Please read the following carefully as it contains the conditions governing any electronic communications, including attachments thereto, between you and Barclays. By messaging with Barclays you agree to these terms and conditions of use.

Unless specifically stated in the message or otherwise indicated, you may not duplicate, redistribute or forward this message or any portion thereof, including any attachments, by any means to any other person.

Barclays may amend these terms and conditions at any time without notice. You should check this webpage from time to time to review the current terms and conditions because they are binding on you.

Unless otherwise specifically indicated, the contents of any electronic communication (including e-mail, instant message, text messaging, etc.) and its attachments are for informational purposes only, and should not be regarded as an offer or solicitation to buy or sell a product or service, an official confirmation of any transaction, an official valuation, or an official statement of Barclays.

It is directed at persons who are professionals and is not intended for retail customer use. Attachments that are part of an electronic communication may have additional important disclosures and disclaimers, which you should read.

Electronic communications may contain privileged or confidential information, or may otherwise be protected by work product immunity or other legal rules. No confidentiality or privilege is waived or lost by any mis-transmission. Access, copying or re-use of information by non-intended or non-authorized recipients is prohibited. If you are not an intended recipient of an electronic communication, please notify the sender, delete it and do not read, act upon, print, disclose, copy, retain or redistribute any portion of such electronic communication.

Electronic communications are not intended for distribution to, or use by, any person or entity in any location where such distribution or use would be contrary to law or regulation, or which would subject any Barclays affiliate to any registration requirement within such location. Barclays does not waive any intellectual property rights in any electronic communication.

Barclays cannot provide absolute assurances that all electronic transmissions (sent or received) are secure, error free, not corrupted, incomplete or virus free and/or that they won’t be lost, mis-delivered, destroyed, delayed, or intercepted/decrypted by others. Therefore, Barclays advises against sending sensitive or personally identifiable information via electronic communications and disclaims all liability with regard to electronic communications (and the contents therein) if they are corrupted, lost, destroyed, delayed, incomplete, mis-delivered, intercepted, decrypted or otherwise misappropriated by others.

Information in an electronic communication is subject to change without notice and unless otherwise indicated, the views expressed are the author’s and may differ from those of others within Barclays. The information represents a view as of the date of the electronic communication and is subject to change and/or withdrawal at any time without notice.

Any electronic communication that is conducted within or through Barclays systems will be subject to being archived, monitored and produced to regulators and in litigation in accordance with Barclays’ policy and local laws, rules and regulations. Unless expressly prohibited by local law, electronic communications may be archived in countries other than the country in which you are located, and may be treated in accordance with the laws and regulations of the country of each individual included in the entire message chain.

The information in an electronic communication is not intended to replace a recipient’s own internal business processes for evaluating proposed transactions. Recipients should seek financial advice regarding the appropriateness of investing in any securities referred to in an electronic communication and should understand that statements regarding future prospects of the instruments or the securities included in them may not be realized.

There can be no assurance that the securities or other financial products or services mentioned in an electronic communication could be sold or bought at such prices from Barclays or another party or market participants. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment.

Barclays is not an advisor and will not provide any advice relating to a product. Before making an investment decision, investors should ensure they have sufficient information to ascertain the legal, financial, tax and regulatory consequences of an investment to enable them to make an informed investment decision. Barclays shall not be a fiduciary or advisor unless it has agreed in writing to receive compensation specifically to act in such capacities.

IRS CIRCULAR 230 DISCLOSURE: Barclays does not provide tax advice. Please note that (i) any discussion of US tax matters contained in this communication (including any attachments) cannot be used by the investor or counterparty for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) the investor or counterparty should seek advice based on its particular circumstances from an independent tax advisor.

References to “Barclays” are references to any company in the Barclays group of companies. An electronic communication may relate to or be sent from other members of the Barclays group of companies.

Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is incorporated in the United Kingdom with limited liability. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the London Stock Exchange. Barclays Bank PLC is registered in England No. 1026167 with its registered office at 1 Churchill Place, London E14 5HP.