1. General

The terms of this User Terms (hereinafter referred to as "User Terms") apply to this website (www.swedbank.fi) of Swedbank AB (publ), Finnish Branch with its principal place of business located at Mannerheimintie 14 B, 00100 Helsinki, Finland (E-Mail: , Tel: +358 20 746 9100, Fax: +358 20 746 9101) and registered in the Finnish Trade Register maintained by the Finnish Patent & Registration Office with Business ID 1973378-1 (hereinafter “Swedbank”).

The operations of Swedbank are supervised by Finansinspektionen (P.O. Box 7821, Brunnsgatan 3, SE-10397 Stockholm, Sweden; Tel: +46 8 787 8000; Fax: +46 8 241 335).

By accessing the Swedbank web site and or using the information and services provided on or via this website you agree to be bound by this User Terms. In the event of any conflict between the terms and conditions of specific products and services and this 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 Swedbank web site is brought from sources which Swedbank look upon as reliable. Swedbank or third parties make no warranties or representations, express or implied, as to whether information provided on or via this website is accurate, complete or up-to-date. The information on the site may be changed or removed without notice. Swedbank does not represent or warrant that this website and/or the Internet services provided via the web site functions 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 service provider expressly notifies to the contrary.

The Swedbank website does not address to persons who are prohibited under the applicable laws or regulations of their citizenship, domicile or residence from having access to or use such web site. Persons who are prohibited from having access to the information on this 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 such products or services to any person if in the view of Swedbank (without Swedbank having an obligation to verify this) the provision of such services could be in violation of law or regulation in such person's home country jurisdiction or any other related jurisdiction.

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

The information on this web site 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) promotion of any collective investment scheme (within the meaning of the FSMA) to the general public in the United Kingdom.

4. Financial Instruments

Swedbank and its affiliates 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 site are provided on an "as is", "as available" basis. Swedbank or third parties do not make any warranties about the site or its contents. Swedbank shall not be liable for any expenses, losses or damages (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 site even if Swedbank had known about a defect in the site or its contents.

6. Copyright and trademarks

Swedbank or third parties, if expressly specified, retain the ownership, copyright © and all other immaterial rights of the site. All rights are reserved in all countries. The publication, reproduction, transfer or storage of the contents of the site in whole or in part is forbidden unless the holder of title, copyright, title or other immaterial right has granted permission for such an action. The prohibition does not apply to storage on a computer or printing for personal use only. The contents may be quoted according to the applicable copyright legislation. When the contents are quoted the source shall have to be indicated. The trademarks or logos included on the site may, however, not be reproduced, published or distributed without the previous written consent of the holder of the title.

Participants in discussion forums, chat rooms, debates and similar on the Swedbank web site must only submit materials to which they hold the copyright or materials where they have in some way obtained this right. A participant who submits materials is deemed, as and when the materials are submitted, to consent to Swedbank‟s storing, disseminating and publishing the materials, electronically or otherwise.

7. Links

Where Swedbank provides text links to third party websites, such links are not an endorsement by Swedbank of any 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 content, use or availability of such websites. Swedbank has not verified the truth, accuracy, reasonability, reliability or completeness of any content of such websites.

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

Linking to Swedbank at Swedbank.com

All material linked from the Swedbank web site 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

This web site and its User Terms Notice shall be governed by and construed in accordance with the laws of Finland. All disputes arising out of or in connection with these User Terms shall be submitted to the exclusive jurisdiction of the courts of Finland.