NOTICE TO KIB ACCOUNT HOLDERS REGARDING FOREIGN ACCOUNT TAX COMPLIANCE ACT- FATCA

Dear Client

Please be advised that KIB is fully compliant with the requirements of the U.S Foreign Account Tax Compliance Act (FATCA) and its mandatory implementing regulations, guidance and agreements. The express terms and conditions of FATCA require KIB to undertake, among other requirements, the following:

1. Determine whether any KIB account holder is considered a U.S person. An individual or entity is considered a U.S person if any of the following criteria are satisfied:

. The individual holds a U.S passport or Green Card.

. The individual was born, or resides, in the United States.

. The individual maintains a U.S address, a U.S telephone number, a U.S postal address, or engage in U.S activities.

. The individual is considered under U.S law to be U.S person based upon extended periods of residence in the U.S.A or for any other reason.

. The entity is a U.S corporation or partnership.

. The entity is an estate of a U.S person.

. The entity is a trust, if a U.S court can exercise primary jurisdiction and one or more U.S persons have the authority to control all substantial decisions of the trust.

. The account holder has given standing instructions to transfer funds to an account in the U.S.A.

. The account holder has appointed an attorney on the account whose address is in the U.S.A.

2. For this purpose, KIB is bound to review, evaluate, and update data (Know Your Customer information) regarding each account holder. If any of the above indicia are found, the account holder must, within a specified period, provide KIB with information and documents confirming whether the account holder is subject to U.S tax or not. In order to implement the above, the identity of the account holder as well as the beneficial owner thereof shall be taken into consideration.
3. Account holders who are subject to FATCA are required to waive bank secrecy protection in favor of the U.S tax authorities and authorize KIB to disclose account and other related information to the U.S tax authorities.
4. Accounts maintained by a U.S person or entities, including foreign entities, in which a U.S person owns more than a 10 percent interest by vote or value, are also subject to an annual report to the U.S tax authorities.

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