Its a reducing sleeve 
Jetex website isnt exactly great at higlighting that, the info makes it look like a normal straight sleeve with kink bit!
And you say that fits over both ends perfectly?
Fitted lovely - the clamps then hold it place

I ended up with a longer sleeve as they didn't have that particular in stock and I needed it next day! So ended up having to cut approx 1" off the Milltek downpipe
Thought I had pics of it but can't find them now

The easier option would have been to buy the THS downpipe as that comes with adaptors

Didn't know that myself until after I bought the Milltek
