Risk Warning

St Pauls Marketing Limited (St Pauls) is authorised and regulated by the FSA by virtue of it being an Appointed Representative of City One Securities Limited which is authorised and regulated by the FSA.

This marketing communication and website has been issued and approved for distribution within the United Kingdom by City One Securities Limited on behalf of St Pauls Marketing Limited.

St Pauls is a Corporate Finance business which promotes the products of its corporate clients. St Pauls also promotes the idea and the concept of individuals having an independent review of their financial circumstances by marketing that concept as well. St Pauls will introduce persons interested in a review to Independent Financial Advisors (IFA's) who offer Financial Advice and who are regulated and authorised by The Financial Services Authority themselves. St Pauls will assist both parties in the collection of the data the IFA specifies is needed to perform the review. St Pauls does not offer any advice in relation to pensions or any financial product.

This website, and St Pauls other marketing initiatives, are designed to be thought provoking generic campaigns, where no pension or other advice is offered nor should it be taken. St Pauls will promote the products of its Corporate Clients to individuals who take up the offer of a review of their circumstances. St Pauls will receive a placing fee for any subscriptions made to its corporate clients by persons to whom St Pauls introduces their products. Any individual who takes up the offer of a review of any of their financial circumstances does so at their risk and neither St Pauls or any of its agents or employees are liable or responsible for any financial advice provided by, or obtained through a third party.

St Pauls Marketing acts only for its Corporate Clients and does not act for any investor in any of its Corporate Clients. St Pauls will promote the idea of reviewing circumstances through certain third parties so that St Pauls will have the opportunity to promote its Corporate Clients products in line with its permitted activities as a Corporate Financier. St Pauls may offer to help in the collation of data on behalf of others with the objective of promoting its Corporate Clients products from time to time. If there is no interest in receiving information or further information on the products of its Corporate Clients products St Pauls will discontinue any assistance it may have been giving. The rates quoted are products currently available from Corporate Clients of St Pauls.

The value of shares and debentures may rise and fall and you may have difficulty selling any holdings. Rates quoted for debentures are not guaranteed and rely on the company which issues the debenture to successfully execute their business plans. All investments are speculative in nature and prices may change quickly and can go down as well as up. Past performance will not necessarily be repeated and is no guarantee of future success. Your capital can fall below an amount invested. Coupons and payments on debentures cannot be guaranteed, and the value of a debenture may fall to below par. You may not be able to sell a debenture or share if it is not quoted or listed on an exchange or loses its quote or listing from an exchange. There is an extra risk of losing money when shares are bought in some smaller companies including "Penny Shares" and companies listed on GXG, Plus Markets, ISDX and AIM. There can be a big difference between the buying price and the selling price of such shares or debentures, and if they are sold immediately you may get back much less than you paid for them. In some circumstances, it may be difficult to sell at any price. It may also be difficult for you to obtain reliable information about the value of your investment or the extent of the risks to which it is exposed. Do not invest in these types of products unless you have carefully thought about whether you can afford it and whether it is right for you particularly if you are on a fixed income or approaching retirement age and if necessary consult with your professional tax adviser.

This document and website should not be regarded as an offer or solicitation to conduct designated investment business. The content of this document has been prepared with all reasonable care and is not knowingly misleading in whole or in part. Any opinions and conclusions given are those of St Pauls Marketing Limited and are subject to change without notice. Prices and other figures quoted are correct at close on 23rd November 2012. Any references to the impact of taxation are made in the context of current legislation and may not be valid should the basis of taxation change in the future. St Pauls Marketing Limited and/or its connected companies and/or directors or employees and/or members of their families may from time to time have a material interest (including options) in relation to an investment in which we are promoting and may add or dispose of such securities from time to time.

Past performance will not necessarily be repeated and is no guarantee of future success. Debenture investments are not suitable for everyone and you should not deal in them unless you understand their nature and the extent of your exposure to risk and liquidity. You should carefully consider your own personal financial circumstances before deciding to make an investment.

If the underlying value of a company in which you own a debenture decreases the value of a debenture may also decrease. If the financial institution which issues the securities for your plan fails to repay the amounts due, you could lose some or all of your investment, including any future income. An investment into the Plan may, in certain circumstances, be difficult to realise in whole or in part. Should you have any doubts about the suitability of this investment you should consult with a professional adviser in accordance with the Financial Services and Markets Act 2000.

The information contained on this website does not form part of any offer for sale or subscription to or solicitation to buy or subscribe for any securities or investment product(s). Any 'forward-looking statements' set out or implied herein, involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of investments of all descriptions to differ materially from any future results, performance or achievements implied by such 'forward-looking statements'.

This website is not part of any prospectus and contains no offer to the public for the purposes of the Prospectus Regulations. Tax efficient products providing tax reliefs are subject to change without prior notice. Any tax reliefs referred to are those currently available and their value depends on the individual circumstances of the investor. Potential investors should always seek appropriate tax advice before committing funds into any investment. This website is approved by City One Securities Limited on behalf of St Pauls Marketing Limited. City One Securities Limited is authorised and regulated by the Financial Services Authority (FSA).

The information displayed on this website is for information purposes only.

St Pauls can be contacted at info@st-pauls.eu or on 020 3281 6488

St Pauls Marketing Limited is an Appointed Representative of City One Securities Limited who are authorised and regulated by the Financial Services Authority.