Conditions and disclaimers that govern the use of the entire website – 19 October 2010

This website is communicated by Numis Securities Limited (“Numis”). Numis Securities Limited is authorised and regulated by the Financial Conduct Authority and is entered on the latter’s Register,, under number 144822.

There are pages on this website that relate to Numis Corporation Plc, the parent company of Numis. These pages are for information only and do not represent an offer or a solicitation or an investment recommendation to buy or sell any security.

There are pages on this website (“relevant pages”) that relate to the services provided by Numis in the areas of stockbroking and investment banking (or which contain research prepared by Numis). These services constitute designated investment business in respect of which Numis is authorised and regulated by the Financial Conduct Authority.

The material in the relevant pages is directed solely at eligible counterparties and professional clients as those terms are defined by the rules of the Financial Conduct Authority. The material is not directed at, may not be suitable for and should not be relied on by retail clients. Numis does not provide investment advisory services to retail clients. By accessing the relevant pages you acknowledge that you are not a retail client.

The material in the relevant pages is not an offer or a solicitation to buy or sell any security. Neither Numis nor any of its directors, officers, employees or agents shall have any liability, howsoever arising, for any error or incompleteness of fact or opinion in it or lack of care in its preparation or publication; provided that this shall not exclude liability to the extent that this is impermissible under the law relating to financial services. All statements and opinions are liable to change without notice.

Numis or one or more of its associates or a director or an employee of Numis or of an associate may from time to time have a position, or may have undertaken or may undertake an own account transaction, in a security referred to in the material that follows or in a related security. Such a position or such a transaction may relate to the market making activities of Numis or to other activities of Numis. Numis or one or more of its associates may from time to time have a broking, advisory or other relationship with a company the subject of or referred to in the material in the relevant pages, including acting as that company’s official or sponsoring broker and providing corporate finance or other financial services.

The regulatory issues relating to research are set out in the subsequent pages of this section of the website. Research includes both Investment Research and Marketing Communications.

Unless otherwise stated all material on this website is copyright Numis Securities Limited 2000. Numis hereby asserts its rights under the Copyright, Designs and Patents Act 1988 to be identified as the author of this work. All rights to the material in this website are reserved to Numis. By using the pages of this website, and/or by reading the material within it, you agree that you will use the information only for your internal business purposes and that you will not otherwise download, copy, transmit or distribute in any way any of this material in whole or in part.

This website contains hyperlinks that are provided for your information only. By clicking on such a hyperlink, you will leave this website and the regulatory protections that attach to certain pages herein. Numis is not responsible for and accepts no liability whatever for the content of any website that you access from such a hyperlink or for any reliance placed by you or any other person on the information contained therein. Any such website may be subject to its own disclaimers and copyright restrictions.

The material in this website has been prepared for persons in the United Kingdom and is not intended for distribution or use outside the United Kingdom. This material is not directed at you if Numis is prohibited or restricted by any legislation or regulation in any jurisdiction from making it available to you.

You should satisfy yourself before accessing the relevant pages of this website that Numis is permitted to provide information about its services and/or research material to you under relevant legislation and regulations. Numis accepts no responsibility whatever for any failure by a person resident outside the United Kingdom to observe the foregoing.Numis Securities Limited

A member of the London Stock Exchange

Registered in England and Wales

Registered company no: 2285918

Registered office: The London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT

VAT number: 243623281