Common use of Reporting to Third Parties Clause in Contracts

Reporting to Third Parties. 16.1 Our audit opinion is intended for the benefit of those to whom it is addressed. The audit will not be planned or conducted in contemplation that reliance will be placed on it by any third party or with respect to any specific transaction. Items of possible interest to a third party will therefore not be specifically addressed, and matters may exist that would be assessed differently by a third party in connection with a specific transaction. 16.2 There may be situations, for example, in relation to loan agreements, where a third- party request us, in our capacity as auditors, to report to them. Any contractual arrangements between you and a third party, which seek to impose such requirements upon us, will not, as a matter of law, be binding on us. Depending on the circumstances, however, we may agree to provide reports to third parties, but not in our capacity as auditors. 16.3 Any such requirements must be discussed with us at the earliest opportunity and well before any loan or other agreement is to be finalised. In this regard, it is not our policy to extend our duty of care beyond that arising from our audit report on the annual financial statements. 16.4 The Services shall be delivered on the basis that you will not quote our name or reproduce our logo in any form or medium without our prior written consent. You may disclose in whole any Deliverable to your regulators, bankers and legal and other professional advisers for purposes of seeking advice in relation to the services, provided that when doing so you inform them that: a) disclosure by them (save for their own internal purposes) is not permitted without our prior written consent; and b) we accept no responsibility or liability whatsoever; and c) we owe no duty of care to them in connection with the services.

Reporting to Third Parties. 16.1 Our audit opinion is intended for the benefit of those to whom it is addressed. The audit will not be planned or conducted in contemplation that reliance will be placed on it by any third party or with respect to any specific transaction. Items of possible interest to a third party will therefore not be specifically addressed, and matters may exist that would be assessed differently by a third party in connection with a specific transaction. 16.2 There may be situations, for example, in relation to loan agreements, where a third- third party request requests us, in our capacity as auditors, to report to them. Any contractual arrangements between you and a third party, which seek to impose such requirements upon us, will not, as a matter of law, be binding on us. Depending on the circumstances, however, we may agree to provide reports to third parties, but not in our capacity as auditors. 16.3 Any such requirements must be discussed with us at the earliest opportunity and well before any loan or other agreement is to be finalised. In this regard, it is not our policy to extend our duty of care beyond that arising from our audit report on the annual financial statements. 16.4 The Services shall be delivered on the basis that you will not quote our name or reproduce our logo in any form or medium without our prior written consent. You may disclose in whole any Deliverable to your regulators, bankers and legal and other professional advisers for purposes of seeking advice in relation to the services, provided that when doing so you inform them that: a) disclosure by them (save for their own internal purposes) is not permitted without our prior written consent; and b) we accept no responsibility or liability whatsoever; and c) we owe no duty of care to them in connection with the services.