Legal Notice

This publication constitutes marketing material and is not the result of independent financial/investment research. Therefore, it has not been prepared in accordance with the legal requirements regarding the independence of financial/investment research and is not subject to any prohibition on dealing ahead of the dissemination of financial/investment research.

The information and opinions expressed in this publication were produced by Baraka Capital Partners. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Baraka Capital Partners, or of its subsidiaries or affiliated companies to make any investments. Opinions and comments of the authors reflect their current views, but not necessarily those of other Baraka Capital Partners entities or any other third party.

This publication has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Before entering into any transaction, investors should consider the suitability of the transaction to individual circumstances and objectives. Any investment or trading or other decision should only be made by the client after a thorough reading of the relevant product term sheet, subscription agreement, information memorandum, prospectus or other offering document relating to the issue of the securities or other financial instruments. Nothing in this publication constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suit able or appropriate for individual circumstances, or otherwise constitutes a personal recommendation for any specific investor.

Although the information and data herein are obtained from sources believed to be reliable, no representation is made that the information is accurate or complete. Baraka Capital Partners does not accept liability for any loss arising from the use of this publication. This publication and any market data contained therein shall only be for the personal use of the intended recipient and shall not be redistributed to any third party, unless Baraka Capital Partners or the source of the relevant market data gives their approval. This publication is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) such publications are prohibited.

External Asset Managers/External Financial Advisors: In case this marketing publication is provided to an External Asset Manager or an External Financial Advisor, Baraka Capital Partners expressly prohibits that it is redistributed by the External Asset Manager or the External Financial Advisor and is made available to their clients and/or third parties. By receiving any marketing publication, the External Asset Managers or the External Financial Advisors confirm that they will make their own independent analysis and investment decisions, if applicable.