C A S T L E CO U R T D U D L E Y PARK COURT

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1 CASTLE COURT DUDLEY

2 02 WELCOME WE LC OM E TO COLORDARCY 06 THE LOCATION 12 THE PROPERTY 28 INVESTMENT PLANS AS INCOME THROUGH PROPERT Y SPECIALISTS, WE ARE PASSIONATE OUT PROVIDING AFFORDLE UK PROPERT Y AS A LONG-TERM INVESTMENT TOOL. 36 OUT US OUR PRODUCT ALLOWS THE OPPORTUNIT Y TO PURCHASE PRIME UK STOCK AT DISCOUNTED PRICES, UTILISING A RANGE OF SPECIALLY DEVISED PAYMENT PL ANS. BECAUSE OF THIS RARE COMBINATION WE RE LE TO WELCOME A FAR WIDER INVESTOR AUDIENCE ONE WHICH BUYS- IN TO OUR BELIEF THAT THIS TANGIBLE, BRICKS AND MORTAR ASSET SHOULD FORM PART OF EVERY INVESTORS SPREAD OF INVESTMENTS. 3

3 THE MIX OF COMPONENTS UNDERPINNING OUR PRODUCT IS TOTALLY UNIQUE TO THE PROPERTY INDUSTRY DESIGNED TO SUIT OUR CLIENTS CURRENT FINANCIAL CIRCUMSTANCES AND FUTURE LONG TERM INCOME REQUIREMENTS... NO LUMP SUM Deposit is paid monthly across 2 year build period AFFORDILITY Discounts are proven by what is selling locally. We guarantee you won t find the same value for money for the same specification level anywhere else 7 YEAR PRE-PAID RENTAL GUARANTEE Rent paid to you from date of completion, upfront for 7 years so mortgage payments are covered by your rental income. I d like to build on an existing portfolio, but have limited lump sum allowance due to capital tied up in these investments I m a first time buyer who d otherwise stand little chance of acquiring the level of deposit that today s market requires 7 HANDS OFF INVESTMENT From initial reservation through to rental management, Colordarcy take care of everything allowing an arm chair property purchase, management and investment experience RANGE OF PAYMENT PLANS A choice of payment options available to suit your individual circumstances and long term financial goals TAX FRIENDLY An ideal investment option utilising pension draw-downs as part of the revised UK tax rules I m a home owner wishing to purchase further properties OWNING THE UNDERLYING PROPERTY YET ENJOYING THE CONVENIENCE OF PAYING IN A WAY SUITED TO YOU, OFFERS VALUED We re over 55 and looking for an investment where we can keep tax payments low and take advantage of our pension drawdown availability REASSURANCE THAT YOUR MONEY IS SAFELY TIED INTO AN INCOME PRODUCING ASSET OF WHICH YOU HAVE FULL CONTROL. 5

4 IT S ALL OUT THE LOCATION REASONS TO LOVE DUDLEY 7

5 INTRODUCING DUDLEY DUDLEY IS A THRIVING ECONOMIC TOWN IN THE CENTRE OF ENGLAND, LESS THAN 8 MILES FROM THE VIBRANT CITY OF BIRMINGHAM - LESS THAN 8 MILES FROM BIRMINGHAM, THE UK S SECOND CITY - CENTRAL LOCATION WITH EASY ACCESS BY RAIL AND ROAD TO MANCHESTER AND LONDON - GOOD PROXIMITY TO THE MOTORWAY NETWORK, OFFERING SHORTER TRAVEL TIMES TO THE COUNTRY S KEY LOCATIONS AND CITIES. THE AREA IS ATTRACTING A WIDENING CROSS SECTION OF HOME BUYERS AND RENTERS, KEEN TO CAPITALISE ON A MORE AFFORDLE RENTAL PROPOSITION THAN INNER CITY BIRMINGHAM. THIS, COMBINED WITH A GREAT CHOICE OF SCHOOLS AND EXCELLENT DIRECT TRANSPORT LINKS TO REST OF THE UK EXPLAINS WHY THE AREA CONTINUES TO SEE SIGNIFICANT INVESTMENT & HIGH RENTAL DEMAND. GLASGOW EDINBURGH - A FRONT-RUNNER DURING INDUSTRIAL REVOLUTION, THE TOWN STILL BURSTS WITH PRIDE. EVIDENCE OF THIS IS PLENTIFUL ACROSS THE MANY WORLD FAMOUS MUSEUMS AND HISTORICAL ATTRACTIONS IN THE AREA - DIRECT ACCESS FROM DEVELOPMENT TO BYPASS, LINKING M5 AND M6 MOTORWAYS - LESS THAN 30 MINS TO BIRMINGHAM INTERNATIONAL AIRPORT - ONE OF THE HIGHEST SUPERFAST BROADBAND AVAILILITIES IN THE UK AT 95.6% BELFAST NEWCASTLE LEEDS LIVERPOOL MANCHESTER DUDLEY BIRMINGHAM CARDIFF BRISTOL LONDON 9

