ACCESS TO THIS AREA OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION) BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION IN THIS AREA OF THE WEBSITE. THESE MATERIALS ARE NOT DIRECTED AT, OR TO BE ACCESSED BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION OR WOULD RESULT IN A REQUIREMENT OF CATCHMARK TIMBER TRUST, INC. TO COMPLY WITH ANY CONSENT OR OTHER FORMALITY WHICH CATCHMARK TIMBER TRUST, INC.  REGARDS AS UNDULY ONEROUS (A “RESTRICTED JURISDICTION”).

Possible offer for Phaunos Timber Fund Limited ("Phaunos") by CatchMark Timber Trust, Inc. (“CatchMark”)  (the "Possible Offer")

Access to the website

You are attempting to enter the part of the website that is designated for the publication of documents and information in connection with the Possible Offer.

If you would like to view this area of the website, please read this notice carefully.  This notice applies to all persons who view this area of the website and, depending on where you are located, may affect your rights or responsibilities. CatchMark reserves the right to amend or update this notice at any time and you should, therefore, read it in full each time you visit the site. In addition, the contents of this area of the website may be amended at any time, in whole or in part, at the sole discretion of CatchMark.

This area of the website contains electronic versions of materials relating to the Possible Offer. The materials you are seeking to access are made available by CatchMark in good faith and for information purposes only and are subject to the terms and conditions set out below.  Any person seeking to access this area of the website represents and warrants to CatchMark that they are doing so for information purposes only.

To allow you to view information about the Possible Offer, you must read this notice and then click "AGREE". If you are unable to agree, you should click "DISAGREE" and you will not be able to view information about the Possible Offer.

Nothing on this area of the website, nor anything which can be downloaded from it, constitutes an offer for sale of or subscription for, or any solicitation for any offer to purchase or subscribe for, any securities (or the solicitation of any votes attaching to securities which are the subject of the Possible Offer) in any jurisdiction in which such offer or solicitation is unlawful.

There can be no certainty that any firm offer (a “Firm Offer”) will be made, nor as to the terms on which any Firm Offer might be made. However, if a Firm Offer is made, the full terms and conditions of such Firm Offer will be set out in an offer document (or a scheme circular, in the event that any such Firm Offer is to be effected by way of a scheme of arrangement under the Companies (Guernsey) Law 2008, as amended). In deciding whether or not to accept any Firm Offer, if made (or, if any Firm Offer is to be effected by way of a scheme of arrangement, how to vote in respect of any such scheme of arrangement), shareholders of Phaunos should rely only on the information contained, and procedures described, in that offer document (or, if applicable, scheme circular) (in each case, if published).

Overseas jurisdictions 

The materials contained in this area of the website contain information in respect of the Possible Offer. Viewing this information may be unlawful if you are resident or located in a Restricted Jurisdiction. In certain jurisdictions, including Restricted Jurisdictions, only certain categories of persons may be allowed to view such materials. All persons resident or located outside the United Kingdom who wish to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so and should inform themselves of, and observe, any applicable legal or regulatory requirements applicable in their jurisdiction. It is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are not permitted, or if you are in any doubt as to whether you are permitted, to view the information contained in this area of the website, please exit this website.

The information contained in this area of the website is not being, and must not be, directly or indirectly, released, mailed, transmitted or otherwise forwarded, distributed or sent, in whole or in part, in or into a Restricted Jurisdiction and persons receiving such information (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, mail, transmit or otherwise forward, distribute or send any such information in, into or from any such jurisdiction. CatchMark and its advisers do not assume any responsibility for any violation by any person of any of these restrictions.

By clicking on “AGREE” below, you represent that you are not a national of, or resident in, a Restricted Jurisdiction and that CatchMark is lawfully entitled to make the content of any information contained in this area of the website available to you under applicable securities laws. If you are not permitted to view the information contained in this area of the website, or viewing that information would result in a breach of the above, or if you are unable to give this representation, please exit this website and do not view the content of any communication or document in relation to the Possible Offer.

This area of the website contains information that has been prepared for the purposes of complying with English law, Guernsey law and the UK City Code on Takeovers and Mergers (the "Code") and the information disclosed may not be the same as that which would have been disclosed if this information had been prepared in accordance with the laws and regulations of any jurisdiction outside England.

Cautionary note regarding forward-looking statements

The materials contained on this area of the website may contain statements which are, or may be deemed to be, “forward-looking statements”. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of CatchMark about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.

The forward-looking statements contained in the materials contained on this area of the website include, among others, statements relating to the potential exposure of Phaunos to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions.

Although CatchMark believes that the expectations reflected in such forward-looking statements are reasonable, CatchMark can give no assurance that such expectations will prove to be correct. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements should therefore be construed in the light of such factors. All forward-looking statements contained in the materials contained on this area of the website are expressly qualified in their entirety by the cautionary notes contained or referred to in this section, and you are cautioned not to place undue reliance on these forward-looking statements.

Neither CatchMark nor any of its associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in the materials contained on this area of the website will actually occur.

Other than in accordance with its legal or regulatory obligations, CatchMark is under no obligation, and CatchMark expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No statement contained in any of the materials contained on this area of the website is intended as a profit forecast or profit estimate.

Responsibility

In relation to any Possible Offer-related materials accessible on this area of the website please note any statement of responsibility contained therein.

The documents included in this area of the website issued or published by CatchMark speak only at the specified date of the relevant document and CatchMark has, and accepts, no responsibility or duty to update or revise such documents.

In relation to any such announcements or other Possible Offer-related materials issued or published by Phaunos, or which relate to Phaunos and its group, that may be accessible from time to time on this website, the only responsibility accepted by CatchMark and its directors is for the correctness and fairness of their reproduction.

Neither the directors of CatchMark, nor CatchMark nor any of its affiliated companies, have reviewed, and no such person is or shall be responsible for or accepts any liability in respect of, any information contained on any other website which may be linked to or from this area of the website.

Daiwa Corporate Advisory Limited (“DC Advisory”), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for CatchMark and no one else in connection with the matters referred to in the materials contained in this area of the website and will not regard any other person as its client in relation to the matters referred to in the materials contained in this area of the website and will not be responsible to anyone other than CatchMark for providing the protections afforded to clients of DC Advisory, nor for providing advice in relation to the matters referred to in the materials contained in this area of the website. Neither DC Advisory nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract or in tort, under statute or otherwise) to any person who is not a client of DC Advisory in connection with the materials contained in this area of the website, any statement contained therein or otherwise.

Confirmation of understanding and acceptance

If you are not resident or located in a Restricted Jurisdiction and are able to give the confirmations set out below, please click on "AGREE". In order to view the materials in this area of the website, by clicking on "AGREE" below, you are making the following confirmations:

  • I have read and understood the notice set out above and I agree to be bound by its terms.
  • I am not (nor do I act on behalf of someone who is) resident in any country that renders the accessing of the materials on this website or parts of it illegal.
  • I will not print, download, or otherwise seek to copy, mail, forward, distribute or send any of the materials on this area of the website to any other person at any time.
  • I represent, warrant and undertake to CatchMark that I intend to access this area of the website for information purposes only.

If you are not able to give the above confirmations, you should click on “DISAGREE” below.