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France

This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5 allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Term of Usfor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Term of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL Capital Management Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL Capital Management website: information réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

Ce site web est strictement réservé aux investisseurs professionnels de France, conformément à la transposition de la directive MiFID II (Directive 2014/65/UE)dans les lois et règlements français. Un client professionnel est un client qui possède l’expérience, les connaissances et la compétence nécessaires pour prendre ses propres décisions d’investissement et évaluer correctement les risques encourus. Nous vous invitons à vous assurer que vous disposez bien de la qualité d'investisseur professionnel.

Ce site fournit des informations sur les fonds, gérés par BDL Capital Management SAS, autorisés à être commercialisés auprès des investisseurs professionnels en France (ci-après, les « Fonds de BDLCapital Management »). Ce site Internet ne s'adresse pas aux personnes relevant d'une juridiction dans laquelle la publication du site Internet ou son accès est interdit(e) en raison de leur nationalité ou de leur lieu de résidence. Les personnes accédant au site Internet savent qu'elles sont seules responsables du respect des lois et réglementations applicables dans leur pays de résidence et/ou de nationalité.

Ce site web est fourni à titre d'information uniquement : les informations affichées sur le site web ne constituent ni une offre, ni une sollicitation d'investissement dans desFonds de BDL Capital Management, ni une recommandation personnalisée.

Les informations et la documentation disponibles sur ce site web seront affichées en fonction du profil d'investisseur que vous avez sélectionné (pays de résidence, catégorisation de l'investisseur et langue) : vous êtes est seul responsable de l'exactitude des informations fournies dans cette sélection de profil d'investisseur.

Les investisseurs potentiels doivent être conscients que les investissements dans des fonds présentés comportent des risques. Les performances passées ne préjugent pas des performances futures et les investisseurs dans les fonds peuvent ne pas récupérer tout ou partie du montant initialement investi. L’investissement dans un fonds de BDL CapitalManagement concerne l’acquisition de parts ou d’actions d’un fonds, et non d’un actif sous-jacent donné, tel que les actions d’une société, étant donné que ceux-ci sont seulement des actifs sous-jacents détenus par le fonds.

De plus amples informations peuvent être trouvées dans le prospectus, le document d'information clé de l'investisseur(KIID), les statuts ou le règlement de gestion, le dernier rapport annuel et le dernier rapport semestriel. Les investisseurs potentiels doivent se référer au prospectus et au document d'information clé de l'investisseur (KIID) avant toute décision d'investissement.

Les informations et documents relatifs aux fonds commercialisés en France sont disponibles gratuitement sur www.bdlcm.comsur www.fundinfo.comainsi qu'auprès de BDL Capital Management, 24Rue du Rocher, 75008 Paris. Le prospectus de la SICAV BDLCM FUNDS est seulement disponible en anglais.

Ce site web et les informations et documents disponibles sur ce site ne sont pas destinés aux Ressortissants Américains, et les Fonds de BDL Capital Management ne sont pas destinés à être commercialisés auprès des Ressortissants Américains (selon la définition de «U.S. Person » du Règlement S de la Securities Act). La société de gestion est habilitée à procéder au rachat de Parts détenues par un Ressortissant américain ou à refuser l’inscription d’un transfert en faveur d'un Ressortissant américain selon son appréciation afin de respecter la Securities Act.

BDL Capital Management peut décider de cesser la commercialisation de ses organismes de placement collectif conformément à l'article 93 bis de la directive 2009/65/CE et à l'article 32 bis de la directive 2011/61/UE.

BDL Capital Management ne saurait être tenu responsable des pertes ou dommages directs, indirects, spéciaux ou consécutifs de quelque nature que ce soit, résultant de l'utilisation de ce site InterneVe

Vuillez-vous référer auxMentionlégalepour connaître les conditions exhaustives associées à toute visite de ce site internet.

En cliquant sur le bouton ci-dessous « J’accepte », Je confirme que je suis un investisseur professionnel en France et que j'ai lu et accepté toutes les conditions prévues dans cet avertissement ainsi que les Mentions légales.

