Disclaimer  Persons who use the merlini finance ag Web site confirm that they understand and accept the following conditions, including the important legal notices.

Access to the information on this Web site may be restricted by the laws of the user's domicile-relevant legal order. Those to whom such prohibitions apply are not permitted to access the merlini finance ag Web site. Users are responsible for informing themselves about the relevant restrictions and for complying with them.

The information published on this Web site is intended exclusively for informational purposes and does not justify a promotion, recommendation, advice, an offer, or a solicitation to buy or sell any investment instrument; to engage in a transaction; or to close any deal.

merlini finance ag makes every effort to obtain from reliable sources only the information available on this Web site. merlini finance ag and others make no warranty about the timeliness, accuracy, correctness, reliability, or completeness of the information or views on this Web site. All information are solely for personal use and may be changed at any time without prior notice. The information on this Web site does not constitute decision support for any legal, tax, or other questions, nor should it be taken as the basis for any investment or other decision.

merlini finance ag or third parties assume no liability whatsoever for losses or damages of any kind – including direct, indirect, or consequential damages that arise in connection with the opening and/or use of the merlini finance ag Web site or of Weblinks to other Web sites – even if merlini finance ag and/or third parties have been advised about such possibility.

Through activation of those other sites, the home page of merlini finance ag may be left. merlini finance ag has not examined the linked sites. If you follow such links, you do so at your own risk. merlini finance ag assumes no responsibility or liability for any contents of or consequential damages caused by Web sites from any third party.

The entire content of the Web site of merlini finance ag is protected by copyright laws (all rights reserved) and is owned by merlini finance ag unless otherwise stated. Reproduction, transmission, modification, linking, and usage of this Web site is prohibited for any public and/or commercial purpose.

For any dispute arising in connection with this Web site, the German version of the texts will be legally binding. Swiss law will be applicable, jurisdiction will be defined by the legal domicile of merlini finance ag.

18 February 2015