Sparhafen Bank Medium-Term Notes

Above CHF 100,000 on request.

Medium-term note

CHF

Switzerland

1 year: 0.25%

2 years: 0.3%

3 years: 0.4%

4 years: 0.45%

5 years: 0.55%

6 years: 0.6%

7 years: 0.65%

8 years: 0.7%

9 years: 0.75%

10 years: 0.8%

Not specified.

Subscription and custody account management are free of charge, brokerage fees are charged. Up to CHF 50,000: 0.8%, minimum CHF 80. Up to CHF 100,000: 0.7%. Up to CHF 250,000: 0.5%. Up to CHF 400,000: 0.3%. Over CHF 400,000: 0.2%. Via e-banking: 50% discount.

Not specified.

Not specified.

Not specified.