1. Exclusion of liability

GLOBAL INVESTMENT ADVISORS assumes no liability for the completeness, accuracy or uninterrupted availability of the information on its websites, nor does it assume any liability for any damages or losses arising from actions taken on the basis of information on these or in any other publication of GLOBAL INVESTMENT ADVISORS. Furthermore, GLOBAL INVESTMENT ADVISORS assumes no liability for damages or losses caused by viruses or harmful components on its websites.

* In the context of this disclaimer “GLOBAL INVESTMENT ADVISORS“ refers to GLOBAL INVESTMENT ADVISORS as well as the offices or Partners of GLOBAL INVESTMENT ADVISORS.

2. No offer

None of the information contained herein constitutes an offer to purchase or sell a financial instrument or credit trading of GLOBAL INVESTMENT ADVISORS.

3. No investment advice

None of the information contained herein constitutes an investment advice or recommendations with regard to investment and other decisions. The past performance of securities is no guarantee of the future price of those securities.

4. Prospectuses and "Official Notices"

GLOBAL INVESTMENT ADVISORS neither assumes any liability for the completeness, accuracy or uninterrupted availability of prospectuses and "Official Notices", nor for any damages or losses arising from action taken on the basis of information in listing prospectuses and "Official Notices" or in any other publication that may be accessed on the websites of GLOBAL INVESTMENT ADVISORS. The securities in question are subject to the sales restrictions set out in their individual prospectuses and "Official Notices".

5. No guarantee of the functioning of alert services and other free services

GLOBAL INVESTMENT ADVISORS offers no guarantee whatsoever with regard to the functioning, completeness, accuracy or reliability of alert services and other free services.

6. Authoritative language

The German version of the rules and regulations published by the regulatory bodies of GLOBAL INVESTMENT ADVISORS for their offices venues takes precedence over the French and English versions in the event of any incongruence between the various versions. The current version of the legal documents at any given time is available on the websites of the offices venue or on the website of GLOBAL INVESTMENT ADVISORS.

7. References and links

Owners of websites to which there are hyperlinks on GLOBAL INVESTMENT ADVISORS websites bear sole and exclusive responsibility for the content of those websites, as well as for the sale of the products offered there. GLOBAL INVESTMENT ADVISORS merely facilitates access to these websites. The inclusion of a provider or owner of websites on GLOBAL INVESTMENT ADVISORS websites does not constitute an endorsement by GLOBAL INVESTMENT ADVISORS.

Any references and links to legal documents are provided for user convenience only. GLOBAL INVESTMENT ADVISORS assumes no responsibility for the completeness and accuracy of such references or legal documents.

8. Local and other legal restrictions

Products traded on offices venues of GLOBAL INVESTMENT ADVISORS may be subject to restrictions on sales to certain countries or persons. It is the responsibility of each individual investor to observe the issuer's product terms and conditions.

The entire content of the websites of GLOBAL INVESTMENT ADVISORS is protected by copyright. The reproduction in whole or in part, transmission (by electronic or other means), modification, linking or use of these websites for public or commercial purposes without the prior written consent of GLOBAL INVESTMENT ADVISORS is prohibited.

9. Applicable law

The use of the websites of GLOBAL INVESTMENT ADVISORS is governed exclusively by SWITZERLAND law.

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