Ce site web est strictement réservé aux investisseurs non professionnels de France, conformément à la transposition de la directive MiFID II (Directive 2014/65/UE) dans les lois et règlements français.

Ce site fournit des informations sur les fonds, gérés par BDL Capital Management SAS, autorisés à être commercialisés auprès d’investisseurs professionnels ou investisseurs privés en France (ci-après, les« Fonds de BDL Capital Management »). Ce site Internet ne s'adresse pas aux personnes relevant d'une juridiction dans laquelle la publication du site Internet ou son accès est interdit(e) en raison de leur nationalité ou de leur lieu de résidence. Les personnes accédant au siteInternet savent qu'elles sont seules responsables du respect des lois et réglementations applicables dans leur pays de résidence et/ou de nationalité.

Ce site web est fourni à titre d'information uniquement : les informations affichées sur le site web ne constituent ni une offre, ni une sollicitation d'investissement dans desFonds de BDL Capital Management, ni une recommandation personnalisée.

Les informations et la documentation disponibles sur ce site web seront affichées en fonction du profil d'investisseur que vous avez sélectionné (pays de résidence, catégorisation de l'investisseur et langue) : vous êtes est seul responsable de l'exactitude des informations fournies dans cette sélection de profil d'investisseur.

Les investisseurs potentiels doivent être conscients que les investissements dans des fonds présentés comportent des risques. Les performances passées ne préjugent pas des performances futures et les investisseurs dans les fonds peuvent ne pas récupérer tout ou partie du montant initialement investi. L’investissement dans un fonds de BDL CapitalManagement concerne l’acquisition de parts ou d’actions d’un fonds, et non d’un actif sous-jacent donné, tel que les actions d’une société, étant donné que ceux-ci sont seulement des actifs sous-jacents détenus par le fonds.

De plus amples informations peuvent être trouvées dans le prospectus, le document d'information clé de l'investisseur(KIID), les statuts ou le règlement de gestion, le dernier rapport annuel et le dernier rapport semestriel. Les investisseurs potentiels doivent se référer au prospectus et au document d'information clé de l'investisseur (KIID) avant toute décision d'investissement.

Les informations et documents relatifs aux fonds commercialisés en France sont disponibles gratuitement sur www.bdlcm.com, sur www.fundinfo.com ainsi qu'auprès de BDL Capital Management, 24Rue du Rocher, 75008 Paris. Le prospectus de la SICAV BDLCM FUNDS est seulement disponible en anglais.

Ce site web et les informations et documents disponibles sur ce site ne sont pas destinés aux RessortissantsAméricains, et les Fonds de BDL Capital Management ne sont pas destinés à être commercialisés auprès des Ressortissants Américains (selon la définition de « U.S. Person » du Règlement S de la Securities Act). La société de gestion est habilitée à procéder au rachat de Parts détenues par unRessortissant américain ou à refuser l’inscription d’un transfert en faveur d'un Ressortissant américain selon son appréciation afin de respecter la Securities Act.

BDL Capital Management peut décider de cesser la commercialisation de ses organismes de placement collectif conformément à l'article 93 bis de la directive 2009/65/CE et à l'article 32bis de la directive 2011/61/UE.

Une information sur le droit deréclamation ou l’exercice d’un recours collectif est disponible en anglais eten français sur le site de BDL Capital Management : Informations réglementaires.

BDL Capital Management ne saurait être tenu responsable des pertes ou dommages directs, indirects, spéciaux ou consécutifs de quelque nature que ce soit, résultant de l'utilisation de ce site Internet.

Veuillez-vous référer aux Mentions légales pour connaître les conditions exhaustives associées à toute visite de ce site internet.

