Index Guideline

INDEX GUIDELINE
Solactive Cyber Security Thematic Index

Version 1.0
28 June 2019

INDEX GUIDELINE
Solactive Cyber Security Thematic Index

Version 1.0
28 June 2019

Think before you print!

Index Guideline

TABLE OF CONTENTS
Introduction .............................................................................................................................................................................................................................. 3
1 Index Specifications ............................................................................................................................................................................................................. 4
1.1 Short name and ISIN ................................................................................................................................................................................................... 4
1.2 Initial value .................................................................................................................................................................................................................... 4
1.3 Distribution ................................................................................................................................................................................................................... 4
1.4 Prices and calcuation frequency ........................................................................................................................................................................... 4
1.5 Weighting ...................................................................................................................................................................................................................... 5
1.6 Oversight ....................................................................................................................................................................................................................... 5
1.7 Publication .................................................................................................................................................................................................................... 5
1.8 Historical Data ............................................................................................................................................................................................................. 5
1.9 Licensing........................................................................................................................................................................................................................ 5
2 Composition of the Index .................................................................................................................................................................................................. 5
2.1 Selection of the Index components ...................................................................................................................................................................... 5
2.2 Ordinary adjustment ................................................................................................................................................................................................. 6
2.3 Extraordinary adjustment ....................................................................................................................................................................................... 6
3 Calculation of the Index .................................................................................................................................................................................................... 6
3.1 Index formula ............................................................................................................................................................................................................... 6
3.2 Accuracy ....................................................................................................................................................................................................................... 7
3.3 Adjustments ................................................................................................................................................................................................................ 7
3.4 Dividends and other distributions ........................................................................................................................................................................ 7
3.5 Corporate actions ...................................................................................................................................................................................................... 8
3.5.1 Principles ............................................................................................................................................................................................................. 8
3.5.2 Capital increases .............................................................................................................................................................................................. 8
3.5.3 Share splits ........................................................................................................................................................................................................ 9
3.5.4 Stock distributions .......................................................................................................................................................................................... 9
3.6 Miscellaneous ........................................................................................................................................................................................................... 10
3.6.1 Recalculation ................................................................................................................................................................................................... 10
3.6.2 Market Disruption .......................................................................................................................................................................................... 10
4 Definitions ............................................................................................................................................................................................................................ 10
5 Changes in calculation method .....................................................................................................................................................................................13
Contact ......................................................................................................................................................................................................................................142

Index Guideline

INTRODUCTION
This document (the “Guideline”) is to be used as a guideline with regard to the composition, calculation andmaintenance of the Index. Any changes made to the Guideline are initiated by the Committee specified in
Section 1.6. The Index is calculated and published by Solactive AG. The name “Solactive” is trademarked.
It contains the underlying principles and rules regarding the structure and operation of the Solactive Cyber
Security Thematic Index (the “Index”). Solactive AG shall make every effort to implement the applicableregulations. Solactive AG does not offer any explicit or tacit guarantee or assurance, neither pertaining to
the results from the use of the Index nor the Index value at any certain point in time nor in any other respect.
The Index is merely calculated and published by Solactive AG and it strives to the best of its ability to ensure
the correctness of the calculation. There is no obligation for Solactive AG – irrespective of possible
obligations to issuers – to advise third parties, including investors and/or financial intermediaries, of any
errors in the Index. The publication of the Index by Solactive AG does not constitute a recommendation for
capital investment and does not contain any assurance or opinion of Solactive AG regarding a possible
investment in a financial instrument based on this Index.

3Index Guideline

1 INDEX SPECIFICATIONSThe Solactive Cyber Security Thematic Index (the “Index”) is an Index of Solactive AG and is calculated
and distributed by Solactive AG.
The index intends to track the price movement of a portfolio of companies that are engaged in the cyberand data security segment and offer colocation and data center services.
The Index is a Price Return, Net Total Return and Total Return index.
The Index is published in US Dollar.

