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Alceda Fund Management S.A.
36, avenue du X Septembre
L-2550 Luxembourg
Phone.: 00352 / 248 329-1
Fax: 00352 / 248 329-444
Email: info@alceda.lu

Directors:
Michael Sanders
Marc Kriegsmann
Helmut Hohmann

Handelsregister-Nr.: B 123356


Legal Disclaimer

Information contained in these websites is checked and updated by Alceda Fund Management S.A. with due diligence on a regular basis. This notwithstanding, data may become subject to changes during the intervening period and it cannot be warranted that the website is free of errors. Therefore, we do not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided.

Please bear in mind, that any forward-looking statements are merely forecasts and are subject to unexpected risks and uncertainties. Under no circumstances should they be understood as a guarantee. Therefore you should not construe any of the material contained in this website as legal or investment advice. The material solely serves information purposes.

This site may contain information provided by third parties. If personal data are transmitted to us, we will handle and treat them with all reasonable precautions according to the data protection act.

Alceda Fund Management S.A. does not accept any liability arising out of the information contained on any linked website or information on this site provided by a third party. Content and structure of this website are copyright protected. Reproduction of information or data content, in particular the use of text (whether in full or in part), pictures or graphics, requires the prior approval of Alceda Fund Management S.A.

The content of this website serves information purposes only and does notconstitute a business relationship. The Alceda Fund Management SA cannot be held liable in the event of inaccurate, incomplete or outdated data, or inthe event of falsification of information. The information on this website on securities and financial services is examined only with regard to its compatibility with Luxembourg legislation. The dissemination of such information may possibly be subject to legal restrictions in several foreign jurisdictions. The following information is therefore not directed towards natural or legal persons, whose place of residence or business is subject to foreign legal systems that restrict the dissemination of such information.

Accordingly, the information on this website constitutes neither an offer nor a solicitation to buy or sell securities from or to citizens of jurisdictions in which such tender offers or solicitations are not permitted by law, or in which the Alceda Fund Management SA is not entitled to make such tender offers or solicitations or in which said offers or solicitations to residents are illegitimate, and shall not be used for any of these purposes.

Liability for Links

In its judgment issued on May 12, 1998 the Regional Court (Landgericht) of Hamburg decided that if a link is included on a website, the particular website owner may also be liable for the content of the linked page. According to the Regional Court of Hamburg, such liability can be avoided only by expressly dissociating oneself from said content. We are linked to third party information providers and links to forums and guest books: Therefore we hereby expressly dissociate ourselves from any and all content of such pages that can be accessed by links on our website.