PAY&GET MASTERCARD CAMPAIGN

Dear clients

We are happy to announce that the new Mastercard campaign will start on 1 May and will last until 31 May 2022.

During this period, all Mastercard card users who make a minimum of 3 online payments totalling EUR 1.00, are automatically entitled to a refund of EUR 5.00 to the bank account linked to the card.

Refunds are available for all users who make online purchases from local internet retailers, using any device (computer, table, smart phone).

Cash backs will be carried out by the 15th of the month following the month in which the last qualified card purchase was made, in accordance with the Campaign Rules below. Each Mastercard card is entitled to one refund during the campaign.

Please find the Campaign Rules below, and the Terms & Conditions attached.

Mastercard Pay & Get Rewards Program in Montenegro

Campaign Rules of the Program (the "Rules") for participating Issuers only

1. Introduction- MASTERCARD EUROPE SA, with its registered seat at Chaussee de Tervuren 198 a, Waterloo, Belgium, company no 0448.038.446 ("Mastercard Company") as a foreign legal entity introduces Mastercard Pay & Get Rewards Program (the "Program") in Montenegro.

Due to the fact Mastercard Company does not perform business activities on the territory of Montenegro Issuer of Mastercard debit or credit card is responsible for the realization of the Program in the territory of Montenegro and therefore has the obligation under the Consumers Protection Act ("Official Gazette MNE" no. 2/2014, 6/2014, 43/2015, 70/2017, 67/2019 and 146/2021) to announce the sales incentives offer.

Mastercard Company hereby establish the following Rules of the Program for participating Issuers.

The Program starts on 1st of May and ends on 31st May 2022.

The Program is organized in the territory of Montenegro.

Rules will be published at: https://www.mastercard.rs/sr-rs/korisnici/pogodnosti-i-promocije/montenegro.html, as well as on the websites of the participating banks in a form of their choosing.

1. Definitions - In these Rules:

"Account" means the account of the Card (if any) opened in the name of the Issuer Cardholder.

"Agreement" means the agreement between Issuer Cardholder and its Issuer in respect of issuing the Card.

"BIN" means the bank identification number.

"Card" means Mastercard card, issued in the name of a natural person, bearing Mastercard Company's brand and issued by the Issuer. The Card does not mean non-reloadable prepaid cards, Maestro or any commercial card issued by a bank or other payment institution.

"Cashback" means a cashback transaction which is available to Issuer Cardholder under this Program.

"Domestic Merchant" means any merchant with the registered seat in Montenegro, and which has signed an agreement on processing card payments with a bank with registered seat in the Montenegro and which has a license by Mastercard to process card payments.

"Eligible Purchase/s" means any purchase/s done online, i.e. over the internet with the use of the Card by respecting these Rules.

"In writing" means any written communications, including in the electronic form (such as e-mail messages).

"Issuer" means the bank or other payment institution that issued Card, namely:

• UNIVERSAL CAPITAL BANKA AD PODGORICA;

"Issuer Cardholder" means a natural person or legal entity, in whose name the Account is opened by the Issuer.

"Mastercard Company" means the company MASTERCARD EUROPE SA.

"Program" means the loyalty program Mastercard Pay & Get Rewards in Montenegro which enables earning Cashback from Eligible Purchases.

"Website" means the web page available at www.mastercard.rs.

1. The Enrollment and the Cashback (Money return)- by making an Eligible Purchase, during the Program, Issuer Cardholder is entitled to participate in this Program. By accepting these Rules, Issuer Cardholder shall be eligible for the marketing incentive (Cashback) in accordance with the Rules (as defined below).

Cards which made at least 3 or more Eligible Purchases at Domestic Merchants in the cumulative minimum amount of EUR1 Issuer Cardholder are entitled to receive cashback in the amount of EUR5, within a period till the 15th day of the month following the month of last Eligible purchase made by the Card in accordance with these Rules.

For avoidance of doubt, limitations regarding the purchase made by the Card at the online stores of the Domestic Merchants depend exclusively on each Issuer.

