Legal Disclaimer System response and account access times may vary due to a variety of factors, including trading volumes, market conditions and system performance. E*TRADE and its affiliates do not intend the information provided on this site to be distributed to, or used by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject E*TRADE or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained on this site constitutes a solicitation or offer by E*TRADE or its affiliates to buy or sell any securities, foreign exchange, futures, options or other financial instruments or provide any investment advice or service. E*TRADE Securities Limited provides execution only services to you in relation to your equities trading and as such we are not required to assess the suitability of the instrument or the service provided or offered to you and as a result, you will not benefit from the protection of the FSA rules on assessing suitability. Therefore, we will not assess whether: (i) the relevant product or services meets your investment objectives; (ii) you would be able financially to bear the risk of any loss that the product or service may cause; or (iii) you have the necessary knowledge and experience to understand the risks involved. E*TRADE Securities Limited is authorised and regulated in the United Kingdom by the Financial Services Authority. E*TRADE Securities Limited is a company registered in Scotland no. SC103238 with its principal place of business at Vintners Place, 68 Upper Thames Street, London EC4V 3BJ, United Kingdom. Registered office at 24 Great King Street, Edinburgh EH3 6QN, United Kingdom. E*TRADE Securities Limited, Dubai branch is regulated by the Dubai Financial Services Authority and the services offered by E*TRADE Securities Limited, Dubai branch are limited to arranging and marketing. E*TRADE Securities Limited, Netherlands Branch is regulated by the Netherlands Authority for the Financial Markets (AFM) E*TRADE Securities Limited, French Branch is located at 140 rue du Faubourg Saint Honore 75008 Paris, France and is regulated in France by the La Commission Bancaire and l'AMF (Autorité des marches financiers) as an investment firm with the interbank code of 18 143W .

E*Trade Securities Limited, French Branch: 140 rue du Faubourg Saint Honoré, 75008 Paris, France - N° SIREN 502 616 170 RCS Paris – Code APE 6419Z - N°TVA FR 1250261617000028 - Règlementée en France par la Commission Bancaire sous le code interbancaire 18 143W et par l’Autorité des Marchés Financiers - Succursale française d’E*TRADE Securities Limited : 24 Great King Street, Edinburgh EH3 6QN, Royaume Uni - Immatriculée en Ecosse sous le n° SC103238 - Réglementée au Royaume Uni par la Financial Services Authority. In Europe and the Middle East US securities products and services are offered by E*TRADE Securities Limited. For the purpose of trading in U.S. equities, options and bonds, your account is with E*TRADE Securities Limited. E*TRADE Securities Limited has a fully disclosed clearing agreement with the U.S. broker-dealer affiliate, E*TRADE Clearing LLC (member NYSE/FINRA/SIPC) (www.sipc.org) , which will execute, clear and settle transactions pursuant to a fully-disclosed clearing agreement. E*TRADE Securities Limited and E*TRADE Clearing LLC are separate but affiliated companies. E*TRADE Securities (Hong Kong) Limited is licensed by the Securities and Futures Commission in Hong Kong (CE No.: ACT764) and has its principal place of business at Suite 2401-12, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong. E*TRADE Securities Limited, ETRADE Securities (Hong Kong) Limited, E*TRADE Securities LLC and E*TRADE Clearing LLC are wholly owned subsidiaries of E*TRADE FINANCIAL Corp. which is listed on NASDAQ under symbol ETFC.

ETRADE Securities (Hong Kong) Limited, Singapore Branch (Co. Registration No. F06703M) is registered with the Monetary Authority of Singapore with its principal place of business at 80 Raffles Place #36-01, UOB Plaza 1, Singapore 048624 All applications for US products that are received by ETRADE Securities (Hong Kong) Limited and its Singapore Branch are introduced to E*TRADE Securities LLC which is member of FINRA/SIPC (www.sipc.org) and your account will be with E*TRADE Securities LLC. E*TRADE Securities Limited offers a Global Trader account for securities and derivatives products and services. To facilitate this E*TRADE Securities Limited has entered into a fully disclosed clearing agreement with E*TRADE Bank A/S, a separate but affiliated company, which will execute, clear and settle transactions on behalf of E*TRADE Securities Limited. E*TRADE Bank A/S is authorised and regulated in Denmark by the Finanstilsynet. E*TRADE Bank A/S is a wholly owned subsidiary of E*TRADE Financial Corporation. For purposes of spread betting, E*TRADE Securities Limited introduces you to E*TRADE Spread Betting which is a trading name of London Capital Group Ltd registered in England and Wales no. 3218125. Registered office: 4th Floor, 12 Appold Street, London. EC2A 2AW. London Capital Group Ltd. is authorised and regulated by the Financial Services Authority. Terms and conditions written in English apply to products and services offered by E*TRADE and those terms will prevail in the event of any inconsistency with material translated into a local language. © 2008 E*TRADE FINANCIAL Corp. All rights reserved. E*TRADE FINANCIAL is a registered trademark and the E*TRADE FINANCIAL logo is a trademark of E*TRADE FINANCIAL Corp. 11/2008