Disclaimers

By accessing this website, you confirm that you acknowledge the following disclaimers and agree to Receipts Depositary Corporation’s (“RDC”) Terms of Use and Privacy Policy.

The information provided herein is intended solely for investors who meet the requirements set forth in any terms and conditions of the applicable products, and who are (a) located in the United States or (b) located in a jurisdiction where access to and use of such information by such investor, and such investor engaging in any transactions in the applicable products, would not cause such investor, RDC or any other person to be in violation of the applicable laws of such jurisdiction.

No state or federal securities commission or regulatory authority has approved, disapproved, endorsed or recommended any securities or products described on this website, or any of the terms or conditions thereof, or confirmed the accuracy or adequacy of any information or statements on this website or in any other document relating to the securities or products described on this website. Any representation to the contrary is unlawful. In making an investment decision, you must rely on your own examination of RDC and any applicable securities or products, including any risks involved, considering your own investment objectives and risk tolerance. No material contained on this website is intended to or shall constitute a recommendation to invest in any securities or products, any other investment advice or any legal or tax advice. You are encouraged to consult your own independent investment, legal and tax advisers, including with respect to any applicable investor qualification requirements and your eligibility to invest in any applicable security or product. Nothing on this website purports to describe all of the terms and conditions of any security or product and you should review any such terms and conditions in their entirety, including any risk factors described therein, before making any investment decision. The information on this website is qualified in its entirety by reference to such terms and conditions.

None of the securities or products described on this website have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any jurisdiction, and may not be offered, sold, pledged or otherwise transferred or delivered except pursuant to an applicable exemption from, or an effective registration statement under, the Securities Act and the applicable securities laws of each other applicable jurisdiction. The securities or products described on this website are also subject to additional restrictions on transfer and resale as described in the terms and conditions thereof. You may be required to bear the financial risks of any investment in such securities or products for an indefinite period of time and such investment may lose some or all of its value. No material contained on this website constitutes, or may be used in connection with, an offer to sell, or a solicitation of an offer to buy, any securities (1) unless otherwise expressly provided in such materials or (2) to any person in any jurisdiction in which any such offer or solicitation would be unlawful.

Investments in the securities or DR products described on this website are speculative, and involve a high degree of risk, including the risk of partial or total loss of any amounts invested therein. Before making any investment decision, a prospective investor should consider all investment risks, and carefully review and consider the risk factors included in the Master Receipt terms and conditions of any applicable security or DR product.

Materials contained on this website are intended to provide a limited overview of RDC and certain investment products it has developed or intends to develop. The information in such materials may apply only to certain RDC products or to products RDC intends to develop, and not to other products, and may not reflect changes in products that may be implemented from time to time. RDC does not undertake to update any information on this website to the extent it may become inaccurate at any time.

Certain materials contained on this website may include information or statements relating to potential future events that constitute “forward-looking statements,” which may be based on assumptions or expectations that prove incorrect. Such forward-looking statements should not be unduly relied upon. Past performance of any investment may not accurately predict the future results of the same or any other investment. Unless otherwise expressly stated by RDC, no other person has been authorized by RDC to provide any information on RDC’s behalf or otherwise relating to RDC or any securities or products. Unless otherwise expressly provided, no information or statements in any materials contained on this website are intended to be a “prospectus” under any applicable law.

RDC does not operate or hold itself out as a bank or broker or dealer or investment adviser and is not licensed as a bank or broker or dealer or investment adviser in any jurisdiction or country. We suggest that you consult a licensed bank or broker-dealer and/or investment adviser before engaging in or refraining from any investment-related course of action. This website is for informational purposes only, is general in nature, and does not constitute financial advice. RDC disclaims any liability for loss, damage, cost, or other expense that you might incur because of any information provided on this website.