The information contained in this communication is confidential, and is intended solely for the addressee. This communication may contain information proprietary to FirstRand Bank Limited (acting through its Rand Merchant Bank division) ("RMB"), and may not be reproduced or disseminated in whole or in part without RMB's written consent. RMB does not warrant that any information contained herein is complete or correct. This communication is not an offer or agreement to enter into any transaction, and is not a confirmation of any transaction described herein unless the context clearly indicates the contrary. RMB is not acting as your adviser in any transaction that may be proposed herein, and this communication does not constitute a recommendation, guidance or proposal to enter into any transaction. RMB does not guarantee or otherwise assure the expected results of any transaction. This communication may contain views or opinions that are not necessarily those of RMB. You shall not be entitled to place any reliance on the information contained in this communication for the purposes of entering into any proposed transaction or otherwise.

Rand Merchant Bank, a division of FirstRand Bank Limited, is an Authorised Financial Services Provider.

FirstRand Group (FRG) respects your privacy and takes the protection of your personal information seriously. This undertaking is underpinned by our Privacy Notice which can be accessed through our Website from the footer. It is our understanding that you are receiving this communication because you are an esteemed client of ours or have historically elected to opt-in to receive communications from us. If you no longer wish to receive information or communications on specific solutions/products/events from us, please contact your relationship manager/Rand Merchant Bank (“RMB”) contact or email the RMB Privacy Office at RMBPrivacy.Office@rmb.co.za. Should you change your mind in future, you may do so by contacting your relationship manager/RMB contact or email the RMB Privacy Office.

Featured