Legal and Privacy Information

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. BY ACCESSING SSGA.COM AND ANY PAGES THEREOF (the "Site"), YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS LISTED BELOW. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.

No Offer/Local Restrictions

Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. State Street Global Advisors (SSgA) offers a number of products and services designed specifically for various categories of investors in various countries and regions. Not all products will be available to all investors. These products or services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations.

The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.

Jurisdictional Matters

The information available by accessing the non-U.S. pages in this Site has been prepared and is maintained by non-U.S. affiliates of SSgA, including but not limited to State Street Global Advisors, Australia, Limited, State Street Global Advisors Asia Limited, State Street Global Advisors Singapore Limited, State Street Global Advisors Limited, State Street Banque, S.A., State Street Bank Europe Ltd., State Street Global Advisors AG, State Street Global Investments SGR p.A., State Street Global Advisors GmbH, State Street Global Advisors, Ltd., State Street Global Advisors Representacion Bancaria, State Street Trust and Banking Co., Ltd. and State Street Global Advisors (Japan) Co., Ltd. (collectively hereinafter referred to as "Non-U.S. Affiliates").

The Non-U.S. Affiliates offer products and services designed specifically for non-U.S. investors. The information and other material contained on these web pages are only directed at and available to investors in specific countries. All content contained therein should be considered, and is subject to, the specific regulatory requirements under which these Non-U.S. Affiliates operate, respectively.

SSgA does not offer the products or services of the Non-U.S. Affiliates outside their intended countries or regions, and funds from U.S. investors will not be accepted. Access to non-U.S. pages in this site by U.S. residents is for informational purposes only and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security under U.S. law.


No Reliance

Information contained in the Site is checked and updated by SSgA with due diligence on a regular basis. However, data on the Site may become outdated. Therefore, neither State Street Corporation nor SSgA assumes any liability or guarantee for the timeliness, accuracy and completeness of the information provided. SSgA uses reasonable efforts to obtain information from sources which it believes to be reliable; however, SSgA makes no representation that the information or opinions contained on the Site is accurate, reliable or complete. The information on the Site is provided for informational purposes only and is subject to change without notice. The investments and strategies discussed in the contents may not be suitable for all investors and are not obligations of SSgA or guaranteed by SSgA. The investments are not bank deposits and are not insured by the FDIC, CIPF, CDIC or any other entity and are subject to investment risks, including the loss of the principal amount invested. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Warranty

THE INFORMATION ON THE SITE IS PROVIDED "AS IS". NEITHER STATE STREET CORPORATION NOR SSGA WARRANTS THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EACH EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Limitations of Liability

In no event, including negligence, will State Street Corporation be liable for any loss or damage of any kind, including any direct, special indirect or consequential damages arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Site.

Linked Websites

Should the viewer leave the Site via a link contained in the Site which leads to an entity not affiliated with SSgA, the viewer does so at its own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by State Street Corporation or SSgA, and neither State Street Corporation nor SSgA will accept any responsibility whatsoever for the content of such sites or any losses related thereto. Viewers who access the "Job Opportunities" section of the Site through the link contained in the Site are accessing an external site managed by Jobpartners Limited which is not affiliated with SSgA and such access is subject to the terms of this paragraph.

Investment Performance

Historical performance is not necessarily indicative of future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested.

Privacy
Privacy information for public areas on the Site

When using the public areas of the Site, SSgA does not monitor or collect any personally identifiable information from you. SSgA may, however, track the number of users who visit the public areas of the Site. SSgA may also record the location of your computer on the Internet for systems administrative and trouble shooting purposes and to report aggregate information. SSgA uses various technical means, including "cookies", to collect and store information about your Internet connection when you visit the Site. Cookies are data elements that the Site sends to your browser. SSgA uses cookies to measure the number of visitors to different parts of the Site. This information helps SSgA to improve the Site and make it more useful to the Site's visitors. If you would prefer not to accept cookies from the Site, you may set your browser accordingly. If you choose to disable cookies in your browser, you can still access most of the Site. SSgA may use other methods now or in the future to accomplish the goals of collecting technical and navigation information about the Site.

If you voluntarily provide personal information such as an e-mail address when inquiring about SSgA or its products and services, we use that personal information to improve our services to you, to provide information to you and to inform you about additional products or services that may be of interest to you. SSgA does not share your personal information with unaffiliated third parties, except as required by law.

