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Welcome to the website (the “Site”) of EBS Management plc (“EBS”) whose registered office is at 25 Luke Street, London, EC2A 4AR. Registered in England No. 00998606. By accessing the Site, you agree and acknowledge the following:
1. General Information
  1.1 For the purposes of S.21 Financial Services and Markets Act 2000 the whole Site has been approved by EBS, a firm authorised and regulated by the Financial Services Authority (“the FSA”) and entered in the FSA's Register with Register number 134908. The FSA's Register can be accessed at www.fsa.gov.uk/register.
 
  1.2 EBS is a wholly owned subsidiary of Charles Stanley Group plc, and references to EBS throughout the Site include references to all members of this group of companies where appropriate. Its registered VAT number is 524732945.
 
  1.3 For general enquiries by email, please contact EBS at info@ebsmanagement.co.uk.
 
2. Disclaimers
  2.1 EBS provides this Site for your information only and does not warrant that it will be uninterrupted or error-free. Other than disclosures relating to EBS, the information on this Site is based on current public information that it considers reliable, but EBS does not represent that it is accurate or complete and it should not be relied on as such.
 
  2.2 The Site is provided without warranties or other assurances of any kind. To the fullest extent permitted by law, neither EBS nor any other party involved in creating, producing or communicating the Site shall be liable for any direct, indirect, incidental, special or consequential loss or damages that result from the use of or inability to use it, including but not limited to interruptions, deletion of files or email, errors, defects, viruses, delays in operation or transmission, or any failure of performance, whether or not resulting from force majeure, communications failure, theft, destruction, or unauthorised access to EBS’s records, programs or services.
 
  2.3 E-mail messages may not be secure and may be intercepted by third parties. If you send an e-mail to EBS containing confidential information about you, you agree that you do so at your own risk and that you hold EBS harmless from any loss that you may suffer as a result.
 
  2.4 These disclaimers shall not operate so as to exclude, limit or restrict EBS’ liability for death or personal injury, for fraud or fraudulent misrepresentation, for damage suffered as a result of any breach by of the conditions as to title and quiet enjoyment implied by English law, liability under Part 1 of the Consumer Protection Act 1987 or for any other liability the exclusion or limitation of which is not permitted by English law. These disclaimers do not affect the statutory rights of consumers.
 
  2.5 These disclaimers shall be governed by and construed in accordance with the laws of England. If any provision shall be unlawful, void or for any reason unenforceable then that provision shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions.
 
3. Use & Reproduction
  3.1 You acknowledge that this Site contains information, data, software, photographs, graphs, videos, typefaces, graphics, music, sounds, and other material (collectively "Content") which is protected by copyright and other intellectual property rights proprietary to EBS, Charles Stanley and its licensors.
 
  3.2 No part of the Content may without the prior written permission of EBS be permanently stored, reproduced or copied in any form or by means other than for the user’s legitimate and legal internal business purposes, provided that the user maintains all of the EBS notices, such as all legal notices and disclaimers, copyright notices, trade mark legends, or other proprietary rights.
 
  3.3 Distribution, reselling or reproduction of this material is strictly prohibited. You may not modify, remove, delete, augment, add to, publish, transmit, participate in the transfer or sale of, create derivative works from, or in any way exploit any of the Content, in whole or in part.
 
  3.4 This Site should not be regarded as an offer or solicitation to conduct designated investment business, as defined by the UK Financial Services and Markets Act 2000, in any jurisdiction other than the United Kingdom and Member States of the European Community. Any research material on the following pages of this Site has been prepared for persons in the United Kingdom and is not intended for distribution or use outside the United Kingdom. This material is not directed at you if EBS is prohibited or restricted by any legislation or regulation in any jurisdiction from making it available to you and in particular is not for distribution in and is not directed at persons in the United States or Canada. You should satisfy yourself before reading it that EBS is permitted to provide research material concerning investments to you under relevant legislation and regulations. EBS accepts no responsibility whatever for any failure by a person resident outside the United Kingdom to observe the foregoing.
 
  3.5 You are recommended to seek advice concerning suitability from your investment advisor. You agree not to hold EBS and/or any of its respective offices, employees, agents or affiliates, liable for any investment decisions made by you arising from the use of this Site or its Content.
 
  3.6 You may not link to the Site without the prior written consent of EBS, unless you do so in a way that is fair and legal and does not damage EBS’ reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement by EBS where none exists. You must not establish a link from any website that is not owned by you. The Site must not be framed on any other site. EBS reserves the right to withdraw any linking permission without notice.
 
4. Data Protection
  4.1 In cases where you have provided personal information, EBS shall only use it to carry out its duties and obligations arising from the provision and use of this Site and EBS shall at all times comply with the requirements of current data protection legislation.
 
  4.2

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5. Other Information
  5.1 In order to maintain the security of its systems, protect its staff and detect fraud and other crimes, EBS and the other members of the Charles Stanley Group of companies reserves the right to monitor all internet communications, including web and email traffic, into and out of its domains. Monitoring includes checks for, but not limited to, viruses and other malignant codes, criminal activity and inappropriate, offensive or otherwise unacceptable use or content.
 
  5.2 EBS reserves the right to cooperate fully with any investigation by national and international police, regulatory authorities and other officials, and reserves the right to disclose any personal data (including personal or private electronic communication transmitted on this Site) to such officials to the extent requested by them in connection with any such investigation, or as otherwise required by law or regulation.
 
  5.3 Current tax levels and reliefs may change and the value of any relief depends on individual circumstances.
 
February 2007