Transactions that will be excluded from the Program are the ones which belong to one of Merchant Category Codes (MCC) defined below:

• 6536 MoneySend Intracountry
• 6537 MoneySend Intercountry
• 6538 MoneySend Funding
• 6010 Manual Cash Disbursements - Customer Financial Institution
• 6011 Automated Cash Disbursements-Customer Financial Institution
• 7995 Gambling Transactions
• 4829 Money Transfer-Merchant
• 6050 Quasi Cash-Customer Financial Institution
• 6051 Quasi Cash-Merchant
• 6012 Merchandise and Services-Customer Financial Institution
• 6534 Payment Transaction
• 6533 Payment Transaction-Merchant
• 6540 POI Funding Transactions (Excluding MoneySend)
• 9754 Gambling-Horse Racing, Dog Racing, Non-Sports Internet Gambling
• 6532 PSP - Member Payment Transaction
• 6529 Remote Stored Value Load
• 6530 Remote Stored Value Load
• 6211 Gambling Transaction

The right of Cashback in accordance with this Program may be exercised by only once per unique Card number during the Program duration.

Mastercard Company will not be liable for any loss or damage incurred as a result of any interaction between Issuer Cardholder and the Domestic Merchant and/or Issuer with respect to the Eligible Purchases.

The Issuer Cardholder will get fixed cashback of EUR 5 in case of achieving the promotion conditions defined above. The amount of EUR 5 as an individual reward per Card will be posted to Issuer Cardholder by its Issuer.

1. Participation- To participate in the Program, Issuer Cardholders should comply with the provisions of the Agreement and these Rules, and Card with which Issuer Cardholders are participating in the Program, must be active. In case that Card is cancelled or blocked by Issuer Cardholders' Issuer, participation in the Program may be suspended. Mastercard Company may revoke participation of the Issuer Cardholder in the Program and cancel any cashback which has been already earned (except for the cashback that has already been paid to Account of the Issuer Cardholder) if Issuer Cardholder fails to comply with any of the Rules.
2. Information- Issuer Cardholder may check the Cashback received via any possible way provided by the Issuer (such as but not limited to, mobile banking, internet banking, electronic statement).
3. Suspension of rights to earn Cashback- In certain circumstances, Issuer Cardholders may lose the rights to earn cashback.

The cashback may be immediately cancelled, if one of the following occurs:

• Issuer Cardholders are in breach of the provisions of the Agreement with their Issuer;
• Eligible Purchase reversal;
• Issuer Cardholders are in breach of any provisions of these Rules.

In case of Issuer Cardholders breach of the Rules, Issuer shall notify Issuer Cardholder of cancellation of Cashback or suspension of the right to earn the Cashback.

1. Termination of participation- Closing of Account or Card will be regarded as Issuer Cardholder desire to terminate the participation in the Program.
2. Program Funding- Cashback funding is limited by the Program budget.
3. Termination- Mastercard reserves the right to terminate the Program if circumstances occur that Mastercard could not have known to occur or could not have foreseen, prevented, or eliminated, such as natural disasters, epidemics, civil unrest, war destruction, government acts of the influence on the fulfillment of obligations etc., and which circumstances directly or indirectly affect the financial market and the stability of currencies, i.e. the state of market exchange rates.
4. Severability of provisions- If any provision of these Rules or any portion thereof is held illegal, invalid or unenforceable, then such provision shall be severed from these Rules and shall not affect the legal force and enforceability of any other provisions. These Rules shall supersede all prior agreements, announcements and representations in respect of the Program. If any details of the Program contradict these Rules, then the Rules shall prevail, unless stated otherwise. Failure of Mastercard Company to exercise any of its rights in accordance with these Rules shall not be deemed as waiver from such rights.
5. Applicable law and language- these Rules are drafted in English and Montenegrin and governed by the laws of Montenegro. In case of any discrepancies or inconsistencies, the version of the Rules in English shall prevail.

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