Arctic: Shipping Daily - Tankers, LPG, STNG, FLNG, TRMD, ALNG

Research evidence excerpt

Arctic: Shipping Daily - Tankers, LPG, STNG, FLNG, TRMD, ALNG

tation with their own investment, legal, tax, regulatory and accounting advisors, the

economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction.

This report and the information provided herein is not intended to constitute, and does not constitute, an offer to the public or solicitation to purchase or invest in the securities discussed herein. The securities discussed herein have not been and will not be publicly offered, sold or marketed, directly or

indirectly, in or into Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”), except under the following exemptions under the FinSA: (i) to any investor that qualifies as a professional client within the meaning of the FinSA, or (ii) in any other circumstances falling within Article 36 of the

FinSA, provided, in each case, that no such offer of securities referred to in (i) through (ii) above shall require the publication of a prospectus for offers of securities pursuant to the FinSA. The securities discussed herein have not been and will not be admitted to trading on any trading venue in Switzerland.

Neither this report nor any other marketing or offering material relating to the securities discussed herein constitutes a prospectus within the meaning of the FinSA, and has not been, and will not be, filed with, or reviewed or approved by, a Swiss review authority, and does not comply with the

disclosure requirements applicable to a prospectus within the meaning of the FinSA.