1.     Information about the Company

Savair AG (the“Company”) is a financial services provider within the meaning of the FinSA,with its registered office at Rössligasse 5, 8001 Zürich, Switzerland.

Contact:contact@savair.com, +41 79 199 39 16, www.savair.com. The Company is mainlyactive in professional asset management and investment advice for privateclients.

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2.     Supervisory status

The Company is authorised as a portfolio manager pursuant to Art. 17 para. 1 FinIA and is subject to the ongoing supervision of a supervisory organization recognized by FINMA, namely OSFINcontrol AG, General-Guisan-Strasse 6, 6300 Zug(www.fincontrol.ch). The licensing authority is the Swiss Financial Market Supervisory Authority FINMA.

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3.     Ombudsman

In accordance withArt. 74 et seq. FinSA, the Company is affiliated with FinanzombudsstelleSchweiz (FINOS), Talstrasse 20, 8001 Zurich (www.finos.ch).

In the event of adispute, clients may initiate mediation proceedings with the ombudsman’soffice. The mediation procedure is generally confidential, independent and freeof charge or available at a low cost for the client.

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4.     Offered financial services

The Company’s business activitiesinclude, in particular, discretionary asset management within the meaning ofArt. 3 lit. c No. 3 FinSA. The asset management is in each case based on acontract concluded in writing with the client, which contains all informationon the characteristics, mode of operation, rights and obligations of theclients as well as on the risks of the financial services provided.

In order to exercise the mandates, the financial institution obtains a limited power of attorney from the clients vis-à-vis the respective custodian banks. Further, the Company renders investment advice to individual clients within the meaning of Art. 3lit. c No. 4 FinSA and may place or offer financial instruments in the sense of Art. 3 lit. a FinSA.

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5.     Client segmentation

The Company classifies its clients in accordance with FinSA as retail clients, professional clients and institutional clients. This classification determines the level of investor protection – retail clients benefit from the highest level of protection. Subject to certain conditions, a change of client segment (opting-in or opting-out) is possible.

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6.     Suitability and appropriateness assessment

For portfoliomanagement and portfolio-related investment advice, the Company conducts asuitability assessment (financial circumstances, investment objectives,knowledge and experience). For transaction-related investment advice, anappropriateness assessment is conducted (knowledge and experience). Noassessment is carried out for execution-only services. For professionalclients, sufficient knowledge and experience are assumed; for authorisedrepresentatives, their knowledge and experience are taken into account. Ifinsufficient information is available, the client is informed before theservice is provided.

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7.     General risks in tradingfinancial instruments and concentration risks

The financial services provided involve financial risks, including the possible loss of the capital invested. Before a contract is concluded, the associated risks are explained to the client. Clients are asked to read carefully the brochure “Risks Involved in Trading Financial Instruments” published by the Swiss Bankers Association (www.swissbanking.ch) and to contact the Company with any questions.

Risks arising from the investment strategy are set out in the respective advisory or portfolio management agreement. Where unusual risk concentrations cannot be excluded, the Company discloses them to the client. Indicators of such concentration risks are, in particular:

·       a concentration of 10% or more in an individual financial instrument (position); and

·       a concentration of 20% or more inan individual issuer.

Concentrationsresulting from collective investment schemes that are themselves subject toregulatory risk-diversification requirements are generally not treated asconcentrations in individual securities.

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8.     Product Information

Where required bylaw, retail clients are provided with the relevant Key Information Document oranother legally required product information document before subscribing to orconcluding a transaction in a financial instrument.

The product documentation is generally prepared by theproduct manufacturer and is made available to the client in accordance with the applicable legal requirements.

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9.     Specific risks – use of clients’ financial instruments

The Company does notuse clients’ financial instruments for its own purposes or for the purposes of thirdparties.

The Company does notenter into securities lending or comparable transactions involving clients’financial instruments.

The granting ofLombard loans by a custodian bank is governed by the separate agreement betweenthe client and the respective custodian bank.

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10.  Cost information

Costs and fees areincurred in connection with the services provided. These are disclosed toclients before the financial services are rendered and are regulated in detailin the contracts.

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11.  Ties to third parties /third-party compensation

Company does not accept any compensation from third parties.

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12.  Market offering considered

Based on an analysisof the financial markets and a provider-independent selection of financialinstruments, a broad range of investment opportunities is available (e.g.equities, bonds, collective investment schemes, structured products). TheCompany only considers third-party financial instruments and does not useproprietary or economically linked products.

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13.  Dormant assets

To avoid dormant assets, changes of address, prolonged absences and authorized representatives must be communicated in good time. The Company and its clients are obliged to stay in contact and to inform each other immediately of any changes to their contact details. Further information is set out in the brochure “Dormant Assets” published by the Swiss Bankers Association (www.swissbanking.ch).

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14.  Conflicts of interest

The Company takes appropriate measures to avoid conflicts of interest between itself or its employees and its clients and to protect clients from disadvantages. Where a conflict of interest cannot be avoided, it is disclosed to the client. If the Company receives or holds a financial benefit in connection with recommending or marketing products or services, this is disclosed to the client before purchase and recorded in the Savair CRM. Further information is available upon request.

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15.  Legal notice

This information is intended solely for clientinformation purposes. Despite careful review, no liability is assumed for itscompleteness, accuracy or timeliness.