Capital Intelligence Ratings (CI Ratings) was registered on May 8, 2012 as a credit rating agency in the European Union (EU) in accordance with Regulation (EC) No 1060/2009 of the European Parliament and Council of the EU on credit rating agencies, as amended.

CI Ratings makes the following disclosures as required by the EU Regulation.

General Disclosures

Actual & Potential Conflicts of Interest

Ratings Potentially Affected by Conflicts of Interest

Ancillary Services

Publication of Credit Ratings and Related Communications

General Nature of Compensation Arrangements

Methodologies and Material Changes in those Methodologies

Material Modifications to Systems, Resources and Procedures

Code of Business Conduct and Code of Ethics

Other Disclosures

Transparency Report

Sovereign Ratings Review Calendar

Disclosure Requirements for Initial Reviews and Preliminary Ratings

Entities Accounting for More Than 5% of Revenue

Errors and Corrections