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Captor Fund Management AB (“Captor”) disclaims all liability relating to the material, including, without limitation, any express or implied representations or warranties for statements or errors contained in, or omissions from, these materials. Certain assumptions may have been made in the preparation thereof. This material is based on information from sources believed to be reliable, but no representation is made that it is accurate or complete. Past performance is not necessarily indicative of future returns. Price, availability, and other information is subject to change without prior notice.

The material has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any form of investment. This information is not investment or tax advice or an investment recommendation. You should consult with your own tax, legal, and investment adviser on any such decisions. The materials and information contained and described herein are proprietary to Captor.