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Disclaimer

In the United Kingdom, the information provided on this website is directed only at prospective and existing (i) professional clients and (ii) eligible counterparties (within the meaning of the Financial Services Authority' s Handbook of Rules and Guidance) of Banquo Credit Management LLP ("Banquo"). Any other persons should not access this website.

The information contained on this website contains summary details of Banquo and its investment products. Nothing contained on this website constitutes an offer to sell or solicitation of an offer to buy any securities, units in collective investment schemes or other investment products or forms the basis of any contract or commitment whatsoever. The information on this website is being directed at prospective and existing professional clients/eligible counterparties of Banquo for the purpose of the preliminary evaluation of their potential investment in Banquo's investment products.The information contained on this website is for information purposes only and it does not constitute an offer to acquire any interests in Banquo's investment products. An investor who subsequently acquires interests in Banquo's investment products must rely solely on the terms and conditions, and disclosures in the relevant prospectus for that particular investment product, which will together with the relevant pricing supplement and any supplemental memorandum form the basis for subscriptions of interests in Banquo's investment products. For the avoidance of doubt, Banquo is not offering any interests in securities to any person who is not a qualified investor within the meaning in section 86(1)(a) of the Financial Services and Markets Act 2000 ("FSMA 2000"), or who does not otherwise fall within section 86(1) of FSMA 2000.

Prospective investors should be aware of the underlying risks associated with investing in any of Banquo's investment products. Given economic and market risks associated with investing in Banquo's investment products there can be no assurance that they will achieve their investment objective. The value of investments and the capital or income (as applicable) they generate can go down as well as up, and an investor may not get back some or all of any amount invested. Past performance is not a guarantee of future results. Investors should consult the prospectus of the relevant investment product for more detailed information on the risks of investing in such a product.

Diversification Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. The Issuer has not registered and will not register as an "investment company" under the U.S. Investment Company Act of 1940, as amended (the Investment Company Act). Prospective purchasers are hereby notified that sellers of the Diversification Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A under the Securities Act (Rule 144A). Sales of the Diversification Notes may also be restricted in other jurisdictions

Prospective investors of Banquo's investment products should conduct such independent investigation and analysis regarding the investment products as they deem appropriate to evaluate the merits and risks of investing in Banquo's investment products, as they may not be suitable for all prospective investors. Prospective investors should have sufficient knowledge and experience in financial and business matters, and access to, and knowledge of, appropriate analytical resources, to evaluate the information contained in the terms and conditions and the prospectus relating to a particular investment product together with the relevant pricing supplement and any supplemental memorandum and the merits and risks of investing in a particular investment product in the context of their financial position and circumstances. Neither Banquo nor any of its affiliates accept any responsibility or liability whatsoever for the suitability of an investment product to any prospective investor.

Prospective investors should not construe the contents of this website as providing legal, tax, investment or other advice. If prospective investors are unsure about the meaning of any information provided on this website they should consult their financial, tax or other professional adviser. Information provided on this website does not take into account particular investment objectives, financial situation or investment needs of a prospective investor. Investment products described on this website often have tax consequences; therefore prospective investors should consult their own tax advisers regarding the possible tax consequences of any investment product mentioned on this website.

Some of the information contained on this website may have been prepared from published as well as non-published sources or provided by third parties and may not have been independently verified by Banquo. Banquo hereby excludes any liability arising out of any preparation or provision of such information for the website and makes no warranty as to the suitability or completeness of any such information.

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