ContractAgreement • June 24th, 2019 • LondonExecution Version Fiscal Agency Agreement The Republic of Serbia(represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance)as Issuer andDeutsche Bank AG, London Branchas Fiscal Agent and Paying Agent andDeutsche Bank Luxembourg S.A.as Registrar and Transfer Agent relating to €1,000,000,000 1.500 per cent. Notes due 2029 26 June 2019