Disclaimer: Important legal information 

When you access web pages of Kaba Holding AG (“Kaba”), some general information is automatically recorded. This information includes the type of web browser and operating system you are using, the domain name of your Internet Service Provider and similar. None of the information concerned can be used to draw any conclusions about your personal details. The same data is generated when you access any other website on the internet, so Kaba's web pages are not doing anything out of the ordinary in this regard. Information of this type is only ever recorded on an anonymized basis and used by us for statistical purposes. 

Persons who access the material made available at the company's website on the worldwide web ("Kaba Website") agree to the following: 

Use of the Kaba Website
The entire content of this Kaba Website is subject to copyright with all rights reserved. You may download or print out a hard copy of individual pages and/or sections of the Kaba Website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the Kaba Website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the Kaba Website without the prior written permission of Kaba. 

No Offer
Nothing on the Kaba Website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction. 

No Reliance
While Kaba uses reasonable efforts to obtain information from sources which it believes to be reliable, Kaba makes no representation that the information or opinions contained on the Kaba Website is accurate, reliable or complete. The information and opinions contained in the Kaba Website are provided by Kaba for personal use and informational purposes only and are subject to change without notice. Nothing contained on the Kaba Website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. 

No Warranty
The information and opinions contained on the Kaba Website is provided without any warranty of any kind, either express or implied. 

Limitations of Liability
In no event, including (without limitation) negligence, will Kaba 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 the Kaba Website. 

Linked Websites
When you access certain links on the Kaba Website you may leave the Kaba Website. Kaba has not reviewed any of the websites linked to the Kaba Website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through such websites. 

Material Interests
The Kaba Group and/or its directors, officers and employees may have or have had interests or positions or traded or acted as market makers in relevant securities. Furthermore, such entities or persons may have or have had a relationship with or may provide or have provided corporate finance or other services to or serve or have served as directors of relevant companies. 

Investment Performance
The past is not necessarily a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down. 

Local Legal Restrictions
The Kaba Website is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Kaba Website is prohibited. Persons in respect of whom such prohibitions apply must not access the Kaba Website.