DISCLAIMER

The information contained in this communication (the "Information") has been sent by DBS Bank India Ltd. and/or DBS Bank Ltd. and/or any of its related companies or affiliates (which includes any of their respective directors or employees (collectively, the "DBS Group"). It has been provided for general information purposes only and does not constitute either (i) legal, commercial or professional advice or (ii) an offer, an invitation or a recommendation to enter into any transaction, and (in each case) should not be relied on as such.

Further, the Information may be incomplete or condensed and may be based on information or opinions obtained from third party sources which DBS Group believes to be reliable as at the date it was provided however, and to the maximum extent permitted by law, DBS Group makes no representation or warranty (express or implied) as to its accuracy, completeness or correctness of that information or opinion for any particular purpose. For the avoidance of doubt, DBS Group does not have any control over any third-party websites or the information from those third party sources and does not in any way confirm or represent the reliability or the accuracy, completeness or correctness of the information contained on those websites or from those sources.

Subsequent changes to applicable laws, regulation and industry guidance may have an impact or affect the contents of the Information (including in connection with benchmark reform). By providing the Information, DBS Group is under no obligation to update or review the information comprised in the Information after the date it was provided or to notify the recipient of any subsequent changes affecting the Information (whether in whole or part) arising following updates to applicable laws, regulation or industry guidance. Where the Information is publicised to the recipient by way of a website the date it was first uploaded electronically by DBS Group shall be construed as the date the Information was initially published and accordingly, if any revisions are made to the website after it is published, DBS Group shall not be required to notify the recipient of all or any such amendments or revisions.

The recipient should not act or should refrain from acting on the basis of the Information without first seeking advice from its own legal, tax or other professional advisors. DBS Group does not accept or assume any liability for the information set out in the Information nor for any loss or damages of any kind incurred by the recipient or anyone in connection with acting or refraining to act on such information. Information contained in the Information may not be reproduced, quoted, or disseminated (in whole or part) without prior consent of DBS Group and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution, publication, availability, or use would be contrary to applicable law or regulation (including any licensing or registration requirement).