Singapore

Jennison is not registered with the Monetary Authority of Singapore. Accordingly, this information and any other document or information in connection with the offer or sale of Jennison products or services may not be circulated or distributed to persons in Singapore other than to an institutional investor pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”).

In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser. This information is issued by PGIM Singapore for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Section 305 of the SFA.

Kuwait

Saudi Arabia

United Arab Emirates (UAE)

Within the UAE, this information is only available in the UAE, excluding the distinct financial services jurisdictions of the financial free zones of the UAE, namely the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM). This information is only accessible to a limited number of exempt investors who fall under a of the category of “Professional Investor” as defined within SCA Chairman Decision No. (13/RM) of 2021 on the Rulebook of Financial Activities and Mechanisms for Adjusting Positions.

The offering of the products and/or services described herein have not been approved or licensed by the UAE Central Bank, the UAE Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (SCA) or any other relevant licensing authorities in the UAE, and accordingly does not constitute a public offer in the UAE in accordance with the commercial companies law, Federal Law No. 2 of 2015 (as amended), SCA Board of Directors’ Decision No. (13/Chairman) of 2021 on the Regulations Manual of the Financial Activities and Status Regularization Mechanisms or otherwise. Accordingly, the Document is not offered to the public in the UAE (including the Dubai International Financial Centre (DIFC)).  This information is strictly private and confidential and is being issued to a limited number of institutional and individual clients:

1. who meet the criteria of a Professional Investor as defined in SCA Board of Directors’ Decision No. (13/Chairman) of 2021 on the Regulations Manual of the Financial Activities and Status Regularization Mechanisms or who otherwise qualify as sophisticated clients;

2. upon their request and confirmation that they understand that the products and/or services described in this Document have not been approved or licensed by or registered with the UAE Central Bank, the SCA, or any other relevant licensing authorities or governmental agencies in the UAE; and

3. must not be provided to any person other than the original recipient and may not be reproduced or used for any other purpose.

United Kingdom

The distribution of information in the United Kingdom is being addressed to, or directed at, only the following persons: (i) persons having professional experience in matters relating to investments, who are “Investment Professionals” as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”); (ii) persons falling within any of the categories of persons described in Article 49 (“High net worth companies, unincorporated associations etc.”) of the Financial Promotion Order; and (iii) any other person to whom it may otherwise lawfully be distributed in accordance with the Financial Promotion Order. 

In the United Kingdom, certain information may also be issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). 

Various European Economic Area jurisdictions 

In the European Economic Area (“EEA”), information may be issued by PGIM Investments (Ireland) Limited, PGIM Netherlands B.V. or PGIM Limited depending on the jurisdiction. PGIM Investments (Ireland) Limited, with registered office at 2nd Floor, 5 Earlsfort Terrace, Dublin 2, Ireland, is authorised and regulated by the Central Bank of Ireland (Reference No. C470709) and operates on the basis of a European passport and through its branches in Italy, Germany and the Netherlands. PGIM Netherlands B.V., with registered office at Eduard van Beinumstraat 6, 1077CZ, Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration No. 15003620) and operates on the basis of a European passport and through its branches in Germany and France. 

In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance on provisions, exemptions or licenses available to PGIM Limited including those available under temporary permission arrangements following the exit of the United Kingdom from the European Union. This information is issued by PGIM Limited, PGIM Investments (Ireland) Limited and/or PGIM Netherlands B.V. to persons in the UK who are professional clients as defined under the rules of the FCA and/or to persons in the EEA who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).

In Switzerland, information is issued by PGIM Limited, through its representative office in Zurich with registered office at Limmatquai 4, 8001 Zürich, Switzerland, which is authorised and regulated by the Swiss Financial Market Supervisory Authority (“FINMA”). This information is issued to persons in Switzerland who are professional or institutional clients within the meaning of Art.4 para 3 and 4 FinSA.

Canada

Jennison has its principal place of business in the United States and is not registered in Canada and relies on the international adviser registration exemption in National Instrument 31-103 and is limited to providing services to “permitted clients.”

In Canada, please note: Jennison operates in the provinces of Alberta, British Columbia, Manitoba, Ontario, and Quebec pursuant to the international adviser exemption from the requirement to register as an adviser under securities laws. Pursuant to the international adviser registration exemption in National Instrument 31-103, Jennison is informing you that: (1) Jennison is not registered in Canada and is advising you in reliance upon an exemption from the adviser registration requirement under National Instrument 31-103; (2) Jennison’s jurisdiction of residence is, New York, U.S.A.; (3) there may be difficulty enforcing legal rights against Jennison. because it is resident outside of Canada and all or substantially all of its assets may be situated outside of Canada; and (4) the name and address of the agent for service of process of Jennison. in the applicable Provinces of Canada are as follows: in Alberta: Borden Ladner Gervais LLP, Centennial Place, East Tower, 1900, 520 - 3rd Avenue SW, Calgary, Alberta T2P 0R3; in British Columbia: Borden Ladner Gervais LLP, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver, B.C. V7X 1T2; in Manitoba: MLT Aikins LLP, 30th Floor - 360 Main Street, Commodity Exchange Tower, Winnipeg, Manitoba R3C 4G1; in Ontario: Borden Ladner Gervais LLP, Bay Adelaide Centre, East Tower, 22 Adelaide Street West, Toronto, Ontario M5H 4E3; in Québec: Borden Ladner Gervais LLP, 1000 de La Gauchetière Street West, Suite 900, Montréal, Québec H3B 5H4.

Australia and New Zealand

This information is provided to prospective investors and, by receiving it, each prospective investor is deemed to represent and warrant that it is a “Wholesale Client” (as those terms are defined in Australian Corporations Act 2001 (Cth) (Act) and in each jurisdiction in which this information is provided. 

Jennison is exempt from the requirement to hold an Australian financial services license under the Act (as a result of the operation of Class Order CO 03/1100) in respect of the financial services it provides to Wholesale Clients in Australia and is regulated by the United States Securities and Exchange Commission under the Investment Advisers Act of 1940, which differ from Australian laws.

In Australia, information may be is issued by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the general information of its wholesale clients. PGIM Australia is an Australian financial services (“AFS”) license holder (AFS license number 544946). 

In New Zealand, information is provided to wholesale investors in accordance with Schedule 1, Clause 3 of the Financial Markets Conduct Act 2013 in New Zealand. To invest as a wholesale investor in New Zealand, investors must fit the criteria as set out in the Financial Markets Conduct Act 2013.