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ABN AMRO Disclaimer

(applicable to Showpad)


General Disclaimer

This ABN AMRO publication is classed as "marketing communication" as referred to by the EU Markets in Financial Instruments Directive (MiFID). This means that the information in this publication was not drafted in accordance with the statutory and regulatory requirements for safeguarding independence of research and the information must not be regarded as an objective representation of the topics discussed. This also means that our trading of any products mentioned is not restricted before or after this publication is provided to you.

The information offered in this document has been drawn up by ABN AMRO Bank N.V. and is intended as information in a general sense and is not tailored to your own personal situation. Therefore the information may not be expressly regarded as advice or as a proposal or offer to 1) purchase or trade in financial instruments and/or 2) make use of investment services nor as investment advice. Decisions based on the information from this document are taken at your own cost and risk. The information and conditions applicable to the financial instruments and investment services provided by ABN AMRO can be found in the Bank's General Terms and Conditions available at www.abnamroprivatebanking.be.

This publication was prepared by ABN AMRO Bank N.V. and its affiliated companies ("ABN AMRO") and is intended as general information only. No rights can be derived. The information included in this brochure is subject to printing errors and may be changed without any prior notice.

ABN AMRO and/or its agents or subcontractors do not accept any liability for any losses (including loss of profits) resulting in any way from the information offered to you in this document or its use.

ABN AMRO, or the relevant entitled party, reserves all rights (including copyright, trademarks, patents and any other intellectual property rights) with respect to all the information provided in this document (including all text, graphics and logos). The information in this document must not be copied, published in any other way, distributed or reproduced without the prior written permission of ABN AMRO or the legitimate consent of the entitled party. You may print the information in this document for your own personal use.

US Person Investment Disclaimer

ABN AMRO Bank N.V. (ABN AMRO) is not registered as a broker-dealer and investment adviser as referred to in the American Securities Exchange Act of 1934 and the American Investment Advisers Act of 1940, as amended from time to time, nor in the sense of the applicable legislation and regulations of the individual states of the United States of America. Unless in the case of an exception on the grounds of the aforementioned legislation, ABN AMRO Investment Services, including (but not limited to) the description of products and services as well as advice relating thereto, is not intended for residents of the United States ["US Persons" in the sense of the aforementioned legislation and regulations]. This document, or copies thereof, may not be sent or taken to the United States of America or provided to residents in America.

Without prejudice to the aforementioned, it is not the intention of this document to sell or distribute services and/or products described in this document or to provide them to persons in countries where ABN AMRO is not permitted to do so by law. Any person who has access to this document or copies thereof, should investigate whether there are any legal restrictions to the publication or dissemination of this document and/or making use of the services and/or products described in this document and should take such restrictions into account. ABN AMRO is not liable for any losses resulting from products and/or services received in breach of the above restrictions.