Disclaimer

Important Notice
 
The information given in the following presentation does not constitute an offer by Hamburger Sparkasse AG or any of its affiliates or a solicitation of an offer to purchase securities. In some countries, the purchase of securities about which information is made available in the following presentation may be prohibited in general or for certain persons and therefore only possible for certain investors. The same may also apply to the dissemination of information about these securities. In particular, the information given in the following presentation does not constitute an offer of securities in the United States of America. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Hamburger Sparkasse AG does not intend to register any offering of securities in the United States or to make any public offering.
 
Neither Hamburger Sparkasse AG nor any of its affiliates accepts any responsibility for ensuring that securities about which information is made available in the following presentation are suitable for investment by all investors. The information in the following presentation is therefore not to be understood as a recommendation on the part of Hamburger Sparkasse AG or any of its affiliated companies to make a particular investment, nor as an invitation or recommendation directed at a particular investor to subscribe to, otherwise acquire, sell, hold or otherwise deal in securities. Each reader of this presentation is solely responsible for analysing the information available therein and for evaluating the opportunities and risks of investing in those securities about which information is made available in the following presentation. You are advised to consult generally available sources of information about the securities and to seek professional advice before making any investment decision.
 
THE INFORMATION AND DOCUMENTS CONTAINED ON THIS WEBSITE ARE NOT INTENDED FOR, AND MAY NOT BE VIEWED BY OR DISTRIBUTED TO, PERSONS RESIDENT IN THE UNITED STATES OF AMERICA.

By accessing the following pages of this website, you acknowledge that you are not a resident of the United States of America and that you will not disclose any of the information or documents contained herein to any person who is a resident of the United States of America. You also acknowledge that the following information or documents do not constitute an offer, invitation or recommendation to subscribe for or to acquire, hold or sell any securities.
 
I AM NOT A RESIDENT OF THE UNITED STATES AND I ACCEPT THE ABOVE TERMS.”