www.smithson.co.uk (this/the/our "Site") is a website operated by Fundsmith LLP, Smithson Investment Trust plc's ("we", "our", "us", "Smithson") investment manager, on Smithson's behalf. Smithson is registered in England and Wales under company number 11517636 and has its registered office at 1st Floor, Senator House, 85 Queen Victoria Street, London, EC4V 4AB, United Kingdom. Fundsmith LLP ("Fundsmith") is registered in England and Wales under company number OC354233 and has its registered office at 33 Cavendish Square, London, W1G 0PW, United Kingdom.

Acceptance of the terms of this Notice

This Notice governs the use of this Site. By using our Site, you confirm that you accept the terms of this Notice and agree to comply with them. If you do not agree to this Notice, you must not use our Site.

You are also responsible for ensuring that all persons who access this Site through your internet connection are aware of these terms and other applicable terms and/or policies, and that they comply with them.

Intended Audience

This Site is directed at persons in the United Kingdom. The products and services mentioned on this Site are subject to legal and regulatory requirements in various jurisdictions and may not be available in all jurisdictions. The information in this Site does not constitute an offer or solicitation of an offer to buy or sell any investments or to engage in any investment activity in any jurisdiction where such activity would be contrary to local law or regulation. Persons in jurisdictions where these activities are restricted or prohibited must not access or use this Site. It is your responsibility to be aware of and comply with any relevant laws or regulations applicable in your jurisdiction.

Website Contents and Changes to Information

The content of this Site is provided by Smithson and Fundsmith. Each of Smithson and Fundsmith has taken all reasonable care to ensure that information which they provide on this Site is accurate and complete at the date of its publication, however neither can guarantee the adequacy, accuracy or completeness of such information. The information contained on this Site is subject to change at any time, without notice. The views expressed in this Site are the opinions of Fundsmith or Smithson as the case may be and such opinions are subject to change without notice. Where it is stated that the content included on this Site has been created or approved by Fundsmith, such content is the sole responsibility of Fundsmith. Smithson cannot accept any responsibility for such content and, excludes all liability in respect of it.

Website Access and Availability

Access to this Site is permitted for guests and registered users on a temporary basis.

Smithson reserves the right to withdraw or amend the service provided by the Site at any time. Smithson does not accept responsibility as to the operation, functionality or availability of this Site, or warrant that the use of the Site will be free from delay, interruption, interception or error.

Smithson may restrict access to some parts of the Site to users who are registered users. If you are a registered user and you choose or are provided with a user identification code, password or any other piece of information as part of Smithson's security procedures you must treat such information as confidential and you should not disclose it to any third party. Smithson reserves the right to disable any user identification code or password, whether chosen by you or allocated to you by Smithson, at any time if necessary to protect the security of the Site or if you fail to comply with the provisions of this Legal Notice.

Use of this Site

You must not use this Site in any way that causes, or may cause damage to Smithson, Fundsmith any of their business partners, or this Site. In addition, you must not use this Site in any way which is unlawful, illegal, fraudulent or harmful, or in any way which Smithson or Fundsmith would, in their sole discretion, consider to be unacceptable.

You must not misuse this Site by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to this Site, the server on which the Site is stored or any server, computer or database connected to this Site. You must not attack this Site via a denial of service attack or a distributed denial of service attack. Smithson may report any breach of this provision to the relevant authorities and may cooperate with them in any investigation, including by disclosing your identity.

Smithson will take reasonable precautions to ensure the security of this Site. However, Smithson will not be liable for any loss or damage caused by a distributed denial of service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other material due to your use of this Site or to your downloading material posted on it.

Information about Smithson

You may obtain copies of the Smithson Prospectus, key information document and the annual and interim report and accounts issued by Smithson from time to time free of charge by contacting Smithson at 1st Floor, Senator House, 85 Queen Victoria Street, London, EC4V 4AB or these can be downloaded directly from this Site once they are available.

Smithson does not provide financial, investment, tax or other advice. If you are unsure as to whether an investment in the Smithson is suitable for you, you should seek your own professional advice.

