Disclaimer of SOPHOS Trust reg., Städtle 27, PO Box 74,
9490 Vaduz, Liechtenstein (hereinafter referred to as «SOPHOS»)

Important legal information. Please read this information before proceeding. Products and services in our webpages are not available for certain persons. Persons who access the material available by the SOPHOS at its website on the worldwide web (SOPHOS-websites) agree to the following:

1. No Offer
Nothing on the SOPHOS-website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

Access the SOPHOS-website is not intended for persons in any jurisdiction where the material published in the SOPHOS-website or access to that website is unlawful. Persons to whom these restrictions apply are not allowed to the SOPHOS-website. Restrictions apply specifically to citizens or the United States of America (USA) and the United Kingdom (UK) and to persons domiciled in the USA or UK.

2. No Basis for Decision-Making
The information on the SOPHOS-website should not be construed as investment advice or any other kind of decision-making aid or advice on legal, taxation or other issues. We wish to point out that past performance is not necessarily indicative of future performance. You should not use this website as a basis for making decisions related to investment or any other subject matter. Please contact your advisor before making any decisions.

3. No Warranty
While SOPHOS uses reasonable efforts to obtain information from sources which it believes to be reliable, SOPHOS makes no representation that the information or opinions contained on the SOPHOS-webpage is accurate, reliable or complete. The information and opinions contained in the SOPHOS-webpage are provided by SOPHOS for personal use and informational purposes only and are subject to change without notice.

The information and opinions contained on the SOPHOS-webpage is provided without any warranty of any kind, either express or implied.

4. Copyrights
The entire content of this SOPHOS-website is subject to copyright with all rights reserved. You may download or print out a hard copy of individual pages and /or sections of the SOPHOS-webpage, provided that you do not remove any copyright or other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the SOPHOS-website without the prior written permission of SOPHOS.

5. E-Mail Communication
At the present time, e-mail communication with SOPHOS occurs in unencrypted form over open lines. It cannot be excluded, therefore, that third parties may be able to view transmitted data and trace contacts with our institution.

Confidentiality with e-mail communication is not, therefore, always adequately ensured. For this reason, we request you not to transmit client data and orders for business transactions via this communications method.

SOPHOS will not execute client orders sent per e-mail.
6. Linked Websites
When you access certain links on the SOPHOS-website you may leave the SOPHOS-website. SOPHOS has not reviewed any of the websites linked to the SOPHOS-website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through such websites.

7. No Liability
In no event (including negligence) will SOPHOS be liable for any loss or damage or any kind (both direct and particularly indirect and subsequent damages) arising out of, or in connection with the access of, use of, performance of SOPHOS-webpages or the linking to other sites from the SOPHOS-webpage.

8. Data Protection
This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google).

Google Analytics uses "Cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above: http://tools.google.com/dlpage/gaoptout?hl=en.

Vaduz, December 2017