Conditions of use for Structured Investor Products Internet Website of BNP Paribas S.A.

For more detailed information about BNP Paribas S.A., visit www.bnpparibas.com, click on 'About Us' or call +41 (0)58 212 68 50.

This website is owned and maintained by BNP Paribas S.A. ("BNPP" or "we"). Use of this website is subject to the following conditions (the "Conditions"). You must read these carefully. By using this website, you agree to be legally bound by these Conditions. If you do not accept these Conditions, please do not use this website.

This website contains information (i) on products that are issued and promoted by BNPP or other companies of the BNPP group and (ii) on products which were formerly issued by The Royal Bank of Scotland plc ("RBS plc") or The Royal Bank of Scotland N.V. ("RBS N.V." and collectively with RBS plc "RBS"), but which were substituted by BNP Paribas Issuance BV (as the issuer) and BNPP (as the guarantor).

BNPP is a French bank and has its registered office at 16, boulevard des Italiens, 75009 Paris, France (RCS number: 662 042 449). BNPP in France is under the supervision of the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB). The issuers of the products may not be licensed in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).

Use of this website

1. The information provided on this website or in any communication containing a link to this website is purely intended for personal use and information purposes. The content has not been prepared for any specific investment, financial situation or particular needs of any specific recipient of this information. The information provided on this website is not intended for distribution to or use by any natural person or legal entity in any jurisdiction in any country where such distribution or such use would be contrary to applicable legislation or regulations, or which would subject any entity of BNPP to any registration requirement in such a jurisdiction or country. To the extent that this website contains opinions, these are solely provided by BNPP for personal use and information purposes and are not necessarily our opinion.

2. The distribution of material on this website can be restricted by the laws or regulations of the country from which you access this website. Where such restrictions are in force, the persons who visit this website must inform themselves about such restrictions and comply with them.

3. The services, products and financial instruments referred to on this website are intended for use by residents of the country specified in the prospectus and its corresponding supplements as being the jurisdiction in which such services, products and financial instruments are offered, and these are not directed at or intended for residents of any other jurisdiction. Residents of other jurisdictions cannot perform any actions that are based on the information on this website. Specifically, without limitation, the services, products and financial instruments referred to on this website are not offered to United States Persons (as defined in Regulation S of the United States Securities Act of 1933) and are not otherwise available in the United States of America (see also Article 23).

4. Where any information on this website relates to financial instruments, you must realise that this information is only marketing information and is not an offer for sale of or subscription to such financial instruments, and is also not intended as such. Such information is not intended to constitute a prospectus or other offering document. Without prejudice to the provisions of Article 7, if information is included on this website about an offer, this website usually contains the relevant prospectus and/or the other documents containing the conditions concerning the offer and the financial instruments, or hyperlinks to and/or other information concerning the provision of a copy of the prospectus or the other documents. Information relating to individual financial instruments presented on this website is obtained from the relevant prospectus or other legally binding documentation applicable to the products concerned. Only the text of such legally binding documentation applicable to the products concerned (e.g. the relevant prospectus, any final terms or any other terms and conditions) is relevant. In the event of any conflict between information included on this website and information included in such other documentation, the information included in such other documentation will prevail and any information included on this website must be interpreted accordingly.

5. This website is designed to be accessed via its key home pages and via other pages that we can provide. If you access the site directly via individual pages that are not designed for such use, this could mean that you miss important information that is relevant to the information on this website. On some pages, you will be asked to read the "Legal information" section. This important information includes important details and relevant legal or regulatory information and must be read in conjunction with the relevant pages of this website.

Exclusion of liability

6. These Conditions and particularly these provisions concerning "Exclusion of liability" do not seek to limit our liability in any way to the extent that this is not permitted under applicable law or any applicable regulation.

