Insch Kintore

Disclaimer

Insch Kintore Ltd, is a limited liability company registered in Scotland (No: SC638651272) with its registered office at 48 west George St, Glasgow G2 1BP, UK.

The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Certain investments carry a higher degree of risk than others and are, therefore, unsuitable for some investors. Past performance and simulated past performance are not reliable indicators as to future performance. There is no guarantee that targets will be achieved. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related instrument mentioned in this report. Different currency classes may have differing return patterns. Neither Linear nor any of its affiliates, directors, employees, consultants or agents accepts any liability for any loss or damage arising out of the use of all or any part of this material. Prior to contemplating any financial transaction, independent financial advice should be sought.

The information provided is intended only for Eligible Counterparties and Professional Clients as defined by the rules established by the FCA and as set out in the FCA Handbook (COBS 3). No other person should rely or act upon any information contained in this strategy sheet. For the avoidance of doubt, this material is not made to or directed at Retail Clients (as defined by the rules established by the FCA and as set out in the FCA Handbook) and should not be distributed to or relied upon by Retail Clients under any circumstances. This report may not be reproduced or redistributed, in whole or in part, without the written permission of Insch Kintore and Insch Kintore accepts no liability whatsoever for the actions of third parties in this respect.

This report is for distribution only under such circumstances as may be permitted by applicable law. It should not be considered investment advice and has no regard to the specific investment objectives, financial situation or herein and of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, except with respect to information concerning Insch Kintore, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for professional advice or the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups within Insch Kintore as a result of using different assumptions and criteria. Insch Kintore is under no obligation to update or keep current the information contained herein. Insch Kintore, its partners, officers, employees, consultants or clients may have or have had interests or long or short positions in the securities or other financial instruments referred to herein and may at any time make purchases and/or sales in them as principal or agent.

Past performance is not a reliable indicator of future results.