6 01 BIRMINGHAM WITH ITS RICH INDUSTRIAL HERITAGE, DUDLEY IS NOT ONLY A THRIVING BUSINESS LOCATION IN ITS OWN RIGHT, BUT BENEFITS HUGELY FROM ITS CLOSE PROXIMITY TO THE COSMOPOLITAN CITY OF BIRMINGHAM, JUST A FEW MILES AWAY. 05 LINKS TO LONDON EXCELLENT TRANSPORT LINKS MAKE EXCELLENT ACCESSIBILITY. DUDLEY S DIRECT TRAINS LINK LONDON EUSTON IN 90 MINUTES, BIRMINGHAM IN UNDER 10. THE PLANNED HIGH SPEED RAIL (HS2) WILL WELCOME AN ESTIMATED 1.5BN AND 22,000 JOBS TO THE REGION, BRINGING THE CAPITAL EVEN CLOSER 02 ARTS & CULTURE DUDLEY IS WITHIN EASY REACH OF A HOST OF INTERNATIONALLY ACCLAIMED ARTS VENUES SUCH AS THE MAC ARTS CENTRE, INTERNATIONAL CONVENTION CENTRE, BARCLAY CARD ARENA, O2 ACADEMY & THE NATIONAL EXHIBITION CENTRE 06 TRANSPORT A GREAT CENTRAL LOCATION CONNECTS DUDLEY CONVENIENTLY TO THE MOTORWAY NETWORK, WHILE BIRMINGHAM S INTERNATIONAL AIRPORT CONNECTS THE REGION TO THE REST OF THE WORLD 03 SHOPPING & LIFESTYLE AS WELL AS DUDLEY S OWN PEDESTRIANIZED TOWN CENTRE, YOU ARE ONLY MINUTES AWAY FROM INTU S MERRY HILL & EUROPE S SHOPPING CAPITAL, BIRMINGHAM, WITH THE BULLRING, GRAND CENTRAL & THE MAILBOX 07 EDUCATION WITH BIRMINGHAM S 3 UNIVERSITIES JUST MINUTES AWAY AND A HOST OF OUTSTANDING SCHOOLS AND COLLEGES IN THE AREA, DUDLEY IS PROUD OF ITS REPUTATION AS A FIRST-CLASS EDUCATION PROVIDER 04 BARS & RESTAURANTS WHILE DUDLEY IS WORLD FAMOUS FOR ITS INDIAN BALTI CUISINE, BIRMINGHAM IS PROUD TO HOLD THE MOST MICHELIN STARS OUTSIDE OF LONDON. 08 INVESTMENT AREA DUDLEY HAS LONG BEEN AN INDUSTRIOUS AREA, WITH MANY BIG BRANDS MAKING THEIR COMMERCIAL HOME IN THE TOWN. THE AREA OFFERS ENDLESS INTERNATIONAL BUSINESS OPPORTUNITIES, MAKING IT AN IDEAL LOCATION TO INVEST IN.

