This communication has been prepared by Barclays Capital Inc. for general information purposes only. No part of this communication is intended to constitute business, investment, financial, bidding, property, or legal advice and should not be relied upon by any party as a substitute for professional advice. With this communication, Barclays is not seeking or offering to enter into any transaction with any party. Any information provided herein was not prepared for or intended for use by any individual for personal, family or household purposes.

This material has not been produced by the Barclays Group’s research department and does not constitute investment research or a research recommendation for the purposes of Financial Conduct Authority rules or a research report under U.S. law. The Barclays Group’s research analysts and research departments are independent from Barclays’ banking business and are subject to certain regulations and internal policies. The Barclays Group’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to any company referred to herein, the transactions contemplated herein or any person involved therein or related thereto that differ from or are inconsistent with the views or advice communicated by Barclays’ banking business.

All opinions are given as of the date hereof and are subject to change, and Barclays assumes no obligation to update this document to reflect any such changes. The information herein is not intended to predict actual results and no assurances are given with respect thereto.

The recipient is responsible for making its own independent investigation and appraisal of the risks, benefits, appropriateness and suitability of any corporate transaction or commercial or business matter contemplated by this document. Barclays is not making any recommendation (personal, family, household or otherwise) or giving any investment or legal advice. The decision to proceed with any corporate transaction or commercial or business action contemplated by this document must be made by the recipient in light of its own commercial assessments, and Barclays will not be responsible for such assessments. Barclays is not responsible for providing or arranging for the provision of any general financial, strategic or specialist advice, including legal, regulatory, accounting, model auditing or taxation advice or services or any other services in relation to the corporate transaction and/or any related securities described herein.

Neither Barclays nor any of its subsidiaries or affiliates, nor any of their respective officers, directors, employees, agents, advisors or other representatives (Barclays together with such persons being the “Barclays Group”) accepts any liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this document or its contents or any reliance on the information contained herein. Barclays Group is not responsible for any specialist advice, including legal, regulatory, accounting, model accounting, tax, actuarial or other advice.

This document does not constitute nor does it form part of an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities or any of the businesses or assets described herein or an offer or recommendation to enter into any business or commercial transaction described herein nor does this document constitute an offer or commitment to provide, arrange or underwrite any financing.

Barclays Capital Inc. is the United States investment bank of Barclays Bank PLC. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702). Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP. Copyright Barclays Bank PLC, 2024 (all rights reserved).