Research disclaimer

None of Primaresearch Proprietary Limited, its affiliates, advisors, directors, officers and/or employees (together “Primaresearch”) shall be responsible, and disclaim all liability, for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of, or which may be attributable, directly or indirectly, to, the use of, or reliance upon any information contained in this document.

This document is solely for information purposes. It does not purport to be comprehensive. Its content relies on third party sources that have not been independently verified. Some of the information contained in this document may contain projections, opinions, or other forward-looking statements about future events or future financial performance. These statements are only predictions and numerous important factors could cause actual events or results to differ materially from those contained in this document. Primaresearch provides no representation or warranty, express or implied, regarding the accuracy, completeness or correctness of information contained in this document.

Primaresearch shall have no liability for any information contained herein or for any omissions or errors. Primaresearch does not assume any obligation to update any forward-looking statements. No information set out or referred to in this document shall form the basis of any contract. No information in this document is investment advice, an investment advertisement or an offer of securities.

This document is protected by copyright. It is the property of Primaresearch. It may contain information that is confidential and therefore must not be disseminated, reproduced or used in whole or in part without prior written approval from Primaresearch. Any use must acknowledge Primaresearch as the source. No part of this document may be transmitted into any jurisdiction which may constitute a violation of relevant local securities laws. No non-US Group Company is registered as a broker-dealer under the Exchange Act or is a member of the Financial Industry Regulatory Authority, Inc. or any other U.S. self-regulatory organisation.

Email disclaimer

The contents of, in particular, emails which may you have received are intended for the addressee only and may contain confidential or privileged information. If you are not the intended recipient, please notify the sender immediately and delete the email. Any disclosure, forwarding or copy to any person or any action taken or omitted to be taken in reliance on this email, is prohibited and may be unlawful. Internet communications may not be secure or error-free, may be subject to possible data corruption and may contain viruses. Primaresearch (Pty) Ltd, “Primaresearch” will not be held liable for the proper and complete transmission of the information contained in this communication of or any delay in its receipt. Opinions, conclusions and offers contained in this message are not given or endorsed by Primaresearch unless otherwise indicated by independent confirmation. This email is not intended nor should be taken to create any legal relationship, contractual or otherwise. All emails are subject to monitoring and may be stored for business purposes.

Primaresearch is an Authorised Financial Services Provider, FSP 48131 and registered in South Africa (Reg no. 2015/290266/07) with its registered address at 24 Grove Avenue, Claremont, Cape Town, South Africa.