RESTAURANTS : Franchise Files: Coffee - Competition Brewing

Research evidence excerpt

RESTAURANTS : Franchise Files: Coffee - Competition Brewing

and may not be distributed within the territory of the Republic of Indonesia or

to Indonesian citizens in circumstances which constitute an offering within the meaning of Indonesian capital market laws and regulations.

Israel: BNP Paribas is not licensed under Israel’s Regulation of Investment Advising, Investment Marketing and Portfolio Management Law, 5755-

1995 (the “Advice Law”) and does not carry insurance pursuant to the Advice Law. This report is only intended for those categories of Israeli residents

who are qualified clients listed on the First Addendum to the Advice Law.

Japan: This report is being distributed in Japan by BNP Paribas and/or a branch, subsidiary or affiliate of BNP Paribas that is not registered as a

financial instruments firm in Japan. This report is provided for information purposes only and it is not intended to solicit any orders for securities

transactions. While we believe that the data and information contained in this report is obtained from reliable sources, we do not guarantee the accuracy

or completeness of such data and information.

Jersey: An investment in the securities that are the subject of this report is only suitable for sophisticated investors who understand the risks involved

in acquiring such an investment. Neither BNP Paribas nor the activities of any functionary with regard to this report are subject to all the provisions of

the Financial Services (Jersey) Law 1998.

Kingdom of Saudi Arabia: This report may not be distributed in the Kingdom except to such persons as are permitted under the Rules on the Offer

of Securities and Continuing Obligations issued by the Capital Market Authority. The Capital Market Authority does not make any representation as to