Institutional clients

Intermede Investment Partners Ltd (“Intermede”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. The information contained herein does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities in the United States or to or for the benefit of U.S. Persons as such term is defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933, as amended. The information contained herein further does not constitute financial or investment advice.

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