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15 Jan 2019

MERGER BY ABSORPTION - lyxor-commodities-corecommodity-crb

Dear Unit-holder,
According to our records, you hold units in the “Lyxor Thomson Reuters/CoreCommodity CRB TR UCITS ETF” fund (hereinafter the “Absorbed Fund” or the “Fund”).
To improve economic efficiency and provide investors with an internationally-recognized investment vehicle, at the request of Lyxor International Asset Management (hereinafter “LIAM”), the Fund in which you are a unit-holder will be merged into “Lyxor Thomson Reuters/CoreCommodity CRBTR UCITS ETF”, a sub-fund (hereinafter the “Absorbing Sub-fund”) of MULTI UNITS LUXEMBOURG (MUL), a Luxembourg SICAV fund.
Upon completion of this merger by absorption, the Absorbing Sub-fund will receive all of the assets of the Absorbed Fund; consequently, this merger will expose the unit-holders of the Fund to the Absorbing Sub-fund’s investments.
Following this merger, the unit-holders of the Fund will become shareholders in the MUL fund.