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15/03/2018

NOTICE REGARDING THE H2O ADAGIO FRENCH MUTUAL FUND

15/03/2018
NOTICE REGARDING THE H2O ADAGIO FRENCH MUTUAL FUND
We wish to inform holders of the following units in the H2O ADAGIO mutual fund:

* The unit class is not registered in The United Kingdom.

The management company of which is H2O Asset Management LLP

1- That the following units have been created:

* The unit class is not registered in The United Kingdom.
** Unit systematically hedged against EUR/GBP currency risk
*** Unit systematically hedged against EUR/CHF currency risk
**** Unit systematically hedged against EUR/USD currency risk
These new units have the following characteristics:
- Minimum subscription: one ten-thousandth of a unit
- Minimum subsequent subscription: one ten-thousandth of a unit
- Operating and management fees: up to 0.45% (including taxes) of the net assets
- Performance fee: 25%, including tax, of the outperformance of the index defined in the prospectus
- Subscription fee: 1%
- Redemption fee: None
- Units are subdivided into ten-thousandths of a unit
2- Decrease in the minimum subscriptions for N* units:
Within the framework of the MiFID Directive and in order to facilitate access to units without retrocession fees, the minimum initial subscription for N* units from now on will be as follows:
Minimum subscription
1/10,000th of a unit
The following units are affected by this change:

* The unit class is not registered in The United Kingdom.
3- Update to the “target subscribers” category for N* units within the framework of the MiFID Directive

This new definition is applicable to the following units:

* The unit class is not registered in The United Kingdom.
4- Change of marketing agent
From now on, the marketing agent will be Natixis Investment Managers, which replaces Natixis Asset Management.
The other features of the H2O ADAGIO mutual fund remain unchanged.
These changes will take effect on 15 March 2018.
Your Fund’s prospectus has been updated to include these changes. The other provisions of the prospectus remain unchanged.
The Key Investor Information Document (KIID) and the Prospectus for the H2O ADAGIO mutual fund are available:
– from the registered office of H2O AM LLP: 10 Old Burlington Street, London W1S 3AG, United Kingdom. They will be sent to you within eight business days of receipt of a written request.
- from the facilities agent Société Générale Securities Custody London, SG House, 41 Tower Hill, London EC3N 4SG, United Kingdom.
- and at the following website: www.h2o-am.com.