Terms and Conditions of Use:
These websites relate to Retail Derivative Products offered by Sal. Oppenheim jr. & Cie. AG & Co. KGaA, Cologne, Germany ("Sal. Oppenheim").

Authorised Users
The content of these websites is only intended for individuals who are permanently resident in one of the countries in which Sal. Oppenheim securities may be offered or sold ("Authorised Countries") by virtue of the legal and administrative provisions there and who are otherwise authorised to view the websites (the "Authorised Users"). The information these websites contain may not be used or published in any other country or by any other individual. Individuals who are not permanently resident in one of the Authorised Countries including, without limitation, individuals who are permanently resident in the United Kingdom or the United States of America and who are also nationals of those countries, may not access the information on these websites. This disqualification of individuals also extends to what are referred to as "US persons" under Regulation S of the United States Securities Act 1933 as amended. Any individual who is not an Authorised User or who has failed to ascertain its eligibility to use these websites is requested to log out of these websites.

No Offer, No Request to Buy
The sole purpose of the websites shall be to provide Authorised Users with information. The websites shall not constitute a request or an offer to buy or sell Sal. Oppenheim securities.

No Advice
The websites shall not constitute any contractual relationship with Sal. Oppenheim. The information given on the websites shall not constitute investment advice in any sense. Such information should not be used as a substitute for seeking the necessary financial, tax and legal advice from a bank or other advisor in each individual case prior to making a decision to purchase.

Risks
There are certain financial risks associated with the purchase of securities. The unfavourable development of the base value underlying a particular product can lead to a total loss of the capital invested. Any Authorised User considering purchasing this kind of security should therefore pay careful attention to the information regarding potential risks which is contained in the relevant offering prospectuses, listing prospectuses, respectively, and other documentation. The offering prospectuses and listing prospectuses, respectively, may be downloaded from these websites.

Liability
Sal. Oppenheim shall not be subject to any obligations arising from the websites. Sal. Oppenheim shall endeavour to provide timely and reliable information to the Authorised Users. Sal. Oppenheim cannot, however, provide any guarantee or accept any liability for the quality, accuracy or completeness of the data and other information on these websites, or that such data is up-to-date. If an Authorised User wishes to buy or sell the products, Sal. Oppenheim shall not provide any guarantee for the implementation of the transaction. To the extent that Sal. Oppenheim provides links to other websites, it shall not include the content of these websites as an integral part of its own websites and accepts no liability for the content of these other websites.

Rights to Content and Layout
The content and layout of the websites, including the software forming the basis thereof, are copyrighted and otherwise protected. The reproduction, transmission, modification, linking or use of the websites (in whole or in part) for public or commercial purposes shall not be permitted without prior written consent from Sal. Oppenheim.

Applicable Law
These terms and conditions of use shall be subject to German law subject to the exclusion of International Private Law.