Chernihiv region 23.07.2026 Start at 09:00 Additional auction using the Single Account system and Dutch auction technology for the sale of unprocessed timber leftovers from the fourth quarter 2025. Branch of the Northern Forest Office, Novgorod-Siverskyi Forestry

PLEASE NOTE! When making a guarantee deposit, it is MANDATORY to indicate the FULL purpose of the payment according to the invoice for correct and timely crediting of funds.

Dear participants in the trading session for the sale of unprocessed timber!
Ukrainian Universal Exchange LLC (EDRPOU code 25158707), in cooperation with the agent Chernihiv Regional Agro-Industrial Auction House LLC (EDRPOU code 44281234), is conducting an additional auction for the sale of unprocessed timber leftovers from the fourth quarter of 2025 by the forestry departments of the Chernihiv region, a branch of the Northern Forest Office of the State Enterprise “Forests of Ukraine,” using the electronic trading system of Ukrainian Universal Exchange LLC: https://utsd.uub.com.ua/trading (hereinafter referred to as the “ETS”)
The auction is conducted using a risk-based approach to determining the amount of security deposits based on a counterparty risk assessment system.

Date and time of the auction:
July 23, 2026, from 09:00 to 09:15.

Seller: Northern Forest Office Branch of the State Specialized Economic Enterprise “Forests of Ukraine”
Forestry: Novgorod-Siverskyi

Auction increment: 1% (one percent) of the lot’s starting price.
ATTENTION!
The auction is conducted using the SINGLE ACCOUNT system in accordance with the Provisional Regulations on the Organization of a Pilot Project for the Application of the Single Account System in Exchange Trades for the Purchase and Sale of Unprocessed Timber/Firewood on the Commodity Exchange - UUB LLC (hereinafter referred to as the “Temporary Regulations”). The Temporary Regulations can be viewed at the following link: https://www.uub.com.ua/dokumenty/vnutrishni-dokumenty-birzhi/, and in accordance with the Pilot Project of the clearing house – UKD LLC regarding the introduction of a risk-based approach to determining the amount of margin requirements based on a counterparty risk assessment system for the sector (commodity market) “Raw Timber and Lumber” (Section 8 of the Regulations on Clearing Activities for the sector (commodity market) “Raw Timber and Lumber” of the clearing house – UKD LLC, published on the official website of UKD LLC at the following link: https://www.uaclearing.com.ua/dokumenty/

ATTENTION!
The auction is conducted using the Dutch auction method!

To participate in the auction, you must:
Obtain accreditation with UUB LLC and sign an Application for Accession to the Clearing Services Agreement with the clearing house—UKD LLC.
(Information on the accreditation procedure is available at https://www.uub.com.ua/akredytatsiya/neobroblena-derevyna/)
Submit an Application for Accession to the Provisional Regulations via the Exchange’s Electronic Trading System (ETS), with the mandatory electronic signature of the trading participant’s broker.

