Common use of RESPONSIBILITY STATEMENT Clause in Contracts

RESPONSIBILITY STATEMENT. The Issuers (whose registered offices appear on the last page of this document), having taken all reasonable care to ensure that such is the case, confirm that the information contained in this Base Prospectus reflects, to the best of their knowledge, the facts and contains no omission likely to affect its import. The opinions and intentions expressed in this Base Prospectus with regard to the Issuers are honestly held. The Issuers accept responsibility for the information contained in this Base Prospectus and the Final Terms for each issue of Notes under the Programme accordingly. This Base Prospectus is to be read in conjunction with all other documents which are deemed to be incorporated by reference herein (see "Documents Incorporated by Reference"). This Base Prospectus, together with any supplements to this Base Prospectus published from time to time (each a Supplement and together the Supplements) constitutes a base prospectus (for the purposes of Article 5.4 of the Prospectus Directive, with respect to the issue of Notes on the Luxembourg Regulated Market) for the purpose of giving information with regard to the Issuers and the Notes which, according to the particular nature of the Issuers and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profits and losses and prospects of the Issuers. In relation to each separate issue of Notes, the final offer price and the amount of such Notes will be determined by the relevant Issuer and the relevant Dealers in accordance with prevailing market conditions at the time of the issue of the Notes and will be set out in the relevant Final Terms. Natixis Structured Issuance SA is a wholly-owned, indirect subsidiary of NATIXIS. Natixis Structured Issuance SA has the full benefit of the NATIXIS Guarantee, which will apply to all Series of Notes issued by Natixis Structured Issuance SA (see "Natixis Structured Issuance SA – NATIXIS Guarantee"). No person has been authorised to give any information or to make any representation other than those contained in this Base Prospectus in connection with the issue or sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuers, the Dealers or the Arranger. Neither the delivery of this Base Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that there has been no adverse change in the financial position of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. The Notes may be redeemed by Physical Delivery (as further defined in the Conditions). The shares of underlying entities which may be delivered (as the case may be) are not shares in either the relevant Issuer nor an entity belonging to the Issuers' group. The Notes shall not be physically delivered in Belgium, except to a clearing system, depository or another institution for the purpose of their immobilisation in accordance with Article 4 of the Belgian Law of 14 December 2005. The distribution of this Base Prospectus and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Base Prospectus comes are required by the Issuers, the Dealers and the Arranger to inform themselves about and to observe any such restriction. For a description of certain restrictions on offers and sales of Notes and on distribution of this Base Prospectus, see "Subscription and Sale" and "Transfer Restrictions". This Base Prospectus does not constitute an offer of, or an invitation or solicitation by or on behalf of the Issuers, the Arranger and the Dealers to subscribe for or purchase any of the Notes. Neither this Base Prospectus nor any Final Terms constitute an offer of, or an invitation by or on behalf of any of the Issuers, the Dealers or the Arranger to subscribe for, or purchase, any Notes.

RESPONSIBILITY STATEMENT. The Issuers directors of the Offeror (whose registered offices appear on including any director who may have delegated detailed supervision of the last page preparation of this document), having Letter) have taken all reasonable care to ensure that such is the case, confirm that the information contained in this Base Prospectus reflects, to the best of their knowledge, the facts stated and contains no omission likely to affect its import. The opinions and intentions expressed in this Base Prospectus with regard to the Issuers Letter are honestly held. The Issuers fair and accurate and that no material facts have been omitted from this Letter, and they jointly and severally accept responsibility for the information contained in this Base Prospectus and the Final Terms for each issue of Notes under the Programme accordingly. This Base Prospectus is to be read in conjunction with all other documents which are deemed to be incorporated by reference herein (see "Documents Incorporated by Reference"). This Base ProspectusWhere any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Company, together with any supplements to this Base Prospectus published from time to time (each a Supplement and together the Supplements) constitutes a base prospectus (for the purposes of Article 5.4 sole responsibility of the Prospectus Directive, with respect to the issue of Notes on the Luxembourg Regulated Market) for the purpose of giving information with regard to the Issuers and the Notes which, according to the particular nature directors of the Issuers and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profits and losses and prospects of the Issuers. In relation to each separate issue of