DISCLOSURE


The publications on this website are issued by Petrus Advisers Ltd. (“Petrus”) which is authorised and regulated by the Financial Conduct Authority (“FCA”). It is only directed at those who are Professional Clients or Eligible Counterparties (as defined by the FCA).

Information provided on this website is confidential and should not be copied, reproduced or redistributed without the prior written consent of Petrus.

Nothing contained on this website is intended to constitute an offer, invitation or inducement to distribute or purchase shares or to enter into an investment agreement by Petrus in any jurisdiction in which such offer, invitation or inducement is not lawful or in which Petrus is not qualified to do so or to anyone to whom it is unlawful to make such offer, invitation or inducement. The contents of the website have not been prepared for the benefit of investors outside the UK, in particular not for investors in the United States of America.

The information included within this presentation and any supplemental documentation provided should not be copied, reproduced or redistributed without the prior written consent of Petrus. The information and opinions contained in this document are for background purposes only and do not purport to be full or complete and do not constitute investment advice. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness. No representation, warranty or undertaking, expressed or implied, is given as to the accuracy or completeness of the information or opinions contained in this document.

Detailed information can be obtained from Petrus Advisers Ltd., 100 Pall Mall, London, SW1Y 5NQ; or by telephoning 020 7933 8831 between 9am and 5pm Monday to Friday; or by visiting www.petrusadvisers.com. Telephone calls with Petrus are recorded.

This presentation therefore does not constitute an offer, invitation or inducement to distribute or purchase shares or to enter into an investment agreement by Petrus in any jurisdiction in which such offer, invitation or inducement is not lawful or in which Petrus is not qualified to do so or to anyone to whom it is unlawful to make such offer, invitation or inducement.

Investors should take their own legal advice prior to making any investment. In particular, investors should make themselves aware of the risks associated with any investment before entering into any investment activity. The information contained in the presentation shall not be considered as legal, tax or other advice. All information is subject to change at any time without prior notice or other publication of changes.



PETRUS ADVISERS Ltd.

Petrus Advisers Ltd is an FCA regulated investment firm headquartered in London. We invest in public markets in Europe, with a particular focus on the German speaking region.

Petrus Advisers manages the Petrus Advisers Special Situations Fund (SSF), an active long/short equity fund focused on liquid and listed investment companies. In addition, Petrus Advisers manages the Petrus Advisers Special Situations UCITS Fund.

Petrus Advisers is committed to a responsible investment approach and to maintain the highest professional standards. We strive to act in friendly cooperation with all stakeholders of target companies including their respective management teams and boards, institutional investors as well as private shareholders.

Petrus Advisers UK

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