Disclaimer

Although the statements of facts in this report have been obtained from and are based on sources that Sinteza Invest Group believes to be reliable, we do not guarantee their accuracy, and any such information might be incomplete or condensed. All opinions and estimates included in this report constitute Sinteza Invest Group judgment as of the date of this report and are subject to change without notice.

This report is for information purposes only. It is not intended as an offer or a solicitation with respect to the purchase or sale of a security, and it should not be interpreted as such. The investments discussed may fluctuate in price or value. Changes in rates of exchange may have an adverse effect on the value of investments.

Past performance is not indicative of future results. The information, opinions, estimates and forecasts may well be affected by subsequent changes in market conditions.

This report does not take into account the investment objective, financial situation or particular needs of any particular investor. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision based on the recommendations in this report.

This document may not be reproduced in whole or in part, or published for any purpose.