Important Legal Information Regarding Louis Dieudonne Market Information and Risk Disclosure.

Louis Dieudonne affirms that it has not registered as a commodity trading advisor under the Commodity Exchange Act, and does not provide trading advice to others on commodity interests such as futures, swaps, options, and cash-settled forwards. Any transactions with Louis Dieudonne are entered into as principal, and all communications and negotiations with Louis Dieudonne are conducted on this basis.

The opinions expressed in this market commentary from Louis Dieudonne may differ from those expressed by other areas of the company. This commentary is provided for informational purposes only and should not be considered as a recommendation, advice, offer, or solicitation for the purchase or sale of any financial instrument referencing a commodity or any physical commodity.

Louis Dieudonne and its affiliates finance and transact commercial products and services to various companies and individuals. As an active market participant, Louis Dieudonne may hold long or short derivative positions in financial instruments referencing commodities or physical commodities.

The information contained in this material is not warranted for completeness or accuracy and may be subject to change without notice. Any forward-looking information is based on assumptions that may differ from actual events or conditions. Louis Dieudonne does not independently verify the information contained in this material and does not accept liability for any loss arising from its use.

It is recommended that addressees of this material make their own assessment of its suitability for their purposes and contact their salespersons at a qualified registered entity in their home jurisdiction for advice on any transactions they contemplate executing with Louis Dieudonne.

The information contained in this material is not intended to be used as the sole basis for making any investment decisions, and investors should seek independent financial advice before making any investment decisions. The trading of commodities and financial instruments can involve significant risks, including the risk of loss of capital. Past performance is not necessarily indicative of future results.

Louis Dieudonne reserves the right to modify, suspend, or terminate the provision of this material at any time, without notice. The content of this material may not be reproduced or distributed in whole or in part without the prior written consent of Louis Dieudonne.

This material may include information obtained from third-party sources, and Louis Dieudonne does not guarantee the accuracy or completeness of such information. Louis Dieudonne is not responsible for any errors or omissions in this material, or for any direct, indirect, incidental, or consequential damages that may arise from the use of this material or any information contained therein.