Notes, the final offer price and the amount of such Notes will be determined by the relevant Issuer and the relevant Dealers in accordance with prevailing market conditions at the time of the issue of the Notes and will be set out in the relevant Final Terms. Natixis Structured Issuance SA is a wholly-owned, indirect subsidiary of NATIXIS. Natixis Structured Issuance SA has the full benefit of the NATIXIS Guarantee, which will apply to all Series of Notes issued by Natixis Structured Issuance SA (see "Natixis Structured Issuance SA – NATIXIS Guarantee"). No person Offeror has been authorised to give any information or to make any representation other than those contained in this Base Prospectus in connection with the issue or sale of the Notes and, if given or made, ensure through reasonable enquiries that such information or representation must not be relied upon as having been authorised by the Issuers, the Dealers or the Arranger. Neither the delivery of this Base Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that there has been no adverse change in the financial position of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied accurately extracted from such sources or, if different, the date indicated in the document containing the same. The Notes may be redeemed by Physical Delivery (as further defined in the Conditions). The shares of underlying entities which may be delivered (as the case may be) are not shares , reflected or reproduced in either this Letter. Issued by For and on behalf of 3 July 2020 Any enquiries relating to this Letter, the relevant Issuer nor an entity belonging Options Proposal Acceptance Letter or the Options Proposal should be directed during office hours to: To: Primero Investment Holdings Pte. Ltd. c/o Boardroom Corporate & Advisory Services Pte. Ltd. ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, #32-01 Singapore Land Tower, Singapore 048623 Dear Sirs 1. I refer to the Issuers' groupOptions Proposal set out in the letter dated 3 July 2020 (the “Options Proposal Letter”) from United Overseas Bank Limited and DBS Bank Ltd., for and on behalf of Primero Investment Holdings Pte. The Notes Ltd.. Unless otherwise defined herein, capitalised terms used in this Options Proposal Acceptance Letter shall not have the same meaning and construction as defined in the Options Proposal Letter and/or the Offer Document (as defined in the Options Proposal Letter). 2. I hereby confirm my irrevocable acceptance of the Options Proposal in respect of the number of Options (the “Relevant Options”), the exercise period and the exercise price of which are, as follows: Date of Grant of Options (DD/MM/YY) Number of Options Exercise Period (DD/MM/YY) Exercise Price per Share (S$) 3. I hereby confirm my understanding that the Options Proposal is subject to the Offer becoming or being declared to be physically delivered unconditional in Belgium, except to a clearing system, depository or another institution for the purpose of their immobilisation all respects in accordance with Article 4 its terms and the Relevant Options continuing to be exercisable into Shares. 4. I hereby agree that, in consideration of you paying to me the Option Price for each Relevant Option, I will not: (i) exercise all or any of the Belgian Law Relevant Options into Shares; and (ii) exercise all or any of 14 December 2005. The distribution my other rights as a holder of the Relevant Options, in each case, from the date of this Base Prospectus and Options Proposal Acceptance Letter to the offering or sale respective date(s) of expiry of the Notes in certain jurisdictions may Relevant Options. 5. I hereby agree to surrender all of the Relevant Options for cancellation and agree that all of the Relevant Options will be restricted by law. Persons into whose possession this Base Prospectus comes are required cancelled or deemed to be cancelled upon receipt by the IssuersRegistrar, the Dealers and the Arranger to inform themselves about and to observe any such restriction. For a description of certain restrictions on offers and sales of Notes and on distribution of this Base Prospectus, see "Subscription and Sale" and "Transfer Restrictions". This Base Prospectus does not constitute an offer of, or an invitation or solicitation by or on behalf of the IssuersOfferor, of my valid acceptance of the Options Proposal, subject to the Offer becoming or being declared to be unconditional in all respects in accordance with its terms. 6. I hereby further agree that, if the Offer lapses, is withdrawn or does not become or is not declared to be unconditional in all respects in accordance with its terms, the Arranger and Options Proposal will lapse. Further, if the Dealers Relevant Options cease to subscribe for or purchase any be exercisable into Shares, the Options Proposal in relation to such Relevant Options that cease to be exercisable into Shares will also lapse. 7. I further acknowledge that no representation was made by you to induce me to accept the Options Proposal. 8. Please remit the aggregate Option Price in respect of the Notes. Neither this Base Prospectus nor any Final Terms constitute an offer of, or an invitation Relevant Options to me by or dispatching a cheque in Singapore currency drawn on behalf of any of a bank operating in Singapore for the Issuers, appropriate amount to the Dealers or the Arranger to subscribe for, or purchase, any Notesaddress specified below by ordinary post and at my own risk.

