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DISCLAIMER: All rights reserved. Any performance information contained herein may be unaudited and estimated. Past performance is not indicative of future results. Although all reasonable efforts have been made to ensure the accuracy of the information herein, neither Camdor Global Advisors nor any other person involved with the research, compilation, editing or printing of this report gives any representation, warranty, indemnity or undertaking (whether express or implied) as to the truthfulness, accuracy or completeness of the information, statements, and opinions given, made or expressed herein, nor is any responsibility accepted for any act or omission made in reliance thereon. The investment products and services of Camdor Global Advisors are only available to eligible counterparties and professional clients. To the extent permitted by law, Camdor Global Advisors does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information herein is subject to change without notice.

Camdor Global Advisors is incorporated as a Private Limited Company in England and Wales No 09507497. Camdor Global Advisors is authorised and regulated by the Financial Conduct Authority in the United Kingdom Firm Reference No 798186. Neither this document nor the information contained herein may be shared with any third party without the consent of Camdor Global Advisors.

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