Fund your clearing account in the clearing accounting system of UKD LLC to ensure the required amount of funds within the available balance of the security deposit for use in connection with UUB LLC, which covers the amount of the security deposit as a means of securing the fulfillment of obligations arising for the participant in connection with their participation in the auction, as established by UKD LLC.
To ensure the fulfillment of obligations under exchange contracts concluded on behalf of UUB LLC based on the results of the auction for the sale of unprocessed timber leftovers from the fourth quarter of 2025 in the Chernihiv region, using the single account system and to ensure payment of the exchange fee, a security deposit has been established, the rate (amount) of which is determined based on the risk group of the clearing participant (auction participant (buyer)) as of the date and time of the auction’s start and is specified in the internal document of UKD LLC—Rates (Amounts) of the Guarantee Deposit (Margin) of the Clearing Institution – UKD LLC, which is published on the official website of UKD LLC at the following link: https://www.uaclearing.com.ua/dokumenty/.
To obtain information about the risk group (A, B, C, D, or E) to which UKD LLC has assigned the clearing participant (trading participant (buyer)) in accordance with the Methodology for Assessing Counterparty Risks by Sector (Commodity Market) “Raw Timber and Lumber” of the clearing institution UKD LLC, which is published on the official website of UKD LLC at: https://www.uaclearing.com.ua/dokumenty/, can be found in the trading participant’s personal account in the Exchange’s Electronic Trading System (ETS).
Funds may be deposited into the clearing account in the clearing system of UKD LLC by transferring funds to the bank account of UKD LLC using the details specified in the invoice, with the following mandatory payment description:
“UAH-0000000000; UTSD; payment of a security deposit to replenish the clearing account and block funds for the Exchange under the category “Raw timber and sawn timber,” excluding VAT,”
where: UAH-0000000000 – currency ID and clearing account number (EDRPOU code) of the clearing participant; UTSD – commodity exchange identifier (electronic trading system) of UUB LLC.
Attention! When making the guarantee deposit, you must specify the FULL payment description to ensure correct and timely crediting of funds.
The security deposit must be transferred by the trading participant to the bank account of UKD LLC prior to the participant submitting a price offer (bid) during exchange trading in accordance with the Provisional Regulations.

An auction participant independently determines the amount to be transferred to their clearing account, taking into account their expectations regarding participation in the auction and the corresponding rate (amount) of the security deposit set by UKD LLC for each risk group of clearing participants.
The data processing fee is paid to the Agent’s account by auction participants (buyers) based on the results of their participation in the auction for the sale of unprocessed timber, if the participant (buyer) submits price offers (bids) during the auction, in the amount of 500.00 UAH including VAT, based on an invoice generated in the Exchange’s Electronic Trading System (ETS).
If the parties fail to conclude a purchase and sale agreement for unprocessed timber/firewood based on the results of the exchange trading within 5 (five) business days, starting from the business day following the date of the relevant auction, the exchange transaction, the results of the exchange trading, and the exchange (auction) certificate shall be automatically canceled, and the Clearing House—UKD LLC—shall implement risk management measures in accordance with UKD LLC’s internal documents.
ATTENTION! For clearing participants (auction participants—buyers (auction winners)) who, as of the date and time of the auction’s start, are classified in risk group E, UKD LLC has established a security deposit as a means of ensuring the fulfillment of obligations under the contract for the purchase – sale of unprocessed timber/firewood (contract performance) at a rate of 20% of the contract price, which must be transferred within 5 (five) business days, starting from the business day following the auction date, to the bank account of UKD LLC using the details specified in the invoice, with the following mandatory payment description:
“Contract No.; payment of a security deposit to guarantee the fulfillment of obligations under the purchase and sale contract (EDRPOU code of the clearing participant), excluding VAT.”

Participants who have submitted a purchase bid agree to the terms and conditions of participation in the auction, confirm their unconditional consent to the processing of their personal data, and agree to comply with the Regulations on the Organization and Conduct of Exchange Auctions for the Purchase and Sale of Unprocessed Timber and Lumber on the Commodity Exchange - “UKRAINIAN UNIVERSAL EXCHANGE” Limited Liability Company and the Temporary Regulations, and confirm the legal validity of their actions while participating in the auction, including actions taken within the ETS and using the ETS, as well as the consequences thereof.

Contact Information and Hours of Operation:
LLC “UUB”: tel. (044) 3 830 830; official website: https://www.uub.com.ua/. Monday–Friday from 8:30 a.m. to 5:30 p.m.
UKD LLC: tel. (044) 228-07-09; official website: https://www.uaclearing.com.ua/. Monday–Friday from 9:00 a.m. to 5:30 p.m.
Agent: CHOAD LLC: (067) 356-49-70; official website: https://choaad.com.ua/. Monday–Friday from 8:30 AM to 5:30 PM.

We look forward to seeing you and hearing from you!