Common use of Introduction and warnings Clause in Contracts

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 December 2015, as supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland ("Public Offer") (general consent). offer period for resale by financial intermediaries/ The subsequent resale and final placing of the Securities by financial intermediaries may take place during the period of validity of the Base Prospectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictions. statement that information about the terms and conditions of the offer made by a financial intermediary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 December 2015, as supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ prospectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries may take place during the period of validity of the Base Prospectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictions. statement that information about the terms and conditions of the offer made by a financial intermediary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016, 10 June 2016, 28 June 2016 and 23 August 2016 and as supplemented further supplement- ed (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016 and 10 June 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, and as further supplemented (the "Base Prospectus" or the "ProspectusPro- spectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016 and 20 April 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetzMertpapierprospehtφesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information about the terms and conditions of the offer made by a financial intermediary must be made available by the latter in- If the offer for the purchase of the Securities is made by a financial formation about intermediary, the information about the terms and conditions of the the terms and offer must be made available by the respective financial intermediary conditions of the offer made by a at the time the offer is made.. financial interme- diary must be made available by the latter

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016 and 1 March 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016 and 6 April 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetzMertpapierprospehtφesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information about the terms and conditions of the offer made by a financial intermediary must be made available by the latter in- If the offer for the purchase of the Securities is made by a financial formation about intermediary, the information about the terms and conditions of the the terms and offer must be made available by the respective financial intermediary conditions of the offer made by a at the time the offer is made.. financial interme- diary must be made available by the latter

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016, 10 June 2016 and 28 June 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016, 10 June 2016, 28 June 2016 and 23 August 2016 and as supplemented further supplement- ed (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 dat- ed 2 December 2015, as supplemented supplemented, (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information incorporated by reference together with any supplements supple- ments and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including in- cluding any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus in accordance with section 9 of the German Securities Prospectus Pro- spectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential poten- tial investors only together with all supplements published up to the linked time of such provision and (ii) that, in making use of the Base Prospectus Prospec- tus and the Final Terms, the financial intermediary ensures that it complies com- plies with all applicable laws and legal requirements in force in the respective re- spective jurisdictions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary intermedi- ary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015, as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016 and 10 June 2016 and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- linked vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016, 10 June 2016 and 28 June 2016 and as further supplemented (the "Base ProspectusPro- spectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetzMertpapierprospehtφesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information about the terms and conditions of the offer made by a financial intermediary must be made available by the latter in- If the offer for the purchase of the Securities is made by a financial formation about intermediary, the information about the terms and conditions of the the terms and conditions of the offer made by a offer must be made available by the respective financial intermediary at the time the offer is made.. financial interme- diary must be made available by the latter

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016 and 20 April 2016, 10 June 2016 and 28 June 2016 and as further supplemented (the "Base ProspectusPro- spectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016 and 1 March 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016, 6 April 2016, 20 April 2016, 10 June 2016, 28 June 2016 and 23 August 2016 and as supplemented further supplement- ed (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015, as supplemented supplemented, (the "Base Prospectus" or the "ProspectusPro- spectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictions. jurisdic- statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter tions. If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015 as supplemented by the supplement dated 16 December 2015, 1 February 2016, 1 March 2016 and 6 April 2016, and as further supplemented (the "Base Prospectus" or the "Prospectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (WertpapierprospektgesetztÉêíé~éáÉêéêçëéÉâíÖÉëÉíò, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictionsjurisdic- tions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.

Introduction and warnings. A.1 Warnings The summary should be read as introduction to the base prospectus dated 1 2 December 2015, as supplemented by the supplement dated 16 December 2015, and as further supplemented (the "Base Prospectus" or the "ProspectusPro- spectus"). Any decision to invest in the securities (the "Securities") should be based on a consideration of the Base Prospectus as a whole, including the information in- formation incorporated by reference together with any supplements and the Final Terms published in connection with the issue of the Securities. In the event that claims relating to the information contained in the Base Prospectus are brought before a court, the plaintiff investor might, under the national legislation of the states of the European Economic Area, have to bear the costs of translating the Base Prospectus before the legal proceedings pro- ceedings are initiated. Vontobel Financial Products GmbH (the "Issuer"), Bank Vontobel Europe AG (the "Offeror") and Vontobel Holding AG (the "Guarantor") have assumed as- sumed responsibility for this summary including any translation thereof. Vontobel Holding AG, however, has assumed responsibility only with respect re- spect to the information relating to itself and to the guarantee (the "Guarantee"). Those persons which have assumed responsibility for this summary including includ- ing any translation thereof, or persons responsible for the issue, can be held liable, but only in the event that the summary including any translation transla- tion thereof is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or if, when read together with the other parts of the Base Prospectus, it does not provide all the key information required. A.2 Consent to the use of the prospectus/ pro- spectus The Issuer and the Offeror consent to the use of the Base Prospectus for a public offer of the Securities in Finland Sweden ("Public Offer") (general consentcon- sent). offer period for resale by financial intermediaries/ intermediaries The subsequent resale and final placing of the Securities by financial intermediaries in- termediaries may take place during the period of validity of the Base Prospectus Pro- spectus in accordance with section 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, "WpPG"). conditions to which consent is linked/ linked This consent by the Issuer and the Offeror is subject to the conditions (i) that the Base Prospectus and the Final Terms are provided to potential investors in- vestors only together with all supplements published up to the time of such provision and (ii) that, in making use of the Base Prospectus and the Final Terms, the financial intermediary ensures that it complies with all applicable laws and legal requirements in force in the respective jurisdictions. statement that information in- formation about the terms and conditions of the offer made by a financial intermediary interme- diary must be made available by the latter applicable laws and legal requirements in force in the respective jurisdic- tions. If the offer for the purchase of the Securities is made by a financial intermediary, the information about the terms and conditions of the offer must be made available by the respective financial intermediary at the time the offer is made.