1. General

The terms of these user terms (hereinafter referred to as "User Terms") apply to this website, i.e. www.swedbank.lu, (hereinafter referred to as the "Website") of Swedbank S.A., with its principal place of business located at 8-10 avenue de la Gare, L-1610 Luxembourg, Luxembourg, and registered in the Luxembourg Trade and Companies Register under number B11430 (hereinafter “Swedbank”).

Swedbank is a bank authorised to carry out its activities pursuant to article 2 of the Law of 5 April 1993, under the supervision of the Luxembourg Commission de Surveillance du Secteur Financier (www.cssf.lu).

By accessing the Website and or using the information and services provided on or via the Website you agree to be bound by the User Terms. In the event of any conflict between the terms and conditions of specific products and services and the User Terms, the conditions specific to such products and services shall prevail.

2. Restrictions on the use of the Website

The information contained within the Website is brought from sources which Swedbank look upon as reliable. Swedbank or third parties makes no warranties or representations, express or implied, as to whether the information provided on or via the Website is accurate, complete or up-to-date. The information on the Website may be changed or removed without notice. Swedbank does not represent or warrant that the Website and/or the services provided via the Website function without error or interruption.

The information on the Website shall not under any circumstances be considered as an advice or a request to buy or sell a product, service or financial instrument, or a recommendation by any of the service providers unless the Swedbank expressly notifies to the contrary.

The Website does not address to persons who are prohibited under the applicable laws or regulations of their citizenship, domicile or residence from accessing to or using such information. Persons who are prohibited from having access to the information on the Website or who are in doubt whether they are permitted to access or use the information or not, are kindly requested to leave the Website. This applies in particular to residents in Australia, Canada, and Japan. Regarding U.S. and U.K. persons, see also Section 3 below.

Swedbank will not provide any products or services to any person if in the view and sole discretion of Swedbank (without Swedbank having an obligation to verify this) the provision of such products or services would be in violation of applicable law or regulations.

3. Important information for U.S. and U.K. persons

The information on this website is not directed at and is not intended for persons, whatever their citizenship, who currently are in the territory of the United States, nor is it intended for U.S. residents, partnerships or corporations organized or incorporated under U.S. law or other U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended), and shall not be deemed an offer to provide or sell, or the solicitation of an offer to acquire or purchase products or services in the territory of the United States or to such persons, residents, partnerships or corporations. No such persons, residents, partnerships or corporations may acquire or purchase products or services by means of this Website, and no offers to acquire or purchase products or services made by such persons, residents, partnerships or corporations by means of this Website will be acknowledged or accepted.

Nothing on this Website shall be understood to constitute (a) an invitation or inducement to engage in investment activity (within the meaning of the U.K. Financial Services and Markets Act 2000 (the ‘FSMA’)) or (b) a promotion of any collective investment scheme (within the meaning of the FSMA) to the general public in the United Kingdom.

4. Financial Instruments

Swedbank AB (publ) and its subsidiaries may from time to time have positions or holdings in securities or may be providing or seeking to provide corporate finance and debt capital markets services to such companies or issuers that are directly or indirectly referred to in research documents or recommendations accessible on or through this Website.

5. Limitation of liability

The contents of this Website are provided on an "as is", "as available" basis. Swedbank or third parties do not make any warranties about the Website or its contents. Swedbank shall not be liable for any expenses, losses or damages (whether direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including but not limited to financial losses and lost profits) arising in any way from the access to or use of the Website even if Swedbank had known about a defect in the Website or its contents.

6. Copyright and trademarks

Swedbank (or third parties, if expressly specified) retain the ownership, copyright © and all other intellectual property and similar rights on the Website and its contents. All rights are reserved in all countries. The publication, reproduction, transfer or storage of the contents of the Website, in whole or in part, is forbidden unless the holder of the title, copyright, title or other intellectual property and similar rights has granted permission for such an action. This prohibition does not apply to storage on a computer or printing for personal use only. The trademarks or logos included on the Website may not be reproduced, published or distributed without the previous written consent of their owner.

7. Links

Where Swedbank provides text links to third party websites, such links do not constitute an endorsement by Swedbank of any contents, products or services provided on or via such websites. The use of such links is entirely at your own risk and Swedbank accepts no responsibility or liability for the contents, use or availability of such websites. Swedbank has not verified the lawfulness, truth, accuracy, reliability or completeness of any content of such websites.

All links to the Website shall be opened in a separate window. For further information on how to link to the Website, visit the Link to Swedbank web page.

Linking to Swedbank

All material linked from the Website shall be opened in a separate window, and may not be presented in connection with the trademark or logotype of any other website if not otherwise agreed in writing with Swedbank.

8. Applicable law and jurisdiction

The Website and the User Terms shall be governed by and construed in accordance with the laws of the Grand-duchy of Luxembourg. All disputes arising out of or in connection with these User Terms shall be submitted to the exclusive jurisdiction of the courts of the district of Luxembourg-City.

If you have questions or claims, you can contact Swedbank at the following email address info@swedbank.lu or by using the "Contact us" section of the Website.