Thisreportwasproducedby: UBSWarburg +44-20-75678000 Headoffice: 1FinsburyAvenue London EC2M2PP UK UBSWarburg,1FinsburyAvenue,London,EC2M2PP,UKPhone:+44-20-75678000 Thisreporthasbeenpreparedbythedivision,group,subsidiaryoraffiliateofUBSAG(“UBS”)identifiedherein.IncertaincountriesUBSAGisreferredtoasUBSSA,whichisa translationofUBSAG,itsregisteredlegalname.UBSWarburgisabusinessgroupofUBSAG.Thisreportisfordistributiononlyundersuchcircumstancesasmaybe permittedbyapplicablelaw,includingthefollowing: Thisreporthasnoregardtothespecificinvestmentobjectives,financialsituationorparticularneedsofanyspecificrecipient.Thereportispublishedsolelyforinformational purposesandisnottobeconstruedasasolicitationoranoffertobuyorsellanysecuritiesorrelatedfinancialinstruments.Thesecuritiesdescribedhereinmaynotbeeligible forsaleinalljurisdictionsortocertaincategoriesofinvestors.Thereportisbasedoninformationobtainedfromsourcesbelievedtobereliablebutisnotguaranteedasbeing accurate,norisitacompletestatementorsummaryofthesecurities,marketsordevelopmentsreferredtointhereport.Thereportshouldnotberegardedbyrecipientsasa substitutefortheexerciseoftheirownjudgement.AnyopinionsexpressedinthisreportaresubjecttochangewithoutnoticeandUBSisnotunderanyobligationtoupdateor keepcurrenttheinformationcontainedherein.UBSand/oritsdirectors,officersandemployeesmayhaveorhavehadinterestsorlongorshortpositionsin,andmayatanytime makepurchasesand/orsalesasprincipaloragent,orUBSmayactorhaveactedasmarket-makerintherelevantsecuritiesorrelatedfinancialinstrumentsdiscussedinthis report.Furthermore,UBSmayhaveorhavehadarelationshipwithormayprovideorhasprovidedcorporatefinance,capitalmarketsand/orotherfinancialservicestothe relevantcompanies.EmployeesofUBSmayserveorhaveservedasofficersordirectorsoftherelevantcompanies.UBSmayrelyoninformationbarriers,suchas“Chinese Walls,”tocontroltheflowofinformationcontainedinoneormoreareaswithinUBS,intootherareas,units,divisions,groups,oraffiliatesofUBS. Options,derivativeproductsandfuturesarenotsuitableforallinvestors,andtradingintheseinstrumentsisconsideredrisky.Pastperformanceisnotnecessarilyindicativeof futureresults.Foreigncurrencyratesofexchangemayadverselyaffectthevalue,priceorincomeofanysecurityorrelatedinstrumentmentionedinthisreport.Clientswishing toeffecttransactionsshouldcontacttheirlocalsalesrepresentative.UBSacceptsnoliabilitywhatsoeverforanylossordamageofanykindarisingoutoftheuseofallorany partofthisreport.Additionalinformationwillbemadeavailableuponrequest. 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