Disclaimer

The use of the Internet pages of Commerz Real AG, including the interlinked pages of its member companies or its equity investment companies is subject to the following provisions:

1. Intended Audience

The information in these Internet pages is exclusively intended for use by persons registered and residing in the Federal Republic of Germany. Commerz Real AG offers no warranty that said information is suitable for usage by, or in fact applicable to, persons registered and residing in countries other than Germany, or that it complies with the laws of those countries.

2. No Consultancy or Contractual Offer

The use of these Internet pages does not constitute a consultancy or information contract between the user and Commerz Real AG. The information provided herein, including the results of model calculations made available (e.g. the yield calculator) represents neither a personal consultancy nor an offer toward the negotiation of any contract, and cannot substitute for a consulting interview that would take the specific needs of the individual into account. A decision to invest can only be made on the basis of information provided in the most recent Sales Prospectus, and should be made after an in-depth consultancy by your financial adviser and your tax consultant.

3. Limitation of Liability

a. Liability for Contents
Notwithstanding the diligence used in compiling the retrievable information, Commerz Real AG offers no warranty regarding the completeness, accuracy, currency, and availability of that information. Wherever contents are made available by third parties, Commerz Real AG may or may not endorse the views represented therein. Assessments and evaluations reflect the opinion of the respective author, and may have been revised since the time of their compilation. The facts and circumstances represented in the context of the product information serve exclusively the purposes of elaboration, and permit no predictions in regard to future developments. Commerz Real AG assumes no liability for measures undertaken on the basis of the provided information herein. Commerz Real AG reserves the right to amend, supplement, or delete the provided information without prior notice.

b. Liability for Hyperlinks
Wherever these Internet pages use so-called hyperlinks to refer directly or indirectly to the Internet pages of third parties, Commerz Real Autoleasing assumes no liability for the contents of those third-party pages. At the time the link was embedded, the linked pages showed no signs of unlawful contents. Commerz Real AG has no influence on the present or future contents of the linked pages, and hereby expressly distances itself from any content revised after the time at which the link was embedded. Unless expressly stated otherwise in the link context, the embedment of a link in itself is not to suggest that Commerz Real AG adopts the opinions or alleged facts published therein. In particular, Commerz Real AG assumes no responsibility for the contents of Internet pages that use links to refer inversely to the pages of Commerz Real AG.

c. Extent of the Exclusion of Liability (Disclaimer)
Any liability on the part of Commerz Real AG for material or immaterial damages arising directly or indirectly from the use of these Internet pages is ruled out. The exclusion of liability does not apply to premeditated or gravely negligent breaches of duty, nor to cases of personal, bodily, or health injuries that result from premeditated or negligent breaches of duty on the part of Commerz Real AG. The fault of any person performing obligations for which Commerz Real AG is vicariously liable is tantamount to a direct fault of Commerz Real AG.

4. Copyright and Trademarks

Contents and structure of these Internet pages are protected by copyright legislation and possibly by other property rights. Any reproduction, distribution, modification, or use of specimen contracts, graphics, image material, audio or video sequences, particularly in other electronic or printed publications, and including excerpts, is prohibited without the written prior consent of Commerz Real AG. Downloads and copies of the provided information are permitted solely for personal, non-commercial use. Some contents of these Internet pages are subject to third-party copyrights.

5. Severability, Applicable Law

This disclaimer is to be considered an integral part of the Internet presentation from which reference was made to the same. The disclaimer covers any liability that the member companies and equity investment companies of Commerz Real AG may be subject to in the context of these Internet pages. Whenever any part or specific phrasing of this text is not, or no longer or not wholly, compatible with applicable laws, the remaining parts of the disclaimer shall continue in full force and effect.

Any legal disputes that may arise in connection with this Internet presentation are exclusively subject to the laws of the Federal Republic of Germany.