Tax Matrix

The Tax Matrix provides customers using Clearstream's ICSD services with a high-level overview of applicable tax rates and documents to be submitted to Clearstream Banking for the obtention of relief at source from, or refund of, taxes applied to securities deposited in Clearstream Banking.

It is not designed to give comprehensive information concerning all taxation issues relating to securities held with Clearstream Banking, including those mentioned in this document, nor to give exhaustive information on tax relief available by virtue of domestic or international law. It does not constitute legal or tax advice.

The Tax Matrix is located in the Information Centre, and can be used by:

• commercial officers and custody and settlement managers wishing to have an overview of the tax services provided for which their clients may be eligible

• custody and settlement staff who need to refer to the detail of tax procedures in order for them to be applied smoothly

• internal tax counsels who may be called upon by their colleagues for assistance in the use of the tax services for the benefit of their clients.

As new tax information and procedures are made available and the existing services improved, the Tax Matrix will be updated and customers notified accordingly.