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Email disclosures EU

Applicable to emails received from GAM (U.K.) Limited, GAM Sterling Management Limited, GAM International Management Limited, GAM London Limited, GAM Unit Trust Management Company Limited, Cantab Capital Partners LLP, GAM (Luxembourg) S.A., GAM Advisory (Luxembourg) S.A., GAM (Italia) SGR S.p.A., GAM (Deutschland) GmbH AG or GAM Fund Management Limited.

The message you have received contains confidential information and is intended only for the individual or entity named. If you are not the named addressee you should not disseminate, distribute or copy the email.

E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version.

This message is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any securities or related financial instruments. GAM operates in many jurisdictions and is regulated or licensed in those jurisdictions as required.

To the extent the email has been sent to you by any GAM company domiciled in the EU, including but not limited to being GAM (U.K.) Limited, GAM Sterling Management Limited, GAM International Management Limited, GAM London Limited, GAM Unit Trust Management Company Limited, Cantab Capital Partners LLP or GAM Fund Management Limited, please note the following details in respect of each such company: - GAM (U.K.) Limited (a company limited by shares and registered in England and Wales with company number 01664573); - GAM Sterling Management Limited (a company limited by shares and registered in England and Wales with company number 01750352); - GAM International Management Limited (a company limited by shares and registered in England and Wales with company number 01802911); - GAM London Limited (a company limited by shares and registered in England and Wales with company number 00874802); - GAM Unit Trust Management Company Limited (a company limited by shares and registered in England and Wales with company number 02873560); Each of Registered Office: 8 Funsbury Circus, London, EC2M 7GB.; - GAM Fund Management Limited (a company limited by shares and registered in Ireland with no. 156828) of Registered Office: George's Court 54-62 Townsend Street Dublin 2, Ireland ;- Cantab Capital Partners LLP ( a limited liability partnership and registered in England and Wales with company number OC317557), of Registered Office: City House, Hills Road, Cambridge, CB2 1RE).

GAM Sterling Management Limited, GAM International Management Limited and GAM London Limited, GAM Unit Trust Management Company Limited and Cantab Capital Partners LLP are each authorised and regulated by the Financial Conduct Authority. GAM Fund Management Limited is authorised and regulated by the Central Bank of Ireland.