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Your privacy is very important to Legg Mason Investments. To the extent any information you provide or which we obtain from this website constitutes personal data, we have set procedures for the use of that information.

You agree that all information and/or particulars sent or submitted by you through this website is non-confidential and non-proprietary unless otherwise expressly indicated by you. You acknowledge that Legg Mason Investments, its directors, officers, employees, contractors and agents shall not be subject to any confidentiality obligations in respect of any such information and/or particulars and you agree that Legg Mason Investments, its directors, officers, employees, contractors and agents may, and you hereby authorise each of them to, use and to disclose such information to any person (including without limitation any third party service provider) in connection with Legg Mason Investments’ internal business purposes.

Without prejudice to the generality of the foregoing, you consent to the processing by Legg Mason Investments of the personal data submitted by you through the website and/or created in the course of the business relationship with Legg Mason Investments, and to the transmission of such personal data to other companies within the Legg Mason Group (by the internet or otherwise) for purposes connected with marketing and customer administration. If you do not wish your information to be used in this way, you should advise Legg Mason Investments by e-mail or in writing.

Legg Mason Investments reserves the right, in its sole discretion, to change, modify, add to, or remove portions of this Privacy Policy at any time. Any changes, modifications, or additions to, or deletions from this Privacy Policy shall be notified to you by, and effective upon, posting on this website. You agree that such notification of changes shall be sufficient notice for the purpose of this clause. If you use this website after we post changes to this Privacy Policy, you are deemed to have accepted this Privacy Policy as changed. If you do not agree to be bound by the changes, you shall immediately cease all access and/or use of this website. Legg Mason Investments expressly reserves the right to monitor any use of this website.

This Privacy Policy shall be subject to, governed by, and construed in accordance with the laws of Singapore, and you hereby submit to the non-exclusive jurisdiction of the Singapore Courts.

14 November 2007