Vision Asset Management Co. (Holdings) Ltd: Terms and Conditions of Web Site Use

Please read these Terms and Conditions carefully as they apply to your access to and use of the services described in our web site.

We request that you pay particular attention to our Privacy Policy which sets out the principles by which we abide in relation to the treatment of information about visitors to our web site and which includes information provided in accordance with the European Data Protection Directives.

In consideration of our allowing you free access to the material on our web site, and by proceeding past our Home Page, you agree to these Terms and Conditions. In order to protect your own interests, we request that you read these Terms and Conditions carefully before doing so.

You may save these Terms and Conditions for your future reference by clicking on 'Save' and you may print a copy of them by clicking on 'Print'. In any event, a copy of these Terms and Conditions will be cached to your computer's hard drive.

These Terms and Conditions constitute the entire agreement between us with respect to our web site and the services we provide through it, and supersede all prior communications and agreements between us, whether electronic, oral or written, regarding the subject matter contained in our web site. A printed version of these Terms and Conditions and of any notice given in electronic form shall be admissible in judicial or administrative proceedings to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

Data Protection and Privacy

Any information you give to us will be stored and used in accordance with our Privacy Policy.

Limitation of Liability

Your attention is drawn specifically to this section.

1. This web site or any part of it may not be compatible with your browser or computer configuration and we make no warranty that it is. We make no warranty that our services via this web site will be available at any particular time or that your access to our web site will be uninterrupted, timely or error free and we will not be responsible if we are unable to provide the web site or its services for any reason.

2. You warrant to us that you will not use this web site for any unlawful purposes or in a way that is prohibited by these Terms and Conditions. We may immediately terminate your ability to access this web site if you breach these Terms and Conditions or if we believe that we or our other customers may incur liability from your actions.

3. This web site may include hyperlinks to web sites operated by other parties and content posted by visitors to our web site. We are not responsible for examining or evaluating them and their inclusion does not imply our endorsement of their content. We are therefore not responsible for the content of external Internet sites that link to this web site or which are linked from it. Nor are we responsible for any content posted to this web site by visitors.

Indemnity

If you are accessing our web site in the course of a business, you agree to indemnify us and to keep us indemnified from all or any liability or damages we incur in contract, tort or otherwise towards a third party as a result of your use of this web site.

You are permitted to read the contents of this site and to make copies for your own personal use. You may also give copies to colleagues for their personal use on terms that Vision Asset Management Co. (Holdings) Ltd. is acknowledged as the source, the text is not altered in any way, and the attention of the recipients is drawn to this warning. All other use and copying of any of the contents of this site is prohibited. Copying from web sites of third parties is subject to any requirements applicable to those sites.

General

If any provision contained in these Terms and Conditions is determined to be invalid or unenforceable the remainder of the Terms and Conditions shall not be affected.

The web site and the services offered within it have been prepared in compliance with the laws of England and Wales and are not suitable for use in other parts of the United Kingdom or overseas. You should seek appropriate legal advice if you are unsure as to which country's law or jurisdiction applies to your circumstances.

Our web site is operated and controlled from the United Kingdom and these Terms and Conditions and your use of this web site are governed by and construed in accordance with the laws of England and Wales. Unless you are using our web site and services as a consumer, by agreeing to these Terms and Conditions you consent to all disputes arising out of or relating to your use of this web site being decided only by the courts of England and Wales. If you are accessing this web site from another jurisdiction it is your responsibility to ensure compliance with the laws that apply to that jurisdiction.

You are not permitted to assign your rights under these Terms and Conditions. All rights under the Contracts (Rights of Third Parties) Act 1999.

Vision Asset Management Co. (Holdings) Ltd

February 2009