Introduction

The website accessible via the URL [http://www.nikkoam.co.nz] ("the Site") is operated by Nikko Asset Management New Zealand Limited, a company incorporated and existing under the laws of New Zealand whose registered office is at Level 17, Vero Centre, 48 Shortland Street, Auckland 1010, New Zealand (“Nikko AM NZ”, "we", "our" or "us"). We are regulated in New Zealand by the Financial Markets Authority, registered as a Financial Service Provider (FSP Number: FSP22562) and are a licensed Managed Investment Scheme Manager (granted 6 March 2015).

This website is intended for the use of researchers, financial advisers and wholesale clients.

This disclaimer applies to the entire contents of the Site and contains important information explaining the rights of any visitor to the Site ("you" or "your") to access and use the Site. You should pay particular attention to the 'Disclaimer of Liability' section as this excludes or limits our legal liability in connection with your use of the Site. The information, material and content provided within the Site may be changed at any time without notice. We may also make changes to these terms and conditions at any time without notice by updating these pages. You should review this section of the Site whenever you access the Site and your continued access to or use of the Site shall constitute proof of such review and your agreement to the latest published version of these terms and conditions.

Certain provisions of these terms and conditions may be superseded by expressly designated legal or regulatory notices or terms located on particular pages of the Site or on materials that are downloadable from the Site.

We do not warrant or otherwise promise that the Site, use of the Site or these terms and conditions (in whole or in part) are in compliance with laws or available for use in locations from which you are accessing the Site. If you choose to access this Site, you do so at your own initiative and are responsible for compliance with local laws.

Disclaimer of Liability

All material on the Site is for information only and does not address the circumstances of any particular individual or entity. This information is for the use of researchers, financial advisers and wholesale clients. Investors should consult an appropriately qualified financial adviser before investing and the current Investment Statement, Prospectus or Information Memorandum. The information on the Site is not intended to be comprehensive or complete, may not be up-to-date and should not be relied on as such. The firm does not assume or accept any responsibility or liability in relation to either the availability of the Site or the information on it. All information is provided "as is", without any warranties of any kind and at your sole risk. We make no representations and disclaim all express and implied warranties and conditions of any kind in relation to information on the Site.

Whether or not advised of the possibility, neither Nikko AM NZ nor any other party involved in creating, producing, maintaining or delivering the Site shall be liable for any kind of loss or damage that may be suffered or claimed by you (or any person claiming under or through you) or to any third party, which arises in connection with the use of, inability to use or the results of use of the Site and any websites linked to the Site or the material on the Site or such other websites, whether such losses or damages are suffered directly or indirectly or are immediate or consequential and whether arising from negligence, breach of contract or otherwise.

Nothing in this disclaimer excludes or limits our liability for fraud, negligence, causing death or personal injury, or for any liability to the extent that it cannot be excluded or limited under the applicable law or regulatory requirements.

Intellectual Property Rights

Unless otherwise stated, the copyright and all other intellectual property rights in all material on the Site (including, without limitation, all content, text, graphics, logos, names, artwork, photographs and videos) are owned by us or our licensors. All rights reserved. All copying is forbidden other than in accordance with these limited permissions. Any copies of any materials printed or downloaded from the Site cannot be modified and any illustrations, photographs, graphics, audio or video separated from any accompanying text. Our status (and that of any identified contributors) as the authors of material on the Site must always be acknowledged.

Other than as necessary for the purposes of viewing the Site, it is strictly forbidden to copy any material on the Site for commercial use in the course of a business or to store any or all of the contents of the Site on a proxy server, cache or other similar form of storage. If you wish to do so, you must contact Nikko AM NZ in order to obtain an appropriate licence from us or our licensors.

Nikko Asset Management and our logo (without limitation) are trademarks owned by Nikko Asset Management Co., Ltd.. You may not use these names or logos without our express written consent.

Links To and From Other Websites

The hyperlinks within the Site may take you to third party websites which are not within our control. We have not reviewed these websites and are not responsible for their availability, accuracy or content or for any loss or damage that may arise out of your use of them. Access to third party websites is entirely at your own risk. You should read any terms and conditions applying to the use of any third party website that you visit and address any complaints or queries relating to such websites to the operator of that website. The inclusion of a link in the Site does not imply that we endorse, recommend or approve any material on the linked page or accessible from it.

You may not use any part of the Site on any other website or link any other website to the Site without prior written permission.

Legal and Regulatory Information

Nothing on the Site constitutes or forms a part of any offer or solicitation of any offer for sale or subscription of or any invitation or solicitation to offer to buy or subscribe for, any securities, financial instruments or related instruments, nor should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever.

Nothing on the Site constitutes professional and/or financial advice, an information agreement, recommendation as to suitability or appropriateness, or an offer or solicitation to enter into any form of transaction. Certain products may be high risk and may not be suitable for all investors. Any discussion of the risks associated with a particular product or service should not be regarded as complete or comprehensive. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstances.

You are required to acquaint yourself with any local laws and restrictions on the usage of the Site and the availability of any services described on the Site. Please note that the provision of investment services may be restricted in certain jurisdictions and that the information on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Any electronic communications with us shall be monitored by us in accordance with applicable law.

Nikko Asset Management New Zealand Limited is a company incorporated and existing under the laws of New Zealand whose registered office is at Level 17, Vero Centre, 48 Shortland Street, Auckland 1010, New Zealand.