We are pleased to count you as a unitholder in the AMUNDI INDEX EQUITY GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP.

LETTER TO UNITHOLDERS GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA Nature of the operation Merger Date of the operation 8 December 2016 We draw your attention to the fact that should you wish to participate in the merger described below, with effect from 8 December 2016 any questions or disputes relating to your rights and obligations as holder in the AMUNDI INDEX SOLUTIONS SICAV will be subject to the rules and jurisdiction of the Luxembourg courts. Dear Sir/Madam, We are pleased to count you as a unitholder in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP. Name of the FCP GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (I - EUR) GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (I2 - EUR) GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (I2 - GBP) GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (P - EUR) GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (R - EUR) ISIN code FR0012355188 FR0012355253 FR0012355287 FR0012355303 FR0012355311 1. Description of the operation Your management company, Amundi Asset Management, and the board of directors of the Luxembourg SICAV, AMUNDI INDEX SOLUTIONS, have decided that your fund,

GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA will be absorbed on 8 December 2016 by the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV. Your GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV have a similar management objective, investment strategy and risk/return profile. The MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund currently exists as a shell and after activation following absorption of the AMUNDI INDEX EQUITY GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP will be managed on the same basis as the latter. Amundi Asset Management and the board of directors of the AMUNDI INDEX SOLUTIONS SICAV believe that it is in the interests of the unitholders and shareholders of the two UCITS to merge these two entities in a single legal structure, in order to simplify the range of UCITS with a similar management style, enhance transparency in the product range and improve efficiency and economies of scale for the benefit of investors. In order to facilitate this merger, unit subscriptions and redemptions in the absorbed fund, GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP, will be suspended from 1 December 2016 at 12:26 pm. This operation has been approved by the Autorité des Marchés Financiers (AMF) as at 27 September 2016. Without any further action required on your part, following this operation, you will receive shares in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV (the absorbing fund) in return for your units in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP (the absorbed fund), based on the technical terms of the merger stipulated in the appendix. If, however, you do not accept the terms and conditions of this operation, you may sell your current units or the shares received in exchange at any time and free of charge. Such a redemption would only be subject to the ordinary rules of taxation applicable to capital gains on the sale of transferable securities. Your usual point of contact will be available to explore the solution that would be most adapted to your investor profile. 2. Implications of the operation The main changes to your investment are described below and in the appendix. Change to risk/return profile: Risk/return profile increase: Fee increase: NO NO YES 2

Changes to the fee structure The following changes to the fee structure of your fund will take effect on 8 December 2016: - currently the maximum management fees for your FCP are: o 0.25% for I-EUR units; o 0.15% for I2-EUR units; o 0.15% for I2-GBP units; o 0.50% for P-EUR units; o 0.30% for R-EUR units. The GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund has base share classes, with attached sub-classes. The Base Share Class Designations section of the AMUNDI INDEX SOLUTIONS SICAV prospectus only describes the maximum management fees for the base share classes, applicable to all of the SICAV s sub-funds, namely: o 1.40% for I shares; o 1.20% for X shares; o 2.50% for A shares; o 1.50% for R shares; For details of the maximum management fees applicable to the AE, IE, XE, XG and RE share sub-classes in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund absorbing your units, please refer directly to the characteristics of these shares listed on your FCP s webpage: www.amundi.fr. - the maximum subscription fee will be amended from: o 10% currently for I-EUR units to maximum 2.5% for IE (C) shares; o 10% currently for I2-EUR units to maximum 5.0% for XE (C) shares; o 10% currently for I2-GBP units to maximum 5.0% for XG (C) shares; o 10% currently for P-EUR units to maximum 4.5% for AE (C) shares; o 10% currently for R-EUR units to maximum 4.5% for RE (C) shares. - if you request conversion of your shares into a different share category (which is not currently possible in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP), a maximum conversion fee of 1% shall apply; - ongoing charges will be amended from: o 0.32% for I-EUR units to an estimated 0.25% after the merger with the IE (C) share class; o 0.22% for I2-EUR units to an estimated 0.15% after the merger with the XE (C) share class; o 0.36% for R-EUR units to an estimated 0.30% after the merger with the RE (C) share class; The ongoing charges for the P-EUR and the I2-GBP units shall remain unchanged. For the French fund, administration fees are included in ongoing charges. For the Luxembourg sub-fund, they are also included in ongoing charges and detailed separately in the prospectus of the Luxembourg sub-fund. Change in management strategy: Both your GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the GLOBAL MULTI SMART ALLOCATION 3

