Distribution of the basic prospectus and the offer or sale of bearer debentures in other countries and to foreign nationals may be restricted by applicable laws, statutes, regulations and other legal provisions in force within the jurisdiction concerned. People in possession of this basic prospectus or a copy hereof are obliged to familiarize themselves of any such restrictions and to comply with same.

Failure to comply with these restrictions may constitute violation of applicable financial securities law. Sales restrictions exist, for example, in the United Kingdom, Japan, Canada, the United States of America and in respect of all U.S. citizens.

In particular, the debentures (corporate bonds) have not been nor will be registered in accordance with the United States Securities Act of 1933. They must not be either directly or indirectly sold or offered to, or acquired for the account of, citizens of the United States of America at any time within the United States of America. The issuer does not and will not recognize any offer, sale, resale, trading or supply, whether direct or indirect, made within the United States of America to or for the account of or for the benefit of U.S. persons. Any transaction contravening this restriction may constitute a violation of the law of the United States of America. The issuer is not responsible for such action.

This basic prospectus or a copy hereof must not be sent or taken to, or distributed in, the United States of America, to Canada or to Japan or to their respective territories or possessions, nor may it be distributed to a U.S. person pursuant to the provisions of the U.S. Securities Act of 1933 or to persons domiciled in Canada or Japan.

This prospectus and/or the respective Final Terms may not be used by any person for the purpose of making an offer or solicitation in (a) a country in which the offer or solicitation is not approved and / or (b) to or toward a person to whom the making of such an offer or such a solicitation is an illegal act.

Neither the prospectus nor the respective Final Terms represent in themselves alone an offer or a solicitation to subscribe or to purchase debentures (corporate bonds) and should not be interpreted as a recommendation by the issuer to subscribe to or to purchase debentures (corporate bonds).