1. The information contained on our website is taken from what NORD/LB Luxembourg considers reliable sources. It is continuously updated. Nevertheless, we accept no responsibility and give no guarantee as to the accuracy, completeness and timeliness of such information or its use. The same goes for any website to which a hyperlink leads and to any website of another provider connected to our website by a hyperlink. NORD/LB Luxembourg is not responsible for the contents of these websites.
 
2. The opinions and recommendations given are those of the author and do not necessarily express the opinion of NORD/LB Luxembourg or its associated companies. They can change at any time without prior notice.
 
3. The information should not be construed as an offer or recommendation of particular investment products. It does not comprise an offer of sale to investors subject to different legal systems, especially those of the United States of America or United Kingdom. This also applies where individual issuers or securities are mentioned. It is no substitute for investor- and subject-oriented advice geared towards the individual needs of investors. Please contact your customer adviser.
 
4. We will do our utmost to avoid any technical disruptions. Nevertheless, NORD/LB Luxembourg accepts no responsibility for any irregularities, such as temporary inaccessibility, delays, interruptions, errors or harmful programs.

5. In the processing of personal data, the protection of your privacy is of utmost importance to us and, in our operating processes, we take care to respect privacy at all times. Only personal data you have specifically disclosed to us will be recorded. We treat personal data in strict confidence and will use it only in providing services on your behalf and in accordance with legal requirements in Luxembourg on data protection and banking secrecy.

6. Personal data included in money transfers is processed by the Bank and other specialised companies, such as SWIFT (Society for Worldwide Interbank Financial Telecommunication). Such processing may be operated through centers located in other European countries and in the US, according to their local legislation. As a result, the US authorities can request access to personal data held in such operating centers for the purposes of fighting terrorism. Any client, instructing his bank to execute a payment order or any other operation, is giving implicit consent that all data elements necessary for the correct completion of the transaction may be processed outside of Luxembourg.

7. Please refrain from conveying legally binding notices (e.g. credit transfer orders, securities orders or other message which may be of importance to our business relationship) by e-mail. You should make such instructions uniquely by telephone, fax or in writing, as the confidential nature of data sent by e-mail cannot be guaranteed and we are not currently able to ascertain unequivocally the authenticity and origin of information transmitted in this manner.

8. The information contained on our website, as well as access to it and its use, are governed by Luxembourg law. Access by persons residing outside Luxembourg, or whose usual place of residence is outside this country, is at their own risk.

9. The structure and contents of our website are copyright-protected. The information contained therein may not be in any way amended, duplicated or transferred to third parties without the prior written consent of NORD/LB Luxembourg.
 
Norddeutsche Landesbank Luxembourg S.A., Luxembourg.
All rights reserved.
2010.

NORD/LB Luxembourg lays down clear rules for its staff as to what constitutes correct and professional behaviour, e.g. in cases of conflicts of interest, in the fight against such forms of economic criminality as corruption, fraud and money laundering, and in matters relating to confiden¬tiality and data protection, proper dealings with customers, the protection and proper utilisation of the Bank’s resources, and guarding against discrimination.

In order to supplement the legal and regulatory framework that governs its business activities, NORD/LB Luxembourg has introduced a “whistleblower” system that can be used by both staff and customers. This includes the appointment of a person to exercise the function of an external ombudsman, to whom people can turn in confidence if they have any suspicion of criminal activity or of irregularities in business transactions.

• will receive in confidence any reports that point to criminal activity or serious irregularities
• will give advice to the whistleblower
• will inform NORD/LB Luxembourg about the suspicious circumstances, provided that the whistleblower releases him from the obligation to secrecy to which he is subject as a solicitor
Notes:
• The ombudsman is not someone to whom general complaints should be addressed and is not an “agony aunt”. He is to be contacted only if there are reasons to suspect criminal activity (such as fraud) or gross irregularities.
• Fundamentally, the identity of the whistleblower will not be revealed.
• If you contact the ombudsman, you will not incur any costs.

The function of ombudsman for NORD/LB Luxembourg is to be performed by Dr Rainer Buchert of Frankfurt am Main. He is a solicitor, and so is under an obligation to secrecy and enjoys the right to refuse to give evidence. Even if criminal proceedings should result, he is not obliged to name the source of the information. Dr Buchert has already been acting as ombudsman for other major German companies for many years. Further information can be found on the internet at www.dr-buchert.de.

Obligation to disclosure according to the circular letter 10/496 of the Commission Surveillance du Sector Financier (CSSF) and § 7 of the "Instituts-Vergütungverordnung" (institution salary regulation).

Transparency and a sound payroll schema are a matter of course to the NORD/LB Luxembourg S.A.. In the following you will find the obligation to disclosure of the compensation scheme according to the regulations for prudential requirements to institutional compensation schemes. (Obligation to disclosure according to the circular letter 10/496 of the CSSF and § 7 of the "Instituts-Vergütungsverordnung".)