Vontobel Asset Management AG 27 Genferstrasse Zürich

This is an mail from Vontobel on the Pandora Stock (Bull times 8) to explain a spread on above 20 procent. Pandora is not a small Stock and Can be bought everday minium spread. in our Final Terms we do not provide any information about the Bid – Offer Spread. You will only find information about the financing spread. A product with such a low price and large leverage is a risky product for the market maker as well. Therefore, the spread of a product with a low price level is relatively larger compared to a product with a high price level when measured in per cent, to compensate all possible risks which may arise regarding the product.

Biggest crime bank. Deliberately suspends prices in certificate trading when things go against the bank. I'll continue to choose when I pay my bills and at what price in the future, maybe then I'll be just as rich as a Swiss bank. I don't have to care that it's at the expense of others.

Dubious bank, suspends certificate trading when it goes against the bank and the rates are constantly being adjusted in favor of the bank. You have no chance of getting a green branch. I reported the behavior to the trading surveillance office of the Frankfurt Stock Exchange.

Very good bank for clientele in the higher segment. Very good and competent advice and support in all banking matters.

I work in this place ???