Last updated: April, 2026
Disclaimer for use with Presentations
Authorship: This document (the “Presentation”) has been prepared by Mizuho Bank Ltd, Mizuho International plc, Mizuho Bank Europe N.V., Augusta & Co Limited and/or their subsidiaries and branches(collectively “Mizuho EMEA”).It draws on publicly available sources that are subject to modification without notice, and any private information obtained from you.
No liability for contents: Mizuho EMEA is not responsible for any information contained in this Presentation that has been sourced from third parties. The information contained in this Presentation is not comprehensive or complete. Mizuho EMEA provides no guarantee of accuracy and is not liable for any errors. Mizuho EMEA is not responsible for updating the contents of this Presentation to reflect any new information or to correct any errors.
Confidentiality: You must keep the contents of this Presentation strictly confidential and use it only for the intended purpose.
Your information: Unless you notify Mizuho EMEA to the contrary, any non-public information provided by you will be maintained in accordance with internal policies of Mizuho EMEA and may be shared to the extent deemed necessary by Mizuho EMEA to consummate relevant transactions or provide the product or service described in the Presentation.
Other Mizuho activities: Mizuho EMEA and its employees may hold, or have transacted in, securities related to any of the companies mentioned in the Presentation. Mizuho EMEA may also have discussed any ideas and strategies in the Presentation with its traders, acted as principal, made markets, or taken a position on the other side, in relation to any securities or products covered by the Presentation. Mizuho EMEA may act as underwriter, agent, placement agent, initial purchaser,dealer or lender on instruments discussed in the Presentation and/or provide related derivative instruments or other related commercial or investment banking services.
No advice:Neither Mizuho EMEA, nor any of its officers, directors or employees, is giving any advice (including but not limited to tax, financial, legal, investment or accounting advice), recommendations or guarantees as part of the Presentation,nor do they accept any liability for any such reliance on any communications.Financial advice will only be provided where Mizuho EMEA has explicitly been mandated as financial adviser on a specific transaction. Otherwise, you should obtain your own independent advice on all aspects of any proposed solution outlined in the Presentation.
Forward looking statements: You should not rely on any opinions, forecasts, projections or forward-looking statements as facts or representations of future results. The Presentation may include details of instruments that have not been issued, and there is no guarantee that such instruments will be issued in the future.
Specific transactions and products:With respect to specific transactions or products, the Presentation and any communications with you present one of various possible ways of entering into a transaction or using a specific product. Other transaction structures and products are available.
Client responsibility for assessing risks: You agree that you are capable of assessing the merits of any communication (on your own behalf or through independent professional advice), and if you enter into a definitive agreement with Mizuho EMEA, you will do so because you understand and accept the terms and conditions and risks (including but not limited to economic, competitive, operation, financial, accounting and tax risks) of any (potential) transaction, including an understanding of any potential losses and/or fluctuation in prices of any investments made.
No contracts or legal obligations:Until any necessary internal approvals are obtained, and a definitive agreement has been executed, there will be no legal obligations of any kind (other than those relating to confidentiality) owed by either party with respect to the Presentation. The Presentation does not constitute a formal offer to buy or sell any securities, products or other assets, provide any service, or enter into any transaction. The Presentation does not create an exclusive relationship between any Mizuho EMEA company and the recipient of the Presentation or any other person, nor shall the delivery of the Presentation prevent any Mizuho EMEA company from providing financing, advisory services, derivatives or any other product, credit or service to any other persons in connection with the subject matter of the Presentation.
No retail clients: The Presentation is not intended for persons who are Retail Clients, as defined by the applicable rules of the relevant competent regulatory body.
Regulatory restrictions on offering products and services: Nothing in the Presentation is intended by Mizuho EMEA to offer, solicit and/or market any service or product which Mizuho EMEA is otherwise prohibited by local laws, regulations, or guidelines from offering, soliciting, or marketing.
