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SMBC US Rates Strategy Weekly 5 Disclaimers This document has been prepared by SMBC Group (including, collectively or individually, Sumitomo Mitsui Banking Corporation (“SMBC”) , SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Leasing and Finance, Inc., and JRI America, Inc.) and is being furnished by SMBC Group solely for use by the client(s) or potential client(s) to whom such materials are directly addressed and delivered. SMBC Nikko Securities America, Inc. (“SMBC Nikko America”) is a U .S.-registered broker- dealer. SMBC Nikko Securities Canada, Ltd. (“SMBC Nikko Canada”) is a U.S. and Canadian registered broker-dealer. SMBC Capital Markets, Inc. (“SMBC Capital Markets”) is a U .S. swap dealer registered with the Commodity Futures Trading Commission ( “ CFTC ” ). SMBC Group deal team members may be employees of any of the foregoing entities. 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