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The Materials available herein have no regard to the particular needs of any specific recipient. All information is indicative only and nothing herein is to be construed as a solicitation or an offer to buy or sell any financial products. The Materials are based on information obtained from sources believed to be reliable but are not guaranteed as being accurate, nor are they a complete statement of the securities, markets or developments referred to herein. Any opinions are subject to change without notice and UBS is not under any obligation to update or keep current the information contained herein.

UBS accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of these Materials. Certain laws and regulations impose liabilities which cannot be disclaimed. This disclaimer shall in no way constitute a waiver or limitation of any rights a person may have under such laws and/or regulations.

UBS and/or its directors, officers and employees may have or have had interests or long or short positions in, and may at any time make purchases and/or sales as principal or agent, or may act or have acted as market-maker in financial products discussed herein. Furthermore, UBS may have or have had a relationship with or may provide or have provided corporate finance, capital markets and/or other services to the relevant companies. Employees of UBS may serve or have served as officers or directors of the relevant companies.

Options, derivative products and futures are not suitable for all investors, and trading in these products is considered risky. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any products mentioned in the Materials.

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The contents of these webpages, including posted documents, ("Materials") is subject to the following disclaimer. These Materials are issued by UBS Limited, a subsidiary of UBS AG, regulated in the UK by the Securities and Futures Authority. Persons dealing with UBS Limited or other members of UBS outside the UK are not covered by the rules and regulations made for the protection of the investors in the UK. The products described herein are only intended for residents of Sweden. Residents of Sweden wishing to effect transactions should contact their usual broker, not UBS.

UBS accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of these Materials. Certain laws and regulations impose liabilities that cannot be disclaimed. This disclaimer shall in no way constitute a waiver or limitation of any rights a person may have under such laws and/or regulations.