DISCLAIMER

The information contained in the following section of this website is not intended for distribution, directly or indirectly, in the United States of America, Canada, Japan, Australia or any other Country where the offer of financial instruments is not permitted without the authorizations of the competent Authorities or applicable law exemptions or regulations (the "Other Countries") and does not constitute, or form part of, an offer of financial instruments in the United States of America, Canada, Japan, Australia or Other Countries.

The financial instruments mentioned in the next section of the website are not and will not be registered in the United States of America under the United Securities Act dated 1933 and following amendments, or according to the regulation in force in Canada, Japan, Australia or the Other Countries and therefore they can not be offered or, in any case, delivered, directly or indirectly, in the United States of America, Canada, Japan, Australia or Other Countries in absence of specific authorizations, in accordance with the applicable provisions of law and of regulation or in derogation of the same provisions.

Any offer of financial instruments is neither currently promoted nor will be promoted in the United States of America, Canada, Japan, Australia or Other Countries, nor to residents therein.

In order to enter in the following section of the site it is necessary to carefully read what is written below and to confirm the proposed options.

I declare

• to be in Italy and not being, nor acting on behalf or in favour of, a "United States Person" (as defined in Regulation S of the United Securities Act dated 1933, and following amendments), a U.S., Canadian, Australian, Japanese citizen or of anyone of the Other Countries or a person residing in the United States of America, Canada, Australia, Japan or anyone of the Other Countries;
• not to be physically present in the United States of America, Canada, Australia, Japan and/or anyone of the Other Countries and, therefore, not to accept the Offer from anyone of these States;
• to have fully read and understood and to accept and respect the restrictions above stated and to undertake not to transmit, by any means even indirectly through third parties, in the United States of America, Canada, Australia, Japan and/or any of the Other Countries any documentation relating to the Offer.