Investor alert: Penfold & Partners Ltd.

Finansinspektionen (the Swedish Financial Supervisory Authority) has
today published this statement in order to warn investors against dealing with unauthorised firms. Penfold & Partners Ltd. is not authorised by
Finansinspektionen and is therefore not entitled to provide financial
services. Finansinspektionen has not received any notification of cross-border activities from other EES countries.

Penfold & Partners Ltd. has a website (www.penfoldpartners.com) using

the following address: Mánesova 36/18, 120 00 Praha 2-Vinohrady,
Prague, Czech Republic.

Penfold & Partners Ltd.'s representatives contact investors in Sweden through unsolicited telephone calls.

To find out whether a company or individual is authorised, check
Finansinspektionen's website at: www.fi.se under "Authorisation".