fairvesta response to AMF press release dated 21 July 2011

In principle, fairvesta supports the general AMF recommendations for fairvesta and confirms the importance of investors obtaining comprehensive information before making a capital investment. In principle, no investments should be made until all information has been made available in the local language. The opportunities and risks must be weighed up for each investment, including investments in property, so that adequate diversification can be ensured. When brokering property investments, the corresponding laws must be adhered to by both the service provider and the sales department. The various investment opportunities at fairvesta are subject to a number of laws and special conditions need to be met before they can be marketed. As mentioned above, the following distinction must be made:
fairvesta response to AMF press release dated 21 July 2011

Direct property investments or investments in property companies such as Mercatus, Lumis or Chronos, are subject to the „Loi HOGUET“, as has been explicitly confirmed by the French Ministry of Justice. Such investments may thus only be offered and sold by accredited property brokers. Property investments in Mercatus, Chronos and Lumis are not financial instruments in the traditional sense of the word, which in France must be approved by the AMF supervisory authorities. It is also irrelevant whether the fairvesta prospectus has been approved by BAFIN in Germany.

fairvesta has had proven success in the market with these products for a period of more than 9 years.
Indirect investment such as fairvesta Maximus Bonds from fairvesta Europe AG Liechtenstein may only be offered by financial brokers accredited by the CMF. fairvesta Maximus Bonds are approved in Liechtenstein, Austria, Italy, Germany, Belgium, Luxembourg, the Netherlands and France and have been registered with the relevant financial market authorities. See: http://www.amf-france.org/DocDoif/rdd/CertificatPdf/2010/2010-0177.pdf. The fairvesta Maximums Bonds products are subject to monitoring by the relevant supervisory authorities such as the FMA Liechtenstein, which is active in the same capacity as AMF France. Detailed information may be obtained from: http://www.fairvesta-europe.ag/default.asp?sprachenID=11.

Even when the various fairvesta products offered, such as fairvesta II, have brought investors returns of 12.37% p.a. during the period from 2005 to 2010, i.e. during the time of the financial crisis, and when they thus have met with proven success in the past, there are no guarantees for the future, as is the case with many other products. Opportunities are always balanced by risks. Fairvesta supports all forms of transparency and all guidelines of the European consumer protection laws, as well as the laws governing consumer protection in force in France. By operating its own training academy in Tübingen, financial intermediaries and property brokers accredited in France can receive further training. Special attention is paid to the risks of investments and to legal stipulations with regard to marketing them.

As an accredited training institution in consultation with the state-run Duale Hochschule Mannheim, (http://www.dhbw-mannheim.de/duale-partner/partner-datenbank/), fairvesta places great emphasis on qualifications. As all property products offered by fairvesta are deemed to be non-self-explanatory investments, fairvesta itself does not undertake active marketing and even accredited brokers may not market fairvesta, but only offer the products to a select number of clients within the framework of a comprehensive consulting service. Fairvesta distances itself from all advertising statements, internet entries or other declarations made by brokers, unless these form part of the official documentation published by fairvesta and are identical to the content thereof. No broker is entitled to advertise fairvesta independently, irrespective of the type of marketing techniques used, or actively to offer fairvesta products or property investments.

Fairvesta places great emphasis on ensuring that only investors who have been thoroughly informed about all risks and opportunities and can be deemed to have an understanding of the fairvesta products should invest in them. As an investor, you should ensure that the broker you use is reputable and that he has the required accreditation that entitles him to broker the products he offers. It goes without saying for us that each investor should receive all documentation in his local language in good time, i.e. several days before making his investment, so that he has sufficient time to obtain third-party advice if required. Where it should come to the notice of fairvesta that a broker does not adhere to these specifications, appropriate steps will be taken without delay. In Germany, the fairvesta group of companies is one of the most successful property companies, with more than 400 million euros of debt- and liability-free property. The fairvesta group includes subsidiaries as approved financial intermediaries and asset management companies.
Hermann Geiger Vorstand fairvesta Group AG
Die fairvesta Gruppe ist ein internationales Immobilien- und Beteiligungsunternehmen. Sitz des Unternehmens ist Tübingen. fairvesta ist spezialisiert auf den Handel mit hochwertigen Wohn- und Gewerbeimmobilien und hat sich seit Gründung im Jahre 2002 zu einem der führenden Anbieter im Segment geschlossener Immobilienfonds entwickelt. Bis Juni 2011 wurden bereits elf Fonds mit einem Zeichnungsvolumen von 400 Mio. Euro erfolgreich platziert und realisiert. Die bisher erwirtschaftete Rendite lag im Durchschnitt deutlich im zweistelligen Bereich.

fairvesta Group AG
Andreas Jamin
Konrad-Adenauer-Str. 15
72072 Tübingen
info@fairvesta.de
07071-3665-100
http://www.fairvesta.de