Terms and Conditions

By accessing this website ('Site'), you agree to be bound by the following terms and conditions (the 'Terms'). Before using this Site, you should read carefully the Terms and also our Privacy Statement.

This Site has been approved for issue in the UK by HSBC Specialist Fund Management Limited, which is authorised and regulated by the Financial Services Authority ('FSA'), and is entered on the FSA Register with the Registration Number 195766. The FSA Register can be accessed at www.fsa.gov.uk/register.

HSBC Specialist Fund Management Limited ('HSFML') is part of the HSBC Specialist Investments Group of companies, the property and infrastructure fund management arm of the HSBC Group. HSFML is registered in England, with company number 03364976 and with its registered office at 8 Canada Square London E14 5HQ.

Should you wish to contact HSFML or a member of the HSBC Specialist Investments Group please refer to the Contact Us menu which can be found on each page of the Site.

In these Terms

• 'content' means all pages, screens, information and materials included in or accessible through this Site (including any content available on any email or SMS services).
• 'you', 'your' and 'yours' means you, the person(s) accessing this Site and the party on whose behalf you are doing so.
• 'we', 'us', 'our' and 'HICL' means HSBC Infrastructure Company Limited.
• 'HSBC Group' means HSBC Holdings plc, its subsidiaries and associated companies from time to time.

TERMS

These Terms cover your use of this Site. We are required by law to tell you that the terms and conditions are in English and that we will communicate with you in English.

This Site may provide you with access to other HSBC Group websites which may be subject to their own terms and conditions. You should read these terms and conditions carefully before using the website in question.

This Site is intended for those who access it from within the United Kingdom. As a result, we cannot guarantee that the Site, or the information thereon, complies with the local laws or regulations of, or is appropriate for use in, any other jurisdiction from which you access it. If you choose to access this Site from a jurisdiction other than the United Kingdom you do so at your own risk and neither HICL nor the HSBC Group will be liable for any breach of local law or regulation that you commit as a result of doing so.

If any part of these Terms is found by any court or other competent authority to be invalid, unlawful or unenforceable then such part shall be severed from the rest of the Terms which shall continue to be valid and enforceable to the fullest extent permitted by law.

The information, material and content provided in the pages of the Site may be changed at any time. Changes may be made to these Terms at any time without notice by updating this posting. You agree to review the Terms regularly and your continued access to or use of the Site will mean that you agree to any changes.

NO OFFER

Information or opinions contained on this Site do not constitute an offer to sell or solicitation, or an offer to buy, any securities or financial instruments or any other products, accounts or services or any advice or recommendation with respect to such securities, financial instruments or other products, accounts or services. Before you make any decision or take any action that might affect you or your personal finances or business, you should always consult a suitably qualified professional adviser(s) to obtain appropriate financial, legal, accounting, tax and other advice. The material contained on this Site is for information only and does not constitute investment or other financial advice or a recommendation to buy or sell investments.

INVESTMENTS PERFORMANCE

Please note that the value of investments and the income derived from them may fluctuate and an investor may not receive back the amount originally invested. Where past performance is shown it refers to the past and should not be seen as an indication of future performance. The value and any income arising from any investment referred to on this Site may go down as well as up. In particular you may not get back the full amount invested. Where an investment is denominated in a currency other than Sterling, exchange rates may have an adverse effect on the value price or income of that investment. In the case of investments for which there is not a recognised market it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed. The information contained in this site is based on our understanding of current law, regulation and HM Revenue and Customs practice at the time of going to press. Future changes in law, regulation, tax levels or HMRC practice could affect the information on this website. Any forecast, projection or target is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such forecast, projection or target.

MATERIAL INTEREST

HSFML and the HSBC Group and/or their officers directors and employees may own or have positions in any investment mentioned herein or any investment related hereto and may from time to time add to or dispose of any such investment. The HSBC Group may act as market maker or have assumed an underwriting position in the securities of companies discussed herein (or investments related hereto) and may sell them to or buy them from customers on a principal basis and may also perform investment banking or underwriting services for or relating to those companies.

The following provisions under 'No Warranties' and 'Exclusion of Our Liability' exclude or limit our legal liability and that of HSFML and the HSBC Group, for this Site. You should read them carefully. They all apply only as far as the law permits and in particular the duties and liabilities owed to shareholders or clients under the Financial Services and Markets Act 2000 or the rules of the Financial Services Authority for the conduct of business are not excluded or restricted.

NO WARRANTIES

Other than the warranties and representations contained in these Terms, all other warranties and representations, whether express, implied or statutory are, to the fullest extent permitted by the law, excluded. We do not exclude or restrict our liabilities or duties to you where or to the extent that this is prohibited by law or regulation. Use of this Site is at your sole risk. We do not represent that:

• any information contained on this Site will be accurate, complete or up to date or meet your specific requirements,
• this Site will be available,
• access to this Site will be uninterrupted or that there will be no delays, failures, errors or omissions or loss of information as this Site is transmitted to you,
• no viruses or other contaminating or destructive materials or elements will be transmitted or that your computer system will not be damaged.
• we do not provide any guarantee about the accuracy, functionality or performance of any third party software, content or equipment used in connection with this Site.

