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No information contained in these materials constitutes, or is intended to constitute, an offer, or an invitation to make offers, to sell, purchase, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity, except “qualified investors” (as defined under Russian securities laws) (a “QI”) to the extent permitted under Russian securities laws. These materials are not an advertisement in connection with the “placement” or “public circulation” (as both terms are defined under Russian securities laws) of any securities, and no securities referred to herein are intended for “placement” or “public circulation” in the Russian Federation, in each case unless otherwise permitted under Russian securities laws. Neither the securities referred to herein nor a prospectus relating to such securities has been or will be registered with the Central Bank of Russia or any other regulator in the Russian Federation.

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