Tax: Any tax aspects of any financial solution proposed in the Presentation are non-confidential, and you may disclose any tax aspects to any persons without limitation. In particular, in the case of the United States, to ensure compliance with Internal Revenue Service Circular 230, prospective investors are put on notice that: (A) any discussion of U.S. Federal tax issues referred to in the Presentation or any document referred to in this Presentation cannot be used by prospective investors to avoid penalties that may be imposed on them under the United States Internal Revenue code of 1986, as amended; and (B) the Presentation is written for use in connection with a specific purpose and not more generally.
English law and courts: The interpretation of the Presentation shall, to the extent appropriate, be governed by English law and subject to the exclusive jurisdiction of the English courts.
ESG: There is no globally accepted framework or market consensus for what constitutes an Environmental, Social or Governance (“ESG”)product, or for related terms such as ‘green’, ‘sustainable’ or‘climate’. ESG can mean very different things to different people. Different regions and jurisdictions have different approaches to the development of ESG standards. Even where regional regulatory frameworks provide some form of local common standard for certain ESG Products (e.g. the EU’s Taxonomy Regulation on what is a ‘environmentally sustainable economic activity’ or the EU’s Green Bond Regulation on the ‘green bond standard’), the application of their underlying methodologies and assessments still involves the exercise of judgement and discretion. Therefore, there remains significant scope for divergent approaches to be taken within the market, such that institutions can often offer similar sounding but fundamentally different ESG products.
Regulatory frameworks for ESG are subject to periodic review and can be changed. This is fairly commonplace given the relative nascency of ESG regulatory frameworks and the continually evolving nature of ESG. This means that a product which at one time qualified as an ESG product under a given ESG regulatory framework can quickly cease, or find itself at risk of ceasing, to be so. ESG data (e.g. on issuers and projects) is of limited availability and may not be reliable. It is often necessary to use specialist ESG data sourced from third-party data providers as inputs into ESG processes.
Such data will itself also be subject to material limitations, such as: i) limitations in the methodologies used by third-party data providers; ii) data lags, coverage gaps or other data quality issues; iii) divergent ESG-related approaches, methodologies and disclosure standards with respect to the identification, assessment or disclosure of ESG factors; iv) the qualitative and subjective nature of ESG information and assessments,meaning that any one data source may not represent the complete picture; and v)the possibility of relevant data changing. Some ESG data provided by third-party providers is not sourced directly from investee companies but constitute estimates that a provider has prepared using its own proprietary methodologies. Mizuho EMEA does not make any representation or warranty as to the completeness or accuracy of any such third-party data, orof data that is generated using third-party data. Mizuho EMEA shall have no liability for any errors or omissions in the information contained in the Presentation.
ESG ratings may vary among ESG rating agencies as their methodologies may differ. An ESG rating is not indicative of current or future operating or financial performance, or any future ability to service the ESG product and is only current as of the date on which it was initially issued. You must determine for yourself the relevance of any ESG rating information contained in the Presentation or elsewhere when making any decision in relation to an ESG product. ESG ratings shall not be deemed to be a recommendation by Mizuho EMEA to buy, sell or hold an ESG product. For information regarding the methodologies used to determine ESG ratings, please refer to the relevant rating agency’s website. Mizuho EMEA is not responsible for any third-party ESG assessment of an ESG product. The ESG product may not satisfy your requirements or any future legal, regulatory or industry standards governing ESG products. You should conduct your own assessment when making any decision in relation to a prospective ESG product.
Mizuho legal entities, staff and regulatory status: The legal entity which may enter into any transaction or provide any service described in the Presentation may, at the option of Mizuho EMEA, and subject to any legal/regulatory requirements and permissions, be any one or more Mizuho EMEA companies. Various Mizuho EMEA legal entities hold regulatory licences in multiple jurisdictions. Details of these are available below.Certain Mizuho EMEA staff are permitted to represent more than one entity. This may be communicated in the Presentation, email signatures and/or business cards.
Mizuho Bank, Ltd. is authorised and regulated by the Financial Services Agency of Japan. In the UK, Mizuho Bank,Ltd., London Branch (“MHBK London”) is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. MHBK London’s registered address is 30 Old Bailey, London EC4M 7AU.
Mizuho International plc (“MHI”) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK. MHI’s registered address is 30 Old Bailey, London EC4M 7AU.
