Italy

Important information regarding the Russian and Ukraine conflict and the possible effect on your portfolio holdings:

In the event that your Portfolio Bond with SEB Life International contains any fund holdings with underlying exposure to impacted investments or regions, it may be difficult for us to obtain a correct valuation of the fund. A fund may suspend the calculation of its NAV (the price) and subsequently suspend trading in the fund. If this circumstance should arise, during the period when the fund is closed for trading you will not be able to buy or sell fund units which may impact the ability to encash from the policy. For Valuation purposes the company will use the last available price sourced for the asset at the date of suspension. Please note it is possible that any investment type with underlying exposure to impacted investments or regions may also be affected.

SEB Life International has elected to act as Withholding Agent pursuant to Article 26-ter (3) of the Presidential Decree no 600/1973 and will withhold taxes from Partial and Full Encashments and Death Benefit (as applicable).

SEB Life International's license to pursue business in Italy under the EU Third Life Directive on a freedom of services basis is reflected by entry on the IVASS register of insurance undertakings under the IVASS number II.00208.