Nations Merchant Bank / www.nat-merc.com

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 22 of the Financial Supervision Act 1988.

The Commission has recently become aware of the activities of the above entity, which it has been reported has made claims that it is based in or linked to the Isle of Man in some manner.

This entity is not licensed by the Financial Supervision Commission to undertake banking or investment business.

The Commission has established no genuine links between this entity and the Isle of Man.

Under the circumstances the Commission would strongly urge persons considering dealing with this entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.

Any persons who are already involved in any dealings with the above entity and have concerns should contact the Enforcement Division on +44 1624 689313 or by email to fsc@gov.im.

FSC Reference: JPM/16/2003