All data provided is from information provided by the Issuer unless otherwise specified. This communication is approved and issued by ARC Partners LLP, trading as ARC Associates. It is intended only for use by market counterparties and professionals as defined in the FCA handbook and when relevant to collective investment schemes eligible under COB’s 4.12. It is also intended for persons who are reasonably believed by ARC Partners LLP to be (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) and within certain subsequent amending orders, or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order and within certain subsequent amending orders, or (c) high net worth Individuals as defined in article 48 or self-certified sophisticated investors as defined in article 50A of the Order and in certain subsequent amending orders (all such persons together being referred to as “relevant persons”). This is not for distribution to retail investors. If you are unsure as to your categorisation we recommend that you seek independent professional advice. This document does not constitute professional advice, or an offer, or a solicitation of an offer, to buy or sell securities. and no securities are to be offered or sold other than to persons whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their businesses, or otherwise in circumstances which have not resulted and will not result in an offer to the public within the meaning of the Financial Services and Markets Act 2000. Past performance is not necessarily a guide to future performance; investments can go down as well as up. Market and currency movements may cause the value of investments and the income from them to fall as well as rise. Unless otherwise stated, the source of all figures contained herein is the Issuer. Whilst all reasonable care has been taken in preparing this communication, the information contained herein has been obtained from sources that we consider reliable, but we do not represent that it is complete or accurate and it should not be relied upon as such, neither ARC Partners LLP, its officers or employees shall be in any way responsible for its content. It is the responsibility of all users to be informed and to observe all applicable laws and regulations of any relevant jurisdiction, and to satisfy themselves that their use of this information and any subsequent investment is permissible under the applicable laws, rules and regulations of any applicable government, governmental agency, or regulatory organisation where they reside. This information is provided on a confidential basis. The recipient is not authorised to disclose it to any third party without ARC Partners LLP prior written approval unless required to do so by law. This document may not be copied or reproduced without ARC Partners LLP written permission.