D. EXPRESS CONSENT LETTER IMPORTANT INFORMATION - RESPONSE REQUIRED

							                                                Registered        Themistokli Dervi, 5, Elenion   Tel: +357 22555800
                                                address:          Building, 2nd Floor, P.C.       Fax: +357 22555 803/4
                                                                  1066, Nicosia, Cyprus
                                                Administration    Dimostheni Severi 6,            Tel: +357 22 681988
                                                office:           Kastellorizo Presidium,         Fax: +357 22 681505
                                                                  3rd floor, CY-1080 Nicosia
                                      D. EXPRESS CONSENT LETTER

                        IMPORTANT INFORMATION - RESPONSE REQUIRED

This communication concerns the Markets in Financial Instruments Directive (“MiFID”) and how it
affects our relationship with you as a client of Alfa Capital Holdings (Cyprus) Ltd.
The Cyprus Securities and Exchange Commission has introduced a regulation based on the MiFID
requirements which requires us to obtain your consent to certain aspects of our work with you.

PLEASE NOTE THAT IF WE DO NOT GET YOUR RESPONSE WITH IN ONE MONTH FROM
THE DAY YOU RECEIVE OUR TERMS OF BUSINESS WE WILL NOT BE ABLE TO CARRY
OUT ANY TRANSACTIONS IN RELATION TO THE ASPECTS STATED BELOW
To meet our obligations under MiFID, we are required to obtain your prior express consent on the following
specific situations:

             Your consent to your categorization as a Professional client

           Your consent for us to use our discretion in executing your orders outside a Regulated Market or
        a Multilateral Trading Facility

           Your consent for not making public your limit orders in case these are not executed immediately
        under the prevailing market conditions

             Your consent to continue communications with us by e-mail

Organization

Name:

Position:

Signature:

Date:

Please sign and return this letter either:
   • By post to:      Compliance Department
                      Alfa Capital Holdings (Cyprus) Ltd
                      6 D. Severis Av.,
                      Nicosia 1080
                       Cyprus
   • By fax to +357 22681505
   • Send scanned copy to dhadjisavvas@alfacapital.com.cy confirming your consent.

If you have any questions please do not hesitate to contact us on +357 22681988




                  Registered by the Cyprus Securities and Exchange Commission under number: CIF025/04
                                      Registered in Cyprus under number: 78416