Macquarie Singapore Warrants Contest 2020 (the “Contest”) is [organised] by Macquarie Capital Securities (Singapore) Pte Ltd (“Macquarie”).

1. How to win

   Step 1: Invest in Macquarie Warrants under each month’s relevant qualifying warrants listed on SGX during the relevant period¹

   Relevant period	Relevant qualifying warrants
   1-30 September	Macquarie warrants tracking Singapore shares and the Straits Times Index (STI) only
   1-30 October	Macquarie warrants tracking Hong Kong shares only
   2-30 November	Macquarie warrants linked to S&P500, Hang Seng Index (HSI) and Nikkei225 index futures only

   ¹ Both buy and sale trades have to be within the relevant period.

   Step 2: Earn a minimum 20% realized gain in trading any one series of Macquarie warrants in the relevant category

   The 20% realized gain refers to the cumulative realized returns in one qualified warrant during the month. For example, you may trade in and out of that warrant on day 1 with 10% gain, and in and out on day 2 with another 10% gain. However, one cannot only cherry pick winning trades; for example, if you have made a loss of 10% on day 1 and a 20% gain on day 2 on the same qualified warrant, you have not accumulated a 20% gain yet because loss will also be taken into account.

   Step 3: Submit your screen capture of your winning warrant transaction history as shown on your brokerage platform via our online platform to verify your 20% gain. Please insert name identical to your bank account name so that your prize can be cashed in via cheque.

   Step 4: If you are one of the first four investors submitting evidence of a minimum 20% realized gain, you will be contacted to write up your trading strategy which, subject to Macquarie’s editing as it sees fit, may be shared with other investors. We will also request for (i) your trading account ID and any relevant information for verifying your trades (ii) your address so that we can send the cheque to you.

   Step 5: Win SGD1,000 in cash.

2. Entry requirements

   • Singaporean residents at or over 18 years of age at time of first trade. Those who do not meet these requirements will be disqualified from any participation. Participants can be of any nationality residing in Singapore.
   • To be eligible to the cash prize, winner would need to submit a write up of his or her trading strategy on the winning trades and consent to Macquarie publishing his or her name and trading strategy in any marketing materials and social media.
   • All employees and interns, as well as their immediate families, of Macquarie is not eligible to participate.

3. Determination of the winners

   Macquarie will determine the winning participants based on the submissions. In case of any dispute, Macquarie will decide in its sole discretion. We will announce the winners for each month at www.warrants.com.sg/contest2020 as long as the winning trade histories have been verified.
   
   Regarding verification of the trades, we will not accept any account statements or contract notes. Those who do not trade online will have to ask their remisiers/brokers/trading representatives for screen captures.
   
   The winning investors may invest in more than one warrant but only the one warrant with a 20% realized gain will give you a winning chance. If you invest in multiple qualified warrants and the aggregate gain across all warrants is at or more than 20%, you would not be qualified to win until your realized gain in one qualified warrant is at or above 20%. Brokerage fee or other charges will not be taken into account in calculating the 20% gain.
   
   Once the winning trades have been successfully verified, the winning investor will be notified via email at the email address provided on his or her submission.
   
   Any potential winner who cannot be contacted within fifteen (15) days of attempted first notification at the email address provided will be considered as giving up his or her prize.
   
   Any winning investor who fails to submit his or her trading strategy within 7 days of being requested to do so will be automatically disqualified.
   
   If the number of successful submissions for a particular month is less than four, the remaining prizes will be rolled over to the following month(s)

4. Trading at own risk

   This is not an offer, a solicitation of offer, or any advice or recommendation to participate in any transactions. The prices of warrants are volatile, and investors may sustain a total loss of their investment. Investors shall read the full details of the warrants including the risk factors as set out in the listing documents. You should make an assessment of the risk involved in investing in the warrants and should consult your own legal, financial, tax and other professional advisors to ensure that any decision made is suitable for you with regards to your circumstances and financial position. Macquarie can be the only person quoting price for the warrants. Given its role as liquidity provider, there may be certain conflicts of interest. Past Performance is not indicative of future performance.
   
   Warrants are non-collateralised products. Investors are subject to the creditworthiness of Macquarie Bank Limited as issuer.
   
   By participating in the Contest, you acknowledge the risks related to trading in warrants some of which are listed above.

5. Use of data for promotional purposes

   By participating in the Contest, all participants permit Macquarie to access and use all data and information provided by participants for the purposes of organizing, administering and promoting the event. If you are a winner, you agree that Macquarie may use your name, trading strategy, other information and photographs to administer and promote the event. In cases where participants do not want their details published by Macquarie, a written request should be sent to info@warrants.com.sg in order for such information to be removed. However, in such cases, the participant shall cease to be eligible to participate in the Contest.
   
   You agree and acknowledge (i) the Personal Data Protection Policy Statement; and (ii) the Disclaimer

6. Conduct

   By participating in the Contest, eligible participants agree to comply and be bound by these Terms and Conditions. Failure to comply with these Terms & Conditions may result in disqualification from the Contest. Eligible participants further agree to comply and be bound by the decision of Macquarie, which are final and binding in all respects. Macquarie reserves the right in its sole discretion to disqualify any participant if it finds him or her to be (1) providing fake trading history, tampering or attempting to tamper with the operation of the Contest (2) violating the specific Terms and Conditions of the Contest (3) acting in way that disrupts, or with intent to abuse, threaten or harass any other person or engage in any market misconduct. Any false information provided by any participant concerning identity or trade history and non-compliance with the Terms and Conditions may result in the immediate elimination of a participant from the Contest. Any participant who is found or suspected to have attempted to have manipulated the market or price of actual listed warrants or its underlying securities or index will be disqualified and referred to the relevant authorities.

7. Postponement, change or cancellation

   Macquarie, in its sole discretion, reserves the right to extend or postpone the relevant period, change the prize, adjust the gain percentage, cancel the event or reject any participant if it is determined that such action is reasonable or necessary.

8. Governing law

   Governing Law: Singapore; Jurisdiction: exclusively the courts of Singapore.