The contents of this publication are intended exclusively for the personal information of the reader to the exclusion of every other interpretation.

Although PITC strives to ensure that the information contained herein is meticulous, correct and complete, it must be stated that it cannot give any guarantee as regards the accuracy, precision and/or the completeness of the afore-mentioned information. The information provided in this publication is provided "AS IS" and does not contain a single guarantee, either explicitly or implied, and this in the broadest sense. Moreover, the information cannot be considered in any way as an opinion or a recommendation from PITC, it directors, management, employees and appointees in the broadest sense possible. Even more specifically, none of the information contained herein can be used for investment purposes in the broadest sense of the word.

Possible expectations and/or projections concerning future events that PITC might have included in this publication are based upon the current insights and assumptions of the PITC management regarding known and unknown risks and uncertainties. The actual results, performances or other circumstances can in no small way differ from the stated expectations as a result of modifications in among other things, but not limited to them, (i) the general economic conditions in the sector in which PITC operates, (ii) the conditions in among other things the financial markets and sectors and/or in emerging and/or new markets and sectors, (iii) laws and regulations and (iv) the policy of authorities and/or regulators.

PITC, as well as it directors, management, employees and appointees in the broadest sense possible, deny any responsibility for any possible damage, loss, costs or expenses that might result from or could come about from the use of this publication and/or information contained in it.

For what concerns any references being contained in this publication pertaining to any kind of publications or web sites from third parties, these are purely for informative purposes and the responsibility for their content is the exclusive responsibility of the owner and/or the person responsible for these previously mentioned publications and/or websites.