While Macquarie Equities (Asia) Limited (CE No. ACQ 281) ("MEAL") provides the information in good faith and derived from sources believed to be reliable, MEAL does not represent or warrant the completeness, reliability, accuracy, timeliness or fitness for any purpose of any of the material and it accepts no responsibility for the accuracy, completeness or timeliness of the information.

This internet site is produced by MEAL, a licensed corporation with the Securities and Futures Commission of Hong Kong. MEAL is the market maker and/or liquidity provider of warrants and/or Callable Bull/Bear Contracts (“CBBCs”) issued by Macquarie Bank Limited (ACN 008 583 542) (“MBL”) and/or exchange traded options, which relate to the securities of the listed corporation(s) referred to herein. The information on this internet site is directed and available to residents of Hong Kong only. Any materials provided on this internet site, including any indicative terms are provided for information purposes only and do not constitute an offer, a solicitation of an offer, or any advice or recommendation to conclude or participate in any transaction, or provide any investment advice or service. The price of structured products may go down as well as up, and under certain circumstances investors may sustain some or a total loss of investment. Investors should read the full details of the warrants and CBBCs, including the risk factors, which are set out in the listing documents. Investors should make their own assessment and seek professional advice, where necessary. Some of the investment products referred to on this internet site, including Equity Linked Notes, are available only to professional investors and/or on a private placement basis. They will not be made available to any other persons.

Please refer to our terms of use for more information.

At times there may be no counterparty; the issuer and/or the designated liquidity provider, MEAL, may be the only persons quoting prices for the warrants and/or Callable Bull/Bear Contracts (“CBBCs”) issued by MBL on the Hong Kong Exchanges and Clearing Limited. An investor should make an appraisal of the risks involved in investing in these products and should consult his own independent, qualified legal, financial, tax, accounting and other professional advisors, where necessary, to ensure that any decision made is suitable with regards to his own circumstances and financial position. Where past performance is referred to, it is not indicative of future performance.

MBL is not an authorized institution under the Banking Ordinance in Hong Kong (Cap.155 of the Laws of Hong Kong) and therefore is not subject to the supervision of the Hong Kong Monetary Authority in respect thereof.

Please visit the following webpage: Company Disclosures for disclosure of corporate finance relationships with the Macquarie Group.

Other than MBL, any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.