7. We have taken reasonable measures to ensure the accuracy and completeness of the contents of this website, including the opinions, tables, indicative interest rates, calculation tools and reports contained in it. This information has been collected by BNPP based on sources we consider to be reliable. All price information is only indicative and may be presented after time delays. To the extent permitted under the applicable law, we fully exclude (explicitly or implicitly) guarantees, promises or representations of matters that this website, including but not limited to the functions contained in it, will be updated, that access to it will be uninterrupted or error free, that omissions will be corrected, or that each or any part of the content or the materials, or the accuracy, availability or completeness of the content of the website or any part of the content or materials are appropriate or available for use in any jurisdiction. If you use this website from jurisdictions other than Switzerland, you are yourself responsible for compliance with the applicable national legislation there. We can terminate the production or updating of this website or any portion of it without notice.

8. We do not accept any liability whatsoever related to contract, unlawful act, negligence, or any statutory duty, to the extent permitted by applicable law, which is associated with the use of or access to this website, including, but not limited to, any errors or omissions, or if this website cannot be reached, any act or omission of any other party involved in the realisation of this website or making the data on it available to you, or any other issue relating to your access to, or impossibility of your access to, or use of the website, including interruptions, deletion of files, viruses, errors, defects, or any failure to perform, communications failures, theft, destruction or unauthorized access, regardless of the circumstances giving rise to such an issue within the control of BNPP or any other party that provides, for example, supporting software or services. We are not liable for any direct or indirect, exceptional, additional or consequential loss or disadvantage of whatsoever nature, suffered or as a result of or in connection with your use of this website.

9. Access to and use of this website is at the own risk of the user and we do not guarantee that the use of this website, or that any material downloaded from it will not cause any harm to any property, or otherwise reduce or remove risks inherent to the Internet, including but not limited to loss of data, computer virus infections, spyware, malicious software, trojans, worms or other similar malware. We also accept no liability for any loss or financial disadvantage as a result of changes made to the content of this website by unauthorised third parties.

10. To increase the value of this website further for its users, we can provide hyperlinks to other websites or resources, which are not part of BNPP, which you can then visit entirely at your own discretion. From time to time, there can also be other websites or resources, which are not part of BNPP, which contain hyperlinks to this website, which can happen both with and without our consent. You acknowledge and agree that, because it is your own choice to visit such linked or linking website, we are not responsible for the availability of such external websites or resources, and that such external websites or resources are not made available by the relevant provider on our behalf, regardless of whether we have given consent for the existence of such hyperlinks to our website, and that we do not assess or endorse, or are otherwise directly or indirectly responsible or liable for (i) the privacy policies of such websites, (ii) the content of such websites, including, but not limited to, any advertising, content, products, goods or other materials or services on or available from such websites or resources, or (iii) the use by others of these websites or resources, nor for any damage, financial disadvantage or offences caused or alleged to be caused by or in connection with use of or reliance on any such advertising, content, products, goods or other materials or services such as those available on such external websites or resources.

Personal data

11. Please refer to our Data Protection Notice.

Intellectual Property

12. Except insofar as expressly provided otherwise, all intellectual property rights relating to this website are solely owned by BNPP.

13. Intellectual property rights also mean copyrights. Reproduction in any form of any part of the contents of this website without our prior written permission is prohibited, except for the making of a single copy or an extract purely for personal, non-commercial purposes, and provided that all the copyright notices and notices related to other intellectual property rights that are included or described in these materials or on this website continue to be retained with the content.

14. Intellectual property rights also mean trademark rights. This website contains numerous registered and unregistered trademarks owned by BNPP and entities of BNPP. These trademarks include, but are not limited to, the 'BNP Paribas logo', ‘BNP Paribas’, and ‘BNPP’. When in doubt about whether it is a trademark of BNPP or an entity of it, for clarification please contact: BNP Paribas (Suisse) SA, Selnaustrasse 16 / PO Box, CH-8022 Zurich.

Advice

15. The content of this website is not intended for, nor does it provide any financial, investment or professional advice, and nothing on the pages of this website should be construed in any way as an offer or provision of financial, investment or any other professional advice. The access to this website or the retrieval of information placed on this website by a user does not mean that the user thus becomes a client of BNPP or any entity of BNPP group or that an agreement on the provision of information has been entered into.

