Reliance on International Dealer Exemption (“the Exemption”) pursuant to subsection 8.18(2) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) and Notification to Permitted Clients of the prescribed information under subsection 8.18(4)(b) of NI 31-103

This disclosure is in connection with your account(s) and transactions with, and relevant services and products offered by or through:

• JPMorgan Securities Japan Co., Ltd.
• J.P. Morgan India Private Limited
• J.P. Morgan Securities Asia Private Limited
• J.P. Morgan Securities Australia Limited
• J.P. Morgan Securities plc
• J.P. Morgan Securities Singapore Private Limited
• J.P. Morgan Securities (Asia Pacific) Limited
• J.P. Morgan Securities (Far East) Limited – Seoul Branch
• J.P. Morgan Securities (S.E.A.) Limited
• J.P. Morgan Securities (Taiwan) Limited

(each a “J.P. Morgan Entity” or collectively, the “J.P. Morgan Entities”)

Please note that as you are a client domiciled in Canada, when any J.P. Morgan Entity trades with you it does so in reliance upon the Exemption from the dealer registration requirement under NI 31-103 (as such Exemption may be amended and restated from time to time). Pursuant to the Exemption, each J.P. Morgan Entity is subject to trading restrictions, including, among other things, that each J.P. Morgan Entity  is only permitted to trade “foreign securities” with “permitted clients” (as defined in NI 31-103) resident in Canada.  A foreign security is a security issued by an issuer incorporated, formed or created under the laws of a foreign (i.e., non Canadian) jurisdiction or a security issued by a government of a foreign jurisdiction.  This serves to put you on notice that you should only place orders with a J.P. Morgan Entity for foreign securities in accordance with the Exemption.

Please also note that:

1. None of the J.P. Morgan Entities are registered as a dealer in any Canadian province or territory;
2. The jurisdiction of J.P. Morgan Entity’s head office or principal place of business is as follows:

1. All or substantially all of each J.P. Morgan Entity’s assets may be situated outside of Canada;
2. There may be difficulty enforcing legal rights against each J.P. Morgan Entity because of the above; and
3. The name and address of the agent for service of process of each J.P. Morgan Entity in each of the local jurisdictions are listed below.

Please see below the names and addresses of the agents for service of process of J.P. Morgan in Canada:

Alberta
152928 Canada Inc.
c/o Stikeman Elliott LLP
4300 Bankers Hall, 888-3rd Street S.W.
Calgary, Alberta  T2P 5C5
Canada

British Columbia
152928 Canada Inc.
c/o Stikeman Elliott LLP
666 Burrard Street, Suite 1700, Park Place
Vancouver, British Columbia V6C 2X8
Canada
Attention: John Anderson

Manitoba
MLT Aikins LLP
30th Floor - 360 Main Street
Winnipeg, Manitoba, R3C 4G1
Canada
Attention: Richard L. Yaffe

New Brunswick
Stewart McKelvey
Suite 1000, Brunswick House, 44 Chipman Hill,
P.O. Box 7289, Postal Station A, Saint John, NB 2L 4S6
Canada

Newfoundland & Labrador
Stewart McKelvey
Suite 1100, Cabot Place
100 New Gower Street, P.O. Box 5038
St. John's, Newfoundland and Labrador  A1C 5V3
Canada

Nova Scotia
Stewart McKelvey
Suite 900, Purdy’s Wharf Tower One, 1959 Upper Water Street,
P.O. Box 997, Halifax, Nova Scotia B3J 2X2
Canada

Ontario
152928 Canada Inc.
c/o Stikeman Elliott LLP
5300 Commerce Court West
199 Bay Street
Toronto, Ontario M5L 1B9
Canada

Prince Edward Island
Stewart McKelvey
65 Grafton Street
P.O. Box 2140, Stn Central
Charlottetown, Prince Edward Island, C1A 8B9
Canada

Quebec
152928 Canada Inc.
c/o Stikeman Elliott LLP
1155 Rene-Levesque Blvd., 40th Floor
Montreal, Quebec H3B 3V2
Canada
Attention: Alix d'Anglejan-Chatillon

Saskatchewan
McDougall Gauley LLP
1500 – 1881 Scarth Street
Regina, Saskatchewan S4P 4K9
Canada