1.1 SHORT NAME AND ISINThe Index is distributed under the following identifier:
Name

ISIN

WKN

Index Version

Reuters

Bloomberg

Solactive Cyber Security
Thematic Index PR

DE000SLA7XW4SLA7XW

Price Return.SOLCSECPSOLCSECP Index

Solactive Cyber Security
Thematic Index NTR

DE000SLA7YY8SLA7YYNet Total Return.SOLCSECNSOLCSECN Index

Solactive Cyber Security
Thematic Index TR

DE000SLA7YZ5SLA7YZ

Total Return.SOLCSECTNA

1.2 INITIAL VALUEThe Index is based on 1,000 at the close of trading on the start date, October 18, 2013.

1.3 DISTRIBUTION
The Index is published via the price marketing services of Boerse Stuttgart GmbH and is distributed to allaffiliated vendors. Each vendor decides on an individual basis as to whether it will distribute/display theIndex via its information systems.

1.4 PRICES AND CALCUATION FREQUENCY
The price of the Index is calculated on each Business Day based on the prices on the respective Exchanges
on which the Index Components are listed. The most recent prices of all Index Components are used. Prices
of Index Components not listed in the Index Currency are translated using spot foreign exchange rates
quoted by Reuters. Should there be no current price available on Reuters, the most recent price or the
Trading Price on Reuters for the preceding Trading Day is used in the calculation. The daily Index Closing
Level is calculated using Reuters/WMCO closing spot rates as at 4pm London time.
The Index is calculated every Business Day from 9:00 a.m. to 10:30 p.m. CET. In the event that data cannot
be provided to Reuters or to the pricing services of Boerse Stuttgart GmbH, the Index cannot be distributed.

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Index Guideline

1.5 WEIGHTING
On each Selection Day, the new Index Components are weighted according to their inverse volatility wherevolatility is measured as the MAX (3month volatility in Index Currency, 12month volatility in Index Currency).

1.6 OVERSIGHT
A Committee composed of staff from Solactive AG (the “Committee” or the “Index Committee”) is
responsible for decisions regarding the composition of the Index as well as any amendments to the rules.
Members of the Committee can recommend changes to the Guideline and submit them to the Committee
for approval.

1.7 PUBLICATIONAll specifications and information relevant for calculating the Index are made available on the
http://www.solactive.com web page and sub-pages.

1.8 HISTORICAL DATA
Historical data will be maintained from the launch of the Index on June 28, 2019.

1.9 LICENSING
Licenses to use the Index as the underlying value for derivative instruments are issued to stock exchanges,
banks, financial services providers and investment houses by Solactive AG.

2 COMPOSITION OF THE INDEX
2.1 SELECTION OF THE INDEX COMPONENTS
The initial composition of the Index as well as any ongoing adjustment are based on the following nondiscretionary rules:
On the Selection Days, Solactive AG defines the Index Universe as outlined in Section 4. The selection of
the Index Components proceeds as follows:
1. Minimum Security-level Market Capitalization of at least US Dollar 1 billion.
2. Minimum Average Daily Value Traded of at least US Dollar 10 million over the last six
months including the Selection Day.
If there are less than 20 eligible companies that pass the above size and liquidity criteria, the Security-level
Market Capitalization threshold will be lowered in 100 million steps and the Average Daily Value Traded
will be lowered in 1 million steps, respectively, until the Index constitute of 20 Index Components.
When lowering the thresholds in line with the above defined steps and more than 20 Index Components
become eligible, the Index selects the Index Components according to the following example.
5Index Guideline

Example:Initially, only 18 companies pass the above size and liquidity criteria. These 18 companies will be selected
as Index Components. When lowering the Security-level Market Capitalization by 100 million and the
Average Daily Value Traded by 1 million, five additional companies become eligible for inclusion into theIndex. Out of these five companies only the two companies with the highest Average Daily Value Traded
will be selected as Index Components such that the number of Index Components is 20.
In case the thresholds for the Index are lowered to a Security-level Market Capitalization of 100 million andan Average Daily Value Traded of 1 million and the Index still consists of less than 20 Index Components,
the Index will consist of all companies passing the aforementioned size and liquidity criteria.
Furthermore, the number of Index Components is capped at 50. In case the number of companies that pass
the above defined size and liquidity criteria is higher, only the 50 companies with the highest Security-level
Market Capitalization will be selected as Index Components.

2.2 ORDINARY ADJUSTMENT
The composition of the Index is adjusted quarterly. The composition of the Index is reviewed on the
Selection Day and necessary changes are announced.
The first adjustment will be made in July 2019, based on the Trading Prices of the Index Components on
the Adjustment Day.
Solactive AG shall publish any changes made to the Index composition on the Selection Day andconsequently with sufficient notice before the Adjustment Day.