Privacy information for password-protected areas on the Site

When using the areas of the Site which require a personal identifier and password, SSgA does not monitor or collect any personally identifiable information from you. Additionally, SSgA may track the number of users who visit various areas of the Site. SSgA may also record the location of your computer on the Internet for systems administrative and trouble shooting purposes and to report aggregate information. SSgA uses various technical means, including "cookies", to collect and store information about your Internet connection when you visit the Site. Cookies are data elements that the Site sends to your browser. SSgA uses cookies to measure the number of visitors to different parts of the Site. This information helps SSgA to improve the Site and make it more useful to the Site's visitors. If you choose to disable cookies in your browser, you will not be able to log on the Site or maintain a session on the Site. SSgA may use other methods now or in the future to accomplish the goals of collecting technical and navigation information about the Site.

SSgA uses your personal information to service your account, to improve SSgA's services to you, to provide information to you and to inform you about additional products or services that may be of interest to you. SSgA does not share your personal information with unaffiliated third parties without notifying you, except to service your account or as required by law.

While SSgA takes active steps, including use of firewall barriers, encryption techniques and authentication procedures, to protect all information SSgA receives online, SSgA cannot guarantee the security of any information you transmit to the Site online, and you do so at your own risk.

If you share your personal information, including your password information, with a third party, you do so at your own risk. By doing so, you may compromise the security of your personal information, including account/financial information. If you share your password information with a third party, such as an information aggregator, we may not be able to verify the user of the password information. If you choose to share your password information with a third party, including an information aggregator, we assume no liability or responsibility whatsoever for the integrity and security of that third party's information systems or the dissemination, through a third party, of any of your personal and confidential information. For security reasons, you will automatically be logged out of a password-protected site after 30 minutes of browser inactivity.

United Kingdom Users

This communication is directed at professional persons (this includes persons who are market counterparties and intermediate customers as defined by the Financial Services Authority) who have professional experience in matters relating to investments. The products and services to which this communication relates are only available to such persons and persons of any other description (including private investors) should not rely on this communication.

To the extent this communication refers to collective investment schemes, this communication is directed at persons having professional experience of participating in unregulated schemes and at trustees of high value trusts. Units in the scheme(s) to which this communication relates are available only to such persons. Persons who do not have professional experience in participating in unregulated schemes or who are not trustees of a high value trust should not rely on it. Participation in exempt collective investment schemes is restricted to pension schemes or funds which satisfy the criteria set out in the Income Tax (Pension Funds Poling Schemes) Regulations 1996.

For Australia Investors

State Street Global Advisors, Australia, Limited Privacy Policy. Last updated January 9, 2002.

Collection of Information

We will only collect personal information about individuals in the following circumstances:

We will only collect personal information directly from an individual, or from a third party who is authorised by the individual to disclose the information to us.

We will only collect sensitive information (e.g. information about religious beliefs, health or a criminal record) about an individual in the circumstances permitted by the Privacy Act 1988.

Use and Disclosure

We will use personal information about an individual for the purpose(s) for which it was disclosed to us or other related purposes for which the individual would reasonably expect that the personal information would be used or disclosed. If we use or disclose personal information for any other purpose, we will only do so with the individual's consent or in the circumstances permitted by the Privacy Act 1988. We will only transfer information overseas in the circumstances permitted by the Privacy Act 1988.

We will not use a government identifier, such as a tax file number, to identify individuals.

In the course of our business, we might disclose personal information to the following organisations, or types of organisations (among others):

Access to and Correction of Personal Information

An individual may contact us to determine whether we hold personal information about him or her, and, if so, to request access to that personal information. The relevant contact details appear at the end of this policy. We will give the individual access to his or her personal information except in the circumstances permitted by the Privacy Act 1988. If we refuse an individual access to his or her personal information we will tell him or her our reasons.

We will take reasonable steps to ensure that personal information is accurate, complete, and up-to-date. If an individual requests us to correct or update personal information, we will do so.

Security

We will take reasonable steps to:

The steps we will take to protect personal information will depend on the type of information and the purpose for which it is held. For instance, they may include:

Contact Details

Privacy Officer
State Street Global Advisors, Australia, Limited
Level 38 Aurora Place
88 Phillip Street
Sydney, NSW 2000
Australia



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