Disclaimer - Eng

This document has been prepared by and is the sole responsibility of Nova Re SIIQ S.p.A. (the “Company”) for the sole purpose described herein. This document is not intended for public distribution and is strictly only for (i) persons who are qualified investors for the purposes of Article 34, Paragraph 1, lett. B), of CONSOB Regulation no. 11971/99 or (ii) other persons to whom it may otherwise be lawful for these materials to be communicated, such as Saites S.r.l. and/or entities controlled by Sorgente SGR S.p.A. and/or funds managed by Sorgente SGR S.p.A. and/or entities controlled by funds managed by Sorgente SGR S.p.A., with the exclusion of persons resident in Australia, Canada, Japan, the United States of America and any other jurisdiction where the distribution, publication or use of this document or any information included herein would require the approval of local authorities or otherwise be unlawful by reason of that jurisdiction’s applicable securities laws, person or entity’s residence or otherwise (the “Other Countries”). In particular, the securities referred to herein have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or pursuant to the corresponding regulations in force in the Other Countries, and may not be offered or sold in the United States of America or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Any failure to comply with these restrictions may constitute a violation of the laws of any such Other Countries and by accessing these materials, you agree to be bound by the foregoing limitations. The content of this document has a merely informative nature and does not constitute a prospectus, offering circular or offering memorandum. Neither this presentation nor any other documentation or information (or any part thereof) delivered constitutes or form any part of, or should be construed as investment advice or an offer, invitation, inducement or solicitation to sell, issue, purchase, subscribe for or otherwise acquire shares or other securities, or engage in investment activity of any kind nor shall it or any part of it form the basis of, or be relied on in connection with, any contract therefore. The information contained herein does not purport to be all-inclusive or to contain all of the information a prospective investor may desire. No representation or warranty, express or implied, is given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained herein and, to the fullest extent permitted by law, no responsibility or liability is accepted for any such information or opinions. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this document. The statements contained herein have not been independently verified. No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the information contained herein. Neither the Company nor any of its representatives shall accept any liability whatsoever (whether in negligence or otherwise) arising in any way in relation to such information or in relation to any loss arising from its use or otherwise arising in connection with this presentation. The information contained in this document, unless otherwise specified is only current as of the date of this document. Unless otherwise stated in this document, the information contained herein is based on management information. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the content of this document, without obligation to notify any person of such revision or changes. This document may not be copied and disseminated in any manner. This presentation includes certain forward looking statements and objectives reflecting the current views of the management of the Company with respect to future events. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results. The Company’s ability to achieve its projected objectives or results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. All forward-looking statements included herein are based on information available to the Company as of the date hereof. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested. When making an investment decision, prospective investors (i) should rely solely on the prospectus as well as any other offering documentation and information relating to the investment and not on the information contained herein and (ii) should have made an independent assessment of the transaction. Prospective investors should inform themselves and should take appropriate advice on the legal requirements as to possible tax consequences, foreign exchange restrictions and/or exchange control requirements that may be applicable under the laws of the countries of their citizenship, residence, or domicile and that might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of the securities described herein.