DISCLAIMER

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DISCLAIMER – IMPORTANT

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The materials are only addressed to and directed to the Offering’s addressees, respectively to (i) certain persons from member states of the European Union (including Romania) where the regulations allow the offering, which are “qualified investor” within the meaning of article 2(1)(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (the “Prospectus Regulation”) and to persons outside the United States under the U.S. Securities Act, respectively to less than 150 persons, other than qualified investors per member state (except Romania), in accordance with article 1(4)(b) of the Prospectus Regulation; and (ii) to any legal or natural person, other than an institutional investor, in Romania.

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