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05 Feb 2019


Dear shareholder,
According to our records you hold shares in Lyxor MSCI Thailand UCITS ETF (hereafter the “Absorbed Sub-fund”), which is a sub-fund of Multi Units France (MUF), a French SICAV fund.
To improve economic efficiency and provide investors with an internationally-recognised investment vehicle, at the request of Lyxor International Asset Management (hereinafter “LIAM”), the Absorbed Sub-fund will be merged into Lyxor MSCI Thailand 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 Sub-fund; consequently, this merger will expose the Absorbed Sub-fund’s shareholders to the Absorbing Sub-fund’s investments.
When this merger is completed, the Absorbed Sub-fund’s shareholders will become shareholders in the MUL fund.