The information presented in this communication is provided to you solely as the addressed recipient, is for informational purposes only, is confidential and is not to be used or considered as an offer or a solicitation to sell or an offer or solicitation to buy or subscribe for securities or other financial instruments. It is not intended and should not be construed as tax, accounting or legal advice.

This information is current at the point of transmission only. Credit Suisse (UK) Limited, UBS AG Guernsey Branch and UBS AG, Sucursal en España (collectively, "Credit Suisse") will not be responsible for informing you of any future changes in circumstance which may affect the accuracy of the information contained in this communication. Credit Suisse does not accept any responsibility or liability (whether in contract, tort or otherwise) for any loss or damage, which may arise directly or indirectly from the use of or reliance on such information presented in this communication. Further, Credit Suisse accepts no liability for any direct or consequential loss arising from the transmission of this information to third parties or from the use of this information by third parties.

Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. The price of, value of, and income from any of the securities or financial instruments mentioned in the communication can fall as well as rise. Foreign currency-denominated securities and financial instruments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such securities or financial instruments. Investors in securities, the values of which are influenced by currency volatility, effectively assume this risk.

Credit Suisse (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority for the conduct of investment business in the United Kingdom. The registered address of Credit Suisse (UK) Limited is 5 Broadgate, London EC2M 2QS. If you have any questions regarding this communication, please contact your Relationship Manager.
Privacy Policy Credit Suisse (UK) Limited

UBS AG Guernsey Branch, a branch of UBS AG (incorporated in the Canton of Zurich, Switzerland), is regulated by the Guernsey Financial Services Commission, with its principal place of business at P.O. Box 368, Helvetia Court, South Esplanade, St Peter Port, Guernsey, GY1 3YJ.
Privacy Policy UBS AG Guernsey Branch

UBS AG, Sucursal en España, a branch of UBS AG (incorporated in the Canton of Zurich, Switzerland), is regulated by Bank of Spain and the Spanish National Securities Market Comission (CNMV). The registered address of UBS AG, Sucursal en España is Ayala 42, 28001 Madrid (Spain).
Privacy Policy UBS AG Sucursal en España

Credit Suisse (Italy) S.p.A., an Italian bank whose sole shareholder is UBS AG (established in the Canton of Zurich in Switzerland), regulated by the Bank of Italy and Consob. The registered office of Credit Suisse (Italy) S.p.A. is in Via Santa Margherita 3, 20121 Milan MI, Italy.
Privacy Policy of Credit Suisse (Italy) S.p.A.