nstruments Directive (2004/39/EC); (ii) a regulated financial intermediary, or a non-regulated "qualified investor", under the Swiss Federal Act on Collective Investment Schemes (CISA); or (iii) the nearest equivalent to a "professional investor", a regulated financial intermediary and/or a non-regulated "qualified investor

al Market Supervisory Authority ("FINMA"), and the offer of depositary shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes ("CISA"). The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers o

iss Financial Market Supervisory Authority FINMA, and the offer of securities has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes ("CISA"). The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of

inancial Market Supervisory Authority FINMA (FINMA). and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes (CISA"). The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of

Financial Market Supervisory Authority FINMA (FINMA), and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes ("CISA"). The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of

Financial Market Supervisory Authority FINMA (FINMA), and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes (CISA). The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of s

e Swiss Financial Market Supervisory Authority FINMA, and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes, or the CISA. The investor protection afforded to acquirers of interests in collective Investment schemes under the CISA does not extend to acquirer