RESPONSIBILITY STATEMENT. The Issuers (whose registered offices appear on the last page of this document), having taken all reasonable care to ensure that such is the case, confirm that the information contained in this Base Prospectus reflects, to the best of their knowledge, the facts and contains no omission likely to affect its import. The opinions and intentions expressed in this Base Prospectus with regard to the Issuers are honestly held. The Issuers accept responsibility for the information contained in this Base Prospectus and the Final Terms for each issue of Notes under the Programme accordingly. This Base Prospectus is to be read in conjunction with all other documents which are deemed to be incorporated by reference herein (see "“Documents Incorporated by Reference"”). This Base Prospectus, together with any supplements to this Base Prospectus published from time to time (each a Supplement and together the Supplements) constitutes a base prospectus (for the purposes of Article 5.4 of the Prospectus Directive, with respect to the issue of Notes on the Luxembourg Regulated Market) for the purpose of giving information with regard to the Issuers and the Notes which, according to the particular nature of the Issuers and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profits and losses and prospects of the Issuers. In relation to each separate issue of Notes, the final offer price and the amount of such Notes will be determined by the relevant Issuer and the relevant Dealers in accordance with prevailing market conditions at the time of the issue of the Notes and will be set out in the relevant Final Terms. Natixis Structured Issuance SA is a wholly-owned, indirect subsidiary of NATIXIS. Natixis Structured Issuance SA has the full benefit of the NATIXIS Guarantee, which will apply to all Series of Notes issued by Natixis Structured Issuance SA (see "“Natixis Structured Issuance SA SA– the NATIXIS Guarantee"”). No person has been authorised to give any information or to make any representation other than those contained in this Base Prospectus in connection with the issue or sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuers, the Dealers or the Arranger. Neither the delivery of this Base Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that there has been no adverse change in the financial position of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. The Notes may be redeemed by Physical Delivery (as further defined in the Conditions)Delivery. The underlying entities (the shares of underlying entities which may be delivered (as the case may bedelivered) are not shares in either is neither the relevant Issuer nor an entity belonging to the Issuers' group. The Notes shall not be physically delivered in Belgium, except to a clearing system, depository or another institution for the purpose of their immobilisation in accordance with Article 4 of the Belgian Law of 14 December 2005. The distribution of this Base Prospectus and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Base Prospectus comes are required by the Issuers, the Dealers and the Arranger to inform themselves about and to observe any such restriction. For a description of certain restrictions on offers and sales of Notes and on distribution of this Base Prospectus, see "“Subscription and Sale" ” and "“Transfer Restrictions". This Base Prospectus does not constitute an offer of, or an invitation or solicitation by or on behalf of the Issuers, the Arranger and the Dealers to subscribe for or purchase any of the Notes”. Neither this Base Prospectus nor any Final Terms constitute an offer of, or an invitation by or on behalf of any of the Issuers, the Dealers or the Arranger to subscribe for, or purchase, any Notes.. THE NOTES AND THE NATIXIS GUARANTEE, AS AND IF APPLICABLE, HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE SEC), ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER U.S. REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF THE NOTES OR THE ACCURACY OR ADEQUACY OF THIS BASE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES. THE NOTES AND THE NATIXIS GUARANTEE, AS AND IF APPLICABLE, HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND THE NOTES MAY INCLUDE BEARER NOTES OR EXCHANGEABLE BEARER NOTES THAT ARE SUBJECT TO U.S. TAX LAW REQUIREMENTS. SUBJECT TO CERTAIN EXCEPTIONS, THE NOTES MAY NOT BE OFFERED OR SOLD OR, IN THE CASE OF BEARER NOTES OR EXCHANGEABLE BEARER NOTES, DELIVERED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS. THE NOTES ARE BEING OFFERED AND SOLD OUTSIDE THE UNITED STATES TO NON-U.S. PERSONS IN RELIANCE ON REGULATION S OF THE SECURITIES ACT (REGULATION S). FOR A DESCRIPTION OF CERTAIN RESTRICTIONS ON OFFERS, SALES AND TRANSFERS OF THE NOTES AND DISTRIBUTION OF THIS BASE PROSPECTUS, SEE “TRANSFER RESTRICTIONS” AND “SUBSCRIPTION AND SALE”. In this Base Prospectus, unless otherwise specified or the context otherwise requires, references to € or Euro are to the single currency of the participating member states of the European Union which was introduced on 1 January 1999, references to U.S. dollars, USD, $ and U.S.