Dear Clients,

InterCapital securities Ltd. (“InterCapital”) has  made changes to the Order Execution Policy.

As part of Xetra T7 release 14.0, the Zagreb Stock Exchange will introduce a new trading phase named Trade at Close on November 12, 2025.

In this regard, InterCapital has amended the Order Execution Policy (the “Policy”) which refers to financial instruments traded on the Zagreb Stock Exchange. The Policy is available on the website https://inter.capital/?mdocs-file=3411 and is applicable from November 12, 2025.

Trading at the Closing auction price is only initiated when the Closing auction has finished setting the price. In this case, Market orders and Limit orders that meet the criteria of the Zagreb Stock Exchange d.d  participate a Trade at Close with a price better than or equal to the price achieved in the Closing auction.

InterCapital will, without any special instructions from the client, leave or enter in the offer book Limit and Market orders that meet the criteria of the Exchange described in Policy paragraph named Limited and Market order execution on the Zagreb Stock Exchange during the Trade at Close phase.