Please read these terms carefully. All users of the Jyske Bank A/S website – www.en.jyskebank.tv – accept and agree to be bound by the legal terms set out in the following. If you do not accept these terms, please do not use the website and its broadcasts.

Please note that www.en.jyskebank.tv ("this site") is designed for and maintained by Jyske Bank A/S, company no 17616617 – Vestergade 8-16, DK-8600 Silkeborg, Denmark. Jyske Bank A/S is under the supervision of Finanstilsynet (the Danish Financial Supervisory Authority).

It is important that you are aware that the information included on this site is not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell financial instruments and the content of this website does not constitute any form of investment advice or personal recommendation. Any products or services referred to on this website are not available to persons in any jurisdiction in which the offer, solicitation or provision of such products or services would be unlawful. Please refer to the section below dealing with "Local Law" for further important information concerning the availability of Jyske Bank A/S services and products in selected jurisdictions.

External experts

Jyske Bank A/S may use the statements and views of external experts. Such statements and views do not necessarily express Jyske Bank's own views and recommendations.

Copyright

Print and Download, but Request Permission Where Appropriate

The entire contents of www.en.jyskebank.tv are subject to copyright with all rights reserved. Any downloading or otherwise copying from this site will not transfer the title of any software or material. All our visitors and clients are welcome to download or send a copy of the broadcasts from this site, provided that no copyright or other proprietary notices are removed.

Special Software

Links to downloadable software are for convenience only, and Jyske Bank A/S is not responsible for difficulties or consequences associated with the downloading process.

Warranty and Liability

All information contained on this site is provided without any warranty of any kind, either expressed or implied.

In no event, including (without limitation) negligence, will Jyske Bank A/S be liable for any loss or damage of any kind, including (without limitation) any direct, special indirect or consequential damages, even if expressly advised of the possibility of such damages, arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from www.en.jyskebank.tv.

Links

Please note that this website contains links to third party websites. Please also note that when you are using these links you are leaving this site and that Jyske Bank A/S is not responsible for any information contained in these third party websites.

Local law

Products and services described on this website may not always be available to all investors; for instance these products and services cannot always be made available to residents outside the European Union and are not available to residents of the United States of America. Persons who are resident in a jurisdiction outside the European Union should verify (and if appropriate, take professional advice on) whether there are any legal, regulatory or governmental formalities, approvals or consents required for them to access the information contained on this website or to invest in or use the products and services referred to. The products and services referred to are not available in any jurisdiction where their offering or provision would be unlawful.

Below please find information listed for selected countries – please note that the list is not exhaustive.

Australia

Jyske Bank A/S is not regulated by the Australian Prudential Regulation Authority or the Australian Securities and Investments Commission in Australia. The information contained on this website does not constitute the provision of financial product advice for the purpose of the Corporations Act 2000.

Persons and companies that are Danish tax residents

Products and services referred to at this website are not aimed at, and may not be offered to, persons or companies that are Danish tax residents. Such persons and companies are instead invited to use the products and services offered by Jyske Bank A/S to Danish residents at www.jyskebank.dk

United Kingdom Residents or Citizens

The products and services referred to in this website are available only through Jyske Bank A/S and Jyske Bank (Gibraltar) Limited.

Please note that applications for investment and banking products from Jyske Bank (Schweiz) AG will not be accepted from persons in the UK when sourced from this website or other media in the UK.

US Persons

The information contained in this website is for informational purposes only, is being provided free of charge and does not constitute an offer or solicitation by Jyske Bank A/S to persons in the United States. Jyske Bank A/S is not acting as a securities broker or dealer or as an investment adviser and is not registered in such capacities in the United States. The products and services referred to in this website are not aimed at, and may not be offered to US Persons. If you are a US Person and you have a question about the information contained in this website you are invited to use the products and services offered by Jyske Global Asset Management, which is an affiliate of Jyske Bank A/S.

For more information please refer to Jyske Global Asset Management's website: www.jgam.com.

Investment information

The information contained on this website is likely to be modified without prior notice. Any general recommendations made on this website may also be changed without notice. Jyske Bank A/S has taken reasonable steps to ensure that the information contained on this website is accurate. However, the accuracy of the information and data supplied is not guaranteed and should not be relied on for the purpose of making any investment decision. Before making any investment decision based on the information discussed in this website, you should contact your financial adviser.

Detailed information on individual research reports is www.jyskemarkets.com

Past Performance and Fluctuations

The price of and return on bonds and equities may fall as well as rise. Past performance is not necessarily a guide to the future, and investors may not get back the full amount invested. Bond and share prices in emerging markets can be extremely volatile. Where an investment is denominated in a currency other than the investor's base currency, the investor must be warned that the changes in rates of exchange may have an adverse effect on the value, price or income of investment.

Your Case Is Unique, Every Time

The content of this website is intended for general information purposes only and is not intended to address your particular circumstances or requirements. . We are not responsible for any investments made by you based on the information contained on this website and recommend that you obtain professional, individual advice prior to taking any decision to invest.

Products illustrated in this site may not be suitable for you, and if you have any doubts, you must obtain further advice from your investment adviser, fully explaining your requirements.

Risk

Investment in securities is associated with risk. Movements in the credit market, the sector and/or news flows, etc. may affect the price.

Conflicts of interest

Jyske Bank has prepared procedures to prevent and preclude conflicts of interest thus ensuring that research reports are being prepared in an objective manner. These procedures have been incorporated in the business procedures covering the research activities of Jyske Markets, a business unit of Jyske Bank.

Analysts at Jyske Bank cannot own securities or trade in companies and papers for which they prepare analyses. Jyske Bank may, however, hold positions, have interests in or business relations with the companies that are analysed. The research report may have been presented to the company prior to its release. Analysts receive no payment from persons interested in individual research reports.

Read more about Jyske Bank's policy on conflicts of interest at:
www.jyskebank.dk/jyskebankinfo

Duty to inform the tax authorities

Jyske Bank A/S does not provide any tax advice. Certain limited information of a general nature relating to tax matters may be provided from time to time. If you require specific information or advice on your tax affairs, we recommend that you contact your accountant or tax adviser. You should not rely on the information relating to taxation matters provided on this website. The information provided by us does not relieve you of your duty to report to the relevant authorities in the country where you are a tax resident. You are responsible for reporting any taxable income to the relevant tax authorities.