DISCOUNTED INSTRUMENT AGREEMENT FORM (RECOMMENDED)

Please Note: This investment may be pro-rated by the issuer and can only be liquidated at maturity.

Meristem Wealth Management Ltd, through her Research Unit, will from time to time give recommendation on commercial papers issued by corporates to clients based on the ratings, forecasts, estimates and other available information of the issuers.

All such recommendations reflect the opinions of our analysts but shall not be taken as the sole basis for making any investment decisions as the recommendations may not be suitable for all investors/clients in line with varying risk profiles and investment objectives. Therefore, investors/clients must take care to make their own investment decision based on their specific risk profiles and investment objectives.

Whilst all reasonable care would be taken in giving a buy recommendation to our clients, we believe our recommendations to be reliable, but we do not warrant its completeness or accuracy. Therefore, investors/clients assume the entire risk that may be associated from use of the recommendations and Meristem shall not be liable for any damages whatsoever arising therefrom.

I/We declare that we are aware of and accept the risks inherent in the investment, knowing that the realization of those risks may cause me/us to suffer financial loss.