Disclaimer

Pelargos Capital B.V. has compiled this publication. Pelargos Capital B.V. is an investment manager, which only manages investment funds offered to qualifying investors. In the Netherlands, Pelargos Capital B.V. and the investment funds managed by it are exempted from the obligation to obtain a license with respect to the offering of participations in said funds.

Although the information contained in this publication is composed with great care and although we always strive to ensure the accuracy, completeness and correctness of the information, imperfections due to human errors may occur, as a result of which presented data and calculations may vary. Therefore, no rights may be derived from the provided data and calculations. All information is provided "as is" and is subject to change without prior notice. Pelargos Capital B.V. does not warrant the adequacy, accuracy or completeness of any information and expressly disclaims any liability for errors or omissions therein. The recipients of this publication are responsible for evaluating the accuracy, completeness or usefulness of this information.

The information contained in this publication does not constitute any recommendation, investment proposal, offer to provide a service, nor solicitation to buy or sell any security or other investment product.

The publication of the information may be subject to restrictions imposed by law in some jurisdictions. Pelargos Capital B.V. requests any recipient of this publication to become acquainted with, and to observe, all restrictions. Pelargos Capital B.V. accepts no liability for infringement of such restrictions.

The recipient shall not distribute, forward or publish the information. No rights may be derived from the provided information, data and calculations.

The value of the investments may fluctuate. Past performance is no guarantee or guide to future performance.