7 THE PROPERTY C A S T L E COURT 13

8 INTRODUCING A MIX OF 141 ONE AND TWO BEDROOMED APARTMENTS WITHIN A STYLISH, 8-STOREY CONVERSION, IN THE HEART OF A THRIVING MARKET TOWN. Not only a flourishing economic location in its own right, Dudley sits less than 8 miles from the vibrant city of Birmingham. This makes it excellently positioned to feast off the benefits of a forward thinking, dynamic city. Energised by the youngest population in Europe, the region continues to enjoy wealth of investment and regeneration and as a result, retain its position as one of the UK s top property investment hotspots. 15

9 SOUTH ASPECT ST. THOMAS CHURCH WEST ASPECT CASTLE COURT A WIDE RANGE OF AMENITIES, ATTRACTIONS AND CHURCHILL SHOPPING CENTRE DUDLEY TOWN CENTRE LEISURE ACTIVITIES CAN ALL BE ACCESSED EASILY FROM S IDEAL TOWN CENTRE LOCATION, WITH DUDLEY HIGH STREET JUST A FEW MINUTES WALK FROM THE DEVELOPMENT. HOSPITAL & NATURE RESERVE DUDLEY BUS STATION ITS RETAIL OFFERING IS FURTHER IMPROVED WITH THE POPULAR INTU MERRY HILL SHOPPING CENTRE NEARBY, WITH OVER 230 STORES, 50 EATERIES AND MULTIPLEX CINEMA. DUDLEY CASTLE & ZOO Direct access to Dudley bypass offers excellent access to the M5 Junction 2, effectively linking both the local and wider regions. Good quality bus and coach facilities can be found in walking distance to the development. Direct trains to London, Birmingham, Solihull, Stratford and Worcester as well as connecting s to Manchester and other key cities can all be accessed via the town s train station. As a region spoilt with cultural landmarks and rolling countryside, attractive views from the property are in good supply. Beyond the city centre skyline, the sprawling Clent Hills can be enjoyed from EAST ASPECT BIRMINGHAM & M5 MOTORWAY NORTH ASPECT the development s East facing apartments and landmark, Dudley Castle from the North. 17

10 141 APARTMENTS 84,996 STARTING PRICE Choice of PAYMENT PLANS One & Two BEDROOM APARTMENTS - ONE BEDS FROM 84,996 - TWO BEDS FROM 101,996 - STARTING FROM JUST 24 PAYMENTS OF 1063 (+RESERVATION FEES) - YIELDS OF OVER 7% - ESTIMATED GROSS RENTAL INCOME / 7200 PA 19

11 A GREAT CENTRAL LOCATION COMMUTING TO LONDON WILL BE MADE EVEN MORE QUICK AND EASY FROM THE MIDLANDS, WITH THE PROPOSED HS2 (HIGH SPEED RAIL) NETWORK. WALK from Castle Court Apartments TRAIN from Dudley Rail Station DRIVE from Castle Court Apartments 2mins DUDLEY TOWN CENTRE 25mins BIRMINGHAM 3mins CASTLE HIGH SCHOOL 5mins COACH STATION 40mins WOLVERHAMPTON 14mins WEST MIDLANDS HOSPITAL 10mins DUDLEY COLLEGE 1hr 30mins MANCHESTER 30mins BIRMINGHAM CITY CENTRE 15mins DUDLEY CASTLE 1hr 35mins LONDON 40mins BIRMINGHAM AIRPORT LOCATION, COMMUTILITY, SCHOOLS, EXCELLENT TRANSPORT LINKS... THE MIDLANDS HAS IT ALL. 21

