Australia Disclaimer

This general information has been prepared by BTIG Australia Limited (ABN 36 128 554 601, AFSL 320961, Participant of ASX Group Limited) for its wholesale clients only. It does not take into account your personal objectives, financial situation or needs. Before acting on this material, you should consider its appropriateness for your particular personal, obtain a copy of the relevant offer document if applicable, and seek professional advice. This report is intended for informational purposes only.

This report is not intended as an offer or solicitation for the purchase or sale of any financial product. Retail clients must not rely on this document and should note the services of BTIG Australia Ltd are not available to them.

This report was prepared as a private and confidential communication to clients and was not intended for public circulation or publication or for the use of any third party, and may not be copied, reproduced, distributed, published or pass on, in whole or in part at any time, without the prior written approval of BTIG Australia Limited.

Whilst this report is based on information from sources which BTIG Australia Limited considers reliable, its accuracy and completeness cannot be guaranteed. Data are not necessarily audited or independently verified. Any opinions reflect BTIG Australia Limited’s judgment at this date and are subject to change. BTIG Australia Limited has no obligation to provide revised assessments in the event of changed circumstances. Not all clients may receive the above material at the same time. BTIG Australia Limited, its directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this report, or for any negligent misstatements, errors or omissions. Any responsibility or liability is expressly disclaimed.

BTIG Australia Ltd is providing this data for informational purposes, does not purport it to be comprehensive, and does not believe that it is sufficient to base an investment decision on. It is intended for recipients who understand the risks associated with investment. It does not take account of whether an investment, course of action, or associated risks are suitable for the recipient. References to model portfolios shown herein are for illustrative purposes only and should not be relied upon for investment decisions.

BTIG Australia Limited, its affiliated companies, director or employees advise that they and persons associated with them may have an interest in the financial products discussed and that they may receive brokerage, commissions, fees and other benefits and advantages, whether pecuniary or not and whether direct or indirect, in connection with this material.

Past performance is not a reliable indication of future performance. Future returns are not guaranteed and loss of initial capital may occur as prices and value of investments may go down as well as up and be subject to foreign exchange rate fluctuations.

The distribution of the information in jurisdiction outside Australia may be restricted by law and person into whose possession the information come should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of an applicable jurisdiction.

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