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Disclaimer US

No investment advisory services for unaffiliated US persons

MEAG MUNICH ERGO AssetManagement GmbH is an asset management company organized under the laws of the Federal Republic of Germany, with its principal place of business in Munich, Germany. It only provides investment advice to affiliated companies (Munich Re Group) and all assets under management are beneficially owned by affiliated companies.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH is an investment company monitored by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)). It renders investment management and consulting services to unaffiliated professional investors, manages special investment funds (“Spezialfonds”) for institutional investors and mutual investment funds (“Publikumsfonds”) for private investors.

MEAG MUNICH ERGO AssetManagement GmbH and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH do not hold themselves out to the public in the United States as an investment adviser and do not intend to provide investment advisory services to the public or to any unaffiliated third party located in the United States in the future. Accordingly, any description on the MEAG website is for general purposes only and does not constitute an offer or a solicitation of an offer to US citizens or other persons in the United States to render investment advisory services or to buy any product.

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