12 THE FINISHING TOUCHES Floor Plan GROUND FLOOR & LEVEL 1 1 BED APARTMENTS 2 BED APARTMENTS ALL HOMES WILL OFFER CONTEMPORARY OPEN PLAN LIVING AND DINING SPACE WITH OVERSIZED WINDOWS (WHERE POSSIBLE) ENSURING MAXIMUM NATURAL LIGHT. WITH HARD WOOD VENEER FLOORS AND STAINLESS STEEL SOCKETS THROUGHOUT, THESE HIGH GRADE SPECIFICATIONS 007 Unit 007 2bed 007 Unit 007 2bed 005 Unit Unit Unit Unit Unit Unit 001 COMBINED WITH CUSTOM BUILT KITCHENS, INTEGRAL APPLIANCES AND STYLISH BATHROOM DESIGNS COME AS STANDARD FOR COLORDARCY CLIENTS, OFFERING A HOME WITH STYLE, LUXURY AND COMFORT 006 Unit Unit Ground floor : Unit m² 004 Unit m² 002 Unit m² 002 Unit m² Ground floor : 150 BATHROOM LIGHTING TOILET VANITY UNIT BASIN BASIN MIXER TAP 015 Unit Unit Unit Unit Unit Unit Unit Unit 102 SHOWER ROSE SHOWER SHELF TOWEL RAIL KITCHEN LIGHTING OVEN COOKER TOP RANGE HOOD CUPBOARDS WORKTOPS 014 Unit Unit First floor : First floor : Unit Unit Unit beds Unit beds 008 Unit Unit 101 SPLASHBACK ONE & A HALF SINK MIXER TAP 23

13 2bed 023 Unit 208 Floor Plan FLOOR 2 & Unit Unit Unit BED APARTMENTS 2 BED APARTMENTS 025 Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 217 2bed 023 Unit Unit Unit Unit Second floor : Unit Unit Unit Unit Unit Unit Unit Unit Unit Second floor : Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Third floor : Unit Unit Unit Unit Unit

14 Floor Plan FLOOR 4 & 5 1 BED APARTMENTS 2 BED APARTMENTS 060 Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Fourth floor : Unit Unit Unit Unit Unit Unit Fourth floor : Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Fifth floor : Unit Unit Unit Unit Unit Unit Fifth floor :

15 Floor Plan FLOOR 6 & 7 1 BED APARTMENTS 2 BED APARTMENTS 096 Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Sixth floor : Unit Unit Unit Unit Unit Unit Sixth floor : Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Seventh floor : Unit Unit Unit Unit Unit Unit Seventh floor :

16 Floor Plan FLOOR 8 1 BED APARTMENTS 2 BED APARTMENTS 132 Unit Unit Unit Unit Unit Unit Unit Unit Unit 802 new AOV 133 Unit Unit Unit Unit Unit Unit Unit Unit Unit Eight floor :

17 CHOOSE YOUR PERFECT INVESTMENT Payment plans designed with you in mind 33

18 Let our figures DO THE TALKING LOCAL MARKET SALES AND RENTAL VALUES FOR NEW BUILD PROPERTIES IN THE AREA ARE CURRENTLY ACHIEVING AN AVERAGE OF OVER PER SQ. FT. This figure is generated based on evidence from certified valuations of at least four comparable properties within a one mile radius of Castle Court. Our development is available to Colordarcy clients, after discount, at values averaging per sq. ft. a minimum saving of over 20%. Whichever local property you choose to compare against the values presented for our Castle Court homes, we guarantee you will not find the same value for money. The discounts we show are real; they are proven by what is selling locally so we are confident, passionate even, that our prices cannot be beaten. 35

