Harmonisation of Fortis L Fund and Parvest For professional investors

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1 Harmonisation of Fortis L Fund and Parvest For professional investors 1

2 HARMONISATION OF FORTIS L FUND AND PARVEST Following the merger of BNP Paribas Investment Partners and Fortis Investments on April 1, 2010 we will be harmonising our two flagship Luxembourg-based fund ranges, Parvest and Fortis L Fund. Together, the two ranges include some 242 sub-funds and around EUR 50 billion of assets under management (as at December 31, 2009), and they are registered for sale in more than 30 countries. Combined, the two ranges include one of the highest numbers of funds awarded four or five stars by Morningstar. THE CHANGES YOU WILL SEE During a first phase there will only be limited changes to the fund ranges. No sub-funds will disappear or merge and ISIN codes will not change. On August 1, 2010 the SICAV name of Fortis L Fund will change. At a later date (depending on the approval of the Luxembourg authorities) the following changes will be effective, which will be formalised in new versions of the prospectuses. You will be informed in due time on the effective date of this change. 1. Some name changes - Some sub-fund name changes for both Parvest and Fortis L Fund - Some share class name changes (as well as some limited share class mergers/removals) 2. Harmonisation of the Parvest s and Fortis L Fund s fee policies 1. NAME CHANGES SICAV NAME CHANGE Fortis L Fund will be renamed BNP Paribas L1 (BNPP L1 for short) on August 1, 2010 Parvest SICAV will not change name for the moment SUB-FUND NAME CHANGES Some of the sub-funds within BNPP L1 (ex Fortis L Fund) and Parvest will be renamed to ensure that the names we use are clear and consistent. Fund names will first refer to the asset class in which the fund invests, then the geographical region it covers, followed by, where appropriate, the particular sector or sub-asset class and investment style. There will be a number of exceptions to this: our Safe, Lifecycle, Model, OBAM and Parvest Target Return funds will not change name. Meanwhile, SRI will be replaced by Sustainable. Examples : Parvest Euro Equity Parvest Equity Euro Parvest Euro Medium Term Bond Parvest Bond Euro Medium Term FLF Bond Medium Term Euro BNPP L1 Bond Euro Medium Term FLF Equity Small Cap Europe BNPP L1 Equity Europe Small Cap FLF Sale Balanced W1 BNPP L1 Safe Balanced W1 For a complete list of new sub-fund names, please refer to Appendix 1. 2

3 SHARE CLASS NAME HARMONISATION There is no major change in the two most important share classes, being Classic and I (Institutional). The Institutional share in Parvest will simply be renamed I. A very limited number of share classes will change or be removed/merged. For a detailed explanation of the different share classes and its changes, please refer to Appendix HARMONISATION OF FEE POLICIES To ensure coherence between BNPP L1 and Parvest, we will be aligning their fee structures. SUBSCRIPTION, CONVERSION AND REDEMPTION FEES The maximum subscription, conversion and redemption fees mentioned in the prospectuses for Classic and I share classes will be as follows. The full list can be found in Appendix 3. BNP Paribas L1 PARVEST Subscription Conversion Redemption Classic 5% 2% 0% Classic I 5% 2% 0% I THE RANGE OF MANAGEMENT FEES FOR CLASSIC AND I SHARES IN BNP PARIBAS L1 AND PARVEST WILL BE AS FOLLOWS: Classic Institutional EQUITY % % BONDS % % CONVERTIBLES 1.20% 0.60% ASSET ALLOCATION % % ABSOLUTE RETURN % % SHORT TERM % 0.20% SUMMARY The following changes will become effective in the coming months (depending on the approval of the Luxembourg authorities): Sicav name change: - Fortis L Fund will become BNP Paribas L1 (BNPP L1 for short) (already effective on August 1) - Parvest will not change name Some sub-fund and share class name changes: the names of some sub-funds and share classes of BNPP L1 and Parvest will change to ensure that they are as clear as possible for our investors Fee alignment: We will align fee policies to ensure coherence between similar assets and share classes ISIN codes will not change APPENDIX 1: NEW SUB-FUNDS NAMES (PARVEST PAGE 4, FORTIS L FUND PAGE 6) APPENDIX 2: DIFFERENT SHARE CLASSES & NAME HARMONISATION (PAGE 10) APPENDIX 3: MAXIMUM SUBSCRIPTION, CONVERSION AND REDEMPTION FEES (PAGE 13) 3

