Permanent Interest Bearing Shares

The PIBS will not be a suitable investment for all investors. An investment in the PIBS involves certain risks. Prospective investors in the PIBS should ensure that they determine the suitability of PIBS as an investment in light of their own circumstances. In particular,

The PIBS will not be a suitable investment for all investors. An investment in the PIBS involves certain risks. Prospective investors in the PIBS should ensure that they determine the suitability of PIBS as an investment in light of their own circumstances. In particular, each potential investor may wish to consider, either on its own or with the help of such financial, legal, tax or other professional advisers as it considers appropriate, whether it has sufficient knowledge and experience to make a meaningful evaluation of the PIBS and the merits and risks of an investment in the PIBS, and sufficient financial resources to bear the risks of an investment in the PIBS. Prospective investors are recommended to seek advice from their financial, legal, tax and other professional advisers in connection with any investment or proposed investment in the PIBS.