19 Payment Plan 01 THE MONTHLY MORTGAGE PLAN Payment Plan 02 THE LUMP SUM PLAN An innovative, fully asset-backed savings plan that presents an appealing alternative to a traditional savings plan. Pay a 3% developer access amount (minimum of 3000) plus legal fees. Your 30% deposit is then divided by the number of build term months and paid on a monthly basis. This option is perfectly suited to clients without large lump sums accessible or those who d prefer to keep existing investments where they are. Payments are made across an average build term of 24 months. Pay 8 payments of 12.5% across a scheduled two year period, where at the 24th month you can either keep hold of the property and receive the rental income, or sell the property on. For investors keen to trade property yet remain at arm s length from the process, the sell-on option presents a great alternative. Similarly, those wishing to receive the rental income can enjoy a full lettings and management as part of this plan. Both options are handled by us, yet our clients still benefit from the discipline of a savings plan.. SUMMARY GBP SUMMARY GBP Purchase Price 101, Purchase Price 101, RESERVATION AND EXCHANGE THE MONTHLY MORTGAGE PLAN RESERVATION AND EXCHANGE THE LUMP SUM PLAN Developer Access Amount 3% (minimum 3000) 3, Developer Access Amount 3% (minimum 3000) 3, Legal Fees + disbursements Legal Fees + disbursements Reservation / Exchange stage total due 3, Reservation / Exchange stage total due 3, % MONTHLY PAYMENT STAGE 30, PAYMENT STAGES 30% deposit divided by 24 months build schedule x24 1, Stage Q1 12, Stage Q2 12, COMPLETION STAGE 70% of purchase price by way of mortgage Mortgage arrangement fee (estimated) Amount Due at Completion Stage 71, , , Stage Q3 4 Stage Q4 5 Stage Q5 6 Stage Q6 7 Stage Q7 12, , , , , INCOME 8 Stage Q8 12, Estimated Gross Rental Income Per month 600/ Per annum 7, INCOME Yield based on above Estimated Gross Rental 7.10% Estimated Gross Rental Income Per month / Per annum 7, EXPENSES Estimated Gross Rental Yield based on above 7.00% Service Charge (estimated) EXPENSES Ground Rent (estimated) Service Charge (estimated) Tenant Management 8% + vat Ground Rent (estimated) Total Expenses Per month / Per annum 1, Tenant Management 8% + vat INCOME NET OF EXPENSES SUBJECT TO MORTGAGE PER MONTH / PER ANNUM 5, Total Expenses INCOME NET OF EXPENSES SUBJECT TO MORTGAGE Per month / Per annum 1, PER MONTH / PER ANNUM 5,

20 RENTAL ASSURANCE What s in it for me? WHY INVEST WITH COLORDARCY? 7 YEAR PRE-PAID RENTAL GUARANTEE Totally standard UK properties in desirable owner occupier locations, fully managed and providing the best yields with capital appreciation over the long term. UK property at institutional prices i.e. accessing individual discounted property at fund manager prices. Deposits payable monthly over two years with no lump sum required - the only property pension plan of this type on the market today. From a time management point of view, the fact that all cost and letting management issues are organised as part of the package is a major bonus for me. I ve bought numerous properties already, and shall continue to do so. Simon Browne - Logistics Director, GSK WORKING WITH LEADING FINANCIAL FIRM, THE RICHMOND GROUP (TRG) WE RE LE TO OFFER ALL OUR CLIENTS AN UNMATCHLE RENTAL GUARANTEE. LetMe, property arm of TRG s 180 million business offer a guaranteed rent, paid in advance annually, across a 7 year period with a property condition guarantee. Agreements are renewable after 7 years A complete hands-off property investment, as we are geared up to manage the whole process from start to finish and post completion. Mortgages, 100% covered by rental ssurance plans from completion. Strong yields Properties starting from just 24 payments of 1,063 Followed by rental income. I required lots of detailed information in order to make my decision - all of which I received in a concise and accurate manner. Completion went very smoothly as did letting management. I have recommended the s to other sporting professionals within my organisation Cyrille Regis - MBE Rental levels have been agreed across all of the current developments with the agreed rental amount paid upfront. KEY BENEFITS : - NO TENANT SOURCING FEES - 8% MANAGEMENT FEES - NO RENTAL VOIDS I feel confident and assured that this income producing asset was the right decision for my pension. I have no hesitation in recommending Joe as a knowledgeable, passionate advisor who gives his clients an individual. - NO MAINTENANCE FEES Meino Meines - Head of Dutch Stream Panaga school, Brunei 39