4 APPENDIX 1: NEW SUB-FUNDS NAMES CURRENT SUB-FUND NAME PARVEST ASIA PARVEST AUSTRALIA PARVEST BRAZIL PARVEST BRIC PARVEST CHINA PARVEST CONVERGING EUROPE PARVEST EMERGING MARKETS PARVEST EMERGING MARKETS EUROPE PARVEST EURO EQUITIES PARVEST EURO SMALL CAP PARVEST EUROPE ALPHA PARVEST EUROPE DIVIDEND PARVEST EUROPE FINANCIALS PARVEST EUROPE GROWTH PARVEST EUROPE LS30 PARVEST EUROPE MID CAP PARVEST EUROPE SMALL CAP PARVEST EUROPE VALUE PARVEST France PARVEST GERMAN EQUITIES PARVEST GLOBAL BRANDS PARVEST GLOBAL EQUITIES PARVEST GLOBAL RESOURCES PARVEST INDIA PARVEST JAPAN PARVEST JAPAN SMALL CAP PARVEST LATIN AMERICA PARVEST RUSSIA PARVEST SOUTH KOREA PARVEST SWITZERLAND PARVEST TURKEY PARVEST UK PARVEST US MID CAP PARVEST US SMALL CAP PARVEST US VALUE PARVEST USA PARVEST USA LS30 PARVEST AGRICULTURE PARVEST AGRICULTURE (USD) PARVEST EUROPE REAL ESTATE SECURITIES NEW SUB-FUND NAME PARVEST EQUITY ASIA EX-JAPAN PARVEST EQUITY AUSTRALIA PARVEST EQUITY BRAZIL PARVEST EQUITY BRIC PARVEST EQUITY CHINA PARVEST EQUITY EUROPE CONVERGING PARVEST EQUITY WORLD EMERGING PARVEST EQUITY EUROPE EMERGING PARVEST EQUITY EURO PARVEST EQUITY EURO SMALL CAP PARVEST EQUITY EUROPE ALPHA PARVEST EQUITY HIGH DIVIDEND EUROPE PARVEST EQUITY EUROPE FINANCE PARVEST EQUITY EUROPE GROWTH PARVEST EQUITY EUROPE LS30 PARVEST EQUITY EUROPE MID CAP PARVEST EQUITY EUROPE SMALL CAP PARVEST EQUITY EUROPE VALUE PARVEST EQUITY FRANCE PARVEST EQUITY GERMANY PARVEST EQUITY GLOBAL BRANDS PARVEST EQUITY WORLD PARVEST EQUITY WORLD RESOURCES PARVEST EQUITY INDIA PARVEST EQUITY JAPAN PARVEST EQUITY JAPAN SMALL CAP PARVEST EQUITY LATIN AMERICA PARVEST EQUITY RUSSIA PARVEST EQUITY SOUTH KOREA PARVEST EQUITY SWITZERLAND PARVEST EQUITY TURKEY PARVEST EQUITY UK PARVEST EQUITY USA MID CAP PARVEST EQUITY USA SMALL CAP PARVEST EQUITY USA VALUE PARVEST EQUITY USA PARVEST EQUITY USA LS30 PARVEST WORLD AGRICULTURE PARVEST WORLD AGRICULTURE (USD) PARVEST REAL ESTATE SECURITIES EUROPE 4

5 CURRENT SUB-FUND NAME NEW SUB-FUND NAME PARVEST ASIAN CONVERTIBLE BOND PARVEST CONVERTIBLE BOND ASIA PARVEST EUROPEAN CONVERTIBLE BOND PARVEST CONVERTIBLE BOND EUROPE PARVEST EUROPEAN SMALL CONVERTIBLE BOND PARVEST CONVERTIBLE BOND EUROPE SMALL CAP PARVEST ABS PARVEST BOND WORLD ABS PARVEST CREDIT STRATEGIES PARVEST BOND WORLD CREDIT STRATEGIES PARVEST EMERGING MARKETS BOND PARVEST BOND WORLD EMERGING PARVEST ENHANCED EONIA PARVEST ENHANCED CASH 18 MONTHS PARVEST ENHANCED EONIA 1 YEAR PARVEST ENHANCED CASH 1 YEAR PARVEST ENHANCED EONIA 6 MONTHS PARVEST ENHANCED CASH 6 MONTHS PARVEST EURO BOND PARVEST BOND EURO PARVEST EURO CORPORATE BOND PARVEST BOND EURO CORPORATE PARVEST EURO GOVERNMENT BOND PARVEST BOND EURO GOVERNMENT PARVEST EURO INFLATION-LINKED BOND PARVEST BOND EURO INFLATION-LINKED PARVEST EURO LONG TERM BOND PARVEST BOND EURO LONG TERM PARVEST EURO MEDIUM TERM BOND PARVEST BOND EURO MEDIUM TERM PARVEST EURO PREMIUM PARVEST BOND EURO PREMIUM PARVEST EURO SHORT TERM BOND PARVEST BOND EURO SHORT TERM PARVEST EUROPEAN BOND PARVEST BOND EUROPE PARVEST EUROPEAN HIGH YIELD BOND PARVEST BOND EUROPE HIGH YIELD PARVEST GLOBAL BOND PARVEST BOND WORLD PARVEST GLOBAL CORPORATE BOND PARVEST BOND WORLD CORPORATE PARVEST GLOBAL HIGH YIELD BOND PARVEST BOND WORLD HIGH YIELD PARVEST GLOBAL INFLATION-LINKED BOND PARVEST BOND WORLD INFLATION-LINKED PARVEST JAPAN YEN BOND PARVEST BOND JPY PARVEST US DOLLAR BOND PARVEST BOND USD PARVEST US HIGH YIELD BOND PARVEST BOND USA HIGH YIELD PARVEST CORPORATE BOND OPPORTUNITIES PARVEST FLEXIBLE BOND EUROPE CORPORATE PARVEST EUROPE FLEXIBLE EQUITIES PARVEST FLEXIBLE EQUITY EUROPE PARVEST DIVERSIFIED (PRUDENT) PARVEST DIVERSIFIED CONSERVATIVE PARVEST DIVERSIFIED (DYNAMIC) PARVEST DIVERSIFIED DYNAMIC PARVEST TARGET RETURN PLUS (EURO) PARVEST TARGET RETURN PLUS (EURO) PARVEST TARGET RETURN PLUS (USD) PARVEST TARGET RETURN PLUS (USD) PARVEST ABSOLUTE RETURN CURRENCY 10 PARVEST ABSOLUTE RETURN WORLD CURRENCY 10 PARVEST ABSOLUTE RETURN EUROPE LS PARVEST PARVEST PARVEST ABSOLUTE RETURN EUROPEAN BOND PARVEST ABSOLUTE RETURN EUROPE BOND PARVEST ABSOLUTE RETURN GLOBAL BOND (USD) PARVEST ABSOLUTE RETURN WORLD BOND (USD) PARVEST ABSOLUTE RETURN MULTI ASSETS 4 PARVEST MULTI ASSETS 4 PARVEST ABSOLUTE RETURN MULTI ASSETS 4 (USD) PARVEST MULTI ASSETS 4 (USD) PARVEST SHORT TERM (CHF) PARVEST SHORT TERM CHF PARVEST SHORT TERM (DOLLAR) PARVEST SHORT TERM USD PARVEST SHORT TERM (EURO) PARVEST SHORT TERM EURO PARVEST SHORT TERM (STERLING) PARVEST SHORT TERM GBP 5

