Equity Structured Products and Warrants

The terms of this disclaimer (“Disclaimer”) apply to this web site. This web site is owned by RBS Equities (Australia) Limited (ABN 84 002 768 701, (AFS Licence No 240530) as broker and RBS Group (Australia) Pty Limited (ABN 78 000 862 797, AFS Licence 247013) and The Royal Bank of Scotland plc (ABN 30 101 464 528, AFSL Licence 241114) as issuers. The registered office for both companies is Level 22, RBS Tower, 88 Phillip Street, Sydney, NSW 2000, Australia (“RBS”). Please read this Disclaimer carefully.

RBS Group (Australia) Pty Limited is not an Authorised Deposit-Taking Institution and the products which are issued by it do not form deposits or other funds or liabilities of The Royal Bank of Scotland N.V. or The Royal Bank of Scotland plc. The Royal Bank of Scotland plc does not guarantee the obligations of RBS Group (Australia) Pty Limited. The Royal Bank of Scotland plc is a foreign Authorised Deposit-Taking Institution and the products which are issued by it do not form deposits or other funds of The Royal Bank of Scotland plc, or deposits or other funds or liabilities of The Royal Bank of Scotland N.V. or RBS Group (Australia) Pty Limited.

By accessing this web site and or using the information provided on or via this web site you agree to be bound by this Disclaimer. In the event of any conflict between the terms and conditions of specific products and this Disclaimer, the conditions specific to such products and services shall prevail.

Use of this Web Site

The information provided on or via this web site provides general financial product advice only and does not purport to be all inclusive or constitute any form of personal financial product advice. We recommend that you consult your Financial Adviser to determine the suitability of any Financial Products to your personal investment objectives, financial situation and particular needs.

Although RBS attempts to provide accurate, complete and up-to-date information which has been obtained from sources that are considered reliable, RBS makes no warranties or representations, express or implied, as to whether information provided on or via this web site is accurate, complete or up-to-date.

RBS controls and maintains this web site from Australia and makes no representation that the information provided on or via this web site is appropriate or available for use in other locations. If you use this web site from other locations, you are responsible for compliance with applicable local laws.

RBS does not represent or warrant that this web site functions without error or interruption.

Use of this web site that may hinder the use of other Internet users, that can endanger or jeopardise the functioning of this web site and/or affect the information provided on or via this web site or the underlying software, is not permitted.

Third Party Information, Products and Services

Where RBS provides hypertext links to third party web sites, such links are not an endorsement by RBS of any products or services provided on or via such web sites. The use of such links is entirely at your own risk and RBS accepts no responsibility or liability for the content, use or availability of such web sites. RBS has not verified the truth, accuracy, reasonability, reliability, and completeness of any content of such web sites.

Intellectual Property

RBS, or the relevant owner, retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) concerning all information provided on or via this web site (including all texts, graphics and logos). You may not copy, download, publish, distribute or reproduce any of the information contained on this web site in any form without RBS’ prior written consent. However, you may print or download information contained on this web site for your own personal use.

Links to RBS web sites are not permitted without RBS’ prior written consent.

Communication On Line

Messages that you send to RBS by e-mail may not be secure. RBS recommends that you do not send any confidential information to RBS by e-mail. If you choose to send any messages to RBS via e-mail, you accept the risk that they may be intercepted, misused and modified by a third party.

Exclusion of Liability

Neither RBS nor any of its employees, agents, subcontractors or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits (even if RBS is advised of the possibility thereof) arising in any way from, including but not limited to,

(i) any defects, viruses and any other malfunctions caused to any equipment and other software in connection with access or use of this web site,
(ii) the information provided on or via this web site,
(iii) the interception, modification or misuse of information transmitted to RBS or transmitted to you,
(iv) the functioning or non-availability of this web site,
(v) the misuse of this web site,
(vi) the loss of data,
(vii) downloading or use of any software made available by this web site, or
(viii) claims of third parties in connection with the use of this web site.

The exclusion of liability is also made for the benefit of directors, employees, agents, subcontractors or representatives of RBS.

Amendments

RBS reserves the right to change the information provided on or via this web site, including the terms of this Disclaimer, at any time and without notice. It is recommended that you review the information provided on or via this web site, including the terms of this Disclaimer, periodically for changes..