$ are to the lawful currency of the United States of America, references to Yen and JPY are to the lawful currency of Japan, references to CNY, Yuan, or Renminbi refer to the lawful currency of the People’s Republic of China (PRC), which for the purpose of this document, excludes Taiwan and the Special Administrative Regions of the PRC: Hong Kong and Macau and references to Sterling, GBP and £ are to the lawful currency of the United Kingdom. SUMMARY 6 RISK FACTORS 32 DOCUMENTS INCORPORATED BY REFERENCE 58 CONDITIONS RELATING TO THE CONSENT OF THE ISSUERS TO THE USE OF THE BASE PROSPECTUS 64 GENERAL DESCRIPTION OF THE PROGRAMME 66 TERMS AND CONDITIONS OF THE NOTES 73 PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL FORM 458 ADDITIONAL TERMS AND CONDITIONS OF THE NOTES 463 ANNEX RELATING TO PROPRIETARY INDICES 599 USE OF PROCEEDS 612 CLEARING AND SETTLEMENT 613 TRANSFER RESTRICTIONS 617 NATIXIS STRUCTURED ISSUANCE SA 618 NATIXIS 622 DESCRIPTION OF THE WARRANTS 625 TAXATION 626 SUBSCRIPTION AND SALE 656 FORM OF FINAL TERMS 666 ANNEX TO THE FINAL TERMS IN RELATION TO THE ADDITIONAL TERMS AND CONDITIONS OF THE NOTES 729 ISSUE SPECIFIC SUMMARY 788 RECENT DEVELOPMENTS 789 GENERAL INFORMATION 790

RESPONSIBILITY STATEMENT. The Issuers (whose registered offices appear on the last page of this document), having taken all reasonable care to ensure that such is the case, confirm that the information contained in this Base Prospectus reflects, to the best of their knowledge, the facts and contains no omission likely to affect its import. The opinions and intentions expressed in this Base Prospectus with regard to the Issuers are honestly held. The Issuers accept responsibility for the information contained in this Base Prospectus and the Final Terms for each issue of Notes under the Programme accordingly. This Base Prospectus is to be read in conjunction with all other documents which are deemed to be incorporated by reference herein (see "Documents Incorporated by Reference"). This Base Prospectus, together with any supplements to this Base Prospectus published from time to time (each a Supplement and together the Supplements) constitutes a base prospectus (for the purposes of Article 5.4 8 of the Prospectus DirectiveRegulation, with respect to the issue of Notes on the Luxembourg Regulated Market) for the purpose of giving information with regard to the Issuers and the Notes which, according to the particular nature of the Issuers and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profits and losses and prospects of the Issuers. In relation to each separate issue of Notes, the final offer price and the amount of such Notes will be determined by the relevant Issuer and the relevant Dealers in accordance with prevailing market conditions at the time of the issue of the Notes and will be set out in the relevant applicable Final Terms. Natixis Structured Issuance SA is a wholly-owned, indirect subsidiary of NATIXIS. Natixis Structured Issuance SA has the full benefit of the NATIXIS Guarantee, which will apply to all Series of Notes issued by Natixis Structured Issuance SA (see "Natixis Structured Issuance SA – NATIXIS Natixis Guarantee"). No person has been authorised to give any information or to make any representation other than those contained in this Base Prospectus in connection with the issue or sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuers, the Dealers or the Arranger. Neither the delivery of this Base Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that there has been no adverse change in the financial position of the Issuers since the date hereof or the date upon which this Base Prospectus has been most recently supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. The Notes may be redeemed by Physical Delivery (as further defined in the Conditions). The shares of underlying entities which may be delivered (as the case may be) are not shares in either the relevant Issuer nor an entity belonging to the Issuers' group. The Notes shall not be physically delivered in Belgium, except to a clearing system, depository or another institution for the purpose of their immobilisation in accordance with Article 4 of the Belgian Law of 14 December 2005. The distribution of this Base Prospectus and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Base Prospectus comes are required by the Issuers, the Dealers and the Arranger to inform themselves about and to observe any such restriction. For a description of certain restrictions on offers and sales of Notes and on distribution of this Base Prospectus, see "Subscription and Sale" and "Transfer Restrictions". This Base Prospectus does not constitute an offer of, or an invitation or solicitation by or on behalf of the Issuers, the Arranger and the Dealers to subscribe for or purchase any of the Notes. Neither this Base Prospectus nor any Final Terms constitute an offer of, or an invitation by or on behalf of any of the Issuers, the Dealers or the Arranger to subscribe for, or purchase, any Notes. IMPORTANT – EEA AND UK RETAIL INVESTORS – If the Final Terms in respect of any Notes includes a legend entitled "Prohibition of Sales to EEA and UK Retail Investors", the Notes are not intended to be offered, sold or otherwise made available to and, with effect from such date, should not be offered, sold or otherwise made available to any retail investor in the EEA or in the United Kingdom (the "UK"). 