En cliquant sur le bouton ci-dessous « J’accepte », Je confirme que je suis un investisseur professionnel ou investisseurs privés en France et que j'ai lu et accepté toutes les conditions prévues dans cet avertissement ainsi que les Mentions légales.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an professionelle und semi-professionelle Anleger in Deutschland. Ein professioneller Kunde ist ein Kunde, der über dieErfahrung, das Wissen und die Fähigkeit verfügt, seine eigenenAnlageentscheidungen zu treffen und die damit verbundenen Risiken richtig einzuschätzen. Wir ermutigen Sie, sicherzustellen, dass Sie einprofessioneller Anleger sind.

Sie enthält Informationen über die vonBDL Capital Management verwalteten Fonds, die unter an professionelle und semi-professionelle Anleger Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften desLandes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. Die auf der Website angezeigten Informationen stellen weder ein Angebot noch eineAufforderung zur Anlage in Fonds von BDL Capital Management, noch eine persönliche Empfehlung dar.

Die auf dieser Website verfügbaren Informationen undUnterlagen werden ausgehend vom von Ihnen gewählten Anlegerprofil(Wohnsitzland, Einstufung des Anlegers und Sprache) angezeigt. Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht oder nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichenAnlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unter www.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008 Paris.Der Prospekt der SICAV BDLCM FUNDS ist nur in englischer Sprache erhältlich.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Deutschland. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S des Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu entsprechen.

BDL Capital Management kann beschließen, den Vertrieb ihrer Organismen für gemeinsame Anlagen gemäß Artikel 93a derRichtlinie 2009/65/EG und Artikel 32a der Richtlinie 2011/61/EU einzustellen.

BDL Capital Management Management haftet keinesfalls für direkte, indirekte, Sonder- oder Folgeschäden gleich welcher Art, die durch die Nutzung dieser Website entstehen.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein professionelle or ein semi-professionelle Anleger inDeutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie dasImpressum gelesen und akzeptiert habe.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an nicht professionelle Anleger und Privatanleger in Deutschland.

Sie enthält Informationen über die von BDLCapital Management verwalteten Fonds, die unter an nicht professionelleAnleger und Privatanleger in Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften des Landes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. Die auf der Website angezeigten Informationen stellen weder ein Angebot noch eineAufforderung zur Anlage in Fonds von BDL Capital Management, noch eine persönliche Empfehlung dar.

Die auf dieser Website verfügbaren Informationen undUnterlagen werden ausgehend vom von Ihnen gewählten Anlegerprofil(Wohnsitzland, Einstufung des Anlegers und Sprache) angezeigt. Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht oder nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichen Anlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unterwww.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008Paris. Der Prospekt der SICAV BDLCM FUNDS ist nur in englischer Sprache erhältlich.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Deutschland. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S des Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu ent sprechen.

BDL Capital Management kann beschließen, den Vertrieb ihrer Organismen für gemeinsame Anlagen gemäß Artikel 93a derRichtlinie 2009/65/EG und Artikel 32a der Richtlinie 2011/61/EU einzustellen.

Eine Information über das Recht aufBeschwerde oder die Ausübung einer Sammelklage ist in englischer und französischer Sprache auf der Website von BDL Capital Management verfügbar: Vorschriften.

BDL Capital Management Management haftet keinesfalls für direkte, indirekte, Sonder- oder Folgeschäden gleich welcher Art, die durch die Nutzung dieser Website entstehen.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein nicht professioneller Anleger oder ein Privatanleger in Deutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie das Impressum gelesen und akzeptiert habe.

This website is strictly restricted to professional investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwedenLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Sweden(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence.

Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationalityThis website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofincorporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDL Capital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, Frankrike. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwedenLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Sweden (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, Frankrike. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwitzerlandLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Switzerland(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwitzerlandLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Switzerland (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.comand from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Spain in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SpainLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Spain(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use fort he exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Spain in accordance with the transposition of MiFID II Directive (Directive 2014/65/UE)in the Spain Laws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Spain (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of informationprovided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.
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In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Italy in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the ItalyLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Italy(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com,at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Italy in accordance with the transposition of MiFID II Directive (Directive 2014/65/UE)in the Italy Laws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Italy (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the AustriaLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Austria(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofinrporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to a U.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the AustriaLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Austria (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13. The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: Informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

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