TERMS AND CONDITIONS

This web site contains material which is proprietary to Charles Street Securities Europe LLP, (“CSS Europe"). Viewers are invited to review the CSS Europe web site (“Web Site”) subject to agreeing to the conditions below:

The contents of the Web Site have no regard to the specific investment objectives, financial situation or particular needs of any specific viewer. This Web Site is published for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Unless specifically stated otherwise, all price information is indicative only. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the contents of the Web Site, nor are the contents a complete statement of the securities, markets or developments referred to herein. The Web Site should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of CSS Europe as a result of using different assumptions and criteria. CSS Europe is not under any obligation to update or keep current the information contained herein.

CSS Europe, its related entities, directors, employees and agents accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of the Web Site. Certain laws and regulations impose liabilities which cannot be disclaimed. This disclaimer shall in no way constitute a waiver or limitation of any rights a person may have under such laws and/or regulations.

CSS Europe, its directors, officers, employees or clients may have or have had interests or long or short positions in the securities and/or currencies referred to herein, and may at any time make purchases and/or sales in them as principal or agent. Furthermore, CSS Europe may have or have had a relationship with or may provide or have provided investment banking, capital markets and/or other services to the relevant companies. Employees of CSS Europe may serve or have served as officers or directors of the relevant companies. CSS Europe may rely on information barriers, such as "Chinese Walls," to control the flow of information contained in one or more areas within CSS Europe into other areas, units, groups or affiliates of CSS Europe.

The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. Private equity investments and certain investments offered by CSS Europe are not suitable for all investors, and these products are considered risky. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any products mentioned in the Materials. Clients wishing to effect transactions should contact a CSS Europe Client Adviser.
 

HIGH NET WORTH INVESTOR STATEMENT

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-readily realisable securities. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me: (i) I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more; (i) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include: (a)·the property which is my primary residence or any money raised through a loan secured on that property;·(b)·any rights of mine under a qualifying contract of insurance; or·(c)·any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.·

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-readily realisable securities.
 

SELF-CERTIFIED SOPHISTICATED INVESTOR STATEMENT

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-readily realisable securities. I understand that this means:
(i) I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-readily realisable securities;·
(ii) The investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.

I am a self-certified sophisticated investor because at least one of the following applies:
(a)·I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below; (b)·I have made more than one investment in an unlisted company in the two years prior to the date below; (c)·I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; (d)·I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-readily realisable securities.