The basis on which you are entitled to access the F.D. Sims Limited web site is set out below. These terms may be changed from time to time. Your access to the site will be deemed to constitute acceptance of these terms.

All information contained in this web site is provided by F.D. Sims Limited in good faith. There may, however, be inadvertent and occasional errors or omissions in respect of which F.D. Sims Limited accepts no liability whatsoever. Access to this site is at the visitor's own risk.

F.D. Sims Limited makes no representations or warranties about the information provided through this web site, including any hypertext links or any other items used either directly or indirectly from the F.D. Sims Limited web site, and reserves the right to make changes and corrections at any time without notice.

F.D. Sims Limited does not represent that the information contained on the web site is accurate, comprehensive, verified or complete, and shall have no liability for the accuracy of the information contained in the web site or for delays or omissions therein or for any reliance placed by any person on the information.

F.D. Sims Limited accepts no liability whatsoever for any direct, indirect, special or other consequential damages of whatever kind resulting from whatever cause through the use of any information obtained either directly or indirectly from the F.D. Sims Limited web site.

No information in the F.D. Sims Limited or the Irce Spa web site constitutes or shall be deemed to constitute an invitation to invest or otherwise deal in Irce Spa shares or ADRs.

F.D. Sims Limited does not accept any responsibility for enabling the reader to link to another site in the World Wide Web or for any other site.

Visitors to the F.D. Sims Limited web site who provide information using any feedback forms or E-mail agree that F.D. Sims Limited or its' parent company Irce Spa shall have all rights to the information provided and may use such information in any way it chooses. Such information shall be non-confidential.

© F D Sims Ltd The copyright in the materials on this web site is owned by F D Sims Ltd. The materials on this web site may only be used by those who access it from the United Kingdom and who use it or reproduce it in hard copy for their own personal reference. Any other use of the materials on this web site is prohibited and is subject to the prior written permission of F D Sims Ltd. All rights reserved.

F.D Sims Limited. Registered office: Hazelhurst Works, Ramsbottom, Bury, Lancashire. BL0 9PL. United Kingdom.