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Saxo Bank A/S accepts no responsibility
for the accuracy or completeness of any information here in contained nor for any forecasts or
recommendations. Saxo Bank A/S shall not be responsible for any loss arising from any investment
based on any recommendation, forecast or other information herein contained. The contents of this
publication should not be construed as an express or implied promise, guarantee or implication by
Saxo Bank that you will profit from the strategies herein or that your losses in connection therewith
can or will be limited. Stops may not necessarily limit losses to intended levels. Please read the full
disclaimer.