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"As your agreement for the receipt and the use of market data
provides, the securities markets (1) reserve all rights to the market data
that they make available; (2) do not guarantee that data;
and (3) shall not be liable for any loss due either to their
negligence or to any cause beyond their reasonable control."

Neither the information nor any opinion contained herein constitutes an offer or an invitation to make an offer, or a solicitation or a specific recommendation to buy or sell any securities, financial instruments or investments or products or services or to provide any investment service or investment advice. The information contained herein shall not be construed as a prospectus for the subscription or purchase or sale of any securities or financial instruments or products or services and that it does not intend to market or promote the subscription, purchase and sale of any securities, financial instruments, products or services. The information contained herein does not form the basis of any contract or commitment whatsoever. The recipient is solely responsible for making its own appraisal and any investment decisions in connection with the assets or persons and is advised to make an independent review and reach its own conclusions regarding the legal, credit, tax and accounting aspects of the instruments or companies described.

For Panama residents only: These securities have not been listed with the National Securities Commission and neither has any offering, sale or transaction with them. The listing exemption has been made based on paragraph 3 of Article 83 of Law Decree N° 1, dated 8 July 1999 (Institutional Investors). Consequently the tax treatment established under Articles 269 to 271 of Law Decree 1, dated 8 July 1999, does not apply.

For Portugal residents only: The information contained on this site is not an offer or solicitation to provide financial intermediation services in Portugal. NFS is not registered with the CMVM or authorized to act as a financial intermediary in Portugal.



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