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This material was prepared by Midas Investment Management Ltd or an affiliate. It is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. While based on information believed to be reliable, no guarantee is given that it is accurate or complete and clients should make refer to their own records. 0&EO. While we endeavour to update on a reasonable basis the information and opinions contained herein, there may be regulatory, compliance or other reasons that prevent us from doing so.

The opinions, forecasts, assumptions, estimates, derived valuations and target price(s) contained in this material are as of the date indicated and are subject to change at any time without prior notice. The investments referred to may not be suitable for the specific investment objectives, financial situation or individual needs of recipients and should not be relied upon in substitution for the exercise of independent judgement. Midas may from time to time as an agent, buy or sell securities, warrants, futures, options, derivatives or other financial instruments referred to herein. Midas or its officers, directors, employees, associates, including persons involved in the preparation or issuance of this material, may from time to time have long or short positions in securities, warrants, futures, options, derivatives or other financial instruments referred to in this material. Midas may at any time solicit or provide services to the issuer of any security referred to herein.

Accordingly, information may be available to Midas, which is not reflected in this material, and Midas may have acted upon or used the information prior to or immediately following its publication. Within the last three years, Midas may also have acted as manager or co-manager for a public offering of securities of issuers referred to herein. The stated price of any securities mentioned herein is as of the date indicated and is not a representation that any transaction can be effected at this price. Neither Midas nor other persons shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only and the contents may not be reproduced, redistributed, or copied in whole or in part for any purpose without Midas's prior express consent.

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