※Taiwan Futures Exchange Corporation Trading Rules for MSCI Taiwan Stock Index Futures Contract
※TAIWAN FUTURES EXCHANGE MSCI Taiwan Index Futures Operational Plan

The Contract is not sponsored, endorsed, sold or promoted by Morgan Stanley Capital International Inc. (“MSCI”), any affiliate of MSCI or any other party involved in, or related to, making or compiling any Indexes (the “MSCI Parties”). The Contract has not been passed on by any of the MSCI Parties as to their legality or suitability with respect to any person or entity. None of the MSCI Parties guarantees the originality, accuracy and/or completeness of the underlying index or any data included therein. None of the MSCI Parties makes any express or implied warranties, and expressly disclaim all warranties of merchantability and fitness for a particular purpose or use with respect to the Contract, the underlying index or any data included therein. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages, claims, losses or expenses relating to any futures or options contracts or the underlying index, including, without limitation, any such damages, claims, losses or expenses caused by any errors or delays in calculating or disseminating the underlying index. None of the MSCI parties has any obligation to take the needs of the issuers of the Contracts, the owners of the Contracts or the Exchange into consideration in determining, composing or calculating the Indexes. None of the MSCI Parties is responsible for or have participated in the determination of the timing of, prices at, or quantities of the Contracts to be issued or in the determination or calculation of the equation by which the Contracts are settled.