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Disclaimer

The material on this website has been prepared by Jefferies & Company, Inc. ("Jefferies") a U.S.-registered broker-dealer. This material is provided for informational purposes only and is not an offer or solicitation of any investments or investment services. Not all investments or investment services described are available in all US states.

For UK Readers
This material has been approved in the United Kingdom by Jefferies International Limited, which is authorised and regulated by the Financial Services Authority ("FSA"). The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified, therefore, except for any obligations under the rules of the FSA, we do not guarantee its accuracy. This material is intended for use only by persons who have professional experience in matters relating to investments falling within Articles 19(5) and 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended), or by persons to whom it can be otherwise lawfully distributed.

For Canadian Readers
Material in this website is intended for use by professional or institutional investors only and not the general investing public. None of the investments or investment services mentioned or described herein is available to anyone in Canada who is not a "Designated Institution" as defined by the Securities Act (Ontario).

For Singapore Readers
For investors in the Republic of Singapore, this material is intended for use only by accredited, expert or institutional investors as defined by the Securities and Futures Act and is approved by Jefferies Singapore Limited which is licensed by the Monetary Authority of Singapore. Any matters arising from, or in connection with, this material should be brought to the attention of Jefferies Singapore Limited at 80 Raffles Place #15-20, UOB Plaza 2, Singapore 048624, telephone: +65 6551 3950.

Recipients of this material in jurisdictions outside the United States, United Kingdom, Canada and Singapore should inform themselves about and observe any applicable legal requirements in relation to the receipt of this information.