1. Presentation of Solutions on Salary Crediting and Payment to the SEAMEN

2. Pivdennyi Joint-Stock Bank offers you the following services: For you and seamen employed by your company – cooperation in salary crediting and payment according to the provided payroll slip to current accounts opened with the Pivdennyi Joint-Stock Bank.

3. Model of interrelation between the participants Payment under the labor contract 1. The Ship-owner hires the Seamen by means of the crewing company. 2. The Ship-owner pays salary based on labor contract with every seaman. Agreement on Services of salary crediting to current accounts of seamen according to the provided payroll slip. Ship-owner company Crewing companySeaman

4. What is the point of bank’s involvement in crediting salary to current accounts? Ship-owner company Seaman Bank Seaman Crediting the seamen’s salary in foreign currency to transit accounts in bank according to the Agreement Crediting the salary in foreign currency to seamen’s current accounts according to the provided payroll slip

5. 1.A service agreement is concluded between the Bank and the Company. 2. The Company transfers salary in currency to the seamen in a lump sum to the bank account. 3.Based on provided payroll slips the Bank distributes the money to the seamen’s current accounts. The payroll slips should be certified by the Company seal and signed by the authorized person. 4.The money is credited to accounts on the day of receipt of transfer of the Company to the bank account and details in electronic form. 5.The Bank confirms the fact of money receiving and crediting to the seamen’s accounts in an electronic form. 6.The banking service agreement may be concluded based on one of the two options: а) the seaman himself shall pay the fee for money withdrawal from the account at the amount of 0,5% б) the Company shall pay the fee for crediting money to the seamen’s accounts at the amount of 0,5% at the moment of transfer of the salary. In such case a seaman may withdraw money from the account without any fees. The algorithm:

6. for Companies: When such agreement is signed the company’s expenses on the salary transfer are reduced significantly (money are transferred in a lump sum and are not split by seamen); for seamen: preferential tariffs for accounts opening; endorsement and servicing the payment card of any kind (Mastercard, Visa) based on preferential tariffs for settlements and money withdrawal, both in Ukraine and abroad; opening of the account at place of residence of seamen in branches and outlets of Pivdennyi Joint-Stock Bank all over Ukraine based on unified bank tariffs; convenient working schedule of the bank; qualitative, fast servicing in any branch or outlet of Pivdennyi Joint-Stock Bank. Benefits of cooperation in paying the salary in foreign currency through the Pivdennyi Bank

7. The ship-owner company’s costs on salary payment through accounts opened in the Pivdennyi Joint-Stock Bank Input data: Option 1 (current situation) Option 2 (agreement conclusion if the seaman pays fees for cash withdrawal) Option 3 (agreement conclusion if the ship-owner pays for fees for salary crediting) number of seamen = 200 persons average salary = 3000.00 US dollars payroll budget = 200*3000.00 = 600 000.00 US dollars fee for 1 transfer = 30.00 US dollars Costs of the transfer 200*30.00=6000.00 US dollars 1*30.00=30.00 US dollars Expenses on salary creditingfree depending on the agreement (0.5% of the salary amount: 600 000.00*0.5% = 3000.00 US dollars) Total costs for crewing6 000.00 US dollars30.00 US dollars3 030.00 US dollars Example of how much the companies can save

8. Example of how much the seamen can save Expenses of the seamen when receiving the salary through the accounts opened in the Pivdennyi Bank Input data: Option 1 (current situation) Option 2 (agreement conclusion if the seaman pays fees for cash withdrawal) Option 3 (agreement conclusion if the ship-owner pays for fees for cash withdrawal) average salary = 3000.00 US dollars Costs of endorsement of the payment card (current account) current account - 20.00 hryvnias payment card - 0.00 hryvnias for 3 years Premium card (Visa Gold) - 200.00 hryvnias for 3 years Costs on salary withdrawal in cash 0.5% of the salary amount Free Total costs for a seaman about 190.00 hryvnias = 0.00 UAH (endorsement of the card for 3 years) + 15.00 USD (3000.00*0,5% (on the NBU rate) 0.00 UAH (endorsement of the card for 3 years)

9. We hope that you find the provided information interesting to your company! Good luck to your business! Best regards, Head of Board Pivdennyi Joint-Stock Bank L.I. Khudiiash