6 CURRENT SUB-FUND NAME PARVEST EONIA PREMIUM PARVEST STEP 90 EURO PARVEST EUROPE SUSTAINABLE DEVELOPMENT PARVEST EURO CORPORATE BOND SUSTAINABLE DEVELOPMENT PARVEST ENVIRONMENTAL OPPORTUNITIES PARVEST GLOBAL ENVIRONMENT PARVEST GLOBAL TECHNOLOGY PARVEST NEXT GENERATION FORTIS L FUND EQUITY ASIA EMERGING FORTIS L FUND EQUITY ASIA EX-JAPAN FORTIS L FUND EQUITY BEST SELECTION ASIA EX-JAPAN FORTIS L FUND EQUITY BEST SELECTION EURO FORTIS L FUND EQUITY BEST SELECTION EUROPE FORTIS L FUND EQUITY BEST SELECTION EUROPE EX-UK FORTIS L FUND EQUITY BEST SELECTION JAPAN FORTIS L FUND EQUITY BEST SELECTION USA FORTIS L FUND EQUITY BEST SELECTION WORLD FORTIS L FUND EQUITY BIOTECHNOLOGY WORLD FORTIS L FUND EQUITY BRAZIL FORTIS L FUND EQUITY CHINA FORTIS L FUND EQUITY CONSUMER DURABLES EUROPE FORTIS L FUND EQUITY CONSUMER DURABLES WORLD FORTIS L FUND EQUITY CONSUMER GOODS EUROPE FORTIS L FUND EQUITY CONSUMER GOODS WORLD FORTIS L FUND EQUITY ENERGY EUROPE FORTIS L FUND EQUITY ENERGY WORLD FORTIS L FUND EQUITY EURO FORTIS L FUND EQUITY EUROPE FORTIS L FUND EQUITY EUROPE EMERGING FORTIS L FUND EQUITY FINANCE EUROPE FORTIS L FUND EQUITY FINANCE WORLD FORTIS L FUND EQUITY GERMANY FORTIS L FUND EQUITY GRADUAL ACCUMULATION WORLD FORTIS L FUND EQUITY GROWTH EUROPE FORTIS L FUND EQUITY GROWTH USA FORTIS L FUND EQUITY HEALTH CARE EUROPE FORTIS L FUND EQUITY HEALTH CARE WORLD FORTIS L FUND EQUITY HIGH DIVIDEND EUROPE FORTIS L FUND EQUITY HIGH DIVIDEND USA FORTIS L FUND EQUITY HIGH DIVIDEND WORLD FORTIS L FUND EQUITY HIGH DIVIDEND PACIFIC FORTIS L FUND EQUITY INDIA NEW SUB-FUND NAME PARVEST SHORT TERM EURO PREMIUM PARVEST STEP 90 EURO PARVEST SUSTAINABLE EQUITY EUROPE PARVEST SUSTAINABLE BOND EURO CORPORATE PARVEST ENVIRONMENTAL OPPORTUNITIES PARVEST GLOBAL ENVIRONMENT PARVEST EQUITY WORLD TECHNOLOGY INNOVATORS PARVEST EQUITY WORLD NEXT GENERATION BNP PARIBAS L1 EQUITY ASIA EMERGING BNP PARIBAS L1 EQUITY ASIA EX-JAPAN BNP PARIBAS L1 EQUITY BEST SELECTION ASIA EX-JAPAN BNP PARIBAS L1 EQUITY BEST SELECTION EURO BNP PARIBAS L1 EQUITY BEST SELECTION EUROPE BNP PARIBAS L1 EQUITY BEST SELECTION EUROPE EX-UK BNP PARIBAS L1 EQUITY BEST SELECTION JAPAN BNP PARIBAS L1 EQUITY BEST SELECTION USA BNP PARIBAS L1 EQUITY BEST SELECTION WORLD BNP PARIBAS L1 EQUITY WORLD BIOTECHNOLOGY BNP PARIBAS L1 EQUITY BRAZIL BNP PARIBAS L1 EQUITY CHINA BNP PARIBAS L1 EQUITY EUROPE CONSUMER DURABLES BNP PARIBAS L1 EQUITY WORLD CONSUMER DURABLES BNP PARIBAS L1 EQUITY EUROPE CONSUMER GOODS BNP PARIBAS L1 EQUITY WORLD CONSUMER GOODS BNP PARIBAS L1 EQUITY EUROPE ENERGY BNP PARIBAS L1 EQUITY WORLD ENERGY BNP PARIBAS L1 EQUITY EURO BNP PARIBAS L1 EQUITY EUROPE BNP PARIBAS L1 EQUITY EUROPE EMERGING BNP PARIBAS L1 EQUITY EUROPE FINANCE BNP PARIBAS L1 EQUITY WORLD FINANCE BNP PARIBAS L1 EQUITY GERMANY BNP PARIBAS L1 EQUITY WORLD GRADUAL ACCUMULATION BNP PARIBAS L1 EQUITY EUROPE GROWTH BNP PARIBAS L1 EQUITY USA GROWTH BNP PARIBAS L1 EQUITY EUROPE HEALTH CARE BNP PARIBAS L1 EQUITY WORLD HEALTH CARE BNP PARIBAS L1 EQUITY HIGH DIVIDEND EUROPE BNP PARIBAS L1 EQUITY HIGH DIVIDEND USA BNP PARIBAS L1 EQUITY HIGH DIVIDEND WORLD BNP PARIBAS L1 EQUITY HIGH DIVIDEND PACIFIC BNP PARIBAS L1 EQUITY INDIA 6

7 CURRENT SUB-FUND NAME FORTIS L FUND EQUITY INDONESIA FORTIS L FUND EQUITY INDUSTRIALS EUROPE FORTIS L FUND EQUITY INDUSTRIALS WORLD FORTIS L FUND EQUITY JAPAN FORTIS L FUND EQUITY LATIN AMERICA FORTIS L FUND EQUITY MATERIALS EUROPE FORTIS L FUND EQUITY MATERIALS WORLD FORTIS L FUND EQUITY NETHERLANDS FORTIS L FUND EQUITY PACIFIC EX-JAPAN FORTIS L FUND EQUITY RUSSIA FORTIS L FUND EQUITY SMALL CAPS EUROPE FORTIS L FUND EQUITY SMALL CAPS JAPAN FORTIS L FUND EQUITY TECHNOLOGY EUROPE FORTIS L FUND EQUITY TECHNOLOGY WORLD FORTIS L FUND EQUITY TELECOM EUROPE FORTIS L FUND EQUITY TELECOM WORLD FORTIS L FUND EQUITY TURKEY FORTIS L FUND EQUITY USA FORTIS L FUND EQUITY SMALL CAPS USA FORTIS L FUND EQUITY UTILITIES EUROPE FORTIS L FUND EQUITY UTILITIES WORLD FORTIS L FUND EQUITY WORLD FORTIS L FUND EQUITY WORLD EMERGING FORTIS L FUND