Legal Notices, Terms and Customer Information

Detailed information on MiFID (Markets in Financial Instruments Directive):

The main objectives of MiFID are to complete the process of creating a single EU market for investment services, to respond to changes and innovations which have occurred in securities markets and to protect investors by making markets deeper, more competitive and more robust against fraud and abuse.

The regular review of the execution venues takes into account information provided in the execution venues’ Quality of Execution Reports. The following links will take you to the Quality of Execution Reports of the relevant trading venues:

• Stuttgart stock exchange
• Frankfurt stock exchange
• Xetra stock exchange
• Munich stock exchange
• Berlin stock exchange
• Hamburg stock exchange
• Hanover stock exchange
• Duesseldorf stock exchange
• EUREX stock exchange

In order to be able to offer a security to the public in the European Union, the offeror (usually the issuer of this security) is generally obliged under the EU Prospectus Regulation (Regulation (EU) 2017/1129) to publish a securities prospectus that has been approved by the relevant national supervisory authority (in Germany, this is the Federal Financial Supervisory Authority (BaFin)). The securities prospectus contains a detailed description of the security in question and is published on the issuer's website.

Under certain legal conditions, it is possible for the issuer to publish a supplement to the securities prospectus. In such a supplement, the issuer must, in accordance with the statutory requirements, immediately disclose any significant new factor or material mistake/inaccuracy in relation to the information contained in the prospectus which may affect the valuation of the security and which arises or is discovered within a certain period (i.e. between the approval of the prospectus and the expiry of the offer period or - if later - the opening of trading on a regulated market). Each supplement will be published by the relevant issuer on its website.

If you have purchased or subscribed to a security and the relevant securities prospectus is the subject of a supplement, you may have a right of withdrawal in accordance with Article 23 of the EU Prospectus Regulation.

The supplement will (in accordance with the legal requirements) contain information on

• the circumstances under which investors have a right of withdrawal
• who investors can contact if they wish to exercise their right of withdrawal and
• the period within which investors may exercise their right of withdrawal (the statutory period for withdrawal is 3 working days from publication of the supplement; however, the period may also be extended voluntarily by the issuer).

The revocation does not require any justification.

We will inform you promptly of the publication of a supplement (usually by the end of the first working day after publication of the supplement), but only

• if you have purchased or subscribed for the security through us during a certain period (i.e. between the time of approval of the prospectus for the security in question and the end of the initial offering period of the security; the initial offering period refers to the period during which issuers or offerors offer securities to the public in accordance with the prospectus and excludes subsequent periods during which securities are resold on the market),
• to the extent that you may be entitled to a right of withdrawal for the security in question and
• if you have an electronic mailbox with us.

We therefore recommend that you set up an electronic mailbox. Please contact us about this. Otherwise we will not inform you of a supplement. In this case you should monitor the issuer's website yourself and check whether a supplement has been published.

We will be happy to assist you in exercising your right of withdrawal.

Landesbank Baden-Württemberg has obtained the required consents for the use of the prospectuses for all securities offered in compliance with section 3 paragraph 3 of the German Prospectus Act (Wertpapierprospektgesetz - WpPG) in accordance with the consent and the conditions attached thereto.

These reference rates can be used to exchange or convert currencies.

The foreign exchange reference rates are published by LBBW on every bank working day by 13:15 CET.