Ukrainian Clearing House Limited Liability Company (identification code 45539058) on the basis of a license for professional activities in the capital markets - clearing activities for the determination of obligations, issued by the NSSMC by Resolution No. 34/21/1512/K01 dated 04.12.2024.

We hereby inform you that the date of commencement of the procedure for termination of clearing activities of UEEX LLC is 01.01.2025, and the date of termination of clearing activities is the date following the date of closure of the last clearing account, but not later than 28.02.2025.

In the course of the procedure for termination of clearing activities, UEEX LLC shall take all necessary actions aimed at termination of clearing services. In this regard, at the initiative of UEEX LLC, amendments were made to the Clearing Agreement with Ukrainian Clearing House LLC No. 1 dated 13.12.2024, which provide for the application of a transitional period within this procedure. Given the temporary interruptions in the operation of a number of state services and registries, in order to ensure the continuity of exchange trading, UEEX LLC will carry out certain operations during the transition period to ensure the conclusion of exchange transactions/contracts. Thus, starting from January 1, 2025, until the termination of clearing activities is completed, clients who have not completed the necessary procedures to conclude a clearing agreement with UCH LLC will be able to participate in exchange trading.

Please note that in accordance with Section VIII of the Regulations on Clearing Activities approved by the NSSMC Resolution No. 5 dated 13.01.2022, all clients must close clearing accounts maintained by UEEX LLC by 28.02.2025. The schedule of termination of clearing activities for determination of obligations by the Ukrainian Energy Exchange Limited Liability Company without termination of the legal entity is available on the website of UEEX LLC at the link.

IMPORTANT! In view of the above, and in accordance with clause 1.3. of the Clearing Rules of the Ukrainian Energy Exchange Limited Liability Company, we hereby inform that this announcement is also a proper notification of UEEX LLC on termination of the clearing service agreements by unilateral withdrawal from the agreement, in accordance with the procedure and on the grounds established by law, in particular, in accordance with Article 907 of the Civil Code of Ukraine. We would like to inform all clients that the public clearing agreements concluded with them will be considered unilaterally terminated (terminated) on 28.02.2025.

Please note again! On 28.02.2025, all clearing accounts of trading participants will be automatically closed in the clearing accounting system of UEEX LLC, therefore, in case of failure to conclude clearing agreements with UCH LLC, UEEX LLC will be forced to stop providing services to such clients for the organization and conduct of exchange trades (auctions) in accordance with the Rules of the Ukrainian Energy Exchange Limited Liability Company from 01.03.2025.

To enter into the Clearing Agreement with UCH LLC, you must fill in and sign the Application for Accession to the Clearing Agreement, which is available in the “Materials for Download” section at the link. The signed scanned copy of the executed Application shall be uploaded to your personal accreditation account by selecting the document type: “Accession to the Clearing Agreement” with further sending the original Application to UEEX LLC after its confirmation in electronic form.

The address for sending documents is Ukrainian Energy Exchange LLC:

• Nova Poshta: No. 73, Kyiv, recipient’s phone number: +380663034805, recipient of Ukrainian Energy Exchange LLC
• Or 01030, Ukraine, Kyiv, 17/52 Bohdana Khmelnytskoho St. (Leonardo Business Center), 4th floor, office Ф02.

Please note that prompt uploading of a scanned copy of the signed Application followed by sending its original is a guarantee of your uninterrupted access to participation in the exchange trading.

If you have any additional questions, please contact us at +380442280709.