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following:

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THE MATERIAL AND/OR SERVICES ON THE SITE DO NOT CONSTITUTE

AN OFFER OR SOLICITATION

The material and/or services provided on the Site of HELLENIC AMERICAN

SECURITIES SA are for informational purposes only and do not constitute an offer

to sell or a solicitation of an offer to buy any security which may be referenced on the

Site, except where an offer is explicitly made. Such offers can only be made under

applicable law. Although the information on the Site may include material about the

investment process generally, as well as research commentary relating to specific

securities, HELLENIC AMERICAN SECURITIES SA is not providing personalized

investment advice through the HELLENIC AMERICAN SECURITIES S.A. Website

and any such securities may not suitable for your investment purposes. If you wish

to learn more about information on the Site, you should contact a representative of

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NO RELIANCE

While HELLENIC AMERICAN SECURITIES S.A. Website uses reasonable efforts

to obtain information from sources, which it believes to be reliable, HELLENIC

AMERICAN SECURITIES S.A. makes no representation that the information or

opinions contained on the HELLENIC AMERICAN SECURITIES S.A. Website

are accurate, reliable or complete. The information and opinions contained in the

HELLENIC AMERICAN SECURITIES S.A. Website are provided by HELLENIC

AMERICAN SECURITIES S.A. only for personal use and information purposes,

and are subject to change without notice. Nothing contained on the HELLENIC

AMERICAN SECURITIES S.A. Website constitutes investment, legal, tax or other

advice nor is to be relied on in making an investment or other decision. You should

contact a representative of HELLENIC AMERICAN SECURITIES S.A. before

making any investment decision.

LINKED WEBSITES

When you access certain links on HELLENIC AMERICAN SECURITIES S.A.

Website you may leave the HELLENIC AMERICAN SECURITIES S.A. Website.

HELLENIC AMERICAN SECURITIES S.A. has not reviewed any of the websites

linked to the HELLENIC AMERICAN SECURITIES S.A. Website and does not

endorse or accept any responsibility for the content of such websites nor the products,

services or other items offered through such websites.

IN RELATION TO THE RECEIPT OF ORDERS

The webpage allows HELLENIC AMERICAN SECURITIES S.A. to accept orders

where the Investor has requested and received access permission. Such orders will

be accepted in accordance with the terms of the relevant contract. The simple fact

that the Investor enters his order does not involve its acceptance by HELLENIC

AMERICAN SECURITIES S.A. which shall occur when the order is executed and

only to the extent and degree of such execution. The Investor is solely liable for his

choice of how the order is transmitted to HELLENIC AMERICAN SECURITIES

S.A. and for any problems on the Internet or with the telephone networks in

general which do not permit the successful transmission of his order to HELLENIC

AMERICAN SECURITIES S.A. HELLENIC AMERICAN SECURITIES S.A.

also is not liable for any legal defect in the order, for errors or inaccuracies in the

transmission of orders from the Investor, for interference or false impersonation, for

decoding, erroneous reproduction or transmission of the message or for any other

problem relating to the aforementioned means of communication.

PERSONAL INFORMATION – COLLECTION AND USAGE

HELLENIC AMERICAN SECURITIES S.A. handles as law dictates, information,

which permits the identification of persons related to it. This policy is extended to

all websites belonging to companies controlled by, or affiliated with HELLENIC

AMERICAN SECURITIES S.A. HELLENIC AMERICAN SECURITIES S.A.

makes every reasonable precaution towards enforcing this policy to its employees,

representatives, officers, agents, and affiliates, who may gain access to such

information in the course of their duties. HELLENIC AMERICAN SECURITIES

S.A. collects personal related information when a user is registered for the creation

of an investment account or when he is visiting the HELLENIC AMERICAN

SECURITIES S.A. Website or any other website of a company controlled by, or

affiliated with HELLENIC AMERICAN SECURITIES S.A. This information,

which might contain name and family name, home address, work address, e-mail

address, occupation, as well as financial data related with the physical or legal entity

wishing the opening of an investment account. Moreover, HELLENIC AMERICAN

SECURITIES S.A. may automatically record information from its electronic

infrastructure, including IP addresses of people visiting the pages of its website as

well as cookie information, which are automatically transmitted and installed to

those individual’s personal computers. Usage of such information is done exclusively

for the purposes of the Contract, which may have a legal or a physical entity with

HELLENIC AMERICAN SECURITIES S.A. or with a company controlled by,

or affiliated with HELLENIC AMERICAN SECURITIES S.A. as well as for the

improvements of the HELLENIC AMERICAN SECURITIES S.A. website contents.

HELLENIC AMERICAN SECURITIES S.A. explicitly states that it does not sell,

provide or permit access to such information to any third party. Access to such

information is permitted only to its employees, representatives, officers, agents, and

affiliates, as well as Governmental and Regulatory entities according to the Law.

HELLENIC AMERICAN SECURITIES S.A. continuously makes every reasonable

effort towards enforcing privacy policy to its employees, in a way that the handling of

such information is being done with discretion and professionalism, according to the

Law.

LIMITATIONS OF LIABILITY

In no event, including (without limitation) negligence, will HELLENIC AMERICAN

SECURITIES S.A. be liable for any loss or damage of any kind, including (without

limitation) any direct, special indirect or consequential damages, even if expressly

advised of the possibility of such damages, arising out of or in connection with the

access of, use of, performance of, browsing in or linking to other sites from the

HELLENIC AMERICAN SECURITIES S.A. Website.