IMPORTANT DISCLAIMER
POSSIBLE OFFER FOR GROUND RENTS INCOME FUND PLC
BY VICTORIA PROPERTY HOLDINGS LIMITED. ACCESS TO THIS AREA OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES. LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM. CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION ON THIS MICROSITE.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSIBLE BY PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION OR WOULD RESULT IN A REQUIREMENT TO OBTAIN A CONSENT OR COMPLY WITH ANY OTHER FORMALITY WHICH BIDDER REGARDS AS UNDULY ONEROUS.
THIS MICROSITE CONTAINS CERTAIN ANNOUNCEMENTS, DOCUMENTS AND INFORMATION PUBLISHED BY BIDDER AND/OR TARGET RELATING TO THE POSSIBLE OFFER IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS. THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION
PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.
NO OFFER CAN BE VALIDLY ACCEPTED (OR, IF SUCH OFFER IS TO BE EFFECTED BY WAY OF A SCHEME OF ARRANGEMENT, VOTED IN FAVOUR OF) BY TARGET OR ITS SHAREHOLDERS OR ANY OTHER PERSONS BY MEANS OF DOWNLOADING A COPY OF ANY OF THE INFORMATION FROM THIS WEBSITE.
1. ACCESS TO THE OFFER
Please read this notice carefully – it applies to all persons who view the Information contained in
this Microsite and, depending upon who you are and where you are located, it may affect your
rights or responsibilities. Please note that, if the Possible Offer progresses, the Information on the
Microsite as well as the terms of this disclaimer may be altered or updated. You should read the
full text of this disclaimer each time you visit the Microsite.
To allow you to view the Information about the Possible Offer, you have to read the following then I ACCEPT. If you are unable to agree, you should click I DECLINE; and you will not be able to view any Information about the Possible Offer. The Information contained in this Microsite does not constitute an offer to sell or otherwise dispose of or an invitation or solicitation of any offer to purchase or subscribe for any securities pursuant to the Possible Offer or otherwise. The Possible Offer will be made solely by means of an offer or scheme document which would contain the full terms and conditions of such offer, including details on how it may be accepted.
Any decision made in relation to the Possible Offer should be made solely and only on the basis of the information provided in any such document.
1. OVERSEAS JURISDICTIONS
This Information is not directed at or intended to be accessible by persons resident in any
Restricted Jurisdiction.
Viewing the Information you are seeking to access may be restricted under securities laws in
certain jurisdictions. All persons resident outside the United Kingdom who wish to view the
Information contained in this Microsite must first satisfy themselves that they are not subject to
any local requirements which prohibit or restrict them from doing so and should inform
themselves about, and observe, any legal or regulatory requirements applicable in their
jurisdiction.
YOU SHOULD NOT DOWNLOAD, MAIL, FORWARD, DISTRIBUTE, SEND OR SHARE THE
INFORMATION OR DOCUMENTS CONTAINED ON THIS MICROSITE TO ANY PERSON. IN
PARTICULAR YOU SHOULD NOT MAIL, FORWARD, DISTRIBUTE OR SEND THE INFORMATION OR
DOCUMENTS CONTAINED ON THIS MICROSITE TO ANY RESTRICTED JURIDICTION.
This Microsite contains Information that has been prepared for the purposes of complying with
English law and the Takeover Code and the Information disclosed may not be the same as that
which would have been disclosed if this Information had been prepared in accordance with the
laws and regulations of any jurisdiction outside of England and Wales.
It is your responsibility to satisfy yourself as to the full observance of any relevant laws and
regulatory requirements. If you are not permitted to view the Information on this Microsite, or
are in any doubt as to whether you are permitted to view the Information, please exit this
Microsite.
Additional U.S. information
The Possible Offer relates to the securities of an English company and is subject to UK procedural
and disclosure requirements that are different from those of the United States. Any financial
statements or other financial information included in this Microsite may have been prepared in
accordance with non-US accounting standards that may not be comparable to the financial
statements of US companies or companies whose financial statements are prepared in accordance
with generally accepted accounting principles in the United States. It may be difficult for US
holders of shares to enforce their rights and any claims they may have arising under the US federal
securities laws in connection with the Possible Offer, since Bidder and Target are located in a
country other than the United States, and some or all of their respective officers and directors may
be residents of countries other than the United States. US holders of shares may not be able to
sue Bidder, Target or their respective officers or directors in a non-US court for violations of the US
securities laws. Further, it may be difficult to compel Bidder, Target and/or their respective
affiliates to subject themselves to the jurisdiction or judgment of a US court.
