REG S/144A Disclaimer

The securities referenced on this confirmation may be restricted securities that have been offered and sold pursuant to Regulation S ("Reg S Securities"), or Rule 144A regarding offers and sales to Qualified Institutional Buyers within the meaning of this Rule. These securities may be issued by a non-U.S. issuer and may be identified on Bloomberg as a Reg S security. These securities may be traded during a 40 calendar day period following their date of issuance and may be sold freely in the U.S. only under an exemption from registration and after any restrictive legend has been removed from the security.

Note that other securities traded with you may be neither a Reg S, 144A nor other restricted security and may be freely tradable under applicable U.S. securities law.