Salus Alpha direct

Salus Alpha products may only be publicly offered or sold in countries in which such public offering or sale is admissible. If no declaration is made to the local regulatory authorities by the investment company or by a third party commissioned by it, or no licence has been obtained from the local regulatory authorities and if no such declaration or licence is available, then this does not constitute an offer to purchase investment products.

The products have not been and will not be registered according to the 1993 United States Securities Act as amended (hereinafter the “1933 Act”) or according to the securities laws of a federal state or local authority of the United States of America or its territories, possessions or other areas, which are bound by its legal sovereignty, including the Commonwealth of Puerto Rico (hereinafter the “United States”).

The products may not be publicly offered, sold or otherwise transferred in the United States. The products have not been and will not be registered either according to the 1940 United States Investment Company Act as amended, or according to other US Federal laws. Accordingly, the products will not be publicly offered or sold either in the United States or to or for the account of US persons (within the meaning of the definitions for the purposes of the US Federal laws governing securities, commodities and taxes, including Regulation S of the 1933 United States Securities Act) (hereinafter “US persons”). Subsequent transfers of shares within the United States or to US persons are not admissible.

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