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AUTHORITY / PRIVATE INVESTMENT VALARO INTERNACIONAL GROUP

   Web  “www.internacionalasets-invesment.com"     

 (DISCLAIMER)

All rights to this announcement and its content are owned by Valarogroup Holdings Global Markets & Europe. Any duplication or transfer is only permitted by law or by our prior written consent. Although the information contained in this website has been compiled carefully and is derived from sources which we believe to be reliable, we can not guarantee the correctness and completeness of the information. Neither Valaro nor other subsidiaries of the Valarogroup Holding. shall be liable for any direct or consequential damages resulting from the use of this advertisement or the information contained therein. The Valarogroup Holding. and its subsidiaries do not assume any responsibility or liability whatsoever with respect to advertisements, offers or other information on this website which originate from third parties and do not make any recommendation or any other opinion regarding such information from third parties. The publication of this advertising, the offering, the sale and the distribution of the products as well as the advertising of the products is prohibited in the European Union and all other states, which are subject to corresponding restrictions.

1.

Limitation of liability The contents of this website are created with the greatest possible care. However, the provider assumes no liability for the correctness, completeness and actuality of the content provided. The use of the contents of the website is at the user's own risk. Contributions identified by name give the opinion of the author and not always the opinion of the provider. With the pure use of the website of the offerer no contractual relationship between the user and the offerer comes about.

2.

External linksThis website contains links to websites of third parties ("external links"). These websites are the responsibility of the respective operators. When the external links were linked for the first time, the provider checked the contents of third parties to ascertain whether there were any legal violations. At that time no legal violations were apparent. The provider has no influence on the current and future design and content of the linked pages. The setting of external links does not mean that the provider owns the content behind the link or link. A constant control of the external links is unreasonable for the offerer without concrete indications of legal violations. In case of knowledge of legal violations, however, such external links are immediately deleted.

3.

Copyright and performance rights The content published on this website is subject to German copyright and performance protection laws. Any use not permitted by the German Copyright and Performance Protection Law requires the prior written consent of the provider or respective copyright owner. This applies particularly to the reproduction, processing, translation, storage, processing or reproduction of content in databases or other electronic media and systems. Contents and rights of third parties are marked as such. The unauthorized duplication or dissemination of individual contents or complete pages is not permitted and punishable. Only the production of copies and downloads for personal, private and non-commercial use is permitted. The presentation of this website in foreign frames is only permitted with written permission.

4.

Privacy By visiting the website, information about the access (date, time, viewed page) can be stored. These data are not part of the personal data but are anonymous. They are evaluated for statistical purposes only. The provider expressly points out that the data transmission on the Internet (eg when communicating via e-mail) has security gaps and can not be completely protected against access by third parties .The use of the contact data of the imprint for commercial advertising is expressly not desired, unless the provider had previously given his written consent or already exists a business relationship. The provider and all persons mentioned on this website hereby object to any commercial use or disclosure of their data.5. Special Conditions of UseThere are special conditions for individual uses of this website from the above

5.

Numbers 1 to 4 deviate, is pointed out expressly at the appropriate place. In this case, the special conditions of use apply in the particular case.