REAL ESTATE SECURITIES EUROPE FORTIS L FUND REAL ESTATE SECURITIES PACIFIC FORTIS L FUND REAL ESTATE SECURITIES WORLD FORTIS L FUND BOND ASIA EX-JAPAN FORTIS L FUND BOND BEST SELECTION WORLD EMERGING FORTIS L FUND BOND CORPORATE EURO FORTIS L FUND BOND CORPORATE HIGH YIELD EURO FORTIS L FUND BOND CORPORATE HIGH YIELD USD FORTIS L FUND BOND CURRENCIES HIGH YIELD FORTIS L FUND BOND EURO FORTIS L FUND BOND EUROPE EMERGING FORTIS L FUND BOND EUROPE OPPORTUNITIES FORTIS L FUND BOND EUROPE PLUS FORTIS L FUND BOND GOVERNMENT EURO FORTIS L FUND BOND HIGH YIELD WORLD FORTIS L FUND BOND INFLATION-LINKED EURO FORTIS L FUND BOND LONG EURO FORTIS L FUND BOND MEDIUM TERM EURO FORTIS L FUND BOND USD NEW SUB-FUND NAME BNP PARIBAS L1 EQUITY INDONESIA BNP PARIBAS L1 EQUITY EUROPE INDUSTRIALS BNP PARIBAS L1 EQUITY WORLD INDUSTRIALS BNP PARIBAS L1 EQUITY JAPAN BNP PARIBAS L1 EQUITY LATIN AMERICA BNP PARIBAS L1 EQUITY EUROPE MATERIALS BNP PARIBAS L1 EQUITY WORLD MATERIALS BNP PARIBAS L1 EQUITY NETHERLANDS BNP PARIBAS L1 EQUITY PACIFIC EX-JAPAN BNP PARIBAS L1 EQUITY RUSSIA BNP PARIBAS L1 EQUITY EUROPE SMALL CAP BNP PARIBAS L1 EQUITY JAPAN SMALL CAP BNP PARIBAS L1 EQUITY EUROPE TECHNOLOGY BNP PARIBAS L1 EQUITY WORLD TECHNOLOGY BNP PARIBAS L1 EQUITY EUROPE TELECOM BNP PARIBAS L1 EQUITY WORLD TELECOM BNP PARIBAS L1 EQUITY TURKEY BNP PARIBAS L1 EQUITY USA BNP PARIBAS L1 EQUITY USA SMALL CAP BNP PARIBAS L1 EQUITY EUROPE UTILITIES BNP PARIBAS L1 EQUITY WORLD UTILITIES BNP PARIBAS L1 EQUITY WORLD BNP PARIBAS L1 EQUITY WORLD EMERGING BNP PARIBAS L1 REAL ESTATE SECURITIES EUROPE BNP PARIBAS L1 REAL ESTATE SECURITIES PACIFIC BNP PARIBAS L1 REAL ESTATE SECURITIES WORLD BNP PARIBAS L1 BOND ASIA EX-JAPAN BNP PARIBAS L1 BOND BEST SELECTION WORLD EMERGING BNP PARIBAS L1 BOND EURO CORPORATE BNP PARIBAS L1 BOND EURO HIGH YIELD BNP PARIBAS L1 BOND USD HIGH YIELD BNP PARIBAS L1 BOND CURRENCIES WORLD BNP PARIBAS L1 BOND EURO BNP PARIBAS L1 BOND EUROPE EMERGING BNP PARIBAS L1 BOND EUROPE OPPORTUNITIES BNP PARIBAS L1 BOND EUROPE PLUS BNP PARIBAS L1 BOND EURO GOVERNMENT BNP PARIBAS L1 BOND WORLD HIGH YIELD BNP PARIBAS L1 BOND EURO INFLATION-LINKED BNP PARIBAS L1 BOND EURO LONG TERM BNP PARIBAS L1 BOND EURO MEDIUM TERM BNP PARIBAS L1 BOND USD 7

8 CURRENT SUB-FUND NAME NEW SUB-FUND NAME FORTIS L FUND BOND WORLD BNP PARIBAS L1 BOND WORLD FORTIS L FUND BOND WORLD 2001 BNP PARIBAS L1 BOND WORLD 2001 FORTIS L FUND BOND WORLD EMERGING BNP PARIBAS L1 BOND WORLD EMERGING FORTIS L FUND BOND WORLD EMERGING LOCAL BNP PARIBAS L1 BOND WORLD EMERGING LOCAL FORTIS L FUND BOND BEST SELECTION CONVERTIBLE EUROPE BNP PARIBAS L1 CONVERTIBLE BOND BEST SELECTION EUROPE FORTIS L FUND BOND CONVERTIBLE ASIA BNP PARIBAS L1 CONVERTIBLE BOND ASIA FORTIS L FUND BOND CONVERTIBLE EUROPE BNP PARIBAS L1 CONVERTIBLE BOND EUROPE FORTIS L FUND BOND CONVERTIBLE WORLD BNP PARIBAS L1 CONVERTIBLE BOND WORLD FORTIS L FUND SHORT TERM USD BNP PARIBAS L1 SHORT TERM USD FORTIS L FUND SHORT TERM EURO BNP PARIBAS L1 SHORT TERM EURO FORTIS L FUND SAFE BALANCED W1 BNP PARIBAS L1 SAFE BALANCED W1 FORTIS L FUND SAFE BALANCED W10 BNP PARIBAS L1 SAFE BALANCED W10 FORTIS L FUND SAFE BALANCED W4 BNP PARIBAS L1 SAFE BALANCED W4 FORTIS L FUND SAFE BALANCED W7 BNP PARIBAS L1 SAFE BALANCED W7 FORTIS L FUND SAFE CONSERVATIVE W1 BNP PARIBAS L1 SAFE CONSERVATIVE W1 FORTIS L FUND SAFE CONSERVATIVE W10 BNP PARIBAS L1 SAFE CONSERVATIVE W10 FORTIS L FUND SAFE CONSERVATIVE W4 BNP PARIBAS L1 SAFE CONSERVATIVE W4 FORTIS L FUND SAFE CONSERVATIVE W7 BNP PARIBAS L1 SAFE CONSERVATIVE W7 FORTIS L FUND SAFE GROWTH W1 BNP PARIBAS L1 SAFE GROWTH W1 FORTIS L FUND SAFE GROWTH W10 BNP PARIBAS L1 SAFE GROWTH W10 FORTIS L FUND SAFE GROWTH W4 BNP PARIBAS L1 SAFE GROWTH W4 FORTIS L FUND SAFE GROWTH W7 BNP PARIBAS L1 SAFE GROWTH W7 FORTIS L FUND SAFE HIGH GROWTH W1 BNP PARIBAS L1 SAFE HIGH GROWTH W1 FORTIS L FUND SAFE HIGH GROWTH W10 BNP PARIBAS L1 SAFE HIGH GROWTH W10 FORTIS L FUND SAFE HIGH GROWTH W4 BNP PARIBAS L1 SAFE HIGH GROWTH W4 FORTIS L FUND SAFE HIGH GROWTH W7 BNP PARIBAS L1 SAFE HIGH GROWTH W7 FORTIS L FUND SAFE STABILITY W1 BNP PARIBAS L1 SAFE STABILITY W1 FORTIS L FUND SAFE STABILITY W10 BNP PARIBAS L1 SAFE STABILITY W10 FORTIS L FUND SAFE STABILITY W4 BNP PARIBAS L1 SAFE STABILITY W4 FORTIS L FUND SAFE STABILITY W7 BNP PARIBAS L1 