Investment and insurance products are available exclusively to the holders of bank accounts at Citi. Investment products, including investment funds, are neither a deposit nor an obligation, and they are not guaranteed by Bank Handlowy w Warszawie S.A. or any of Citigroup subsidiaries or affiliates, save for the investment products issued or guaranteed by Bank Handlowy w Warszawie S.A. or a Citigroup subsidiary or affiliate. In the case of investment products, the issuer of the investment product is under the duty to protect the capital and/or to guarantee interest, if applicable.

The investment products offered by the Bank are not guaranteed by the State Treasury, the Bank Guarantee Fund (except for the amounts due under bank securities and dual currency investments covered by the statutory cash guarantee system pursuant to the provisions of the Act of 14 December 1994 on the Bank Guarantee Fund) or any other government institutions.

The insurance contract is concluded by the Client with the insurer through the Bank. Bank Handlowy w Warszawie S.A. performs the role of insurance agent and is registered in the register of insurance agents kept by the Polish Financial Supervision Authority under number 11120807/A. The Client can verify information about the Bank’s entry in the register of agents by submitting an application to the Polish Financial Supervision Authority.

Investment products carry an investment risk, including the possibility of loss of the capital invested. When making a decision to buy or sell an investment product, the Client shall consider the risk inherent in the investment decision, in particular the possibility of changes in pricing of the financial instruments constituting the object of that decision against the Client’s expectations and the resulting failure by the Client to generate the planned profit.

The sums payable under insurance contracts are secured by the Insurance Guarantee Fund to the extent defined by the Act of 22 May 2003 on mandatory insurance, the Insurance Guarantee Fund and the Polish Motor Insurers Bureau (the Act on Insurance Guarantee Fund). This means that when the Insurer becomes insolvent in the cases defined by the Act on the Insurance Guarantee Fund (IGF), the Fund will satisfy in part the claims of the persons entitled to benefits under life insurance contracts in the amount of 50% of the sums payable, up to an amount not greater than the PLN equivalent of EUR 30,000.00.

Under certain conditions, the negotiability of the Fund Trust Units may be restricted or precluded. The value of the Fund Trust Units may change depending on the developments in the financial markets and changes in currency exchange rates. As a consequence, income from the investment made may increase or decrease. This means that the sum paid out at the end of the investment period may be lower than the originally invested one.

The tax on capital gains (including tax on interest) is payable by the Client. The Bank shall collect, on behalf of the Client, tax dues or withholding tax only when the duty to collect such tax can be expressly derived from the applicable regulations of Polish law or from the double taxation avoidance agreements to which Poland is a party.

The Bank provides the Investment Advisory service only to the Clients who have concluded with the Bank a contract for the provision of this service. The Investment Advisory service is provided by the Bank only in respect of units or trust certificates of open-end investment funds, where the Bank provides the service of acceptance and transfer of orders to purchase or sell (excluding Regular Investment Plans and Individual Pension Account). All details contained herein are for information purpose only and do not constitute an offer within the meaning of the Civil Code or a solicitation for transactions.