2.3 EXTRAORDINARY ADJUSTMENT
An extraordinary adjustment, if applicable, is triggered and applied in compliance with the rules set forthin the Solactive Guideline for Extraordinary Corporate Actions.

3 CALCULATION OF THE INDEX
3.1 INDEX FORMULA
The Index Value on a Business Day at the relevant time is calculated in accordance with the following
formula:𝑛𝐼𝑛𝑑𝑒𝑥𝑡 = ∑𝑖=1(𝑥𝑖,𝑡 × 𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 )
𝐷𝑡

With:
𝑥𝑖,𝑡
𝑝𝑖,𝑡

=
=

Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡
Price of Index Component 𝑖 on Trading Day 𝑡
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Index Guideline

𝑓𝑖,𝑡
𝐷𝑡

=

Foreign exchange rate to convert the Price of Index Component 𝑖 on Trading Day 𝑡 into the=Index Currency
Divisor on Trading Day 𝑡

The initial Divisor on the Start Date is calculated according to the following formula:𝐷𝑡 =∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡 )1000

After the close of trading on each Adjustment Day 𝑡, the new Divisor is calculated as follows:
𝐷𝑡+1 =∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡+1 )𝐼𝑛𝑑𝑒𝑥𝑡This Divisor is valid starting the immediately following Business Day.

3.2 ACCURACY
The value of the Index will be rounded to 2 decimal places.
Divisors will be rounded to six decimal places.

3.3 ADJUSTMENTS
Indices need to be adjusted for systematic changes in prices once these become effective. This requires
the new Number of Index Shares of the affected Index Component and the Divisor to be calculated on an
ex-ante basis.
Following the Committee’s decision, the Index is adjusted for distributions, capital increases and stock
splits.
This procedure ensures that the first ex quote can be properly reflected in the calculation of the Index. This
ex-ante procedure assumes the general acceptance of the Index calculation formula as well as open
access to the parameter values used. The calculation parameters are provided by the Index Calculator.

3.4 DIVIDENDS AND OTHER DISTRIBUTIONSDividend payments and other distributions are included in the Index. They cause an adjustment of theDivisor. The new Divisor is calculated as follows:

𝐷𝑡+1 = 𝐷𝑡 ×

∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡 ) − (𝑥𝑖,𝑡 × 𝑦𝑖,𝑡 × 𝑔𝑖,𝑡 )∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡 )

With:
𝑥𝑖,𝑡

=

Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡

𝑦𝑖,𝑡

=

Distribution of Index Component 𝑖 with ex-date 𝑡 + 1 multiplied by the Dividend Correction
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Index Guideline

𝑝𝑖,𝑡

=

Price of Index Component 𝑖 on Trading Day 𝑡

𝑓𝑖,𝑡

=

Foreign exchange rate to convert the Price of Index Component 𝑖 on Trading Day 𝑡 into the=Index Currency
Foreign exchange rate to convert the amount of the distribution of Index Component 𝑖 on

𝑔𝑖,𝑡

𝐷𝑡 =
𝐷𝑡+1 =

Trading Day 𝑡 into the Index Currency
Divisor on Trading Day 𝑡
Divisor on Trading Day 𝑡 + 1

3.5 CORPORATE ACTIONS
3.5.1 Principles
Following the announcement by an issuer of Index Components of the terms and conditions of a corporate
action, the Index Calculator determines whether such corporate action has a dilutive, concentrative or
similar effect on the price of the respective Index Component.
If this should be the case, the Index Calculator shall make the necessary adjustments that are deemed
appropriate in order to take into account the dilutive, concentrative or similar effect and shall determine
the date on which this adjustment shall come into effect.
Amongst other things, the Index Calculator can take into account the adjustment made by an AffiliatedExchange as a result of the corporate action with regard to option and futures contracts on the respective
share traded on this Affiliated Exchange.

