The website of WINBRIDGE AG — known below collectively as WINBRIDGE — provide advance information about our managed accounts. Only the sales documents are legally binding and will be sent to you in electronic form on request. You should only make an investment decision once you have received the full documentation and risk considerations, as well as prior legal, tax and investment advice. All the data is for information purposes only and is not an offer or solicitation to make an offer to buy or sell any specific product. The information and recommendations are only valid at the time the documentation was prepared and may change depending on market developments and the targets set. The information and opinions expressed in these documents come from reliable sources. We cannot guarantee their accuracy, however. Past returns are no guarantee of future performance.

TERMS OF USE AND LEGAL INFORMATION

By accessing the WINBRIDGE websites and the services, information, documentation etc. they contain or describe (hereafter, “elements”), you confirm that you have understood and acknowledge the following terms of use and legal information. If this is not the case, please do not access the websites of WINBRIDGE AG and WINBRIDGE Asset Management GmbH.

ADDRESSEES

These WINBRIDGE websites are not addressed to persons subject to a legal system in which the publication or access to the WINBRIDGE websites is prohibited (due to the nationality of the person concerned, their place of residence or for other reasons). Persons subject to such restrictions are not permitted to access the WINBRIDGE websites. In particular, the information contained on these WINBRIDGE websites may not be distributed and/or forwarded to persons who may be US persons as defined in Regulation S of the U.S. Securities Act of 1933. The definition of a “U.S. person” includes all natural U.S. persons and legal persons, companies, firms, collectivities or other entities established under U.S. law. Otherwise the categories of Regulation S apply.

COPYRIGHT

All elements of the WINBRIDGE websites belong exclusively and entirely to WINBRIDGE (particularly copyright and other rights), unless mentioned otherwise. The elements may only be used freely for browsing purposes. Any further publication, in whole or in part, modification, linking, use, transmission and copying in whole or in part, without the prior written permission of WINBRIDGE is prohibited.

OWNERSHIP OF THE WINBRIDGE WEBSITES AND TRADEMARK RIGHTS

“WINBRIDGE” is a registered trade mark (®) of WINBRIDGE AG. No part of the WINBRIDGE websites is designed to grant any licence or right to use an image, a registered trade mark or a log. By downloading or copying the WINBRIDGE websites you do not acquire any rights to the software or elements on the WINBRIDGE website. WINBRIDGE reserves all rights (especially copyright and trademark rights) to all elements of the WINBRIDGE websites and will take all steps to enforce these rights in full.

INVESTMENT INFORMATION

The information on investment products published on these WINBRIDGE websites constitutes neither a solicitation to make an offer nor an offer nor a recommendation to buy or sell investment instruments or to conduct any other transactions or to enter into any legal relationship. The information published on these WINBRIDGE websites is also not a listing notice from a stock market. Investors interested in a particular product are advised to read the complete product documentation (offering memorandum) carefully before making an investment decision. The WINBRIDGE websites are not addressed to persons subject to a legal system in which the publication or access to the WINBRIDGE websites, and in particular to investment information, is prohibited (due to the nationality of the person concerned, their place of residence or for other reasons). Persons subject to such restrictions are not permitted to access the WINBRIDGE websites.

NO GUARANTEE

WINBRIDGE assumes no liability or guarantee for ensuring that the functions of the WINBRIDGE websites are not interrupted or free of errors, that errors are rectified or that the WINBRIDGE websites or the respective server are free of viruses or malware.

NO OFFER

The elements published on the WINBRIDGE websites constitute neither a solicitation to make an offer nor an offer nor a recommendation to buy or sell investment instruments or to conduct any other transactions or to enter into any legal relationship. The elements published on the WINBRIDGE websites have no influence on any contractual provisions that you may agree or have agreed with us. The latter have precedence over these provisions. The WINBRIDGE websites are not addressed to persons subject to a legal system in which the publication or access to the WINBRIDGE websites is prohibited (due to the nationality of the person concerned, their place of residence or for other reasons). Persons subject to such restrictions are not permitted to access the WINBRIDGE websites.

NO REPRESENTATION

Although WINBRIDGE has taken all care to ensure that the elements on the WINBRIDGE websites are accurate at the time published, neither WINBRIDGE nor its contract partners make any explicit or implicit representation or guarantee (also towards third parties) for the accuracy, reliability or completeness of the elements. The elements on the WINBRIDGE websites may be modified at any time without notice. WINBRIDGE does not use the WINBRIDGE websites to provide you or third parties with investment advice or other advice. The disclosures on the WINBRIDGE websites are neither decision-making aids for questions by legal, tax or other advisors, nor should any investment or other decisions be taken on the basis of these disclosures. Past performance is not necessarily a guide to future returns, i.e. the value of an investment may go up or down. WINBRIDGE cannot guarantee the preservation or appreciation of invested capital. You should obtain advice from a qualified specialist before making an investment decision.

NO LIABILITY

WINBRIDGE assumes no liability (including for negligence) for damages or consequential damages resulting from the use of or access to elements of the WINBRIDGE websites or links to third-party websites (or the impossibility of such use or access). Furthermore, WINBRIDGE assumes no liability for any manipulations of internet users’ IT systems by third parties.

NO SECURE DATA TRANSFER

You are advised that the transfer of data via the internet (e.g. email communication) may be subject to vulnerabilities. It is not possible to protect data completely against third-party access. For security reasons and to protect the transfer of confidential contents, such as enquiries that you send to WINBRIDGE as the operator of the website, the WINBRIDGE websites use SSL or TLS encryption. You can recognise an encrypted connection by the fact that the URL in the browser changes from “http://” to “https://” and a padlock symbol appears in the search bar. When SSL or TLS encryption is activated, the data you send to WINBRIDGE cannot be intercepted by third parties. WINBRIDGE also explicitly points out the risk of viruses and the possibility of targeted attacks by hackers. To combat viruses it is recommended to use the latest versions of browsers and to install anti-virus software and update it regularly. Emails from unknown sources and unexpected email attachments should generally not be opened.

PROTECTION OF PERSONAL DATA

WINBRIDGE does not collect any personal data by means of these websites unless you explicitly provided WINBRIDGE with these data. In this case WINBRIDGE is entitled to use your personal data to market products and services that WINBRIDGE believes may be of interest to you.

PROTECTION OF INTERNAL DATA TRANSFER

Within WINBRIDGE your personal data are transferred and stored in a protected environment (e.g. by firewalls). We take all reasonable measures to ensure that your personal data cannot be seen by third parties. This does not apply to third parties that WINBRIDGE appoints to provide services to you.

PROTECTION OF TRACKING DATA

To optimise the contents of the WINBRIDGE websites, WINBRIDGE collects tracking data that provides information about users’ surfing patterns. This tracking data does not permit individual users to be identified, which is why the data is not personal data covered by the Data Protection Act.

LINKS TO OTHER WEBSITES

External links are identified accordingly on the WINBRIDGE website. The websites to which WINBRIDGE sets links and the website that set links to the WINBRIDGE websites are beyond the control of WINBRIDGE, which is why WINBRIDGE assumes no liability for the accuracy, completeness and legality of their contents and for any offers and services they may contain. Connections to these or other websites are made at the user’s own risk. All rights reserved, subject to change.