According to Point 5 of the Presidential Executive Order No. 520 On the Use of Special Economic Measures in the Financial and Fuel and Energy Sectors Due to the Unfriendly Actions of Some Foreign States and International Organisations, dated August 5, 2022, the President directed to permit 683 Capital Partners, LP to commit transactions (operations) to purchase securities of Russian joint-stock companies owned by Baillie Gifford Overseas Limited, Grantham, Mayo, Van Otterloo & Co. LLC, Jane Street Global Trading, LLC, Jane Street Europe Limited, Carrhae Capital Long Master Fund Ltd, Carrhae Capital Master Fund Ltd), TEMPLETON ASSET MANAGEMENT LTD, FRANKLIN ADVISERS, INC., Franklin Advisory Services, LLC, Highmark Limited, and Harding Loevner LP.
In addition to this, Cepheus-2 Specialised Financial Company and Contemporary Real Estate Funds Limited Liability Company, which carry out trust management of the Modern Ruble combined closed-end mutual investment fund, are permitted to carry out transactions (operations) with securities owned by 683 Capital Partners, LP, including those acquired in accordance with this directive.
Other permits, decisions, consents (preliminary consents), approvals (preliminary approvals) and other permits provided for by the legislation of the Russian Federation are not required to carry out transactions (operations) envisaged in this directive.