SAFE STABILITY W7 FORTIS L FUND ABSOLUTE RETURN BALANCED BNP PARIBAS L1 ABSOLUTE RETURN BALANCED FORTIS L FUND ABSOLUTE RETURN GROWTH BNP PARIBAS L1 ABSOLUTE RETURN GROWTH FORTIS L FUND ABSOLUTE RETURN STABILITY BNP PARIBAS L1 ABSOLUTE RETURN STABILITY FORTIS L FUND V150 BNP PARIBAS L1 V150 FORTIS L FUND V350 BNP PARIBAS L1 V350 FORTIS L FUND CURRENCY WORLD BNP PARIBAS L1 WORLD CURRENCY FORTIS L FUND COMMODITY WORLD BNP PARIBAS L1 WORLD COMMODITIES FORTIS L FUND OPPORTUNITIES USA BNP PARIBAS L1 OPPORTUNITIES USA FORTIS L FUND STRATEGY ACTIVE CLICK BALANCED BNP PARIBAS L1 DIVERSIFIED ACTIVE CLICK BALANCED FORTIS L FUND STRATEGY ACTIVE CLICK STABILITY BNP PARIBAS L1 DIVERSIFIED ACTIVE CLICK STABILITY FORTIS L FUND STRATEGY BALANCED WORLD BNP PARIBAS L1 DIVERSIFIED WORLD BALANCED FORTIS L FUND STRATEGY CONSERVATIVE WORLD BNP PARIBAS L1 DIVERSIFIED WORLD CONSERVATIVE 8

9 CURRENT SUB-FUND NAME NEW SUB-FUND NAME FORTIS L FUND STRATEGY GROWTH WORLD BNP PARIBAS L1 DIVERSIFIED WORLD GROWTH FORTIS L FUND STRATEGY HIGH GROWTH WORLD BNP PARIBAS L1 DIVERSIFIED WORLD HIGH GROWTH FORTIS L FUND STRATEGY STABILITY WORLD BNP PARIBAS L1 DIVERSIFIED WORLD STABILITY FORTIS L FUND GLOBAL ASSET OPPORTUNITIES BNP PARIBAS L1 GLOBAL ASSET OPPORTUNITIES FORTIS L FUND VOLATILITY WORLD BNP PARIBAS L1 WORLD VOLATILITY CREATION BNP PARIBAS L1 DYNAMIC WORLD FORTIS L FUND BOND SRI EURO BNP PARIBAS L1 SUSTAINABLE BOND EURO FORTIS L FUND EQUITY SRI EUROPE BNP PARIBAS L1 SUSTAINABLE EQUITY EUROPE FORTIS L FUND STRATEGY STABILITY SRI EUROPE BNP PARIBAS L1 SUSTAINABLE DIVERSIFIED EUROPE STABILITY FORTIS L FUND STRATEGY BALANCED SRI EUROPE BNP PARIBAS L1 SUSTAINABLE DIVERSIFIED EUROPE BALANCED FORTIS L FUND STRATEGY GROWTH SRI EUROPE BNP PARIBAS L1 SUSTAINABLE DIVERSIFIED EUROPE GROWTH FORTIS L FUND EQUITY SRI WORLD BNP PARIBAS L1 SUSTAINABLE EQUITY WORLD FORTIS L FUND GREEN TIGERS BNP PARIBAS L1 GREEN TIGERS FORTIS L FUND GREEN FUTURE BNP PARIBAS L1 GREEN FUTURE FORTIS L FUND LIFECYCLE 2015 BNP PARIBAS L1 LIFECYCLE 2015 FORTIS L FUND LIFECYCLE 2018 BNP PARIBAS L1 LIFECYCLE 2018 FORTIS L FUND LIFECYCLE 2020 BNP PARIBAS L1 LIFECYCLE 2020 FORTIS L FUND LIFECYCLE 2022 BNP PARIBAS L1 LIFECYCLE 2022 FORTIS L FUND LIFECYCLE 2025 BNP PARIBAS L1 LIFECYCLE 2025 FORTIS L FUND LIFECYCLE 2028 BNP PARIBAS L1 LIFECYCLE 2028 FORTIS L FUND LIFECYCLE 2030 BNP PARIBAS L1 LIFECYCLE 2030 FORTIS L FUND LIFECYCLE 2032 BNP PARIBAS L1 LIFECYCLE 2032 FORTIS L FUND LIFECYCLE 2035 BNP PARIBAS L1 LIFECYCLE 2035 FORTIS L FUND LIFECYCLE 2038 BNP PARIBAS L1 LIFECYCLE 2038 FORTIS L FUND LIFECYCLE 2040 BNP PARIBAS L1 LIFECYCLE 2040 FORTIS L FUND MODEL 1 BNP PARIBAS L1 MODEL 1 FORTIS L FUND MODEL 2 BNP PARIBAS L1 MODEL 2 FORTIS L FUND MODEL 3 BNP PARIBAS L1 MODEL 3 FORTIS L FUND MODEL 4 BNP PARIBAS L1 MODEL 4 FORTIS L FUND MODEL 5 BNP PARIBAS L1 MODEL 5 FORTIS L FUND MODEL 6 BNP PARIBAS L1 MODEL 6 FORTIS L FUND OPPORTUNITIES WORLD BNP PARIBAS L1 OPPORTUNITIES WORLD FORTIS L FUND OPPORTUNITIES EURO PLUS BNP PARIBAS L1 OPPORTUNITIES EURO PLUS FORTIS L FUND OPPORTUNITIES EUROPE BNP PARIBAS L1 OPPORTUNITIES EUROPE FORTIS L FUND OBAM EQUITY WORLD BNP PARIBAS L1 OBAM EQUITY WORLD FORTIS L FUND ACTIVE CLICK EURO BNP PARIBAS L1 ACTIVE CLICK EURO 9

10 APPENDIX 2: THE DIFFERENT SHARE CLASSES AND THE NAME HARMONISATION SHARE CLASS NAME HARMONISATION FORTIS L FUND BNP PARIBAS L1 PARVEST PARVEST Current name New name Current name New name Classic Classic Classic Classic Classic New Distri Classic New Distri No equivalent in Parvest Classic-Distribution Classic Distribution PM/RV<1/1/94 PM/RV<1/1/94 No equivalent in Parvest Classic MD No equivalent in Parvest Classic-QD Classic QD No equivalent in Parvest Classic Overlay To remove No equivalent in Parvest Classic H Classic H Classic Hedged Classic H M Fintro No equivalent in Parvest UK UK No equivalent in Parvest UKH UKH No equivalent in Parvest T To merge in the Classic share No equivalent in Parvest I I Institutions I IH IH Institutions Hedged IH I Overlay To remove No equivalent in Parvest ASR ASR No equivalent in Parvest L Life No equivalent in Parvest Privilege Privilège Privilege Privilege H Privilège Hedged Privilege H P N L N FIM X M X THE SHARE CLASSES IN PARVEST Classic H EUR : This category of shares is only available in the case of sub-funds