All reports from the financial news agency dpa-AFX are prepared with journalistic diligence.

The six-eyes principle (creation, review, and additional approval) is regularly applied when preparing reports. Every dpa-AFX editor signs an internal Code of Conduct, which sets out specific dpa-AFX regulations for maintaining journalistic independence. dpa-AFX can individually verify compliance with these regulations through an external audit.

Reports on investment recommendations/financial analyses from third parties merely summarize or reproduce these in excerpts. However, these reports do not constitute investment advice or an investment recommendation, nor do they constitute an offer or solicitation to enter into specific financial transactions.

Furthermore, they do not replace individual investor- and investment-appropriate advice. Therefore, any liability for damages of any kind (especially financial losses) that may arise from using the reports for one's own investment decisions is excluded. dpa-AFX has no influence on the content of the financial analysis/investment recommendations themselves; the company responsible for their preparation is solely responsible for this.

Information on any existing interests or conflicts of interest with regard to the financial instruments to which dpa-AFX reports refer is disclosed on the following website: http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html