NEW AMSTERDAM CAPITAL MANAGEMENT LTD (“NAC”) – WEB SITE TERMS AND CONDITIONS

Your use of this Web Site operated from URL “www.nacfinance.com” (“Web Site”) is subject to the following terms and conditions as may be amended by us from time to time (“Terms”). By using this Web Site you signify your consent to abide by its Terms and the regulatory restrictions governing the use of this Web Site. If you do not agree with these terms, please do not use the Web Site. On each occasion you access this Web Site you will be deemed to have accepted these Terms.

1. Use of the Web Site
Subject to you agreeing to these Terms, we allow you to use the Web Site for your personal, non-commercial use. You may not use the Web Site to:
• interfere with or disrupt any network or Web Site connected to the Web Site;
• interfere with the enjoyment or use of the Web Site by any other person; and/or
• gain unauthorised access to our or other computer systems.

2. General Conditions
Nothing on our Web Site shall constitute an offer of or the solicitation of an offer by us to buy or sell from or to any person any goods, services, investments, or securities or provide investment advice to engage in any other transaction.

We may terminate, change or suspend any part of this Web Site including any content, features, hours of availability or these Terms at any time. Any changes which we make to these Terms will be effective immediately upon notice being posted on the Web Site and continued use of this Web Site after we have made any such changes will signify your consent to the changes.

3. Amendments
Any changes which we make to these Web Site Terms will be effective immediately upon notice being posted on the Web Site.

4. No Liability for Web Site Provision
Use of this Web Site requires internet connectivity and telecommunications links. We will not be liable to you for any telephone or other costs that you may incur in using the Web Site.

5. Intellectual Property
The content of the Web Site is protected by copyright, trade marks, database and other intellectual property rights, and we will take action against any and all third parties who we believe are infringing such rights. Provided you retain all and any copyright and proprietary notices, you may:

• retrieve and display the content of the Web Site on a computer screen;
• store it in electronic form (except that you may not store it on any server or other storage device connected to a network); and/or
• print copies of the content for your own personal non-commercial use.

Except with our prior written consent you may not reproduce, modify, copy, distribute or use for commercial purposes any of the materials or content on the Web Site.

Use of the Web Site does not constitute a licence for you to use any trade marks, designs and/or logos of NAC.

6. No Advice
You should not rely on any information or opinions contained in this Web Site for making an investment or other decision but should obtain relevant and specific professional advice. No information contained on this Web Site constitutes or should be construed to constitute investment advice. The information contained on this Web Site shall in no way be construed to constitute a recommendation with respect to the purchase or sale of any investment.

7. Liability
The Web Site is provided “as is”. Whilst we have taken every care in the preparation of the content of the Web Site we cannot guarantee that it is accurate or complete and no representation or warranty is given in this regard. The information and opinions contained in this Web Site are provided by NAC for information purposes only.

You agree that we will not be liable to you or any third party for any loss of business; loss of revenue; loss of profits; loss of anticipated savings; wasted expenditure, loss of privacy and/or loss of data which arises out of or is related to your use of the Web Site.

We shall not be liable to you for our failure to perform any of our obligations arising out of the failure of any computer equipment or telecommunications link beyond our reasonable control and nor shall we be liable to any person for any loss or damage which may arise from the use or misuse of any of the information contained in any materials on the Web Site.

This limitation of liability applies to all damages of any kind, including compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property and claims of third parties.

8. Cookies
When you use the Web Site it stores data created by its web server on your computer’s hard drive otherwise known as “cookies”. These “cookies” are used to track your usage patterns and preferences making the Web Site quicker and easier for you to use. You can disable or refuse these “cookies” by selecting the “cookie” option in your browser. If you do so, you may not be able to use the Web Site properly.

9. Third Party Sites
The Web Site may include links to third party web sites from time to time (“Third Party Site(s)”). You acknowledge and agree that we will not be responsible for the availability of such Third Party Sites and will not be responsible or liable for any content or services available from such Third Party Sites. You should check the privacy statements and terms and conditions of use of Third Party Sites accessible from our Web Site.

10. Information Sent to NAC Email Addresses
You should not send information which is subject to confidentiality provisions or which could be considered proprietary to the general e-mail addresses listed on the Web Site. By submitting such information, you, or anyone acting on your behalf, agree that any such information will not be considered confidential or proprietary.

11. General
If any part of these Terms is found to be void or unenforceable, it will be severed from the rest to the extent that it does not affect the validity and enforceability of the remainder.

12. No Assignment
You may not assign, sub-license or otherwise transfer any of your rights under the Terms.

13. Headings
The headings used in the Terms are for convenience only and shall not affect the interpretation of those provisions.

14. Governing Law
These terms are governed by and construed in accordance with the laws of England. You agree to submit to the exclusive jurisdiction of the English Courts.

15. Further Information
The “nacfinance.com” Web Site is owned and operated by New Amsterdam Capital Management Ltd, a private limited company registered in England under number 9119715 and with its registered office at 71-75 Shelton Street, London WC2H 9JQ. Telephone: +44 (0)20 7529 1245. Email: info@nacfinance.com.