Disclosures

CowryExchange ("DBA") is a wholly-owned brand of mSika Limited, a proposed limited liability company. mSika Limited is a proposed member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash) in the United States. mSika Limited is also a proposed member of the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange (GSE) in the Republic of Ghana. Explanatory brochure available upon request or at www.sipc.org.

Free trading of stocks refers to $0 commissions for mSika Limited self-directed individual cash or margin brokerage accounts that trade Ghanaian listed securities via mobile devices or Web. Relevant regualtory fees may apply. Please see the Commission and Fee Schedule.

mSika Limited is proposedly registered in the Republic of Ghana, the United Kingdom, and the United States. This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where mSika Limited is not registered. Additional information about your broker can be found by clicking here.

Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds ("ETFs") carefully before investing. ETFs are subject to risks similar to those of other diversified portfolios. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies.

Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. A prospectus contains this and other information about the ETF and should be read carefully before investing. Customers should obtain prospectuses from issuers and/or their third party agents who distribute and make prospectuses available for review. ETFs are required to distribute portfolio gains to shareholders at year end. These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading will also generate tax consequences. Additional regulatory guidance on Exchange Traded Products can be found by clicking here.

All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. The price of a given security may increase or decrease based on market conditions and customers may lose money, including their original investment.

Testimonials may not be representative of the experience of other customers and are not guarantees of future performance or success.

Third party information provided for product features, communications, and communications emanating from social media communities, market prices, data and other information available through mSika Limited are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The CowryExchange website provides its users links to social media sites and email. The linked social media and email messages are pre-populated. However, these messages can be deleted or edited by users, who are under no obligation to send any pre-populated messages. Any comments or statements made herein do not reflect the views of mSika Limited or any of its propsoed subsidiaries or affiliates.

Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Accra, Ghana | New York, New York