LEGAL NOTICE

Whilst the Municipal Guarantee Board (“MGB”) has taken reasonable care to ensure that the information on this website (other than information accessed by hypertext link) is accurate at the time of last revision of the website, MGB accepts no liability for the accuracy or completeness or use of, nor any liability to update, the information contained on this website. It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any opinion or expectation expressed on this website.

Certain information on this website is of a historical nature and may now be out of date. All historical information should be understood as speaking from the date of its first publication.

Nothing on this website constitutes an invitation or offer to invest or deal in any securities guaranteed by MGB. This website may contain certain hypertext links to other websites. MGB has not reviewed, is not responsible for, and accepts no liability in respect of, any information or opinion contained on any such other website.

The information to which this gatepost gives access is exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. This information does not constitute an offer or an invitation to purchase securities guaranteed by MGB in the United States or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this information are requested to inform themselves about and to observe any such restrictions.

Securities guaranteed by MGB cannot be offered or sold in the United States without registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from such registration.

Material from this website may be duplicated and distributed, provided that the following points are respected:

• The source and the date on which the material was collected must be specified, since the website is continuously updated.
• The material must not be used in any context in which it may be misunderstood, misinterpreted or be detrimental to MBG.
• Images contained on the website, all of which are protected under copyright law, may not be published in any other context.

The material may not be duplicated without permission other than for personal, non-commercial use.