Risk Warnings

It should not be assumed that an investment into Smithson will be profitable. Past performance is not a reliable indicator of future results. The value of investments and the income from them may fall as well as rise, may be affected by changes in rates of exchange, and you may not get back the amount of your original investment. The Smithson Prospectus contains further information in relation to the potential risks of investing in Smithson.

Data Protection and Privacy

Smithson is committed to protecting the confidentiality and security of your personal information in accordance with current data protection legislation as set out in our Privacy and Cookie Policies. Please refer to the detailed information included in the links to these policies at the bottom of each page on this Site for more information.

Intellectual Property Rights

Smithson is the owner or the licensee of all intellectual property rights contained within this Site and in the material published on it. These works are protected by copyright laws. All such rights are reserved.

You may download or print out a hard copy of pages from this Site or the material made available on it for your personal reference. However you must not make any copy of the material on this Site available for public or commercial use without Smithson's prior written consent. You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way.

"Smithson" and "Fundsmith" are the registered trade marks of Fundsmith.

Links to this Site

You may link to the Home Page of this Site, provided that you do so in a way which is fair, legal and does not damage the reputation of Smithson or Fundsmith or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on the part of Smithson or Fundsmith where none exists. You must not establish a link from a website that is not owned by you. This Site must not be framed on any other Site nor may you create a link to any part of this Site other than the Home Page. You access such sites at your own risk. These sites will have their own terms and conditions of use, and your use of them and your relationship with their owners and/or operators will be governed by such terms and conditions.

Links from this Site

Where this Site contains links to other sites and resources provided by third parties, these links are provided for your information only. Your use of third party websites will be subject to their terms and conditions. Smithson has no control over the contents of these sites or resources and accepts no responsibility for them or for any loss or damage that may arise to you from your use of them.

Termination

Smithson has the right to immediately terminate your access to this Site at any time on giving notice to you and in any event if you commit any breach of these terms and conditions. Smithson shall have no liability to you for such termination. In the event that your access to this Site is terminated, the remaining provisions of this Legal Notice will continue to apply.

Limitation of Liability

Save as provided below, neither Smithson nor Fundsmith, any of their members, directors, officers or employees, nor any third party vendor, will be liable or have any responsibility of any kind for any loss or damage that you incur:

  1. in the event of any failure or interruption of this Site;
  2. as a result of the act or omission of any other party involved in making this Site or the data contained in it available to you; or
  3. from any other cause relating to your access to, inability to access, or use of this Site or the materials contained on this Site,

whether or not the circumstances giving rise to such cause may have been within the control of Smithson or Fundsmith, or of any vendor providing software, services, or similar support.

To the maximum extent permitted by applicable law Smithson and Fundsmith exclude all representations, warranties and conditions relating to this Site and the use of this Site (including, without limitation, any warranties implied by law of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill).

Nothing in this Notice excludes or restricts any duty or liability that Fundsmith has under the Financial Services and Markets Act 2000 (as amended from time to time), the rules of the Financial Conduct Authority or the regulatory system as defined in FCA's Rules.

Nothing in this Notice shall restrict or exclude any liability that Smithson or Fundsmith has to any party that cannot be excluded by law, including for (a) death or personal injury resulting from negligence; (b) fraud or fraudulent misrepresentation.

Indemnity

You shall indemnify Smithson from and against all actions, claims, proceedings, costs and damages (including any damages or compensation paid by us on the advice of our legal advisors to compromise or settle any claim) and all legal costs or expenses arising out of your use of the Site and any breach by you of any terms and conditions contained in this Legal Notice.

Amendments to these Terms

Smithson may revise these terms of use at any time by amending this Legal Notice. You are expected to check this Legal Notice from time to time to take note of any changes to these terms.

Governing Law & Other Legal Provisions

These terms and conditions shall be governed by and construed in accordance with the laws of England and Wales without regard to conflicts of law principles. The English courts will have the exclusive jurisdiction over any claim arising from or related to this Site. No failure of either party to enforce any of its rights under this Legal Notice will act as a waiver of such rights. If any portion of any provision of this Legal Notice is found invalid or unenforceable, that provision shall be enforced to the maximum extent possible and the remaining provisions of this Legal Notice shall remain in full force and effect.

LAST UPDATED: JULY 2020

Please see documents for anti-bribery and prevention of tax-evasion policies.