Investors should take cognisance of the fact that there are risks involved in buying or selling any financial products, and past performance of a financial product is not necessarily indicative of the future performance. The value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions.

In light of the above the investors indemnifies Caveat Hedge Portfolio Management (Pty) Ltd. agains any claim for damages as a result of any loss made by the investor with regards to any financial products purchased by/on behalf of the investor through Caveat Hedge Portfolio Management (Pty) Ltd. portfolio or debenture structure.

Registration number: 2006/030720/07

Caveat is an authorised financial services provider, FSP no. 24777