Important Legal Information

Please read the following important legal comments carefully.

Local legal limitations

Copyright

No offer

The information and opinions disclosed on the website of Plenum constitute neither an invitation nor an offer to purchase or sell securities or any other investment instruments nor an invitation or an offer to perform any other transaction. They merely serve purposes of information. The information and opinions provided on the website of Plenum do not constitute recommendations or guidance for decisions concerning your investments and other matters and do not have any advice character whatsever. Instead, we recommend you to contact your customer advisor or security dealer.

Collective Investments

The information about Plenum-Funds on the Plenum website is not directed to any person resident in any country where the access to this information or the publication of information about these funds is forbidden by the local law.The following web-pages provide information regarding structured products as defined in article 5 of the Swiss collective investment scheme act (CISA, SR 951.31) and collective investment schemes which do not qualify for public offering/distribution in Switzerland. Therefore, the following web-pages are not intended in any way to constitute a public offering or offer to the public or public marketing (as defined in the CISA) of the structured products and collective investment schemes referred to on the following web-pages. In order to access the following web-pages you will explicitly have to confirm that you qualify as one of the following "qualified investor" categories of the CISA. Moreover, by accessing the following web-pages you acknowlegde that the structured products and the collective investment schemes referred to on the following web-pages shall not be offered to investors in Switzerland who are not "qualified investors" within the meaning of the CISA.

No guarantee

Plenum is as diligent as possible in compiling and updating the information on the website of Plenum However, Plenum and its contractual partners do not furnish any guarantee (including liability towards third parties) in respect of correctness, updating and completeness of the information and opinions disclosed on the website of Plenum Furthermore, Plenum does not assume any responsibility and does not guarantee in any way that the functions on its website are not interrupted or that they are free of errors, that errors are rectified or that the site or the respective server is free of viruses or any other detrimental elements.

Reservation concerning changes

All of the information, performance and other representations, links or other messages may be changed at any time without prior notice or explanation to the user.

Performance

The value of the invested capital or the price of shares in funds as well as the yield and the amounts distributed are subject to fluctuations and may cease altogether. A positive performance (development of value) in the past does, therefore, not constitutes any guarantee for a positive performance in the future. Particularly, the protection of the invested capital cannot be warranted; there is thus no guarantee that the value of the employed capital or the shares held in funds will correspond to the original capital upon the sale or the withdrawal of the originally employed capital. Investments in foreign currencies are exposed to the additional risk of exchange rates or currency risks, i.e. the development of the value of such investments also depends on the volatility of the foreign currency which might bear negatively on the value of the invested capital. The risk / yield potential in investment funds is, in addition, dependent on the investment policy and the investment emphasis of the individual investment fund. Neither the members of Plenum nor its contractual partners assume a liability for possible losses.

Exclusion of liability

Plenum and its contractual partners decline any liability (including negligence and third party liability) for any losses caused by direct and indirect damages of any kind in connection with the information, performance and other representations, links or other communications contained in this website or related to the risks of financial markets.

Website links

You may possibly leave the website of Plenum by using a link. Plenum has not verified the websites of third parties linked to the website of Plenum and does not assume any responsibility for their content, particularly not for the offers, information and opinions contained therein.

Legal guidance on the use of E-Mail

Please note that the use of E-Mail is entirely voluntary. If you do make use of these services, please take time to read through the following legal guidelines that apply to them.The transmission of E-Mail messages via public networks is an unprotected medium, and these messages can potentially be intercepted, read and tampered with by third parties. Even if both the sender and recipient of the message are located in Switzerland, E-Mail texts are commonly transmitted across borders, without any controls. This means that third parties are able to not only intercept the content, but also identify the sender and recipient of the E-Mail message, and draw conclusions about existing banking relationships. The same applies to E-Mail messages used in communications with PlenumPlenum is authorised to send users E-Mails messages. Unless an agreement to the contrary is made, however, any messages and orders (including payment instructions) sent by E-Mail are not binding on Plenum Plenum does not accept any liability whatsoever for damages or losses resulting from the use of E-Mail or as a result of orders placed by E-Mail being received late or not at all.For technical reasons, Plenum is unable to guarantee the availability of the E-Mail services. Plenum does not accept any liability whatsoever for losses resulting from E-Mail messages being received late or not at all.These conditions equally apply to other unprotected forms of communication whose function and risk exposure is similar to that of E-Mail.

Taxes

Investors are advised to contact their tax consultant in respect of legal tax provisions at the tax domicile of the investor concerning holding or purchasing or selling of shares, shares in funds and other investment products and the pertaining effects on taxation.

Applicable law

Should a legal relationship result between the user and Plenum from using the website of Plenum this will be subject to Swiss law.

 © Plenum Gruppe - Update 17.02.2009/ML