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United Arab Emirates (DIFC): This information is being distributed in the Dubai International Financial Centre by, and is attributable to, Klay Capital Limited (“Klay DIFC”), which is regulated by the Dubai Financial Services Authority (“DFSA”) and has its offices at Gate Village, Building 6, Level 3, Office 306, Dubai International Financial Centre, PO Box 9637, Dubai, United Arab Emirates. This information has not been reviewed by the DFSA. This information is intended for use only by Professional Clients and is not directed at Retail Clients as defined by the DFSA Rulebook. Klay DIFC is authorised in the DIFC to provide financial services only to clients who qualify as Professional Clients and Market Counterparties and not to Retail Clients. For residents of the United Arab Emirates (“UAE”) Klay DIFC does not provide financial analysis or consultation services in or into the UAE within the meaning of UAE Securities and Commodities Authority Decision No. 48/r of 2008 concerning financial consultation and financial analysis.

The information hereto is being distributed for general information only. It is not and does not constitute research material, independent research, an offer, recommendation or solicitation to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments. This information is for general evaluation only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and it has not been prepared for any particular person or class of persons. You should not rely on any contents in making any investment decisions. Before making any investment, you should carefully read the relevant offering documents and seek independent legal, tax and regulatory advice. In particular, we recommend you to seek advice regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before you make a commitment to purchase the investment product. Opinions, projections and estimates are solely those of Klay Group at the date of this information and subject to change without notice. Past performance is not indicative of future results and no representation or warranty is made regarding future performance. Any forecast contained herein as to likely future movements in rates or prices or likely future events or occurrences constitutes an opinion only and is not indicative of actual future movements in rates or prices or actual future events or occurrences (as the case may be). None of the analysts who prepared this information or their close related persons have material interest in the investments referred herein. Neither Klay Group nor any of its affiliates has a shareholding in any of the securities recommended herein. Neither Klay Group nor any of its affiliates acts as corporate broker, market maker, or has any commercial relationship with any of the issuers of securities in the material published, and none of the issuers of securities in this material has any shareholding in Klay Group or any of its affiliates.

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