Important notice

The information included herein is not intended for distribution, either direct or indirect, in the United States of America. Distribution of the Prospectus and offer, sale or purchase of Bonds are restricted by law in some countries. Bonds will not be registered, authorized or approved by any administration or other authority of any jurisdiction except for the Czech National Bank or the Slovak National Bank. Bonds will especially not be registered in accordance with the Act on Securities of the United States of America from 1933 and they must not be offered, sold or handed over in the area of the United States of America or to persons, who are residents of the United States of America, other than by an exception from registration obligation according to said act or within a transaction, which is not subject to said registration obligation. Persons holding this Prospectus shall be responsible for complying with the restrictions of each country applicable to the offer, purchase or sale of the Bonds or to the holding and distribution of any materials relating thereto.