Disclaimer

All information, estimates, assumptions, projections contained in this presentation are based on publicly and private company available documents and data. Such informative set is supplied merely to the purpose of preliminary discussions of the issues addressed herein and the related possible project.

D-Tails is not liable as to accuracy, completeness and correctness of the above-mentioned data, although it has used all due attention and care in setting up and reporting information and estimates contained in this presentation.

Therefore, D-Tails shall not have any responsibility whatsoever, direct or indirect, and does not make any representation or warranty, express or implied, with reference to any information contained in this document; similarly, D-Tails disclaims any and all liabilities for any decision about the issues addressed herein or about the implementation of the related possible project.

This Document does not constitute or contain investment advice. It is not and shall not be construed as an offer, invitation, recommendation or solicitation to sell, issue, purchase or subscribe for any securities in any jurisdiction, or to enter into any transaction.

This document, and the information herein, is strictly confidential and intended for the exclusive use of the recipients to which it is supplied, in connection with the above mentioned preliminary discussions. The document and the related information, data, assumptions, estimates shall not be used for other purposes or, without the prior written consent of D-Tails, distributed, disclosed or supplied to third parties (unless required under statutory provisions in force), or reproduced or considered other than as a whole.