EXCLUSION OF OUR LIABILITY

To the extent permitted by law, neither we nor any member of the HSBC Group shall be liable for any damage, loss or liability (whether arising in contract, tort, including negligence, or otherwise) arising out of or in connection with:

• your use of this Site,
• your reliance on or your inability to use the information, products or services on this Site, or
• any failure or performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure to this Site or your use or attempted use of it.

The above exclusions apply to any damage which is direct, indirect, special, incidental or consequential or consists of loss of profits, business, opportunity or data.

All of the above exclusions apply even if you have advised us or the HSBC Group of the possibility of the above types of damage, loss or liability.

DATA PROTECTION AND PRIVACY

We are committed to protecting your privacy. All information gathered from you in connection with your use of the Site or any HSBC Group Site will be maintained in accordance with the applicable privacy policies disclosed for this Site (see our Privacy Statement) or any of the HSBC Group Sites.

THIRD PARTY SITES AND ENDORSEMENTS

Links to Third Party Sites - where we provide hypertext links to other locations on the Internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this Site. We have not verified the content of any such websites. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or in other way in connection with linking.

Downloads from Third Party Sites - links to third party downloadable software sites are for convenience only and we are not responsible or liable for any difficulties or consequences associated with downloading the software. You are responsible for obtaining all necessary authorisations to use such software and we give no implied licence or warranty in relation to the obtaining of or use of such software whatsoever.

No Endorsement of Third Parties - no endorsement, approval or responsibility for appropriateness of any third parties or their advice, opinions, information, products or services is expressed or implied by any information on this Site or by any hyperlinks to or from any third party websites or pages.

LINKS TO OUR SITE

Neither you nor any other party may use any part of this Site on any other website, or link any other website to this Site, without our prior written permission.

We are not responsible for the set up of any link from a third party website to our Site.

Neither you nor any other party may deep link to, frame, spider, harvest or scrape the Content or otherwise access the Content for any purposes, or use any machine, electronic, web based or similar device to read or extract the Content by machine based or automated means, without our prior written permission.

INTERNET AND E-MAIL COMMUNICATIONS

Messages sent over the internet (including e-mail) cannot be guaranteed to be completely secure as they are subject to possible interception, monitoring, delay, loss or possible alteration. Neither we nor the HSBC Group are responsible for any such messages nor liable to you or anyone else for any damages or otherwise in connection with any messages sent by you to us or any other party or any messages sent or appearing to be sent by us or any third party to you over the Internet (including e-mail). You should not include any sensitive or confidential information in such messages.

OUR MONITORING OF COMMUNICATIONS

To help us improve our service and in the interest of security, we may monitor and/or record communications (whether over the Internet, telephone or otherwise) between you and us. All recordings are our sole property.

INTELLECTUAL PROPERTY RIGHTS

Our Rights - all intellectual property rights (including, without limitation, copyright, database rights, design rights, patents and trademarks) in the Content are owned by or licensed to us unless otherwise stated.

HSBC - HSBC and the HSBC logo are trademarks of HSBC Holdings plc and all rights and benefits in them vest in HSBC Holdings plc.

Copying by you and your access to the Site - you may print, copy, download or temporarily store extracts from this Site for your personal use or to help you use our products and services. You must not alter any extract contained on or obtained from this Site in any form. Any other use is prohibited unless you first get our written permission. Without limiting the above, unless you first get our written consent, you may not reproduce, modify, adapt, transmit, publish, broadcast, create derivative works of, store, archive or in any way exploit any of the Content. Without limitation, neither you nor any other party may do any of the following without prior written consent from us:

• create any data base in electronic or structured manual form by systematically downloading and storing all or any of the Content; or
• redistribute any of the Content (including by using it as part of any syndication, content aggregation, archive or similar service); or
• remove the copyright or trademark notice from any copies of Content made in accordance with these Terms

You undertake not to use the Site for any purpose which is unlawful, abusive, libellous, obscene or threatening. You undertake to comply with any terms notified to you as required from time to time by any third party supplier of data or services to the Site, including but not limited to, where necessary, entering into a direct agreement with such third party in respect of your use of their data.

THIRD PARTIES

HSBC works with third parties to research certain usage and activities on our website on our behalf. No personal information about you is shared, however in the course of conducting this research these third parties may place a unique 'cookie' on your browser.

YOUR QUERIES

If you have any queries regarding privacy issues, then email our compliance department at globalmarketscompliance@hsbcgroup.com. Alternatively you can write to them at HSBC Specialist Fund Management Limited, 8 Canada Square, Canary Wharf, London E14 5HQ.

GENERAL

We may assign our rights and obligations under the Terms to any member of the HSBC Group or to any successor to that part of our business which includes the Site, provided always that the assignee undertakes to comply with our obligations under the Terms, or appoint one or more agents to provide all or any of the service and references to "we", "us" or "our" will include references to such assignees and agents.

No delay or failure by you or us to exercise any of our or your powers, rights or remedies under these Terms shall operate as a waiver of them, nor shall any single or partial exercise of any such powers, rights or remedies preclude any other or further exercise of them. Any waiver to be effective must be in writing. The remedies provided in these Terms are cumulative and not exclusive of any remedies provided by law.

GOVERNING LAW

The terms are governed by and interpreted in accordance with the laws of England and Wales and the courts of this jurisdiction will have non-exclusive jurisdiction in respect of any dispute, which may arise.