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ClearMacro Ltd. is not a registered investment advisor and the general information, recommendations and other materials contained in its software, research and reports are for information purposes only and should not be considered as an offer or solicitation to sell or buy securities or other financial instruments or products, nor to constitute any advice or recommendation with respect to such securities or financial instruments or products.

ClearMacro’s software, research and reports have been prepared without regard to the circumstances and objectives of those who receive it, and do not provide individually tailored investment advice. ClearMacro Ltd. does not accept any liability for what is written in its research and reports, or for any actions that occur because of the information contained in its software, research and reports.

ClearMacro Ltd. Software, research and reports are provided to its clients through its website [www.clearmacro.com] and are also distributed electronically. ClearMacro Ltd. relies on a variety of data providers for economic and financial market information. The data used are judged to be reliable, but ClearMacro. cannot be held accountable for the accuracy of data used herein. ClearMacro Ltd., its directors, officers, employees or contractors may have some financial interest in any or related securities mentioned in its software, research and reports.

This document and all software, research and reports is the property of ClearMacro Ltd. and should not be circulated without the express authorisation of ClearMacro Ltd. Any use of software, graphs, text or other material from ClearMacro Ltd and used by the recipient must acknowledge ClearMacro Ltd. as the source and requires express written permission in advance.