IMPORTANT NOTICE 

Please read the following terms and conditions carefully. By accessing this website and the information contained on it, you agree to be bound by the terms and conditions below. 

This website and the documents contained herein should not be construed as the giving of advice or the making of a recommendation (actual or implied) and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed in this website, or documents contained in it, and the past performance of the price of debt securities must not be relied on as a guide to their future performance. 

Whilst ISS has taken all reasonable steps to ensure that the information contained on this website is accurate as of the date stated, ISS excludes to the full extent permitted under applicable law any warranties, undertakings or representations that the information contained on this website is accurate, current or complete. Neither ISS nor any other person has any obligation, or has assumed any responsibility, to update the information contained on this website for facts or events arising after the date the information is published. Any person accessing this website should therefore be aware that the information contained herein may be out of date. The information contained on this website does not purport to be a complete description of ISS or the securities referred to herein.

No person shall have any right of action (except in the case of fraud) against ISS, its directors, employees, agents or any other person in relation to the accuracy, nature or completeness of the information contained on this website. To the extent permitted by law, ISS and its directors, employees, agents exclude all liability for any loss or damage arising from the use of, or reliance on, the material contained on this website whether or not caused by a negligent act or omission. 

ISS acts neither as an adviser to, nor owes any fiduciary duty to any person accessing this website. Neither ISS nor any of its affiliates, agents or representatives makes any representation regarding the possible legal, regulatory, accounting or tax consequences of any investment in the securities described herein. Any person accessing this website should make its own independent evaluation of the transactions described, the risks involved, and the relevance and adequacy of the information in the material contained on the website and should make such other investigations as it deems necessary. Any potential investor should also consult their own legal, tax, and other professional advisers, prior to making any investment decision. The information contained on this website is not tailored for any particular potential investor and does not constitute individual investment advice. Any person accessing information on this website should also be aware that such information may contain additional disclaimers or limitations on liability, and should read and make themselves aware of any such disclaimers.

The information contained on this website has been prepared for information purposes only and as a matter of record, and does not constitute, or form part of any offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of, or any solicitation of any offer to underwrite, subscribe for or otherwise acquire or dispose of, any of the debt or other securities of ISS or any other person. 

In particular, the information contained on this website does not constitute an offer of securities for sale in the United States. None of the securities described directly or indirectly referred to in the information on this website have been nor will they be registered under the US Securities Act of 1933, as amended (“Securities Act”). Such securities may not be offered, sold or delivered within the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration. The information relating to any securities contained on this website has not been and may not be disseminated, distributed, sent, retransmitted or otherwise transferred to US persons or any person residing of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing. 

The information contained on this website has been and may only be viewed by persons: (i) who have professional experience in matters relating to investments being defined in Article 19(5) of the United Kingdom Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the FPO), (ii) who fall within Article 49(2)(a)-(d) of the FPO, (iii) who is outside the United Kingdom, or (iv) to whom an invitation or inducement to engage in an investment activity (within the meaning of section 21 of the United Kingdom Financial Services and Markets Act 2000 (the FSMA)) in connection with the issue or sale of any securities may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as relevant persons), and by accepting to view the information contained within, the recipient warrants that it is a relevant person.

The information contained on this website is not intended to be made available to, and should not be made available to, any retail investor in the European Economic Area (the EEA). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, MiFID II); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended or superseded, the Insurance Distribution Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation (Regulation (EU) 2017/1129), as amended (the EU Prospectus Regulation). 

The information contained on this website is not intended to be made available to, and should not be made available to, any retail investor in the United Kingdom. For these purposes, a “retail investor” means a person who is one (or more) of: (i) a retail client as defined in point (8) of Article 2 of the EU Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA) (the UK Prospectus Regulation); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA or (iii) not a qualified investor as defined in Article 2 of the UK Prospectus Regulation.

The information contained on this website has not been and may not be disseminated, distributed, sent, transmitted or otherwise transferred into Australia, Canada, South Africa, Hong Kong or Japan. Any failure to comply with this restriction may constitute a violation of U.S., Australian, Canadian, South African, Hong Kong or Japanese securities laws, as applicable.

The release, publication or distribution of documents on this website in certain jurisdictions may be restricted by the law and therefore persons in certain jurisdictions into which such documents are released, published, distributed or otherwise accessible should inform themselves about and observe any such restrictions. 

In the United Kingdom any information in the following web pages which may be construed as a financial promotion within section 21 of the FSMA is exempt under Article 69 of the FPO. For the avoidance of doubt, the information contained in this website does not (a) constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any “controlled investments” or enter into a transaction or otherwise make use of services provided by ISS or any named person or (b) constitute an inducement relating to any investments other than those issued by ISS. 

Confirmation of understanding and acceptance of disclaimer 

In accessing this website, you confirm that you have read and understood the disclaimer set out above. You also confirm that you understand that it may affect your rights and agree to be bound by its terms. You further confirm that you are permitted to proceed to this part of the website and will not distribute the document directly or indirectly (including by means of providing a direct electronic link) to any other party other than with the prior written consent of ISS. 

By accessing this website, you certify that you are not a US person or a resident of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing and agree that you will not retransmit, send or otherwise transfer any of the information contained on this website to any US person or person in or resident in the United States. 

PLEASE NOTE that it is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are in any doubt, you should not continue to seek access to this document.