MF Global Securities Limited and MF Global UK Limited (together "MFG") are authorised and regulated by the Financial Services Authority. MFG are direct members of the London Stock Exchange, XETRA, EUREX, NYSE EURONEXT Cash and Derivatives Markets, Borsa Italiana, Bourse du Montreal and SAXESS. MF Global Securities Limited provides independent research of European equity markets, which is designed to help our institutional clients outperform their respective benchmarks. Our Analysts aim to cover the largest 300 companies in Europe. Telephone calls and e-mails to and from MF Global UK Limited maybe recorded and / or monitored for regulatory and training purposes. Registered Office : Sugar Quay, Lower Thames Street, London, EC3R 6DU Registered in England No. 1600658  All information is subject to the terms of THIS DISCLAIMER