Effective 10 October 2008, the United States Securities and Exchange Commission made it possible for U.S. depository institutions or banks to establish ADR programs in respect of the shares of certain non-U.S. issuers without the consent or participation of such issuers (the so called "Unsponsored ADRs"). An ADR or American Depositary Receipt is a negotiable receipt, similar to a stock certificate, which is issued by a U.S. bank or depository to evidence a share of a non-U.S. issuer that has been deposited with the U.S. bank or depository. An Unsponsored ADR program is set up without the cooperation from the non-U.S. issuer or even without its consent. lastminute.com NV does not support or encourage the creation of Unsponsored ADR programs in respect of its securities and, in any event, disclaims any liability in connection with an Unsponsored ADR.
lastminute.com NV makes no representation to any U.S. bank or depositary regarding its compliance with Rule 12g3-2(b), and any such bank or depository must rely solely on its own analysis in relation thereto.