denominated in USD or JPY. For these sub-funds, the "Classic Hedged EUR" category differs from the Classic category in that it hedges the currency risk of the reference currency (i.e., USD or JPY) against the EUR. Available to individuals and corporate entities. Classic H USD : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Classic Hedged USD" category differs from the Classic category in that it hedges the currency risk of the reference currency (i.e., EUR) against the USD. Available to individuals and corporate entities. Classic H JPY : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Classic Hedged JPY" category differs from the Classic category in that it hedges the currency risk of the reference currency (i.e., EUR) against the JPY. Available to individuals and corporate entities. IH EUR : This category of shares is only available in the case of sub-funds denominated in USD or JPY. For these sub-funds, the "Institutions Hedged EUR" category differs from the Institutions category in that it hedges the currency risk of the reference currency (i.e., USD or JPY) against the EUR. Available to institutional clients and UCIs. IH USD : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Institutions Hedged USD" category differs from the Institutions category in that it hedges the currency risk of the reference currency (i.e., EUR) against the USD. Available to institutional clients and UCIs. 10

11 IH JPY : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Institutions Hedged JPY" category differs from the Institutions category in that it hedges the currency risk of the reference currency (i.e., EUR) against the JPY. Available to institutional clients and UCIs. Privilege : This category differs from the Classic category in that a specific management fee is charged and a minimum subscription amount is applied. Available to individuals and corporate entities. Privilege H EUR : This category of shares is only available in the case of sub-funds denominated in USD or JPY. For these sub-funds, the "Privilege Hedged EUR" category differs from the Privilege category in that it hedges the currency risk of the reference currency (i.e., USD or JPY) against the EUR. Available to individuals and corporate entities. Privilege H USD : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Privilege Hedged USD" category differs from the Privilege category in that it hedges the currency risk of the reference currency (i.e., EUR) against the USD. Available to individuals and corporate entities. Privilege H JPY : This category of shares is only available in the case of sub-funds denominated in EUR. For these sub-funds, the "Privilege Hedged JPY" category differs from the Privilege category in that it hedges the currency risk of the reference currency (i.e., EUR) against the JPY. Available to individuals and corporate entities. N : This category differs from the Classic category in its fee structure. Available to individuals and corporate entities. X : All subscribers to category X shares must be specifically approved by the SICAV. Available to managers, institutional clients and UCIs. THE SHARE CLASSES IN BNPP L1 Classic: These shares are offered to individuals and legal entities. Unless otherwise specified in Part II, they may, at the investor s choice, be in registered or bearer form, and feature capitalisation ( Classic-Capitalisation or C ) or distribution ( Classic-Distribution or D ) of income. Once the Classic-New Distri sub-class is created within a particular subfund, the Classic-Distribution sub-class in that subfund is closed. The Board of Directors may decide to create the following different sub-classes: Classic-New Distri designed to receive the assets corresponding to the distribution shares issued by the subfunds set up after 1994 and absorbed by the Company as well as the new subscriptions. In Belgium, the dividends distributed in this subclass are subject to the withholding of a withholding tax (précompte mobilier) of 15%. Classic-Distribution PM/RV<1/1/94 designed to receive the assets corresponding to the distribution shares issued by the subfunds set up before 1994 and absorbed by the Company. In Belgium, the dividends distributed in this sub-class are subject to the withholding of a withholding tax (précompte