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Disclaimers

Information relating to any company or security is for information purposes only and should not be interpreted as a solicitation to buy or sell any security or to make any investment.

The Information in this communication has been compiled from sources believed to be reliable but it has not been independently verified. No representation is made as to its accuracy or completeness, no reliance should be placed on it and no liability is accepted for any loss arising from reliance on it.

All expressions of opinion are subject to change without notice. Opinion may be personal to the author and may not reflect the opinions of Landsbanki Securities (UK) Limited.

Landsbanki Securities (UK) Limited does not produce investment research that would be regarded as impartial within FSA rule COB 7.16. Please see our website for disclosures of relationships and other material disclosures and our policy relating to equity research. This policy only covers research communicated by persons described in the communication as analysts. Communications from either sales persons or sales traders or anyone else should not be regarded as investment research.

Registered office: Landsbanki Securities (UK) Limited, Beaufort House, 15, St Botolph Street, London EC3A 7QR. Registered in England and Wales No. 3019293.

Authorised and regulated by the Financial Services Authority, and entered in its Register under Firm Reference Number: 186677. Member of the London Stock Exchange plc.

Landsbanki Islands hf. is authorised by Fjarmalaeftirlitid in Iceland and the Financial Services Authority and is regulated by the Financial Services Authority for the conduct of UK business and is entered in the Financial Services Authority’s register under Firm Reference Number 207250. The London Branch is registered in England and Wales under number BR008311. Landsbanki Islands hf is incorporated in Iceland with Limited Liability.