The website of Finanziaria Tosinvest S.p.A. (hereinafter, respectively, the “Site” and “Finanziaria Tosinvest”) available at www.finanziariatosinvest.it, uses some cookies with respect to users. Through this policy, Finanziaria Tosinvest informs the user about the cookies installed by the Site, their characteristics, and the related management methods. For cookies installed on other websites accessible through the Site, users are invited to consult the respective cookie policies.

WHAT ARE COOKIES

Cookies are small text files (usually consisting of letters and numbers) that are saved on the device used by the user (computer, tablet, mobile phone, or other mobile device) and examined every time the user accesses the Site. Cookies technically make it possible to record, for a certain period of time (variable depending on the duration of use), useful information to ensure that the Site is easy to use and effective, as well as to understand how the user uses the Site and the preferences they have shown. There are different types of cookies: a) based on the duration of their use,

• • session cookies, which are automatically removed at the end of the browser session; and

• • persistent cookies, which remain stored on the user’s device even after the browser session ends;

b) based on the entity that installs them on the user’s device,

• • first-party cookies (or proprietary), which are installed by the website the user is visiting; and

• • third-party cookies, which are installed by a website different from the one the user is visiting.

PREFERENCE, STATISTICAL, AND MARKETING COOKIES: USER CONSENT

The Site uses preference, statistical, and marketing cookies (see below for definitions). Preference cookies are used to store the preferences expressed by the user regarding a requested service linked to the pages of a website. Since the provision of such service is requested by the user, preference cookies do not require the user’s consent. Statistical and marketing cookies, however, operate only with the user’s consent. This consent can be given or denied by the user during their first visit to the site, following the instructions provided in the appropriate banner. On subsequent visits to the Site, the user can also revoke the consent previously granted for the use of such cookies. To do so, the user can use the dedicated cookie management page http://www.finanziariatosinvest.it/cookie-policy/

FUNCTIONALITY COOKIES

These cookies allow users to use third-party programs and features available on the Site. They do not require users’ consent as they are installed to provide services requested by the users themselves. The Site uses Google Maps cookies to allow the user to use the map in the “Contacts” section of the Site.

COOKIES AND BROWSER OPTIONS

Users are advised that by changing the settings of the browser they use, they can always delete cookies that have already been installed and choose not to accept new ones. The procedures to follow to change these settings are different for each type of browser and operating system. Here are the links to cookie settings for the most popular browsers:

• • Google Chrome: https://support.google.com/chrome/answer/95647?hl=en;

• • Mozilla Firefox: https://support.mozilla.org/en-US/kb/enable-and-disable-cookies-website-preferences;

• • Safari: https://support.apple.com/en-us/HT201265 (for iPhone, iPad, and iPod Touch) https://support.apple.com/en-us/guide/safari/sfri11471/mac (for MacBook);

• • Windows Internet Explorer: https://support.microsoft.com/en-us/help/17442/windows-internet-explorer-delete-manage-cookies;

• • Windows Microsoft Edge: https://privacy.microsoft.com/en-us/windows-10-microsoft-edge-and-privacy.

Users can find more information about the main cookies used on the internet (statistical and marketing) and how to uninstall them by visiting the Network Advertising Initiative opt-out page, the Digital Advertising Alliance opt-out page, or the website http://youronlinechoices.eu.

COOKIES USED BY THE SITE

When the user visits the Site, the Site itself and third-party websites install some cookies on the user’s device. Preference cookies These session or persistent cookies (though lasting only slightly longer than the session) are used to store the preferences expressed by the user regarding a service requested by the user and linked to the pages of a website. Since the provision of such services is requested by the user, they do not require consent. The effect of these cookies is to store, at the user’s express request, certain preferences expressed by the user about the operation or layout of the Site (for example, the language used on the Site, or the position of certain icons on the Site’s pages). Here are the preference cookies that are installed when visiting the Site:

Name	Source Website	Purpose	Expiration
_icl_current_language	finanziariatosinvest.it	Saves the user’s preferred language on the website	1 day

Statistical cookies These cookies are used to collect aggregated statistical information on the number of users visiting the Site and how they interact with the Site. For example, they allow knowing which pages are most and least visited, how much time users spend on the Site, and which keywords are most used by users on search engines to reach the Site. Here are the statistical cookies installed when visiting the Site:

Name	Source Website	Purpose	Expiration
__utm.gif	google-analytics.com	This cookie is used to determine which type of device or browser the visitor is using; this allows the site formatting to be adjusted accordingly Privacy policy: https://policies.google.com/privacy Cookie policy: https://policies.google.com/technologies/cookies?hl=en Google Analytics opt-out: https://tools.google.com/dlpage/gaoptout	Session
__utma	finanziariatosinvest.it	Collects data on how many times a user has visited the website, as well as information about the first and most recent visit. Used by Google Analytics	2 years
__utmb	finanziariatosinvest.it	Records a timestamp of the exact time the user accessed the site. Used by Google Analytics to calculate the duration of a website visit	1 day
__utmc	finanziariatosinvest.it	Same as above	Session
__utmt	finanziariatosinvest.it	Used to throttle request rate	1 day
__utmv	finanziariatosinvest.it	Saves user tracking parameters to be used in Google Analytics	1 day
__utmz	finanziariatosinvest.it	Collects data on the user’s origin, the search engine used, the clicked link, and the search term used. Used by Google Analytics	6 months

Marketing cookies These cookies are used to analyze visitors’ preferences while browsing the web. They ensure that users are shown tailored advertisements during their navigation on the Site and other websites based on the preferences they have shown. Here are the marketing cookies that are installed – with the user’s consent – when visiting the Site:

Name	Source Website	Purpose	Expiration
NID	google.com	Stores a unique ID that identifies the user’s returning device on the site. The ID is used for targeted advertisements Privacy policy: https://policies.google.com/privacy Cookie policy and cookie management: https://policies.google.com/technologies/cookies?hl=en	6 months

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