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Notification on non-independent investment research

General

Please note that the contents of this website are not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution or use would be unlawful or otherwise attract for Saxo Bank A/S, its owners, subsidiaries (including Saxo Capital Markets Pte. Ltd.), affiliates or employees of the same (collectively “Saxo Bank Group”) additional regulatory or business or tax presence compliance requirements in those countries in addition to countries the Saxo Bank Group operates in that the Saxo Bank Group does not already comply with. It is your responsibility to ascertain the terms of access and usage of the contents in this website comply with the local laws and regulations that you are subject to. In particular, this information is not directed at or intended for “US Persons” within the meaning of the United States Securities Act of 1993, as amended and the United States Securities Exchange Act of 1934, as amended.

Non-Independent Investment Research

Any information which could be construed as investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further it is not subject to any prohibition on dealing ahead of the dissemination of such information. The Saxo Bank Group, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein.

Forward-Looking Statements

Where there are statements contained in this website which are not historical facts, such statements could be data obtained as a result of simulated past performance or future performance based on current expectations, estimates, projections, opinions and beliefs of members of the Saxo Bank Group. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this website may contain 'forward-looking statements'. Actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. None of any opinions that may be inferred from the contents of this website is intended to be relied upon as advice or recommendation of any action.

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