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MAXOW CAPITAL, LTD. / WWW.MAXOWCAPITAL.COM

20 jul 2015 Waarschuwing van een buitenlandse toezichthouder

Pursuant to the second paragraph of Article 13 of the Law 24/1988, July 28th the Securities Markets Act, the
Comisión Nacional del Mercado de Valores, warns that:

MAXOW CAPITAL, LTD.
WWW.MAXOWCAPITAL.COM
World Trade Center Barcelona – Edif. Este, Moll de Barcelona s/n, 1ª planta,08039 Barcelona.

Is not authorised to provide the investment services detailed in paragraph 1 and in letters a), b), d),
f) and g) of paragraph 2 of Article 63 of the Spanish Securities Market Act, which includes investment
advice, in relation to the financial instruments detailed in article 2 of the said Act, including, to such
effects, transactions on foreign currency.

For any query, please contact the Comisión Nacional del Mercado de Valores enquiry line at 902
149 200 or visit the CNMV’s web site (www.cnmv.es).

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