Email disclosures

Applicable to emails received from GAM Limited, GAM Hong Kong Limited, GAM Japan Limited, GAM USA Inc., GAM Investment Management (Switzerland) AG and GAM Holding AG.

The message you have received contains confidential information and is intended only for the individual or entity named. If you are not the named addressee you should not disseminate, distribute or copy the email.

E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. This message is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any securities or related financial instruments.

GAM operates in many jurisdictions and is regulated or licensed in those jurisdictions as required.