Proposed acquisition of Pinnacle Renewable Energy Inc. by Drax - Drax

Proposed acquisition of Pinnacle Renewable Energy Inc. by Drax

You are attempting to enter the part of the website that is designated for the publication of documents and information in connection with the acquisition by Drax Group plc (“Drax”) of Pinnacle Renewable Energy Inc. (“Pinnacle”) (the “Acquisition”).

If you would like to view this part of the website, please read this notice carefully. This notice applies to all persons who view this part of the website and, depending on where you are located, may affect your rights or responsibilities.

This part of the website contains electronic versions of certain materials relating to the Acquisition (the “Materials”). The Materials are made available in good faith and for information purposes only and are subject to the terms and conditions set out below. Any person seeking to access this part of the website represents and warrants to Drax that they are doing so for information purposes only and in particular, will be taken to have represented, warranted and undertaken that they have read and agree to comply with the contents of this notice and be bound by its terms and that they are able to access this part of the website and the Materials without contravention of any applicable legal or regulatory restrictions.

Note that the Materials do not constitute, and should not be construed as, an offer to purchase or sell or issue securities, or otherwise constitute an inducement, invitation, commitment, solicitation or recommendation to any person to purchase, subscribe for, or otherwise acquire securities in Drax or any of its affiliates, or constitute an inducement to enter into any investment activity in any jurisdiction.

Responsibility

In relation to the Materials accessible on this part of the website, please note any statement of responsibility contained therein.

Neither the directors of Drax, nor Drax, nor any of its affiliates, have reviewed, and no such person is or shall be responsible for or accepts any liability in respect of, any information contained on any other website which may be linked to or from this part of the website.

Please note that the information appearing in the Materials is accurate only as of the date of the relevant document, regardless of the time of delivery of the document. The business, financial condition, results of operations and prospects of Drax and/or Pinnacle could have changed since that date. Neither Drax nor any other person accepts any obligation or responsibility whatsoever to update or revise any of the information contained or referred to in the Materials except as required by applicable law.

Forward-looking statements

This part of the website and the Materials may include forward-looking statements relating to Drax, Pinnacle, Drax (including Pinnacle) after the Acquisition and the Acquisition. Statements containing the words “intends”, “believes”, “anticipates”, “may”, “will”, “estimates”, “expects” and “outlook” and words of similar meaning are forward-looking. By their nature, all forward-looking statements are subject to assumptions, risks and uncertainties. Although Drax believes that the expectations reflected in these forward-looking statements are reasonable, there can be no assurance that these expectations will prove to have been correct and because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by those forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. Drax does not undertake any obligation publicly to update or revise any forward-looking statement as a result of new information, future events or other information, although such forward-looking statements will be publicly updated if required by the Financial Conduct Authority, the Listing Rules and the Disclosure and Transparency Rules, the rules of the London Stock Exchange or by applicable law.

None of the statements in the Materials are, nor are any intended to be, a profit forecast or estimate for any period and no statement in the Materials should be interpreted to mean that the future earnings, earnings per share, profits, margins, returns on capital or cash flows of Drax or Pinnacle will necessarily match or be greater than the historic published figures or that leverage will necessarily be lower than the historic published figures.

Other

This notice shall be governed by and construed in accordance with English law and any dispute, whether contractual or non-contractual, arising out of or in connection with it shall be subject to the exclusive jurisdiction of the Courts of England and Wales.

Confirmation of understanding and acceptance

In order to view this part of the website, please click on the “CONFIRM” box below. By clicking on the “CONFIRM” box below, you are making the following confirmations:

  • I have read and understood the notice set out above and agree to be bound by its terms.
  • I represent and warrant to Drax and Pinnacle that I intend to access this part of the website for information purposes only, that I have read and understood the notice set out above and that I understand that it may affect my rights or responsibilities.

If you are not able to give these confirmations (as applicable), we cannot provide you with the Information on this part of the website and you should click on the “DECLINE” box below.