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31 Aug 2017

Fund Merger Exchange Ratio

Dear Sir/Madam,

We are writing to you as a unitholder in the Multi Units France- LYXOR BTP 10Y – MTS Italy Government Bond (DR) UCITS ETF sub-fund (hereinafter the "Absorbed Sub-Fund"), whose merger-absorption with the Lyxor EuroMTS 10Y Italy BTP Government Bond (DR) UCITS ETF sub-fund of the Luxembourg open-ended investment company Lyxor Index Fund (hereinafter the "Absorbing Sub-Fund") we announced by letter dated 31 July 2017, with a planned merger date of 7 September 2017.

We would like to remind you that, in order to complete this merger-absorption, subscriptions and redemptions relating to the Absorbed Sub-Fund will be suspended on 4 September 2017.