DEUTSCHE BOERSE COMMODITIES GMBH DISC CERT 29/12/49(GOLD) 

Xetra-Gold is an exchange-traded security, structured as a bearer note or bond, that allows investors to participate in the performance of the gold price. Each unit of Xetra-Gold grants the investor the right to demand delivery of one gram of physical gold from the issuer. The product is 100% backed by physical gold, which is stored in secure vaults, primarily in Germany. Xetra-Gold is traded in euros per gram on Deutsche Börse AG's fully electronic Xetra trading platform, offering a liquid and transparent investment in gold. Its primary service is providing a cost-efficient means for both institutional and retail investors to gain exposure to the gold market within regulated securities portfolios, without the complexities of directly owning and storing physical gold. The company's industry focus is within financial services, specifically in the precious metals sector, operating as an exchange-traded commodity.