No part of this presentation may be reproduced in any manner without the written permission of Satuit Capital Management, LLC. Information contained herein is derived from sources we believe to be reliable, however, we do not represent that this information is complete or accurate, and it should not be relied upon as such. All opinions expressed herein are subject to change without notice.

This information is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any security or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that security values may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Individual client accounts may vary.