EMORANDUM OR ITS CONTENTS. NOTICE TO RESIDENTS OF ITALY THE OFFERING OF THE UNITS IN THE REPUBLIC OF ITALY (“ITALY”) HAS NOT BEEN AUTHORISED BY THE COMMISSIONE NAZIONALE PER LE SOCIETA E LA BORSA ("CONSOB”) PURSUANT TO THE ITALIAN SECURITIES LEGISLATION AND, ACCORDINGLY: (l) THE UNITS CANNOT BE OFFERED, SOLD OR DELIVERED IN ITALY IN AN INVEST