SCIENTIFIC BETA sub-fund aim to replicate the performance of the strategy index, the Scientific Beta Developed Multi-Beta Multi-Strategy ERC (the Strategy Index ). Your GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP has a maximum target tracking error for the change in the net asset value of the fund versus that of the Strategy Index of 2% annualised, whereas this is 1% annualised for the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA subfund. Otherwise, the investment strategies and assets used and described in the prospectuses of the two UCITS are similar. Other changes The minimum initial subscription for P-EUR and R-EUR units in GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA shall be lowered from one unit to a an AE (C) and RE (C) share in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund. The name of the benchmark index, the Scientific Beta Developed Multi-Beta Multi-Strategy ERC, will change and the direct link will no longer appear in the legal documentation of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP. Hence, access to the webpage of the benchmark index, http://www.scientificbeta.com/#/content/scibeta-developed-mbms-erc-index-eur-nr, will be removed. The major characteristics of your GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV are detailed in the table in the appendix. As your fund is being absorbed by a SICAV, as of 8 December 2016 you will become a shareholder in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV and will therefore be able to participate and vote in general meetings, with each share having the right to one vote. Please refer to the Key Investor Information Document (KIID) of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP on the webpage: www.amundi.fr. You can directly access the legal documents the Key Investor Information Document (KIID) and the prospectus together with additional information on the characteristics of the shares in the sub-fund of the absorbing SICAV, AMUNDI INDEX SOLUTIONS, via the webpage of your FCP www.amundi.fr. The prospectuses of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the AMUNDI INDEX SOLUTIONS SICAV can be obtained by written request to the appropriate address listed below: Amundi Asset Management Client Services 90, boulevard Pasteur 75015 Paris France Amundi Index Solutions c/o Amundi Luxembourg S.A. 5, allée Scheffer L-2520 Luxembourg Grand Duchy of Luxembourg 4

However, please remember that if you do not accept the terms and conditions of this operation, you may sell your current units or the shares received in exchange at any time and free of charge. Such a redemption would only be subject to the ordinary rules of taxation applicable to capital gains on the sale of transferable securities. Your usual point of contact will be available to explore the solution that would be most adapted to your investor profile. Thank you for your attention in this matter. Yours faithfully, 5

APPENDIX 1) 8 December 2016: Merger by absorption of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP by the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV The following changes will occur as a result of this operation: GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (absorbed) GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA (absorbing) I-EUR unit FR0012355188 IE (C) share LU1437019133 I2-EUR unit FR0012355253 XE(C) share LU1437018911 ISIN code I2-GBP unit FR0012355287 XG (C) share LU1437019059 P-EUR unit FR0012355303 AE (C) share LU1437019307 R-EUR unit FR0012355311 RE (C) share LU1437019216 Legal form FCP SICAV UCITS with sub-funds No Yes Classification International equities N/A Sub-fund affected by the operation Supervisory authority N/A Autorité des Marchés Financiers (AMF), France I-EUR unit GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA Commission de Surveillance du Secteur Financier (CSSF), Luxembourg 26/02/2015 IE (C) share 08/12/2016 Inception date I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit 26/02/2015 XE(C) share 08/12/2016 26/02/2015 XG (C) share 08/12/2016 26/02/2015 AE (C) share 08/12/2016 26/02/2015 RE (C) share 08/12/2016 Management company Amundi Asset Management Amundi Luxembourg S.A Auditor PWC SELLAM Ernst & Young 6

Custodian Valuation agent/ administrator Euroclear admission Business day CACEIS BANK France S.A CACEIS Fund Administration S.A I-EUR unit I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit Admitted Admitted Admitted Admitted Admitted Any full business day when banks are open in France and/or the US CACEIS BANK Luxembourg S.A. (also the registrar, transfer and paying agent) CACEIS BANK Luxembourg S.A. Will be admitted IE (C) share on the day of the merger Will be admitted XE(C) share on the day of the merger Will be admitted XG (C) share on the day of the merger Will be admitted AE (C) share on the day of the merger Will be admitted RE (C) share on the day of the merger Any full business day when banks are open in Luxembourg and/or the US Typical investor profile I-EUR unit I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit All types of investors, particularly legal entities All types of investors, particularly large institutional investors All types of investors, particularly natural persons All subscribers, in particular distribution platform clients located in the UK and the Netherlands The fund is particularly appropriate for investors seeking: long-term capital gains within a diversified portfolio with Smart Beta exposure to equities in developed countries, to replicate the performance of the benchmark index Tracking error 2% annualised 1% annualised Webpage of the index supplier Centralisation deadline www.scientificbeta.com/#/content/sci Beta-Developed-MBMS-ERC-Index- EUR-NR www.scientificbeta.com 12.25 pm 2.00 pm 7

