Letter

EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR BUDGET Financial Market Operations Head of Unit of DG BUDG F2 Middle Office – Analytics and Reporting BUDG.F.2/KD MINISTRY OF FINANCE, SUUR-AMEERIKA 1, TAILINN 10122, ESTONIA FAX: +3726113664 E-MAII: [email protected] ATTENTION: STATE TREASURY DEPARTMENT WITH COPY TO: HER EXCELLENCY KYLLIKE SILLASTE-ELLING PERMANENT REPRESENTATION OF ESTONIA EMAIL: [email protected] RUE GUIMARD 11-13 - 1040 BRUXELLES MINISTRY OF FINANCE, SUUR-AMEERIKA 1, TAILINN 10122, ESTONIA FAX: +372611366 KAROLIN KERRO [email protected] Subject: Demand under the contribution agreement pursuant to Article 7 of Regulation (EU) 2022/2463 between the European Commission and the Republic of Estonia (the “Contribution Agreement”) for the coverage of MFA+ Q2 2026 interest following the award of interest rate subsidy to Ukraine for the charges due in year 2026 Dear Sir/Madam, Pursuant to Article 17 of Regulation (EU) 2022/2463, Ukraine submitted the formal request to receive an interest rate subsidy for the charges due in the year 2026 on 3 February 2025, in line with the procedures and deadlines set out in the MFA+ Regulation and in the Loan Agreement for the macro-financial assistance+ loans. Terms not otherwise defined shall bear the same meaning as ascribed to them in the Contribution Agreement. This letter constitutes a Demand under Clause 1.1 of the Contribution Agreement. Under the terms of the MFA+ contribution agreement signed by the Republic of Estonia on 19th of February 2024 and by the European Commission on 27th of February 2024, between the European Commission (the "Commission") acting on behalf of the European Union, and the Republic of Estonia (the "Member State"), the payment of contributions Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111 Commission européenne, 2920 Luxembourg, LUXEMBOURG - Tel. +352 43011 Office: MO15 03/027 - Tel. direct line +352 4301-86874 [email protected]  for the coverage of the MFA+ interests for Q2 2026 is due no later than 45 business days following the receipt of the present letter (i.e. 17 July 2026). The European Commission will continue calling demand under the Contribution Agreement on a quarterly basis, until the end of 2027, with the following schedule in 2026: The Transfer Date in the meaning of Clause 1.7 of the Contribution Agreement for the current request is 17 July 2026. The Demanded Amount to be paid is EUR 319,833.19 Member State GNI key 2025 to apply Q2 2026 Debit Note Reference in 2026 Estonia 0.219616737723000% 319,833.19 2618006559 The Demanded Amount is calculated by multiplying the corresponding GNI key with the total demanded amount from all Contributors i.e. EUR 145,632,427.93 for Q2 costs, in line with Clause 1.4 of the Contribution Agreement. The payment should be made at ING Bank account of the European Commission(1): - IBAN: BE30 3751 1375 4811 - SWIFT BIC Code: BBRUBEBB - Communication: 2618006559 Estonia - MFA+ Contribution for Q2 2026. The Contributor shall inform the back-office treasury of the Commission upon having made the payment, to [email protected] with copy to BUDG-DFS- [email protected] Yours faithfully, Electronically signed Koen DIERCX Head of Unit of DG BUDG F2 (1) Terms of payment: 1. All bank charges are payable by you, except where Directive (EU) 2015/2366 on payment services in the internal market applies. 2. Where the other party has claims on the Commission that are certain, of a fixed amount and due, the Commission reserves the right, after giving prior notification, to effect recovery by offsetting. 3. If the Commission's account is not credited by the deadline, interest will be payable on the entitlement established at the rate of 0 %. 4. If the Commission's account is not credited by the deadline, the Commission will: • call in any financial guarantee lodged in advance; • enforce payment either by adopting an enforceable decision in accordance with Article 299 of the Treaty on the Functioning of the European Union or by taking legal action. 2 Electronically signed on 18/05/2026 15:23 (UTC+02) in accordance with Article 11 of Commission Decision (EU) 2021/2121 Saatja: "BUDG DFS LOANS" <[email protected]> Saaja: "(Permanent Representation of Estonia = Représentation permanente de l'Estonie)" <[email protected]>, "(Rahandusministeerium = Ministry of Finance)" <[email protected]>, "KERRO Karolin (Ministry of Finance Estonia)" <[email protected]> Teema: Demand under the contribution agreement to the Republic of Estonia for the coverage of MFA+ Q2 2026 interest following the award of IRS to Ukraine for 2026 charges - Ares(2026)5082069 Kuupäev: 2026-05-19 15:56 Tähelepanu! Tegemist on välisvõrgust saabunud kirjaga. Tundmatu saatja korral palume linke ja faile mitte avada. Dear Sir/Madam, Please find the letter detailing the demanded amount under the contribution agreement for the coverage of MFA+ Q2 2026 costs. We remain available to answer any questions you may have. Please address any inquiry to our functional mailbox: [email protected]. We stand also ready to answer questions under our personal mail addresses [email protected], [email protected] and [email protected]. Sincerely yours, Commission MFA+ Loans team