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 "MiFID II"; or (ii) a customer within the meaning of Directive 2016/97/EU on insurance distribution, 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. Consequently, no key information document required by Regulation (EU) No. 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA or in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or in the UK may be unlawful under the PRIIPs Regulation. MiFID II product governance / target market – The Final Terms in respect of any Notes will include a legend entitled "MiFID II product governance" which will outline the target market assessment in respect of the Notes and which channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or recommending the Notes (a distributor) should take into consideration the target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the target market assessment) and determining appropriate distribution channels. A determination will be made in relation to each issue about whether, for the purpose of the Product Governance rules under EU Delegated Directive 2017/593 (the MiFID Product Governance Rules), any Dealer subscribing for any Notes is a manufacturer in respect of such Notes, but otherwise neither the Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of the MiFID Product Governance Rules. THE NOTES AND ANY NATIXIS GUARANTEE HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE SEC), ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER U.S. REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF THE NOTES OR THE ACCURACY OR ADEQUACY OF THIS BASE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES. Other than NATIXIS in its capacity as Issuer, the Arranger and the Dealers have not separately verified the information contained in this Base Prospectus. Other than NATIXIS in its capacity as Issuer, none of the Dealers or the Arranger makes any representation, express or implied, or accepts any responsibility, with respect to the accuracy or completeness of any of the information in this Base Prospectus. Neither this Base Prospectus nor any other financial statements are intended to provide the basis of any credit or other evaluation and should not be considered as a recommendation by any of the Issuers, the Arranger or the Dealers that any recipient of this Base Prospectus or any other financial statements should purchase the Notes. Each potential purchaser of Notes should determine for itself the relevance of the information contained in this Base Prospectus and its purchase of Notes should be based upon such investigation as it deems necessary. None of the Dealers or the Arranger undertakes to review the financial condition or affairs of the Issuers during the life of the arrangements contemplated by this Base Prospectus nor to advise any investor or potential investor in the Notes of any information coming to the attention of either the Dealers or the Arranger. In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any) named as the Stabilisation Manager(s) (or persons acting on behalf of any Stabilisation Manager(s)) in the applicable Final Terms may over- allot Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur. Any stabilisation action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the relevant Tranche of Notes is made and, if begun, may cease at any time, but it must end no later than the earlier of 30 days after the issue date of the relevant Tranche of Notes and 60 days after the date of the allotment of the relevant Tranche of Notes. Any stabilisation actions or over-allotment shall be conducted in accordance with all applicable laws and regulations. Neither this document nor any other document relating to an offer of Notes may be distributed in the Kingdom of Saudi Arabia except to such persons as are permitted under the Rules on the Offer of Securities and Continuing Obligations issued by the Saudi Arabian Capital Market Authority. The Saudi Arabian Capital Market Authority does not make any representation as to the accuracy or completeness of this document, and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Prospective purchasers of the securities offered hereby should conduct their own due diligence on the accuracy of the information relating to the securities. If you do not understand the contents of this document, you should consult an authorised financial advisor.