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SG Virtual Trading Platform

OVERVIEW

The SG Virtual trading platform allows you to "paper-trade" SG covered warrants. You will be credited with a virtual £10,000 at the start of each month, which you can use to trade in any of SG's covered warrant and tracker products. Trading will take place in real time using live SG warrant prices.


TRADING

Each month, you will have a virtual portfolio credited with £10,000 to trade. Each executed trade (a buy or a sell) will be charged a flat £10 virtual broker commission. There are no limits to the number of trades that can be undertaken. The minimum trading size in all cases is one warrant.

You will be able to trade all SG covered warrant and tracker products, with trades executed in real time. Trading can take place during official London Stock Exchange trading hours - 8:15am- 4.30pm, Monday to Friday. No extended trading hours are permitted.

Both "AT market" and "Limit" orders will be permitted. With an "At Market" order, a participant will enter the number of warrants they wish to trade and, if they have sufficient funds, the order will be executed at the prevailing market price. Buy orders will be executed at the "ask" ("offer") price. Sell orders will be executed at the "bid" price.

Limit orders are "no worse than orders", i.e all buy orders will be executed at a price below a price pre-fixed buy the contestant and all sell orders will be executed at a price above a pre-determined price.

MONTHLY PERFORMANCE

The value of participants' portfolios will be updated in real time based on the prevailing bid price of the SG products they hold, plus any cash position. No interest will be earned on virtual cash positions held. At the end of each weekly game, the closing bid price of their holdings at market close on Friday, plus their remaining cash position (if any) will be added to calculate each participants' portfolio value.


LEGAL INFORMATION & DISCLAIMER

All information provided on the SG Virtual trading portfolio are obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. All information viewable on the website is indicative only. The information does not represent an offer to purchase or sell any financial instrument, nor to subscribe to any financial service. Nothing in the SG Virtual Portfolio website constitutes advice on the merits of buying, or selling a particular investment or exercising any right conferred by the warrants described. SG does not offer investment advice in respect of these products.

SG maintains the right to modify the site's content, at any moment and without warning. To the extent possible at law, SG does not accept any liability whatsoever arising from the use of the material on the SG Virtual Portfolio website. SG cannot guarantee that the website will not be subject to technical difficulties, hackers or viruses. SG maintains the right to suspend or cancel the website or modify game statistics (e.g rankings) at any time.

SG's responsibility cannot be challenged in the event of any errors, omissions or delays that occur or any trading losses or any costs arising from information processing. SG does not accept any liability (whether direct or indirect) arising from any events occurring outside the game such as technical failures due to a participant's computer hardware, software, telecommunications system or internet provider.

Access to the site's web pages, product services and fares can be subject to restriction for certain visitors or countries, accordingly to relevant law and regulations. Consequently, the website visitors and contestants must respect applicable guidelines, laws and regulations. While visiting the website, SG might collect data concerning the visitor through automated processes. All client information collected within the site is to be used by SG only. Unless requested otherwise by the client, SG is authorised to store, use and communicate all information to other SG group entities as well as relevant third parties.

SG will also be authorised to use"cookies" that will allow SG to record relevant information in respect to navigation on our website. (viewed pages, date and time of each viewing etc). If you wish to uninstall cookies please refers to your browser's internet options.

Figures included in this website take no account of personal tax liability. The value of warrants may be exposed to fluctuations in rates of exchange, and these may have an adverse effect on the value or price of the warrant. The value of warrants can go down as well as up. Any returns referred to in this website are illustrative only and do not constitute projections of expected returns unless expressly specified as such.

SG or its associates may from time to time have a position, or material interest in the warrants described in this website or the investments underlying them. Generally SG will be the only market maker in the warrants discussed and will or may have provided significant advice in relation to the warrants and the investments underlying them.

Any third-party advertising, information and referral buttons containing hyperlinks are not recommendations or endorsements by SG or its respective directors, affiliates or employees. The user is referred to the relevant third party for all relevant information, including complete information on that entity's investment adviser or dealer licensing status (if applicable).

The name, logo and trademarks of SG and its affiliates ('SG') are reproduced by permission of SG. Where any warrant is based on an index, the index provider will have no liability to you in respect of its activities in respect of that index. The SG Virtual Portfolio website site is maintained by Société Générale, Exchange House, Primrose St, London EC2A 2DD. Warrants Risk Warning Warrants are not suitable for everyone. You should not deal in warrants unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. This disclaimer cannot disclose all the risks and other significant aspects of warrants. If you are in any doubt you should consult an appropriately qualified financial advisor.

Leveraged returns are a major advantage of warrants but can also work against investors. Warrant investors should be aware that, if the underlying instrument to the warrant moves in the opposite direction to that anticipated by investors, the losses incurred by the warrant will be greater in percentage terms than those incurred by the underlying itself. The prices of warrants can therefore be volatile.

Warrants have a limited life, as denoted by the expiry date of each issue. After this date, warrants can no longer be traded or exercised. Investors should note that warrants experience time decay throughout their life. The rate of this decay accelerates as warrants near expiry and warrants may expire worthless. You should not buy a warrant unless you are prepared to lose all of the money you have invested plus any commission on transaction charges.

Information given about the past performance of warrants or the securities underlying them is no guarantee of future performance. No investment decision should be taken without reading the Listing Particulars relating to the particular warrant concerned. A copy of the Listing Particulars may be obtained from Société Générale at Exchange House, Primrose St, London EC2A 2HT upon request.

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