Our research and general presentations are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any financial instruments. Any opinion expressed are subject to change without prior notice. Our research and presentations are based on information from various sourced believed to be reliable. Although all reasonable care has been taken to ensure that the information herein is not misleading, Fondsfinans Kapitalforvaltning AS makes no representation or warranty expressed or implied as to its accuracy or completeness. Neither Fondsfinans Kapitalforvaltning AS, its partners and employees, nor any other person connected with our research and presentation, accept any liability whatsoever for any direct or consequential loss of any kind arising out of the use or reliance on the information given. They do not take into account the specific investment objectives and financial situation of any recipient. Investors seeking to buy or sell any financial instrument discussed or recommended in our research or in seperate presentations, should seek independent financial advice relating thereto. Our research and materials from seperate presentations may not be distributed, quoted from or reproduced for any purpose without written approval by Fondsfinans Kapitalforvaltning AS.