U.S. Business Restrictions and USD Transfer Disclaimer

Business scope

Bovillus Finance operates as a private financial institution outside the United States. Its business policy excludes conducting financial services business in the United States or soliciting U.S. financial institutions as clients or business counterparties, subject to the limited payment-processing distinction below. Bovillus Finance does not hold itself out as a U.S.-licensed or U.S.-regulated financial institution.

USD references and incidental payment processing

References to United States dollars (“USD”) identify a currency of denomination, valuation or payment and do not, by themselves, indicate a U.S. business presence, regulatory authorisation or affiliation with a U.S. financial institution.

Where an otherwise lawful and duly authorised transfer involves a U.S. bank or the U.S. payment system, such involvement is limited to incidental intermediary, correspondent, clearing or settlement processing for that transfer. It must not be represented as evidence of a broader commercial partnership, sponsorship, endorsement or authority to act for the institution concerned. The actual role of each institution is determined by the relevant payment records and agreements.

U.S. securities restrictions

Bovillus Finance’s business policy excludes offering, underwriting, brokering, dealing in or providing investment advice concerning U.S. securities. It does not solicit securities transactions in the United States or offer securities services to U.S. persons. Nothing in its communications constitutes an invitation to undertake activities outside these restrictions.

Applicable law

This statement describes Bovillus Finance’s intended business scope and operating restrictions. It does not exclude any jurisdiction, establish an exemption or waive any legal obligation arising under applicable law. Any involvement of USD, U.S. persons, U.S. financial institutions or U.S. payment infrastructure remains subject to all applicable sanctions, anti-money-laundering, payment-processing, securities and other legal requirements. Describing a transfer as temporary, incidental or in transit does not remove those requirements.

Authority and verification

No broker, intermediary, introducer or other third party is authorised to represent otherwise or to use references to USD or U.S. institutions as evidence of Bovillus Finance’s regulatory status, institutional relationships or financial commitments.

Questions concerning this statement or the authenticity of related representations should be directed to compliance@bovillus.finance.