mobilier) of 25%. This sub-class is not open to subscriptions. Classic-QD distributing the interim dividends on the 20th of the month following the end of each calendar quarter (or, if this is a bank holiday in Luxembourg, the next banking day thereafter) provided that this class has been active throughout the quarter in this subfund. The valuation currencies are the subfund's reference currency, the EUR and the USD. Fintro: This class is distributed exclusively in Belgium by the "FINTRO" network. Within this class, subfunds in the Safe range are sold in Belgium by the FINTRO network under the name MAESTRO followed by the name of the subfund. The characteristics of this class are identical to those of the Classic class. The valuation currencies are the EUR and the USD. UK: These shares are reserved exclusively for United Kingdom investors. They are in registered or uncertificated bearer form at the investor s choice, and distribution-only. This class is distinguished from the Classic class by its distribution policy in accordance with the status of distribution subfund as defined by UK tax law governing foreign funds. The reference currency of this class is the GBP. I: These shares are reserved for institutional investors. This class is distinguished from the Classic class by its commission structure and reduced taxe d abonnement. The special conditions applicable to this class are summarised for each subfund in Part II. Shares are exclusively capitalisation shares issued in registered form. The valuation currencies are the subfund's reference currency, the EUR and the USD. 11

12 ASR: These shares are reserved for the ASR FONDS Luxembourg SICAV and the Dutch insurance company, ASR NEDERLAND N.V. acting as institutional investors. This class is distinguished from the Classic class by its commission structure and a reduced taxe d abonnement. The specific conditions applicable to this class are summarised for each subfund in Part II. The shares are exclusively capitalisation shares issued in registered form. If it transpires that shares in this class are held by persons other than those authorised, the Board of Directors will convert them, at no charge, into Classic class shares. The valuation currencies are the subfund's reference currency, the EUR and the USD. N: These shares are offered to individuals and legal entities. At the investor s choice, the shares may be in registered or bearer form (bearer shares are uncertificated), but they are capitalisation only. This class is distinguished from the Classic class by its commission structure: a maximum 2% issue commission; a maximum 1% redemption commission; a distribution commission in addition to the management fee. The valuation currencies are the subfund s reference currency, the EUR and the USD. X: Reserved to Managers, institutional client or UCIs, prealably approved by the Board of Directors. Shares are exclusively capitalisation shares issued in registered form. It is differentiated from the "I" class in the same subfund by the absence of rights of entry and withdrawal, as well as of management fee. In certain sub-funds, the sub-classes Classic H, IH, Privilege H and UKH may be created. These categories are distinguished by hedging, to the extent possible, of forex risk, in the category s reference currency, at the book value in the currency in which the part is denominated. Forex risk is therefore partially maintained because the aforementioned hedging does not take into account the currency of the underlying investments of the given sub-fund. The reference currency of these sub-classes appears in the name of the sub-class (e.g. Classic H USD for a sub-class that hedges in USD the net asset value of a sub-fund in EUR). The evaluation currency in these categories is the reference currency of the sub-class. Without indications from the investor otherwise, the orders received will be handled in the reference currency. The characteristics of these categories are identical to those in sub-classes Classic, I, Privilege and UK existing in the same sub-fund. 12

