U.S. securities law and the law of several other countries prohibit employees who know important, non-public information about the Company, or another company, from buying or selling any securities (including stock) of the Company or the other company. Accordingly, employees with access to important, non-public information about the Company, may not:

• use that information to trade in stock or other securities of the Company (or for any other purpose except the conduct of the Company’s business);
• pass on that information to any third-party without authorization from the Company; or
• recommend to others that they trade in stock or other securities of the Company (i.e. “tip”) based on that information.

If an employee has any questions concerning this, he/she should consult a Director or supervisor.