If a recommendation is made with respect to any warrant, please note that (1) the recommendation is intended for general circulation; (2) the recommendation does not take into account the specific investment objectives, financial situation or particular needs of any particular person; and (3) advice should be sought from a financial adviser regarding the suitability of the warrant, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation before the person makes a commitment to purchase the warrant.

The prices of warrants may rise or fall and the warrants may expire worthless, resulting in a total loss of investment. An investor should make his own independent appraisal of the risks and consult to the extent necessary his own legal, financial, tax, accounting and other professional advisors prior to any subscription or acquisition.

Société Générale, Singapore Branch and its associated and connected persons, their directors, officers and/or employees, including persons involved in the preparation or issuance of this material, may have positions or other interests in, and may as principal or agent effect transactions in the warrants mentioned herein and may also perform or seek to perform broking, investment banking and other banking or financial services for the issuer of any warrants.