13 APPENDIX 3: MAXIMUM SUBSCRIPTION, CONVERSION AND REDEMPTION FEES BNP PARIBAS L1 PARVEST Subscription Conversion Redemption Classic 5% 2% 0% Classic Classic New Distri 5% 2% 0% Classic Distribution PM/RV<1/1/94 5% 2% 0% Classic MD 5% 2% 0% Classic QD 5% 2% 0% Classic Overlay To remove Classic H 5% 2% 0% Classic H Fintro 5% 2% 0% UK 5% 2% 0% UKH 5% 2% 0% T To merge in the Classic share I 5% 2% 0% I IH 5% 2% 0% IH I Overlay To remove ASR 0% 2% 0% Life 0% 2% 0% Privilege 5% 2% 0% Privilege Privilege H 5% 2% 0% Privilege H N 0% 2% 5% N X 5% 2% 0% X 13

14 DISCLAIMER This material is issued and has been prepared by BNP Paribas Asset Management S.A.S. (BNPP AM)* a member of BNP Paribas Investment Partners (BNPP IP)**. This material is produced for information purposes only and does not constitute: 1. an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or 2. any investment advice. This material makes reference to certain financial instruments (the Financial Instrument(s) ) authorised and regulated in its/their jurisdiction(s) of incorporation. No action has been taken which would permit the public offering of the Financial Instrument(s) in any other jurisdiction, except as indicated in the most recent prospectus, offering document or any other information material, as applicable, of the relevant Financial Instrument(s) where such action would be required, in particular, in the United States, to US persons (as such term is defined in Regulation S of the United States Securities Act of 1933). Prior to any subscription in a country in which such Financial Instrument(s) is/are registered, investors should verify any legal constraints or restrictions there may be in connection with the subscription, purchase, possession or sale of the Financial Instrument(s). Investors considering subscribing for the Financial Instrument(s) should read carefully the most recent prospectus, offering document or other information material and consult the Financial Instrument(s) most recent financial reports. The prospectus, offering document or other information of the Financial Instrument(s) are available from your local BNPP IP correspondents, if any, or from the entities marketing the Financial Instrument(s). Opinions included in this material constitute the judgment of BNPP AM at the time specified and may be subject to change without notice. BNPP AM is not obliged to update or alter the information or opinions contained within this material. Investors should consult their own legal and tax advisors in respect of legal, accounting, domicile and tax advice prior to investing in the Financial Instrument(s) in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Please note that different types of investments, if contained within this material, involve varying degrees of risk and there can be no assurance that any specific investment may either be suitable, appropriate or profitable for a client or prospective client s investment portfolio. Given the economic and market risks, there can be no assurance that the Financial Instrument(s) will achieve its/their investment objectives. Returns may be affected by, amongst other things, investment strategies or objectives of the Financial Instrument(s) and material market and economic conditions, including interest rates, market terms and general market conditions. The different strategies applied to the Financial Instruments may have a significant effect on the results portrayed in this material. Past performance is not a guide to future performance and the value of the investments in Financial Instrument(s) may go down as well as up. Investors may not get back the amount they originally invested. The performance data, as applicable, reflected in this material, do not take into account the commissions, costs incurred on the issue and redemption and taxes. *BNPP AM is an investment manager registered with the Autorité des marchés financiers in France under number 96-02, a simplified joint stock company with a capital of 64,931,168 euros with its registered office at 1, boulevard Haussmann Paris, France, RCS Paris ** BNP Paribas Investment Partners is the global brand name of the BNP Paribas group s asset management services. The individual asset management entities within BNP Paribas Investment Partners if specified herein, are specified for information only and do not necessarily carry on business in your jurisdiction. For further information, please contact your locally licensed Investment Partner. 14