Legal & Confidentiality Notice:

This e-mail (and any attachment(s) thereto) is intended only for the person to whom it is addressed and may contain confidential and / or privileged material. No one else may place any reliance upon it, copy, link-to, forward or otherwise use for any purpose all or any of it, in any form. If you received this in error please contact the sender and delete all copies of the communication / material from any computer or other electronic device. To the extent permitted by law none of Honma Katana, Honma Capital, Honma Partners or any of their respective directors, officers, employees, other personnel, members, contractors or agents (together, “Honma”) accepts or assumes any liability, responsibility or duty of care for any use of or reliance on this e-mail by anyone, other than the intended recipient to the extent (if any) agreed in the relevant contract for the matter to which this e-mail relates. It should additionally be noted that email transmissions (and attachments thereto) are not guaranteed to be secure or free of errors, viruses and potential malware. Honma does not accept liability for any of the foregoing (or for changes to any e-mail or attachment which occur after the relevant e-mail has been sent); recipients are advised to take their own precautions in such regard. This email does not constitute, and should not be construed as being, a financial promotion of any kind or recommendation, offer or solicitation of an offer to: (i) purchase or sell any financial instrument, investment, security or other product; or (ii) make (or refrain from making) any other type of investment or investment decision. This email does not constitute: (i) or form any binding agreement; or (ii) an official confirmation of any transaction or the terms thereof. Access to any investment products or services of Honma is in all cases subject to the applicable laws and regulations relating thereto. Appropriate professional, tax, legal, investment and other relevant advice (which under no circumstances should this email be construed as containing) should be obtained before pursuing (or refraining from) a particular course of action. No representation or warranty (express or implied) is given by Honma as to the accuracy, completeness or timeliness of the information contained herein (or attached hereto). Any comments, statements, opinions, predictions, sentiments or information contained or reflected herein (or attached hereto), whether developed internally or obtained from third-parties: (i) are subject to change from time to time and without notice of any kind (and Honma assumes no duty, and does not undertake, to update forward-looking statements); and (ii) do not necessarily represent the opinions or sentiments of Honma. Any third-party content contained or referred to herein, whilst obtained from sources believed to be reliable, should not be considered to be created or endorsed by Honma or warranted as being fit for any purpose. Any forward-looking statements contained or referred to herein speak only as of the date they are made and are subject to numerous assumptions, risks and uncertainties, which change over time.

Honma Katana and Honma  Partners are exempted companies incorporated under the laws of the Cayman Islands and their registered office is at Willow House, Cricket Square, P.O. Box 10008, KY1-1001, Grand Cayman, Cayman Islands. Honma Katana falls within the definition of a “private fund” under the Private Funds Act (as revised) of the Cayman Islands and, accordingly, has been or will be registered with the Cayman Islands Monetary Authority. References to Honma Capital should be interpreted as being a reference to six individuals (Justin Tedaldi, Franz Klainsek, Simon Allen, Neil Quilliam, Nassar Alnassar, and Veronika Koles), the team behind Honma Katana (and references to members of Honma Capital or the Honma Capital team should be construed accordingly).