21 Recent DEVELOPMENTS WE STRIVE TO ENSURE THAT OUR CLIENTS RECEIVE THE VERY BEST EXPERIENCE WHEN INVESTING IN OUR PRODUCT. WITH OVER 56% OF OUR CLIENTS GOING ON TO BUY A SECOND PROPERTY AFTER TWO YEARS, THAT S A GREAT SIGN WE RE GETTING IT RIGHT. St. Peter's Place DERBY, CITY CENTRE LINCOLNSHIRE PETERBOROUGH, CAMBRIDGE SOUTHEND, ESSEX KEIGHLEY, WEST YORKSHIRE DERBY CITY CENTRE Parkwood Court KEIGHLEY, WEST YORKSHIRE PETERBOROUGH, CAMBRIDGE BIRMINGHAM CITY CENTRE DRAYCOT, DERBYSHIRE NEWARK, NOTTINGHAMSHIRE BIRMINGHAM CITY CENTRE PETERBOROUGH, CAMBRIDGE NEWARK, NOTTINGHAMSHIRE BIRMINGHAM CITY CENTRE BIRMINGHAM CITY CENTRE 41

22 THE BIGGER PICTURE Since the birth of the buy-to-let mortgage 18 years ago, the average return produced from a buy-to-let investment has significantly outstripped those gained via other major asset classes. Additionally, UK landlords are benefiting from falling mortgage charges and longer fixed-rate deals as the competition between mortgage lenders hot s up. Our product is perfectly positioned to capitalise on this, delivering secure long term investment, eliminating risk with the reassurance of a tangible asset. By comparing property to the other most popular investment and savings plans, it s clear to see the added value and security it brings to a traditional savings plan. CONTACT US INCOME PRODUCED IN RETIREMENT BASED ON 25,000 INVESTMENT This graph compares the level of income generated by the five main pension investment classes. For more information or to discuss your invest please contact the Colordarcy team In this example, UK property is represented by a one bedroom unit at our recently allocated Orton Plaza development. Based on a capital investment of 25,000, it clearly produces the highest level of income compared to all of the other investment classes. Based on exactly the same level of investment by the client,with an annual income of 7,150, Orton Plaza produces 5,893 per year more income than the next best alternative, the UK pension. CONTACT DETAILS Telephone: +44 (0) info@colordarcy.com Website: INVESTMENT CAPITAL REQUIRED TO PRODUCE 25,000 OF INCOME This graph compares the typical amount of investment required in order to generate 25,000 of income per year, across the 5 main pension investment classes. With UK property represented by a standard one bedroom unit at our Orton Plaza development, this example clearly highlights the staggering difference in investment required by all of the other classes in comparison, only to produce exactly the same amount of income per year. HEAD OFFICE ADDRESS 30th Floor, 40 Bank Street Canary Wharf, London E14 5NR, United Kingdom *returns exclude fees and charges, information provided by Bloomberg 43

23 THE LEGAL STUFF The following is a summary of the full text of our disclaimer set out in and accessible at and You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the Content ) are provided for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii) the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an as is basis and by way of a summary and we do not guarantee the accuracy, completeness, or timeliness of the Content; (v) the Content may be subject to the terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or s regarding the profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required by the relevant authorities or the relevant developer s consultants or architects; (x) all renderings and illustrations in the Content are artists impressions only and all measurements are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation; and (xii) the Content has not been authorised or approved by the Financial Conduct Authority (FCA) or any regulatory body of competent authority whether in the United Kingdom or elsewhere. Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, directors, officers, employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error, omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or nonperformance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws. PROFESSIONAL ADVICE Any statement contained in the Content is made on a general basis and we have not given any consideration to nor have we made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You are advised to make your own assessment of the relevance, accuracy and adequacy of the information contained in the Content and conduct independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved. You should consult an appropriate professional advisor for legal, tax, accounting, or investment advice specific to your situation, as to whether any governmental or other consents are required or if any formalities should be observed for the purposes of making such investments as are mentioned in the Content. If you are unsure about the meaning of any of the information contained in the Content, please consult your financial or other professional advisor. THIRD PARTY REFERENCES References to third party publications are provided for your information only. The content of these publications are issued by third parties. As such, we are not responsible for the accuracy of information contained in those publications, nor shall we be held liable for any loss or damage arising from or related to their use. CASTLE COUR T DUDL E Y

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