IMPORTANT NOTICE
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This newsletter has been approved for the purposes of s 21 of the Financial Services and Markets Act 2000 ("FSMA") by Credo Capital Plc (reg. no. 3681529, registered office at 83 Pall Mall SW1Y 5ES ), which is part of the Credo Group ("Credo"). Credo Capital is authorised and regulated by the Financial Services Authority in the United Kingdom. The content does not constitute advice, personal recommendations or an invitation to invest. Recipients must consider suitability, their own risk profile and objectives, any warnings attached to investments and should seek advice before investing. Please note that property funds and property investments may be difficult to sell and you may not be able to redeem your investment when you want to. The value of property is generally a matter of the valuer’s opinion rather than fact and there is no regular market for the investment, which should be intended for the long term. The Equity Fund recommended is an unregulated offshore fund that is not suitable for investors requiring income since it does not pay dividends. Investors may only redeem their investment after the appropriate notice period and have no right to complain to the Financial Ombudsman or a right to compensation from the Financial Services Compensation scheme. Past performance is no guide to future performance. Investments may fluctuate, returns are not guaranteed and original amounts invested may not be returned. The value of the investments may fluctuate due to changes in tax rates and/or the rates of exchange. Credo has made all reasonable efforts to ensure the accuracy of the information provided, but makes no representation or warranty, express or implied, as to the accuracy or completeness thereof, or of opinions or forecasts contained herein and expressly disclaims any liability relating to, or resulting from, the use hereof. This applies in particular to future projections, estimates or statements about future prospects of any investment opportunity described herein. A non-UK resident who wishes to make an investment must comply with any foreign regulation/legislation relating to the investment and hereby warrants that he/she will not breach the local securities or financial services laws or other regulations in such foreign jurisdiction. No part of the information may be copied, photocopied or distributed without Credo Capital’s prior written consent.

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