3.5.2 Capital increases
In the case of capital increases with ex-date 𝑡 + 1, the Index is adjusted as follows:

𝑥𝑖,𝑡+1 = 𝑥𝑖,𝑡 ×

1+𝐵
1

With:
𝑥𝑖,𝑡 =
𝑥𝑖,𝑡+1 =𝐵=

Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡
Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡 + 1
Shares received for every share held
𝑝𝑖,𝑡+1 =𝑝𝑖,𝑡 + 𝑠 × 𝐵
1+B

With:
𝑝𝑖,𝑡

=

𝑝𝑖,𝑡+1 =𝑠=

Price of Index Component 𝑖 on Trading Day 𝑡
Hypothetical price of Index Component 𝑖 on Trading Day 𝑡 + 1
Subscription Price in the Index Component currency
8Index Guideline=

𝐵

Shares received for every share held

∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡 ) + ∑𝑛𝑖=1[(𝑥𝑖,𝑡+1 × 𝑝𝑖,𝑡+1 × 𝑓𝑖,𝑡 ) − (𝑥𝑖,𝑡 × 𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 )]𝐷𝑡+1 = 𝐷𝑡 ∗∑𝑛𝑖=1(𝑝𝑖,𝑡 × 𝑓𝑖,𝑡 × 𝑥𝑖,𝑡 )
With:
𝑥𝑖,𝑡

=

Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡

𝑥𝑖,𝑡+1 =Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡 + 1

𝑝𝑖,𝑡 =
𝑝𝑖,𝑡+1 =Price of Index Component 𝑖 on Trading Day 𝑡
Hypothetical price of Index Component 𝑖 on Trading Day 𝑡 + 1

𝑓𝑖,𝑡

=

𝐷𝑡 =
𝐷𝑡+1 =

Foreign exchange rate to convert the Price of Index Component 𝑖 on Trading Day 𝑡 into theIndex Currency
Divisor on Trading Day 𝑡
Divisor on Trading Day 𝑡 + 1

3.5.3 Share splits
In the case of share splits with ex-date on Trading Day 𝑡 + 1, it is assumed that the prices change in ratioof the terms of the split. The new Number of Index Shares is calculated as follows:

𝑥𝑖,𝑡+1 = 𝑥𝑖,𝑡 × B
With:𝑥𝑖,𝑡 =
𝑥𝑖,𝑡+1 =𝐵=

Number of Index Shares of the affected Index Component on Trading Day 𝑡
Number of Index Shares of the affected Index Component on Trading Day 𝑡 + 1
Shares after the share split for every share held before the split

3.5.4 Stock distributions
In the case of stock distributions with ex-date on Trading Day 𝑡 + 1, it is assumed that the prices change
according to the terms of the distribution. The new Number of Index Shares is calculated as follows:

𝑥𝑖,𝑡+1 = 𝑥𝑖,𝑡 × (1 + B)
With:
𝑥𝑖,𝑡 =
𝑥𝑖,𝑡+1 =𝐵=

Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡
Number of Index Shares of the Index Component 𝑖 on Trading Day 𝑡 + 1
Shares received for every share held

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Index Guideline

3.6 MISCELLANEOUS
3.6.1 Recalculation
Solactive AG makes the greatest possible efforts to accurately calculate and maintain its indices. However,
the occurrence of errors in the index determination process cannot be ruled out. In such cases Solactive
AG adheres to its publicly available Correction Policy.

3.6.2 Market Disruption
In periods of market stress Solactive AG calculates its indices following predefined and exhaustive
arrangements set out in its publicly available Disruption Policy.

4 DEFINITIONSThe “Index Universe” in respect of a Selection Day are companies that fulfill the following criteria:
1. Member of the Solactive Global Cyber Security Index. For clarification, this refers to the selectedindex members of the Solactive Global Cyber Security Index that are being determined on the mostrecent Selection Day as defined in the respective index guideline.
The “Index Component” is each share currently included in the Index.
The “Total Shares” are in respect of an Index Component and any given Business Day the number or
fraction of shares included in the Index. It is calculated for any Index Component as the ratio of (A) the
Percentage Weight of an Index Component multiplied by the Index value and the Divisor and (B) its Trading
Price (converted into the Index Currency according to the principles laid out in Section 1.4 of this document).
The “Percentage Weight” of an Index Component is the ratio of its Trading Price multiplied by its Numberof Shares divided by the Index value and the Divisor.
The “Dividend Correction Factor” is zero.
In particular, an “Extraordinary Event” isa Mergera Takeover Bid
a Delisting
the Nationalization of a company
Insolvency.
The Trading Price for this Index Component on the day the event came into effect is the last available
market price for this Index Component quoted on the Exchange on the day the event came into effect (or,if a market price is not available for the day the event came into effect, the last available market pricequoted on the Exchange on a day specified as appropriate by the Index Calculator) as determined by theIndex Calculator, and this price is used as the Trading Price of the particular Index Component until the endof the day on which the composition of the Index is next set.
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Index Guideline

