Welcome to the official Internet website (the “Web Site”) of Private Scandinavian Sparkasse and Credit Corp. S.A(“PSS”). The information on this Web Site is of a general nature and users should not rely on any information contained herein in relation to a specific issue without taking banking, investment and financial or other professional advice. PSS requires that all persons using this Web Site read and acknowledge the following information.

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEB SITE AND ANY PAGES HEREOF, YOU AGREE TO ACCEPT THE CONDITIONS BELOW. IF YOU DO NOT AGREE, THEN DO NOT ACCESS THIS WEB SITE OR ANY PAGES HEREOF.

1. CHANGES TO THE TERMS OF USE.

PSS may modify these Terms and Conditions at any time and without prior notice. You should review the most current version of these Terms and Conditions by visiting the PSS Site and clicking on the Terms of Use hyperlink located at the bottom of the page. Your continued access to and use of this Web Site constitutes your acceptance of these Terms of Use as modified. The only notice of changes or modification to these Terms and Conditions will be by PSS publishing revised of Use on this Web Site; PSS will not separately notify you of any changes or modifications.

2. USE OF INFORMATION AND MATERIALS.

The information contained in this Web Site does not constitute an offer or solicitation of investment, financial or banking alternative services provided by PSS. The contents of this Web Site are for information purposes and do not form a contract or basis for an agreement, which can be accomplished only by completing the appropriate account application questionnaires, completing the appropriate account forms which may be sent to you, together with the required verification information, and the agreement of PSS to establish a Member relationship with you and in connection therewith to open one or more accounts for you.This Web Site should not be regarded as an offer or solicitation to sell savings, loans, investments, financial or any other service or product in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. Since distribution of the materials described in this Web Site may be restricted by law in certain jurisdictions, persons accessing this Web Site are required to inform themselves about and observe any such restrictions.

EXCEPT AS OTHERWISE EXPRESSLY PERMITTED BY THE PRECEDING PARAGRAPHS, YOU AGREE NOT TO REPRODUCE, RETRANSMIT, DISSEMINATE, SELL, DISTRIBUTE, PUBLISH, BROADCAST OR CIRCULATE ANY OF THE SERVICES OR MATERIALS IN ANY MANNER OR FOR ANY PURPOSES (WHETHER PERSONAL OR BUSINESS) WITHOUT THE PRIOR EXPRESS WRITTEN CONSENT OF PSS AND/OR THE DATA PROVIDERS. IN ADDITION, YOU SHALL NOT, WITHOUT THE PRIOR EXPRESS WRITTEN CONSENT OF PSS AND THE RELEVANT DATA PROVIDERS, MAKE COPIES OF ANY OF THE SOFTWARE OR DOCUMENTATION THAT MAY BE PROVIDED, ELECTRONICALLY OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, TRANSLATING, DECOMPILING, DISASSEMBLING OR CREATING DERIVATIVE WORKS.

3. LIMITATIONS ON INVESTMENT GUIDANCE AND PROFESSIONAL ADVICE

Without limiting the foregoing, PSS’s services and the investment vehicles described herein have not been registered or licensed under any United States securities legislation and are not being offered or sold, directly or indirectly, in the United States or any of its territories or possessions or areas subject to its jurisdiction or to citizens or persons thereof. As the services and investment vehicles described herein may be restricted by law in certain jurisdictions you should inform yourself as to such restrictions in your country of residence. If you are a resident of a country where the services described herein are not available or you are otherwise restricted in any manner whatsoever, do not attempt to register as a member of this financial institution or to use it. Please note also that the services described herein are not available to any person who, under the laws of the country in which he or she is resident, is a minor or otherwise unqualified to be a party to a contract. Certain services and investment vehicles offered by PSS may not be available to certain current and/or potential members, whether as a result of their country of residence or for other reasons, and specific reference should be made to any disclaimers and the Special Terms and Conditions governing each service and investment vehicle.

All services and investment vehicles are offered at the sole discretion of PSS. PSS reserves the right to decline applications for registration and to void any transaction entered into by a prohibited person described above. Opening an account with PSS and using any of the services or investment vehicles described herein by any person will constitute a representation that such person is not prohibited from such use and that all information provided in connection therewith is accurate and complete. No information on the Web Site constitutes a recommendation or an invitation to buy or the solicitation of an offer to sell securities or an offer to accept deposits or to provide any other products or services or investment vehicles in any jurisdiction to any person to whom it may be unlawful to make such recommendation, invitation, solicitation or offer.

4. ACCURACY OF INFORMATION

Information in this Web Site is subject to change and to being updated without notice from time to time. Messages and information passing over the Internet may not be free from interference by third parties and should be independently verified. It is the responsibility of the user to ensure that viruses do not enter the system and PSS assumes no responsibility in this respect. Neither PSS (nor any other person involved with the provision and maintenance of this Web Site) takes any responsibility for the accuracy of the information provided in the Web Site and use of such information is at the user’s sole risk. PSS does not accept any liability for any loss or damage of whatsoever nature including, but not limited to, loss of profits, goodwill or any type of financial or other pecuniary or direct or special indirect or consequential loss howsoever arising whether in negligence or for breach of contract or other duty as a result of use of or reliance upon the information contained in this Web Site.

5. EXCLUSION OF WARRANTIES

Apart from the instructions provided concerning use of deposit and payment services and information concerning rates of interest which currently apply, PSS makes no warranty and (to the extent permitted by applicable law) disclaims all liability for any data, information or advice you obtain from the Web Site, including any consequence of acting upon such data, information or advice. The information contained in this Web Site may not be copied, transmitted, or reproduced in any form or manner whatsoever without the prior consent of PSS. All copyrights and similar rights in the design and content of this Web Site are reserved to PSS and its licensors.

6. SUBMISSIONS

By submitting ideas, suggestions, documents, and/or proposals to PSS through its Contact Us links, you acknowledge and agree that:

7. INDEMNITY

You agree to indemnify and hold PSS and its subsidiaries, affiliates, officers, agents, employees, partners and licensors harmless from any claim or demand, including the reasonable attorneys’ fees, made by any third party due to or arising out of content you submit, post, transmit, modify or otherwise make available through the PSS services, your use of the PSS services, your connection to the PSS services, your violation of the Terms of Use, or your violation of any rights of another.

8. TERMINATION

You may terminate your PSS account, any associated email address and access to the PSS services by submitting such termination request to PSS.You agree that PSS may, without a prior notice, immediately terminate, limit your access to or suspend your PSS account, any associated email address, and access to the PSS services. Cause for such termination, limitation of access or suspension shall include, but not be limited to,

Further, you agree that all terminations, limitations of access and suspensions for cause shall be made in PSS’s sole discretion and that PSS shall not be liable to you or any third party for any termination of your account, any associated email address, or access to the PSS services.

9. COPYRIGHT

Copyright in the information contained in this website subsists through international treaties and the laws of many countries. It is owned by PSS Holdings Co., Ltd. unless otherwise stated. You may download a single copy of this document and make a single hard copy, where necessary for its use as a reference. Except as permitted by applicable laws, no part of this publication may be otherwise reproduced, adapted, performed in public or transmitted in any form by any process (graphic, electronic or mechanical, including photocopying, recording, taping or by storage in an information retrieval system) without the specific written consent of PSS Holdings Co., Ltd.