Please read carefully the following legal notices and terms of use which provide important information on the access to and use of this area. By gaining access to this area and using it, you acknowledge that you have taken note of these legal notices and terms of use of the Aquila Group (which is Aquila Capital Holding GmbH and to affiliated companies (as defined in §§ 15 et seqq. of the German Stock Corporation Act) and agree to them.

LIMITED LIABILITY OF CONTENTS ON THIS WEBSITE

Aquila Capital Investmentgesellschaft mbH checks and updates the information and content on its website on a regular basis. However, it assumes no liability (and no third-party liability) for the correctness, reliability or completeness of the information provided. The information provided on this website as well as the legal notices may be changed at any time without prior notification. Aquila Capital Investmentgesellschaft mbH therefore recommends accessing and reading this document regularly in order to be familiar with possible changes. As a result, information once published on this website should not be understood to mean that matters have remained the same since publication or since the regulatory authority was notified or that the information is still up-to-date following its publication. The validity of the information and recommendations is limited to the point in time of their being issued and may change based on market developments and their targets. The information and opinions contained in these documents come from reliable sources. However, Aquila Capital Investmentgesellschaft mbH cannot give a guarantee of their accuracy.

COPYRIGHT-PROTECTED INFORMATION AND USE OF THIS WEBSITE

The content and structure of this website are protected by copyright. The reproduction of information or data – in particular, the use of texts, portions of texts or images – requires the prior consent of Aquila Capital Investmentgesellschaft mbH.

IN PARTICULAR, YOU MAY NOT:

(a) systematically copy parts of this website (whether by printing them on paper, saving them to a file or otherwise);

(b) remove, change or otherwise make incomprehensible the content of this website or use the material contained on this website in a manner other than intended in these legal notices and terms of use;

(c) use this website or the information contained on it for unlawful purposes.

PROCESSING OF PERSONAL DATA – PRIVACY POLICY

Information about processing of personal data you will find in your privacy policy.

LINKS TO OTHER WEBSITES

The links to other websites on this website serve solely to indicate information that may be helpful for the user. However, Aquila Capital Investmentgesellschaft mbH emphasises expressly that it has no control or influence whatsoever over the design or content of the linked websites, which do not belong to Aquila Group. The company assumes no express or implied guarantee or liability for the content of such websites, including their accuracy, completeness, reliability or suitability for certain purposes. It assumes no liability for the authenticity of the documents on the internet. Links to other websites should therefore not be understood as either a recommendation or assumption of liability with regard to the information, opinions, ideas, products or services presented on such websites or as a guarantee pertaining to the content of such websites.

NO LINKING TO THIS WEBSITE

You may not link back to this website without the prior written permission of Aquila Capital Investmentgesellschaft mbH.

NO RECOMMENDATION OR OFFER OF SERVICES

The content of this website is intended for informative purposes only and does not constitute a business relationship. In particular, the information provided does not constitute legal or investment advice. Solely the individual prospectuses, which are available in electronic form, are legally authoritative. You should not make a decision about a purchase until you have seen the complete documents and risk statements, and have sought legal, tax and investment advice. The information provided on this website is not tailored or oriented to your personal situation. As a result, the information provided may be completely inappropriate or incorrect for your personal investment decisions. All data is intended solely for your information and does not constitute an offer or solicitation of an offer for the purchase or sale of certain products.

FORWARD-LOOKING STATEMENTS

Please bear in mind that any forward-looking statements are merely forecasts and are subject to unexpected risks and uncertainties. They can therefore in no way be guaranteed. The value of investment products can rise or fall at any time. The future performance of investment products cannot be deduced by the indicated, historical development. As a result, good performance in the past is not a reliable indicator of positive value development in the future. Aquila Capital Investmentgesellschaft mbH can therefore neither ensure nor guarantee the maintenance or increase of the value of the invested capital.

LIMITATION OF LIABILITY AND VALIDITY

Aquila Capital Investmentgesellschaft mbH cannot be made liable in the event of imprecise, incomplete or obsolete data, or in the event of the falsification of data. Furthermore, the information on this website relating to securities and financial services has only been checked with respect to compatibility with German law. In some foreign legal systems, the dissemination of such information may be subject to legal restrictions. Not all products are available in all countries. The following information is therefore not directed at natural persons or legal entities whose place of residence or business is subject to a foreign legal system in which the dissemination or use of such information would violate valid laws or regulations and subject Aquila Capital Investmentgesellschaft mbH to additional registration requirements.

When using this website you may be asked for your country of origin. By choosing a country, you confirm that you are a resident of the corresponding country. The site you access and its content are intended solely for investors in this country.

TRADEMARKS AND COPYRIGHTS

No part of this website is designed in such a way as to grant a license or right to the use of an image, a registered trademark, a logo or software. No rights are transferred by downloading or copying this website or portions thereof. Aquila Capital Investmentgesellschaft mbH reserves all rights (in particular, copyrights and trademarks) with regard to all elements of this website and will make use of all available channels for enforcing these rights.

COMPUTER VIRUSES (VIRUSES, MALWARE, SPYWARE)

Aquila Capital Investmentgesellschaft mbH denies all liability for manipulations to the internet user’s EDP/IT system by unauthorised parties. Aquila Capital Concepts GmbH expressly points out the danger of viruses, so-called malware and spyware, and the possibility of targeted hacking attacks. The use of current browser versions as well as the installation of continuously updated anti-virus software is recommended for combating viruses. E-mails of unknown origin as well as e-mails with unexpected attachments should not be opened on principle.

NOTES FOR INVESTORS RELEVANT TO THE UNITED STATES OF AMERICA AND US PERSONS

The information on this website is not intended for recipients in the United States of America. US persons (as defined in “Regulation S” of the US Securities Act of 1933) and persons who are residents of the United States of America may not use this website. Information on this website may not be forwarded to the United States of America. Securities, including investment fund shares for which information is provided on this website, are not and will not be registered in accordance with the US Securities Act of 1933. Furthermore, trading in these securities is not permitted pursuant to the US Commodities Exchange Act of 1936. The securities, including the investment fund shares, may not be offered or marketed in the United States of America, or offered or marketed to US citizens or persons resident in the United States of America.

The administrators of the investment fund may restrict or forbid the possession of shares by persons who are subject to taxes in the United States of America (all states and the District of Columbia). Natural persons subject to taxes in the United States of America are, for instance, those who were born there or have their place of residence there, naturalised citizens or persons who are married to a citizen of the United States of America. The term “US person” also includes legal entities that have been established according to the laws of one of the 50 US states or the District of Columbia.

EXCLUSIVITY OF THESE LEGAL NOTICES AND TERMS OF USE

These legal notices and terms of use form the sole legal basis for the use of this website and replace, where applicable, all previous contracts, agreements and statements to this extent concerning the use of this website.

PLACE OF JURISDICTION, APPLICABLE LAW AND SERVERABLILITY CLAUSE

These legal notices and terms of use are subject to German law and must be applied according to said law. They approve of the sole responsibility of the German courts at the place of business of Aquila Capital Investmentgesellschaft mbH.

Should any one condition of these legal notices and terms of use become invalid, the validity of the other conditions will remain unaffected.