This internet site is produced by Macquarie Capital Securities (Singapore) Pte Limited (Registration No 198702912C) (“MCSSPL”), holder of a capital markets services licence under the Securities and Futures Act, Chapter 289 of Singapore.

The information on this internet site is directed and available to residents of Singapore only and is not provided to any person who is a resident of the United States or any other country. Any material provided on this internet site, including any indicative terms are provided for information purposes only and do not constitute an offer, a solicitation of an offer, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise).The Warrants will not be offered to any US persons.

The price of securities may go down as well as up, and under certain circumstances an investor may sustain a total loss of investment. As past performance is not an indication of future performance, an investor should ensure that they understand the nature of the investment product and in particular the risk factors before investing.

Macquarie and the Material on this website

Macquarie Warrants are issued by Macquarie Bank Limited (ABN 008 583 542) ("MBL"). MCSSPL has issued the information in this site. Except where expressly stated, the information and services on this website (the "Material") are provided by MCSSPL as at the date indicated on the relevant material.

MBL, acting through its Singapore branch is authorised and licensed by the Monetary Authority of Singapore to carry on wholesale banking business in Singapore pursuant to the Banking Act, Chapter 19 of Singapore and therefore is subject to the supervision of the Monetary Authority of Singapore.

MCSSPL is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MCSSPL’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MCSSPL.

In relation to Warrants which are listed on the Singapore Exchange Securities Trading Limited (“SGX”), a base listing document dated 12 July 2012 has been prepared. In addition a supplemental listing document will or has been prepared by MBL for the purpose of obtaining a listing for the Warrants on the SGX. Copies of the base listing document and supplemental listing document(s)-(together the “Listing Documents”) may be obtained from the offices of MCSSPL at 9 Straits View #21-07 Marina One West Tower Singapore 018937 and on this web-site.

Third Party Information

The material in this document has been prepared in good faith with all reasonable care. However, certain parts of this material is obtained or is based upon information obtained from third parties which may not have been checked or verified. Except to the extent permitted by law, and only to the extent so required, no member of the Macquarie Group makes any warranty in relation to, or accepts any responsibility or liability for any loss or damage suffered by any person arising out of or in relation to the material. This document is not for circulation or publication without the prior written consent of MCSSPL.

Opinions, ideas and strategies

The opinions, ideas and strategies in this website are based on certain assumptions and current market conditions. If those underlying assumptions or market conditions change, the opinions, ideas and strategies will change. All quotations are indicative only. A firm quotation can be provided by contacting MBL directly. The strategies outlined are not intended to be specific and/or personal advice and MBL expressly disclaims all or any liability and responsibility to any person in respect to anything (and the consequences of anything) done or omitted to be done by any person in reliance on the whole or any part of this publication.

No personal investment advice – seek personalised advice from a qualified adviser before investing

Any general advice contained on this website has been prepared by MCSSPL and does not take account of your objectives, financial situation or needs. Before acting on this general advice, you should consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. Macquarie or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser. Macquarie or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, Macquarie or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information. All investors should obtain the Listing Documents for the products discussed and should consider it in full before making a decision.