In the event of the Insolvency of an issuer of an Index Component, the Index Component shall remain in the
Index until the next Adjustment Day. As long as a market price for the affected Index Component isavailable on a Business Day, this shall be applied as the Trading Price for this Index Component on therelevant Business Day, as determined in each case by the Index Calculator. If a market price is not available
on a Business Day the Trading Price for this Index Component is set to zero. The Committee may also decideto eliminate the respective Index Component at an earlier point in time prior to the next Adjustment Day.
The procedure in this case is identical to an elimination due to an Extraordinary Event.
An Index Component is “delisted” if the Exchange announces pursuant to the Exchange regulations thatthe listing of, the trading in, or the issuing of public quotes on the Index Component at the Exchange hasceased immediately or will cease at a later date, for whatever reason (provided the Delisting is not becauseof a Merger or a Takeover Bid), and the Index Component is not immediately listed, traded or quoted again
on an exchange, trading or listing system, acceptable to the Index Calculator.
“Insolvency” occurs with regard to an Index Component if (A) all shares of the respective issuer must betransferred to a trustee, liquidator, insolvency administrator or a similar public officer as result ofvoluntary or compulsory liquidation, insolvency or winding-up proceedings or comparable proceedings
affecting the issuer of the Index Components or (B) the holders of the shares of this issuer are legallyenjoined from transferring the shares.
A “Takeover Bid” is a bid to acquire, an exchange offer, or any other offer or act of a legal person that
results in the related legal person acquiring as part of an exchange or otherwise more than 10% and lessthan 100% of the voting shares in circulation from the issuer of the Index Component or the right to acquire
these shares, as determined by the Index Calculator based on notices submitted to public or self-regulatory
authorities or other information considered by the Index Calculator to be relevant.
With regard to an Index Component, a “Merger” is(i) a change in the security class or a conversion of this share class that results in a transfer or an
ultimate definite obligation to transfer all the shares in circulation to another legal person,(ii) a merger (either by acquisition or through forming a new structure) or a binding obligation on thepart of the issuer to exchange shares with another legal person (except in a merger or shareexchange under which the issuer of this Index Component is the acquiring or remaining company
and which does not involve a change in security class or a conversion of all the shares incirculation),(iii) a takeover offer, exchange offer, other offer or another act of a legal person for the purposes ofacquiring or otherwise obtaining from the issuer 100% of the shares issued that entails a transfer
or the irrevocable obligation to transfer all shares (with the exception of shares that are held andcontrolled by the legal person), or(iv) a merger (either by acquisition or through forming a new structure) or a binding obligation on thepart of the issuer of the share or its subsidiaries to exchange shares with another legal person,
whereby the issuer of the share is the acquiring or remaining company and it does not involve achange in the class or a conversion of the all shares issued, but the shares in circulation directly11Index Guidelineprior to such an event (except for shares held and controlled by the legal person) represent in total
less than 50% of the shares in circulation directly subsequent to such an event.
The “Merger Date” is the date on which a Merger is concluded or the date specified by the Index Calculator
if such a date cannot be determined under the law applicable to the Merger.
“Nationalization” is a process whereby all shares or the majority of the assets of the issuer of the sharesare nationalized or are expropriated or otherwise must be transferred to public bodies, authorities or
institutions.
The “Exchange” is, in respect of the Index and every Index Component, the respective primary exchange
where the Index Component has its primary listing. The Committee may decide to declare a different stock
exchange the “Exchange” for trading reasons, even if the company is only listed there via a Stock Substitute.
A “Stock Substitute” includes in particular, American Depository Receipts (ADR) and Global Depository
Receipts (GDR).
With regard to an Index Component (subject to the provisions given above under “Extraordinary Events”)
the “Trading Price” in respect of a Trading Day is the closing price on this Trading Day determined inaccordance with the Exchange regulations. If the Exchange has no closing price for an Index Component,
the Index Calculator shall determine the Trading Price and the time of the quote for the share in question
in a manner that appears reasonable to it.
A “Trading Day” is with respect to an Index Component included in the Index at the Rebalancing Day andevery Index Component included in the Index at the Calculation Day immediately following the
Rebalancing Day (for clarification: this provision is intended to capture the Trading Days for the securities
to be included in the Index as new Index Components with close of trading on the relevant exchange on the
Rebalancing Day) a day on which the relevant Exchange is open for trading (or a day that would have beensuch a day if a market disruption had not occurred), excluding days on which trading may be ceased prior
to the scheduled Exchange closing time and days on which the Exchange is open for a scheduled shortened
period. The Index Calculator is ultimately responsible as to whether a certain day is a Trading Day.
The “Index Calculator” is Solactive AG or any other appropriately appointed successor in this function.
The “Index Currency” is US Dollar.
The “Security-level Market Capitalization” is with regard to each of the securities in the Index on a
Selection Day the share class-specific Market Capitalization for any security in the Index Universe. It is
calculated as the multiplication of the shares outstanding of the respective share class with the Trading
Price of the share class in Index Currency as of the respective Selection Day.
“Calculation Day” is Monday to Friday.
A “Business Day” is a day on which the London Stock Exchange is open for general business.
The “Rebalance Day” is the last Business Day in January, April, July and October. If that day is not a
Trading Day, the Rebalance Day will be the immediately following Trading Day.
The “Selection Day” is the Business Day 5 Business Days before the scheduled Rebalance Day,
disregarding any potential change of the Rebalance Day.
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Index Guideline

