This Online Privacy Statement sets forth guidelines concerning how MacroMarkets LLC ("MacroMarkets") gathers and uses personally identifiable information you provide only to us as part of your interaction with the www.MacroMarkets.com and www.MacroShares.com websites (together, the “Site”). This Online Privacy Statement concerns only the Site, and does not concern any other website operated by MacroMarkets or any other website to which the Site may link. Please read this Online Privacy Statement carefully, and consult our Terms and Conditions of Website Use for more information about the general terms and conditions regarding your use of this Site. In the event that you have any questions or concerns about the guidelines set forth in this Online Privacy Statement or how we use information about your interaction with this Site, please contact us at privacy@macromarkets.com. A. The Types of Personally Identifiable Information We Collect About You When you visit and browse the Site, we collect personally identifiable information you provide to us. We may also collect personally identifiable information through technology. 1. We Collect Information You Provide to Us We collect information that you provide to us via the Site. This information may include your name, postal address, e-mail address, age, telephone number. You can chose not to provide this information. 2. We May Also Collect Information Through Technology We may also collect information about you through technology. For example, when you visit this site, we may collect your IP address. (An IP address is often associated with the portal through which you enter the Internet, like your ISP (Internet service provider), your company, or your university.) Standing alone, your IP address is not personally identifiable. At times, we may also use IP addresses to collect information regarding the frequency with which visitors browse various parts of our site. We may combine this information with personally identifiable information. Our website may also use cookies. (Cookies are pieces of information that a website sends to your computer while you are viewing the website.) We and other companies use cookies for a variety of purposes. For instance, when you return to one of our sites after logging in, cookies provide information to the site so that the site will remember who you are. You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your web browser settings. Each browser is a little different, so look at your browser Help menu to learn the correct way to modify your cookies. If you turn cookies off, you won’t have access to many features that may make your browsing of our website smoother, like the features mentioned above, and some of our services may not function properly. Our website may also use other technical methods to track visitor usage. We may also use these technical methods to analyze the traffic patterns on our website, such as the frequency with which our users visit various parts of our website. These technical methods may involve the transmission of information either directly to us or to another party authorized by us to collect information on our behalf. We may also use these technical methods in HTML e-mails that we send visitors to our website to determine whether such visitors have opened those e-mails and/or clicked on links in those e-mails. We may collect the information from use of these technical methods in a form that is personally identifiable. B. How Personally Identifiable Information We Collect About You is Used We may use personally identifiable information we collect from you and about you when you visit and browse our website in many ways. Representative examples of the ways in which we may use personally identifiable information we collect about you when you visit and browse our website are set forth below. 1. Use in Connection with User Interaction We may use personally identifiable information we collect about you when you visit and browse our website to send you administrative communications either about your interactions with us or about features of the Site, including any future changes to the Terms and Conditions associated with access to and use of the Site or this Online Privacy Statement. 2. Use in Connection with Promotional Materials We may use personally identifiable information we collect about you when you visit and browse our website to send you promotional materials about goods and services (including special offers and promotions) either offered by us or by third parties. (By “promotional materials,” we mean communications that directly promote the use of our website, or the purchase of products or services.) We may also share your information with third parties so that these third parties can send you such promotional materials directly. These promotional materials may be sent to you by postal mail, e-mail or other means. We may also share your personally identifiable information with third parties so that they can send you promotional materials about goods and services (including special offers and promotions) offered by them. If we share your personally identifiable information with a third party for this purpose, your personal information will become permanently subject to the information use and sharing practices of the third party, and the third party will not be restricted by this Online Privacy Statement with respect to its use and further sharing of your personal information. 3. Other Uses We may take any personally identifiable information that we collect from you when you visit and browse our website and make it non-personally identifiable, either by combining it with information about other individuals (aggregating your information with information about other individuals), or by removing characteristics (such as your name) that make the information personally identifiable to you (de-personalizing your information). Given the nature of this information, there are no restrictions under the guidelines set forth in this Online Privacy Statement upon our right to aggregate or de-personalize your personal information, and we reserve the right to use and/or share with third parties the resulting non-personally identifiable information in any way. C. Additional Ways Personally Identifiable Information May be Disclosed 1. In Connection With A Sale of All or Part of Our Business At any time, we may sell all or part of our businesses and your personally identifiable information may be transferred as a part of any such sale. In the event that we do sell all or part of our business, we will include provisions in the selling contract requiring the purchaser to treat your personally identifiable information in the same manner required by this Online Privacy Statement (including any amendments to this Online Privacy Statement). 2. As Required By Law, to Enforce Our Terms of Use, or to Protect Your, Our, or a Third Party’s Safety, or Security. We will disclose personal information when it believes in good faith that such disclosures (a) are required by law, including, for example, to comply with a court order or subpoena, or (b) will help to: enforce our terms and conditions of use, including allegations of intellectual property rights infringement; enforce contest, sweepstakes, promotions, and/or game rules; protect your safety or security, including the safety and security of property that belongs to you; and/or, protect the safety and security of our websites, databases, and/or third parties, including the safety and security of tangible and/or intangible property that belongs to us or to third parties. D. The Security Measures We Take to Safeguard Your Personally Identifiable Information The security and confidentiality of your information is extremely important to us. We have implemented technical, administrative, and physical security measures to protect personally identifiable information we collect from unauthorized access and improper use. From time to time, we review our security procedures in order to consider appropriate new technology and methods. Please be aware though that, despite our best efforts, no security measures are perfect or impenetrable. E. Updating Your Contact Information and Opting-Out You can update the contact information you have provided to us or opt-out of receiving communications from us by contacting us at privacy@macromarkets.com. Please include information in the e-mail that will help us identify you so we can assist you with your request. We may also provide you an opportunity to update your contact information and/or modify your opt-out choices by sending you an e-mail or other communication that invites your response. Finally, you may unsubscribe from certain e-mail communications by clicking on unsubscribe links in those e-mails. Please note that it may take up to ninety (90) days for your opt-out/unsubscribe choices to be fully effective. Our systems require time to update, and promotional mailings using personal information shared before your opt-out may already be in process. Thus, you might continue to receive promotional materials from us or a third party based upon the personal information you have provided under this Online Privacy Notice for up to ninety (90) days. For similar reasons, your personal information might continue to be shared with third parties for promotional purposes for up to ninety (90) days. F. Amendments to this Online Privacy Statement These guidelines were adopted with the realization that the Internet is still evolving. Accordingly, this Online Privacy Statement is subject to change. In the event that we materially change the guidelines set forth in this Privacy Statement, we will notify you by sending you an e-mail at the last e-mail address that you provided us, and/or by posting notice of the changes on this Site. Any such changes will be effective upon the earlier of our dispatch of an e-mail notice to you or our posting of notice of the changes on this Site. Please note that, at all times, you are responsible for updating your personal information to provide us your current e-mail address. In the event that the last e-mail address that you have provided us is not valid, or for any other reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice. In any event, changes to this Online Privacy Statement may affect our use of personal information that you provided us prior to our notification to you of the changes. If you do not wish to permit changes in our use of your information, you must notify us prior to the effective date of the changes that you wish to deactivate your account with us. G. Children This website is not intended for children under 16, and we do not knowingly collect personally identifiable information from any children under 13. H. Additional Information for California Residents California Civil Code Section 1798.83 permits California residents to request certain information regarding its disclosure of personal information to third parties for their direct marketing purposes. To make such a request, please send an e-mail to privacy@macromarkets.com.

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