You should be aware that Bidder may purchase or arrange to purchase Target shares otherwise
than under any offer or scheme related to the Possible Offer, such as in the open market or
privately negotiated purchases.
2. FORWARD-LOOKING STATEMENTS
This Microsite and the Information contained in it may contain statements about Bidder and
Target that are or may be deemed to be forward looking statements.
All statements other than statements of historical facts may be forward looking statements.
Without limitation, any statements preceded or followed by or that include the words; or words or terms of similar substance or the negative thereof, are forward looking
statements. Forward looking statements include statements relating to the following: (i) future
capital expenditures, expenses, revenues, earnings, synergies, economic performance,
indebtedness, financial condition, dividend policy, losses and future prospects; (ii) business and
management strategies and the expansion and growth of Bidder or Target & operations and
potential synergies resulting from the Possible Offer; and (iii) the effects of government regulation
on Bidder or Target business.
These forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly
affect expected results and are based on certain key assumptions. Many factors could cause
actual results to differ materially from those projected or implied in any forward-looking
statements. These factors include, but are not limited to, the satisfaction of the conditions to any
offer, as well as additional factors, such as changes in political and economic conditions, changes
in the level of capital investment, retention of key employees, changes in customer habits, success
of business and operating initiatives and restructuring objectives, impact of any acquisitions or
similar transactions, changes in customers, strategies and stability, competitive product and
pricing measures, changes in the regulatory environment, fluctuations of interest and exchange
rates, the outcome of any litigation . Due to such uncertainties and risks, readers are cautioned
not to place undue reliance on such forward-looking statements, which speak only as of the date
of the document within which the statement is contained. All subsequent oral or written forward-
looking statements attributable to Bidder or any of its members, directors, officers or employees
or any persons acting on their behalf are expressly qualified in their entirety by the cautionary
statement above. Bidder disclaims any obligation to update any forward-looking or other
statements contained in in this Microsite, except to the extent required by applicable law or
regulation, including the Takeover Code and the rules made by the Financial Conduct Authority
under Part VI of the Financial Services and Markets Act 2000.
3. RESPONSIBILITY
In relation to any offer-related materials accessible on this Microsite please note any statement of
responsibility contained therein.
The Information and documents included in this Microsite issued or published by Bidder speak
only at the specified date of the relevant document or announcement reproduced on this
Microsite and Bidder and the members of the Bidder Group have, and accept, no responsibility or
duty to update or revise such documents.
In relation to any such announcements or other offer-related materials issued or published by any
third party, or which relate to any third party, that are accessible on this Microsite, the only
responsibility accepted by Bidder and its directors is for the correctness and fairness of its
reproduction.
The directors of each of Bidder and the members of the Bidder Group have not reviewed, and no
such person is or shall be responsible for or accepts any liability in respect of, any information
contained on any other website which may be linked to or from this Microsite.
4. OTHER
Ernst & Young LLP, which is authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively as financial adviser to Bidder and for no one else in
connection with the Possible Offer and will not be responsible to anyone other than Bidder for
providing the protections afforded to its clients nor for providing advice in relation to the Possible
Offer, the contents of this Microsite or any other matters referred to in the Information.
If you are in any doubt about the contents of this Microsite or the action you should take, you
should seek your own financial advice from an independent financial adviser authorised under the
Financial Services and Markets Act 2000 (as amended) or, if you are located outside the UK, from
an appropriately authorised independent financial adviser.
This notice shall be governed by and construed in accordance with English law.
5. CONFIRMATION OF UNDERSTANDING AND ACCEPTANCE OF DISCLAIMER.
BY CLICKING ON THE I ACCEPT BUTTON BELOW, YOU CERTIFY THAT:
(i) you have read and understood the notice set out above and agree to be bound by its
terms;
(ii) you are not (nor do you act on behalf of someone who is) resident in any country that
renders the accessing of the materials on this Microsite or parts of it illegal;
(iii) you will not forward, transfer or distribute (by any means including by electronic
transmission) any of the materials on this Microsite to any other person at any time;
(iv) you represent and warrant to Bidder that you intend to access this Microsite for
information purposes only.
If you are not able to give these confirmations, you should click on I DECLINE below.