Disclaimer


THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. BY ATTENDING THIS PRESENTATION OR BY READING THESE PRESENTATION SLIDES YOU ACKNOWLEDGE AND AGREE TO THE FOLLOWING:


The information in this document has been prepared by and is the sole responsibility of Capital city - Podgorica (the "Issuer") solely for use at a presentation to be held in connection with the investment promotion of the City. It has not been approved or endorsed by any dealer or manager retained by the Issuer. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The information contained in this presentation does not constitute a public offer under any applicable legislation, or an offer to sell or solicitation of an offer to buy.


These materials contain statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. The Issuer assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.


There may be additional material risks that are currently not considered to be material or of which the Issuer and its advisors or representatives are unaware.


This document and its contents are confidential and are being provided to you solely for your information and may not be retransmitted, further distributed to any other person or published, in whole or in part, by any medium or in any form for any purpose. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. The Issuer relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.


This presentation does not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities, and nothing contained herein shall form the basis of any contract or commitment whatsoever. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. 


The contents of this presentation have not been verified by the Issuer or by any other person. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Issuer or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation.  None of the Issuer nor any other person accepts any liability (in negligence or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.   In giving this presentation, neither the Issuer nor its respective advisers and/or agents undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.


Each investor and prospective investor is strongly advised to seek its own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory issues. Analyses and opinions contained herein may be based on assumptions that, if altered, can change the analyses or opinions expressed. 


Nothing contained herein shall constitute any representation or warranty as to future performance of any security, credit, currency, rate or other market or economic measure. Furthermore, past performance is not necessarily indicative of future results. 

Investors and prospective investors are required to make their own independent investigation and appraisal of the financial condition of the Issuer and the nature of the projects. No reliance may be placed for any purpose whatsoever on the information contained in this presentation, or any other material discussed verbally, or on its completeness, accuracy or fairness. 


This document is an advertisement for the purposes of the applicable measures.


This presentation and the information contained herein does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Issuer in the United States. This document and its contents may not be viewed by persons located in the United States (within the meaning of Regulation S under the Securities Act) other than “qualified institutional buyers” (“QIBs”) as defined in Rule 144A under the Securities Act (“Rule 144A”). 

NOT FOR DISTRIBUTION INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN