in the FCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined in Regulation (EU) 
600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MiFIR"); and (ii) 
all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any 
person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the 
manufacturers' target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and 
Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its own target 
market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) 
and determining appropriate distribution channels. 
PROHIBITION OF SALES TO EEA RETAIL INVESTORS 
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or 
otherwise made available to any retail investor in the European Economic Area (the "EEA"). For these purposes, a retail 
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of 
Directive (EU) 2014/65 (as amended, "MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97 as 
amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of 
MiFID II or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of 
the Council of June 14, 2017 (as amended, the "Prospectus Regulation"). Consequently, no key information document 
required by Regulation (EU) 1286/2014 (as amended or superseded, the "PRIIPs Regulation") for offering or selling the 
Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or 
selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs 
Regulation. 
PROHIBITION OF SALES TO UK RETAIL INVESTORS 
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or 
otherwise made available to any retail investor in the United Kingdom (the "UK"). For these purposes, a retail investor 
means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive (EU) 
2014/65 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a 
customer within the meaning of the provisions of the Financial Services and Markets Act 2000 ("FSMA") and any rules or 
regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a 
professional client, as defined in point (8) of Article 2(1) of Regulation (EU) 600/2014 as it forms part of domestic 
law by virtue of the EUWA. 
Consequently, no key information document required by Regulation (EU) 1286/2014 as it forms part of domestic law by 
virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to 
retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them 
available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-21 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Adler Group S.A. 
              1B Heienhaff 
              1736 Senningerberg 
              Luxemburg 
Phone:        +352 278 456 710 
Fax:          +352 203 015 00 
E-mail:       investorrelations@adler-group.com 
Internet:     www.adler-group.com 
ISIN:         LU1250154413 
WKN:          A14U78 
Indices:      SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany 
              Index 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX 
EQS News ID:  1186897 
 
End of News   DGAP News Service 
=------------

1186897 2021-04-21


 
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(END) Dow Jones Newswires

April 21, 2021 01:01 ET (05:01 GMT)