Mizuho Bank Europe N.V. (“MBE”) is licensed by the Dutch Central Bank (De Nederlandsche Bank) and subject to the supervision by DNB,as well as the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten).MBE’s registered address is Atrium Amsterdam, 3rd Floor, Strawinskylaan 3053, 1077 ZX Amsterdam, The Netherlands.
Mizuho Bank, Ltd. (DIFC Branch - Dubai)is regulated by the Dubai Financial Services Authority (DFSA) and is authorized to provide financial services to Professional Clients and Market Counterparties only as defined by the DFSA rulebook. Mizuho Bank, Ltd. (DIFC Branch - Dubai)’s registered address is 5th Floor, East Wing, The Gate Building, Dubai International Financial Centre, PO Box 506607, Dubai, U.A.E.
Mizuho International plc (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA) and is authorized to provide financial services to Professional Clients and Market Counterparties only as defined by the DFSA rulebook. Mizuho International plc’s (DIFC Branch)registered address is Unit 501, Level 5, The Gate Building, East Wing, Dubai International Financial Centre, PO Box 506607, Dubai, U.A.E.
Mizuho Bank, Ltd. (ADGM Branch) is regulated by the Financial Services Regulatory Authority (FSRA) and is authorized to provide financial services to Professional Clients and Market Counterparties only as defined by the FSRA rulebook. Mizuho Bank, Ltd. (ADGM Branch)’s registered address Al Sila Tower, 24th Floor, Abu Dhabi Global Market Square, Al Maryah Island, P.O. Box 764647, Abu Dhabi, U.A.E.
Mizuho Saudi Arabia Company is regulated by the Capital Market Authority (CMA), License number: 11158-30. Mizuho Saudia Arabia Company’s registered address is North Lobby 1st Floor, Al Faisaliah Tower, King Fahad Road, Riyadh, Kingdom of Saudi Arabia.
Mizuho Bank Ltd., Johannesburg Representative Office (“MBJ”) operates under South African regulation. MBJ is authorized as a representative office of a foreign bank and is overseen by the South African Reserve Bank, the Prudential Authority, and the Financial Sector Conduct Authority. Data protection at MBJ is governed by the Information Regulator. Detailed Data Protection policies are available on the Mizuho Financial Group website at https://www.mizuhogroup.com. MBJ’s registered address is: 2nd Floor, West Tower Maude Street, Nelson Mandela Square Sandton, 2196 Johannesburg, South Africa.
Mizuho Bank Ltd., Istanbul Representative Office is subject to Turkish regulation and is supervised by the Banking Regulation and Supervision Authority. Mizuho Bank Ltd., Istanbul Representative Office’s registered address is Suite 5, Ferko Signature 21st Floor, Buyukdere Street No.175, Sisli 34394, Istanbul, Turkey.
Mizuho Bank, Ltd. Bahrain Representative Office is regulated by the Central Bank of Bahrain. Mizuho Bank, Ltd. Bahrain Representative Office’s registered address is Unit 48d, 48th Floor, Harbour Towers - West, Bahrain Financial Harbour, King Faisal Highway, Municipality No.4801, Building 1459, Road 4626, Block 346, Manama, Kingdom of Bahrain (P.O.BOX 5759, Manama, Bahrain).
AO Mizuho Bank (Moscow) is licensed by the Central Bank of the Russian Federation (CBR) and subject to the supervision by the CBR. AO Mizuho Bank (Moscow) is authorized to perform bank operations with both corporates and individuals (license number: 3337) with no authority to provide financial services on a professional securities market. AO Mizuho Bank (Moscow)’s registered address is 5th Floor, 20, Bld. 1 Ovchinnikovskaya nab.115035 Moscow, Russia.
Mizuho MEA Regional Headquarters Company is regulated by the Ministry of Investment (MISA), License number:1011134512295960. Mizuho MEA Regional Headquarters Companies registered address is KAFD , Al-Aqeeq Dist., Metro Boulevard, Riyadh, Kingdom of Saudi Arabia.
Augusta & Co Limited is authorised and regulated by the Financial Conduct Authority. Augusta & Co Limited’s registered address is 19 Queen Street, Mayfair, London, W1J 5PW, United Kingdom.