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We are providing this information on the basis that you are a potential counterparty acting at arm’s length. The type of information described in this document may not be suitable for you. Please take your own independent professional advice in order to assess if this type of transaction is appropriate for you given your circumstances and objectives. We are not acting as your financial, legal, tax or other adviser or in any fiduciary capacity, and this document does not constitute advice, or an offer (of any type), invitation to offer or recommendation, to you. If after making your own assessment you independently decide you would like to pursue a specific transaction with us there will be separate offering or other legal documentation the terms of which will (if agreed) supersede any indicative and summary terms contained in this document. We therefore do not accept any liability for any direct, consequential or other loss arising from reliance on this document. Please note that: (a) we are making no representation as to the performance of any financial instrument or economic measure. Assumptions, opinions and estimates expressed constitute our judgment as of the date of this material and are subject to change without notice. (b) we are dealing with you on a principal to principal basis and do not accept any responsibility for any dealings, including on-selling, between you and any third parties; (c) we make no representation as to the completeness of accuracy of the information contained in this document; and (d) you may not distribute this document, in whole or part, without our express written permission. (e)The terms and conditions set forth herein are indicative and subject to change based on market conditions. This is not an offer, or the solicitation of an offer, to buy or to sell any of the securities referred to herein.