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05 Feb 2019


Dear shareholder,
According to our records you hold units in the FCP fund Lyxor MSCI Turkey UCITS ETF (hereinafter the “Absorbed Fund” or the “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 Fund in which you are a unit-holder will be merged into Lyxor MSCI Turkey 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.
When this merger is completed, the unit-holders of the Fund will become shareholders in the MUL fund.