16. BNPP or any entity of BNPP group can buy or sell financial instruments, or hold long or short positions that relate to or are derived from the products described on this website. This can have an effect on the value of the products. This website does not take into consideration any individual investment objectives, or the financial situation or particular needs of any individual users. The financial instruments described on this website might not be suitable as an investment instrument for a user. Risks can also be associated with the buying of these instruments. Information regarding the return of either a financial instrument or of an underlying value is always based on what this has done in the past. The historical price movements of a financial instrument or underlying value do not form any basis whatsoever for the expectation of the future return or a guarantee for the future return or price movements.

17. The values and prices reported on this website regarding a specific security or financial instrument or underlying value do not necessarily show the actual value or price available on the relevant market at the time that a user has the intention of buying or selling a specific security or certain currency. The values and prices reported on this website do not take into account the size of a transaction. This means that the size of a specific transaction can result in differing values and prices.

18. BNPP does not provide in any way whatsoever any guarantee, recommendation, representation of matters or promise regarding (a) the suitability for the investor of the financial instruments presented on this website; (b) the tax or accounting consequences of an investment in the financial instruments presented; (c) the future return of underlying values and financial instruments.

19. Investors must carefully consider all the risks before investing in financial instruments, and they must consult, where necessary, independent financial advisers and/or legal, accounting, tax and other advisers before they invest in financial instruments.

Changes to this website

20. The contents of this website, including these Conditions, can be changed by us without notice, and BNPP is not obliged to remove outdated information from the website or to explicitly mark this as being outdated information. Please note that you must not assume that the contents of this website are always current or updated, and the contents must also not be used as a substitute for your independent forming of opinions. You must carefully read any publications or disclaimers placed on this website and make yourself aware of them. It is recommended that you regularly consult the publications or disclaimers, so that you are aware of any changes.

Telephone conversations and Internet communications

21. All communications, including telephone conversations, between you and us can be recorded by us, within the limits of the applicable law. Such recordings are our sole property and are valid, unless there is a manifest error, as conclusive evidence of the recorded communication and can be used as evidence in any dispute. If you have made similar recordings, these will be allocated the same status. The telephone conversations will not be retained longer than necessary.

22. In order to ensure the security of its systems, to protect its staff and detect fraud and other offences, BNPP reserves the right, within the limits set by the applicable law, to monitor all the internet communications, including all the webmail and email traffic in and out of its domains. Monitoring has the purpose of being able to provide evidence, including that regarding interpretation differences or disagreements concerning the contents of the telephone conversation, fraud and other investigation and detection, evaluating the quality of the services, and training, coaching and assessment purposes. The internet communications will not be retained longer than necessary.

For further details please refer to our Data Protection Notice.

UNITED STATES OF AMERICA

23. UNDER NO CIRCUMSTANCES DOES THE INFORMATION ON THIS WEBSITE FORM AN OFFER TO SELL, OR AN INVITATION FOR AN OFFER TO BUY, NOR DOES ANY SALE OF THESE FINANCIAL INSTRUMENTS TAKE PLACE IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR INVITATION OR SALE WOULD BE UNLAWFUL. IN PARTICULAR, THE FINANCIAL INSTRUMENTS ARE NOT AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT) OR FINANCIAL INSTRUMENT LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION, AND THE FINANCIAL INSTRUMENTS MAY NOT BE OFFERED OR SOLD WITHIN THE USA OR TO, OR FOR THE BENEFIT OF, OR AT THE EXPENSE OF US PERSONS (AS DEFINED IN THE REGULATIONS OF THE SECURITIES ACT), EXCEPT ON THE BASIS OF AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND OTHER APPLICABLE STATE OR LOCAL FINANCIAL INSTRUMENT LAWS. THE INFORMATION STATED ON THIS WEBSITE SHOULD NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY WAY AND IN PARTICULAR NOT BE FORWARDED TO ANY US PERSON OR TO ANY US ADDRESS. ANY WHOLE OR PARTIAL TRANSMISSION, DISTRIBUTION OR REPRODUCTION OF SUCH INFORMATION IS UNAUTHORISED. FAILURE TO COMPLY WITH THESE GUIDELINES CAN RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.

