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Important Legal Information

This publication is intended for information purposes only, and should not be construed as an offer, recommendation or solicitation for sale, purchase or engagement in any other transaction. Furthermore, by offering information, products or services via this publication, no solicitation is made to any person to use such information, products or services in jurisdictions where the provision of such information, products or services is prohibited by law or regulation. All material is provided without express or implied warranties or representations of any kind and no liability for any direct or indirect damages arising out of the use of this information is accepted.

All information contained in this publication has been prepared by 1875 FINANCE SA on the basis of publicly available information, internally developed data and other sources believed to be reliable. It is for general informational purposes only and should not be construed as an individualised recommendation or personalised investment, tax or legal advice. The information is subject to change without notice. Reasonable care has been taken to ensure that the materials are accurate and that the opinions stated are fair and reasonable. All opinions and estimates constitute our judgment as of the date of publication and do not constitute general or specific investment advice.

Investments in the asset classes mentioned herein may not be suitable for all recipients. Past performance is no guarantee or indication for future results. The price, value of, and income from investments in any asset class mentioned in this publication may experience upward and downward movement and investors may not get back the amount invested. International investing includes risks related to political and economic uncertainties in foreign countries, as well as currency risk.

Any investment should be made only after thoroughly reading the current prospectus and/or other documentation/information available. Nothing contained in this document constitutes legal, tax or other advice, nor should any investment or any other decisions be made solely based on this document.

This publication is not intended for distribution to, or use by, any person or entity in any country or jurisdiction where such distribution or use would be contrary to applicable local laws or regulations or would subject 1875 FINANCE SA to any registration requirement within such country or jurisdiction. Persons or entities in respect of whom such prohibitions apply must not use this publication. This document is not intended for distribution in the U.S. or to U.S. persons.

Additional Information for Switzerland : The prospectus and the Key Investor Information Documents for Switzerland, the articles of incorporation, the annual and semi-annual report, in French and further information can be obtained free of charge from the representative in Switzerland: Carnegie Fund Services S.A., 11, rue du Général-Dufour, 1204 Geneva, Switzerland, web: www.carnegie-fund-services.ch. The Swiss paying agent is: Banque Pictet & Cie SA, 60, Route des Acacias, 1211 Geneva 73. The last share prices can be found on www.fundinfo.com. For the shares of the Funds distributed to non-qualified investors in and from Switzerland and for the shares of the Funds distributed to qualified investors in Switzerland, the place of jurisdiction is Geneva.