A “Market Disruption Event” occurs if
1. one of the following events occurs or exists on a Trading Day prior to the opening quotation time for an
Index Component:A) trading is suspended or restricted (due to price movements that exceed the limits allowed by the
Exchange or an Affiliated Exchange, or for other reasons):
1.1. across the whole Exchange; or
1.2. in options or futures contracts on or with regard to an Index Component or an Index Component
that is quoted on an Affiliated Exchange; or
1.3. on an Exchange or in a trading or quotation system (as determined by the Index Calculator) in
which an Index Component is listed or quoted; orB) an event that (in the assessment of the Index Calculator) generally disrupts and affects theopportunities of market participants to execute on the Exchange transactions in respect of a shareincluded in the Index or to determine market values for a share included in the Index or to executeon an Affiliated Exchange transaction with regard to options and futures contracts on these sharesor to determine market values for such options or futures contracts.
2. trading on the Exchange or an Affiliated Exchange is ceased prior to the “Normal Exchange Closing
Time”, which is the time at which the Exchange or an Affiliated Exchange is normally closed on working
days without taking into account after-hours trading or other trading activities carried out outside thenormal trading hours. An exception to this classification as a Market Disruption Event is where the earlycessation of trading is announced by the Exchange or Affiliated Exchange on this Trading Day at least
one hour before
2.1. the actual closing time for normal trading on the Exchange or Affiliated Exchange on the Trading
Day in question or, if earlier.
2.2. the closing time (if given) of the Exchange or Affiliated Exchange for the execution of orders at thetime the quote is given.
3. a general moratorium is imposed on banking transactions in the country in which the Exchange isresident if the above-mentioned events are material in the assessment of the Index Calculator,
whereby the Index Calculator makes its decision based on those circumstances that it considers
reasonable and appropriate.

5 CHANGES IN CALCULATION METHOD
The application by the Index Calculator of the method described in this document is final and binding. The
Index Calculator shall apply the method described above for the composition and calculation of the Index.
However, it cannot be excluded that the market environment, supervisory, legal, financial or tax reasons
may require changes to be made to this method. The Index Calculator may also make changes to the terms
and conditions of the Index and the method applied to calculate the Index that it deems to be necessary
and desirable in order to prevent obvious or demonstrable error or to remedy, correct or supplement
13Index Guideline

incorrect terms and conditions. The Index Calculator is not obliged to provide information on any suchmodifications or changes. Despite the modifications and changes, the Index Calculator will take theappropriate steps to ensure a calculation method is applied that is consistent with the method describedabove.

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Index Guideline

CONTACT
Solactive AG
German Index Engineering
Guiollettstr. 54
60325 Frankfurt am Main
Germany
Tel.:
Fax:
Email:
Website:+49 (0) 69 719 160 00+49 (0) 69 719 160 25
info@solactive.com
www.solactive.com© Solactive AG

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