Equity Research Disclaimer

This investment research and research recommendation has been approved by Bank of Africa United Kingdom plc solely for the purposes of section 21 of the Financial Services and Markets Act 2000 ("FSMA").

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Forward-looking statements contained in this note that reference past trends or activities should not be taken as a representation that such trends or activities will necessarily continue in the future. Bank of Africa UK does not undertake any obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this note.

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