Disclosures:
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research
recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the
subject of the research is not listed on any European exchange, it has nevertheless been treated as a research
recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the
analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views
about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of
their compensation was, is, or will be directly or indirectly related to the specific recommendations or views
expressed in this report.
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