General Disclaimer

Last Updated: August 2007

Non Reliance
This site is information of a general nature and only relates to the opinion of ARC Associates ("ARC"). ARC makes no representation that opinions and information on the ARC website are accurate. Nothing contained on the ARC Website constitutes or is deemed to constitute, legal, tax, financial, investment or other advice nor is it to be used for, or relied upon, to make any investment or other decision. You should obtain specific, relevant professional advice prior to making any investment or other decision.

Limitation of Liability
ARC shall not be liable for any loss or damage of any nature whatsoever, arising directly or indirectly, or from the use of information on our website or unauthorised access to this website. Nothing on the ARC Website should be construed as a solicitation, offer or recommendation to provide investment services or advice to acquire or dispose of any investment or to engage in any other type of transaction. ARC is authorised and regulated by the Financial Services Authority ("FSA") to provide advice to corporate customers only, no individual is entitled to receive advice from ARC or should rely in any way on the contents of this website for any purpose whatsoever.

Links
When you access certain links on the ARC website you may leave the site. Any external links that are not under the ARC domain are not under our control. ARC has no responsibility in relation to the content, legality, opinions, information, accuracy or reliability of information of such websites.

Use of the ARC Website
The entire content of this ARC website is subject to copyright with all rights reserved. All web site design, text, graphics, software compilations, underlying source code, software and all other material on this site are copyright of ARC. You may save or print a hard copy of individual pages and or sections of the website, provided copyright or other proprietary notices are not removed.

Material Interest
ARC executive management and employees may have, or have had, interests or owned positions or acted as advisor to companies mentioned in the website, or may otherwise be associated with various securities. Such persons also may have, or have had, a relationship with or may provide or have provided corporate finance or other services. Also, such persons may serve or have served as directors of relevant companies.