24. By your clicking on "I ACCEPT" below and providing you with access to the information on this website, you will be deemed to be a Swiss resident and not a US person, and that you are not located in the United States of America, its territories and possessions (including Puerto Rico, the US Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any State of the United States or the District of Columbia, and that you are authorised to receive the information to which this website refers.

Other Important information

25. The information and opinions contained on this website do not constitute, under any applicable regulations, a public offer or an offer to sell, or an invitation for an offer to buy financial instruments, or form any advice or recommendation with respect to such financial instruments, or a representation of matters that any investment strategy or specific financial instruments are suitable for you. The information placed on this website can be the opinion of specific individuals.

26. This website may contain specific "forward-looking statements" that can be identified by the use of forward-looking terminology, such as "expect", "estimate", "forecast", "anticipate", "should", "intends", "plans" "probability, "target", "goal", "aim", "will", "endeavour", "outlook", "optimistic", "expectations", and similar expressions or variations of such expressions, in any case these information may not be interpreted as investment advice. Information on this website concerning results obtained in the past does not provide any guarantee for the future. Value and income from products identified on this website may fall as well as rise, and investors may receive less than they invested. In the worst case, the entire deposit of investors can be lost.

27. The information presented on this website is subject to, and must be read in conjunction with, all the other relevant information governing such products or financial instruments, including, where applicable, all the documents published by BNPP or entities of the BNPP group, including the relevant information governing such products or financial instruments. In particular, the conditions of a product are governed by the applicable documents with which such conditions are established. In case of any conflict between the information on the website concerning a specific product or financial instrument and the conditions that are set out in, or determined in more detail based on the documents establishing the conditions of issue or agreement, the relevant specific conditions will prevail. The information is not designed for any specific investor and does not constitute any individual investment advice.

28. You need to determine for yourself whether a specific investment strategy or the purchase or sale of any investment product is suitable for you in view of your own investment needs, objectives and financial circumstances. Questions concerning the suitability of an investment for your specific financial and tax situation must be asked of your financial and tax advisers. Specific investment strategies and investment products presented on the website are probably not available or not suitable for every person.

29. Risks can be associated with the purchasing of products. Before making an investment decision, investors must become familiar with the relevant prospectuses, including any supplements and final conditions, which are available on the website. These documents include descriptions of the risks. Unless otherwise stated, any price information on this website is only indicative and is subject to change and does not constitute an offer to trade, nor is this information suitable for basing investment decisions on. Unless stated otherwise, the prices quoted do not include taxes and delivery costs, or other costs.

30. The information published or information still to be published on this website and the information made available or still to be made available via this website, has been compiled and placed on this website with the utmost care. No rights can be derived from financial information published or still to be published on this website, or made available or still to be made available via this website, including all rights concerning the accuracy and completeness of such information.

General Information

Enforceability

31. If any provision of these Conditions concerning use and access to this website is deemed to be unenforceable, this does not affect the validity and enforceability of the other provisions, and such provision will then be replaced by an enforceable provision that most closely matches the intent of the unenforceable provision.

Applicable law

32. The Conditions and the content of this website are governed by the laws of France and any dispute in connection with this website will be exclusively subject to the jurisdiction of the courts of the city of Paris.

Registration data

33. BNP Paribas SA is registered with the French Chamber of Commerce under number 662 042 449. Registered office: 16, boulevard des Italiens, 75009 Paris, France. BNP Paribas (Suisse) SA is registered at the Geneva Commercial Register under No. CHE-102.922.193. Registered office: 2, place de Hollande, CH-1204 Geneva.

Notification to Clients

34. In order to assist the government in combating terrorism and money laundering, all financial institutions are required by law to obtain, verify and record information concerning every person who performs a suspicious transaction.

© 2023 BNP Paribas SA. All rights reserved, unless explicitly granted.