The Bulletin Board - Conditions of Use and Disclaimer

The Bulletin Board is intended for Sharepages members to discuss and exchange information and research on UK shares. Members can create, post and respond to messages as well as view and search postings related to a specific company or poster.

It is important that you spend a minute or two reading the Rules and Disclaimer as shown below. That's because when you post or read a message you're agreeing to be bound by the Rules and Disclaimer.

The Rules

All content, including the contents of the Bulletin Board, on the Sharepages.com website are displayed at the sole discretion of Sharepages.com Limited and we reserve the absolute right to remove or refuse any user, posting, comment, advertisement, image or any other material without assigning a reason.

Sharepages will not exercise editorial control over the content of messages posted on The Bulletin Board but ask that Members behave responsibly in their postings. Should a Member feel harassed in any manner you must notify us of the offending post or message. We reserve the right to remove any message at any time that we deem to be unsuitable and also any Member who continues to post misleading or deceptive information or is abusive, obscene or threatening to fellow Members.

Any information you use from The Bulletin Board you do so at your own risk. The opinions expressed in these messages are made by the Members themselves (many of whom use anonymous nicknames and may be strangers to yourselves) and are purely observations which do not necessarily represent accurate information nor professional advice. Whilst the information contained herein may help you with your investment research you should not solely rely upon this information for making any investment decisions. Past achievement is not necessarily a guide to future performance and it is the responsibility of the Member to check the authenticity of any information by carrying out further independent research on investments of interest. Look on the company's website, get hold of the annual report, read the financial press, etc., and then decide for yourself the accuracy and reliability of information that has been presented by a contributor on The Bulletin Board.

You must always consult an independent financial adviser for investment advice. Share prices can go down as well as up and Members are strongly encouraged to always seek professional advice before entering into any share dealing as a result of details on The Bulletin Board.

Finally, be cautious of any message claiming to share privileged information and urging you to act quickly to avoid missing out.

Posting Messages

Use these guidelines when posting to The Bulletin Board:

• Nickname - only one nickname is permitted per Member. If a message is posted using your nickname it will be deemed to have been posted by you.

• New thread - click on 'Post new message', provide a suitable subject line and keep your message to the point without making it lengthy. If your posting relates to specific companies, enter part of the company name(s) or EPIC code(s) in the corresponding fields.

• Format - please write messages in lower case and not all in caps as this is considered inappropriate on the Internet. Please also take care with grammar and spelling!

• Message content - do not post messages that ramp the share price nor provide misleading and deceptive information. If it is brought to the attention of Sharepages that a Member is seen to be continually hyping shares, we will remove such Member from The Bulletin Board at our discretion

• Promotions - please do not advertise investments or financial services nor offer investments for sale. Any unauthorised business or advertisements seen to be promoting themselves and brought to the attention of Sharepages will be removed.

• Information - remember to credit the source of any information with the appropriate hyperlink to avoid copyright infringement. Copying and posting material from other sites and media is illegal and could result in action against the poster so if in doubt, do not copy. Sharepages does not take responsibility for other websites outside the www.sharepages.com domain.

• Courtesy to fellow Members - please do not make personal remarks about other Members. At our discretion we will censor and remove rude, obscene, offensive and harrassing messages.

Disclaimer

By accessing and using The Bulletin Board, you are acknowledging that you will abide by the above rules. In addition please note the following:

• Sharepages Members will use The Bulletin Board entirely at their own risk.

• The content of The Bulletin Board represents the opinions of the Members only and Sharepages will not be held responsible for content therein.

• Sharepages will not be liable for any investment decisions Members make as a result of the information provided in The Bulletin Board.

• Sharepages will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area.

• Members may not use The Bulletin Board to publish advertisements, solicit business, offer investments for sale and post information which infringe the copyright of a third party. If you do so, you may either commit a criminal offence and/or make yourself liable to civil action and Sharepages reserves the right to remove such messages and/or Member from The Bulletin Board.

• Any Member brought to the attention of Sharepages who posts inaccurate, misleading or deceptive information to The Bulletin Board or is abusive, obscene, offensive or threatening to fellow Members will be removed from The Bulletin Board.

• The Sharepages Bulletin Board is primarily aimed at users who are subject to English law. Under the terms of this Act restrictions are placed on who may, or may not, pass on investment advice. Members should ensure they are familiar with the provisions of Part V of the Criminal Justice Act 1993 (and any future legislation) regarding insider dealing and that they do not post any messages in breach of such provisions. It may be legal to publish factual information but it is a criminal offence to pass an opinion on investment merit and potential unless you are subject to the regulatory rules of membership of a Statutory Regulatory Organisation (SRO). The restatement of another's opinion is controlled by the same rules as the dissemination of your own opinions.

• Users who are subject to laws other than English law should ensure that in using this service that they are fully in compliance with all local applicable laws and regulations.