DISCLAIMER

MEMBERS OF THE RLC GROUP PROPOSE TO BE LICENSED BY OR REGISTERED WITH THE GUERSNEY FINANCIAL SERVICES COMMISSION PURSUANT TO THE PROTECTION OF INVESTORS (BAILIWICK OF GUERNSEY) LAW, 1987 AND THE REGISTRATION OF NON-REGULATED FINANCIAL SERVICES BUSINESSES (BAILIWICK OF GUERNSEY) LAW, 2008.  APPLICATIONS FOR SUCH LICENCE AND REGISTRATION HAVE NOT YET BEEN MADE.

THE INFORMATION ON THIS WEBSITE IS SUBJECT TO UPDATING, COMPLETION, REVISION, VERIFICATION AND AMENDMENT. THIS WEBSITE HAS NOT BEEN APPROVED BY ANY REGULATORY AUTHORITY (INCLUDIG THE GUERNSEY FINANCIAL SERVICES COMMISSION) AND DOES NOT CONSTITUTE OR FORM ANY PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES, NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT FOR SECURITIES.

ANY APPLICATION FOR SECURITES MAY ONLY BE MADE ON THE BASIS OF THE INFORMATION CONTAINED IN ANY FINAL FORM DOCUMENTATION SUCH AS A PROSPECTUS WHICH MAY BE DIFFERENT FROM THE INFORMATION CONTAINED IN THIS WEBSITE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE WHATSOEVER ON THE INFORMATION CONTAINED ON THIS WEBSITE FOR SUCH PURPOSES. NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, IS GIVEN BY RLC, ITS DIRECTORS AND PROPOSED DIRECTORS OR ADVISERS AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR AS TO THE OPINIONS CONTAINED IN THIS WEBSITE AND NO LIABILITY IS ACCEPTED FOR ANY SUCH INFORMATION OR OPINIONS.


RISK WARNINGS. INVESTMENT RISKS

RED LIONS CAPITAL IS THE TRADING NAME OF RL HOLDINGS LIMITED, GUERNSEY COMPANY REGISTRATION NUMBER 68096. RED LIONS CAPITAL (HEREINAFTER RLC) PRODUCTS MAY NOT BE SUITABLE FOR ALL INVESTORS AND RLC DOES NOT GUARANTEE THE PERFORMANCE OF THE RLC PRODUCTS. PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE RESULTS. THE VALUE AND PRICE OF SECURITIES (WHICH MAY TRADE IN LIMITED MARKETS) OF THE RLC PRODUCTS AND THE INCOME FROM THEM MAY FALL AS WELL AS RISE AND AN INVESTOR MAY NOT RECOVER THE FULL AMOUNT INVESTED. AN INVESTOR’S INCOME FROM RLC PRODUCTS IS NOT NECESSARILY FIXED AND MAY FLUCTUATE. WHERE AN INVESTOR INVESTS IN AN RLC PRODUCT DENOMINATED IN A CURRENCY OTHER THAN THAT OF THE COUNTRY IN WHICH THE INVESTOR IS RESIDENT, THE RETURN TO THE INVESTOR MAY INCREASE OR DECREASE AS A RESULT OF CURRENCY FLUCTUATIONS. ANY PROJECTIONS OR EXAMPLES (INCLUDING CALCULATIONS USED THEREIN) SET OUT IN THIS PRESENTATION ARE FOR ILLUSTRATIVE PURPOSES ONLY AND ARE NOT GUARANTEED TO BE ACCURATE, COMPLETE OR UP TO DATE.

TAX LEVELS, THE TAX STATUS OF THE RLC PRODUCTS, THE TAXATION OF INVESTORS AND ANY TAX RELIEFS MAY CHANGE FROM TIME TO TIME. ANY CHANGE IN THE TAXATION LEGISLATION IN ANY JURISDICTION WHERE AN RLC PRODUCT IS REGISTERED, CROSS-LISTED, MARKETED OR INVESTED COULD AFFECT THE TAX STATUS OF THE RLC PRODUCT, AFFECT THE VALUE OF THE RELEVANT RLC PRODUCT’S INVESTMENTS IN THE AFFECTED JURISDICTION, AFFECT THE RELEVANT RLC PRODUCT’S ABILITY TO ACHIEVE ITS INVESTMENT OBJECTIVE, AND/OR ALTER THE POST TAX RETURNS TO INVESTORS. THE AVAILABILITY AND VALUE OF ANY TAX RELIEFS AVAILABLE TO INVESTORS DEPEND ON THE INDIVIDUAL CIRCUMSTANCES OF INVESTORS. ANY TAX-RELATED INFORMATION IN THIS PRESENTATION IS NOT EXHAUSTIVE AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. PROSPECTIVE INVESTORS ARE URGED TO CONSULT THEIR TAX ADVISORS WITH RESPECT TO THEIR PARTICULAR TAX SITUATIONS AND THE TAX EFFECTS OF AN INVESTMENT IN THE RLC PRODUCTS.

IN RESPECT OF THE RLC PRODUCTS MENTIONED HEREIN, THEY ARE INTENDED FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE INVESTMENT ADVICE OR A PERSONAL RECOMMENDATION OR AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE RLC PRODUCTS.

INVESTMENT ADVICE

THE CONTENT OF THIS PRESENTATION IS GENERAL IN NATURE AND IS MEANT TO INFORM INVESTORS, POTENTIAL INVESTORS AND THEIR PROFESSIONAL INTERMEDIARIES OF THE EXISTENCE OF, AND POTENTIAL BENEFITS OF INVESTING IN, RLC PRODUCTS. HOWEVER, THIS PRESENTATION IS NOT INTENDED TO PROVIDE SPECIFIC INVESTMENT ADVICE INCLUDING, WITHOUT LIMITATION, INVESTMENT, FINANCIAL, LEGAL, ACCOUNTING OR TAX ADVICE, OR TO MAKE ANY RECOMMENDATIONS (PERSONAL RECOMMENDATIONS OR OTHERWISE) ABOUT THE SUITABILITY OF RLC PRODUCTS FOR THE CIRCUMSTANCES OF ANY PARTICULAR INVESTOR. IF YOU DO REQUIRE INVESTMENT ADVICE, PLEASE CONTACT AN INDEPENDENT BROKER OR FINANCIAL ADVISER. YOU SHOULD TAKE APPROPRIATE ADVICE AS TO ANY SECURITIES, TAXATION OR OTHER LEGISLATION AFFECTING YOU PERSONALLY PRIOR TO INVESTING.