Terms Of Use / Disclaimer

By accessing this website ("Magnoliss Bank, US Website") you agree to be legally bound by these terms of use / disclaimer ("Terms of Use"). Please also consult the applicable additional legal information for your relevant country.

If you do not agree to these Terms of Use, do not proceed to

further web pages of the UBS Website.

These Terms of Use as well as the information and materials

contained in the Magnoliss Bank, US Website are subject to change from time to

time without notice.

Access

Subject to Local Restrictions

The Magnoliss Bank, US Website and all information and functionality

contained within it are not directed at or intended for use by any person

resident or located in any jurisdiction where (1) the distribution of such

information or functionality is contrary to the laws of such jurisdiction or

(2) such distribution is prohibited without obtaining the necessary licenses or

authorisations by the relevant branch, subsidiary or affiliate office of Magnoliss

Bank, US and such licenses or authorisations have not been obtained.

Services

and Products

Products and services displayed on the Magnoliss Bank, US Website

may not be eligible for sale or available to residents of certain countries or

certain categories of investors. Please consult the applicable terms and

conditions such as sales restrictions or key specific notes for further

information.

Any materials available on the Magnoliss Bank, US Website have no

regard to the specific investment objectives, financial situation or particular

needs of any specific recipient. Any report available on the Magnoliss Bank, US

Website is published for information purposes and is not to be construed as a

solicitation or an offer to buy or sell any securities or related financial

instruments. Unless specifically stated otherwise, all price information is

indicative only. No representation or warranty, either express or implied, is

provided in relation to the accuracy, completeness or reliability of the

materials, nor are they a complete statement of the securities, markets or

developments referred to herein. The materials should not be regarded by

recipients as a substitute for the exercise of their own judgement. Any

opinions are subject to change without notice and may differ or be contrary to

opinions expressed by other business areas or groups of Magnoliss Bank, US as a

result of using different assumptions and criteria. Magnoliss Bank, US is not

under any obligation to update or keep current the information contained

herein.

No

Offer

The information contained in the Magnoliss Bank, US Website is

just for informational purposes. No information published on the Magnoliss

Bank, US Website constitutes a solicitation, an offer, or a recommendation to

buy or sell any investment instruments, to effect any transactions, or to

conclude any legal act of any kind whatsoever.

Magnoliss Bank, US does not intend to provide investment, legal or

tax advice through the Magnoliss Bank, US Website and does not represent that

any securities or services discussed are suitable for any investor.

When making a decision about your investments, you should seek the

advice of a professional financial advisor.

Forward

Looking Statements

The Magnoliss Bank, US Website may contain statements that

constitute "forward looking statements". While these forward looking

statements may represent Magnoliss Bank, US