Financial year-end March September I-EUR unit EUR 10,000 IE (C) share Continuous NAV I2-EUR unit EUR 50,000 XE(C) share Continuous NAV Opening NAV I2-GBP unit GBP 40,000 XG (C) share Continuous NAV P-EUR unit EUR 10,000 AE (C) share Continuous NAV Minimum initial subscription Minimum subsequent subscription Maximum subscription fee R-EUR unit I-EUR unit I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit I-EUR unit I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit I-EUR unit I2-EUR unit I2-GBP unit EUR 10,000 RE (C) share 1 unit IE (C) share 1 unit XE(C) share 1 unit XG (C) share 1 unit AE (C) share 1 unit RE (C) share a unit a unit a unit a unit a unit IE (C) share XE(C) share XG (C) share AE (C) share RE (C) share Continuous NAV EUR equivalent of USD 500,000 EUR equivalent of USD 50,000,000 GBP equivalent of USD 50,000,000 10% IE (C) share 2.5% 10% XE(C) share 5% 10% XG (C) share 5% 8

P-EUR unit R-EUR unit 10% AE (C) share 4.5% 10% RE (C) share 4.5% Maximum conversion fee Ongoing charges None 1% I-EUR unit 0.32% IE (C) share I2-EUR unit 0.22% XE(C) share I2-GBP unit 0.15% (estimated) XG (C) share P-EUR unit 0.50% (estimated) AE (C) share 0.25% (estimated) 0.15% (estimated) 0.15% (estimated) 0.50% (estimated) R-EUR unit 0.36% RE (C) share 0.30% (estimated) Anti-dilution mechanism Swing pricing* No Yes *A scheme aimed at reducing the impact on the net asset value (NAV) of costs related to substantial changes in portfolios, in particular, as the result of a high number of share subscription or redemption requests. Additional information on this mechanism is available in the section How We Calculate NAV, Swing pricing in the AMUNDI INDEX SOLUTIONS SICAV prospectus. 2) Technical terms of the merger and an example of the exchange ratio We hereby inform you that your management company, Amundi Asset Management, will transfer the assets of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP into the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV, created for this purpose. This operation will be carried out on the basis of the NAV of 7 December 2016. The exchange ratio for the merger shall be 1 for 1: in exchange for your units in the AMUNDI INDEX EQUITY GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP you will receive the same number in thousandths of corresponding shares in the AMUNDI INDEX EQUITY GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund. By way of illustration, the exchange ratio of 1 for 1 shall apply as follows: the exchange of one I-EUR unit (FR0012355188) for one IE (C) share (LU1437019133); the exchange of one I2-EUR unit (FR0012355253) for one XE (C) share (LU1437018911); the exchange of one I2-GBP unit (FR0012355287) for one XG (C) share (LU1437019059); 9

the exchange of one P-EUR unit (FR0012355303) for one AE (C) share (LU1437019307); the exchange of one R-EUR unit (FR0012355311) for one RE (C) share (LU1437019216). Calculations will be made for your full holding of units in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP. You will be sent a report detailing the number of shares and thousandths of shares you will hold in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV following the merger, to replace your units in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP. 3) Taxation The stated tax regime is that in force on the date of this letter. Retail clients Securities held in an ordinary securities account. This operation is eligible for deferred taxation (Article 150-0 B of the General Tax Code CGI), if the cash amount received is less than 10% of the exchange value of the securities received. This operation is not therefore immediately subject to taxation. Any realised gain shall not be taxable until the disposal of the shares in AMUNDI INDEX SOLUTIONS received in exchange, and shall correspond to the difference between the transfer price for the units in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the acquisition value of shares in AMUNDI INDEX SOLUTIONS as reduced by any cash amount received. Where it is not possible to take advantage of this tax deferral, any capital gains realised as a result of these exchanges shall be immediately taxable in accordance with the progressive scale of income tax and shall be subject to social contributions of 15.5%. Companies (corporation tax, taxation on industrial, commercial and agricultural profits): This operation is eligible for deferred taxation (Article 38-5a of the General tax Code - CGI) until the subsequent disposal of the securities received in exchange and recorded in assets. However, a distinction must be made between the following cases: the cash amount received is less than 10% of the total and less than the gain realised on exchange: - the realised gain is taxable up to the amount of the cash received; - above this amount, taxation of the gain is deferred; - in the event of fractions, the realised gain on any fraction is taxable. Deferral is obligatory. The securities received shall be recorded in the balance sheet at their actual value, requiring a correction outside of the accounts to avoid taxation of the gain realised upon exchange and included in accounting income. the cash amount received is greater than 10% of the total or the realised gain on exchange: the capital gain is taxable immediately. 4) Operational terms of the AMUNDI INDEX SOLUTIONS SICAV Shares Following the merger described above, you will receive shares in the AMUNDI INDEX SOLUTIONS SICAV in exchange for your units in the GLOBAL 10

MULTI SMART ALLOCATION SCIENTIFIC BETA FCP. Shares in the AMUNDI INDEX SOLUTIONS SICAV are only issued in registered form and are recorded in the Shareholder Register without issuance of certificate (uncertificated shares). 1 Conversion of shares As holder in the AMUNDI INDEX SOLUTIONS SICAV, you may request the conversion of your shares into different share classes in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund or in a different sub-fund of the SICAV. The conversion of shares from one class in a sub-fund into s of a different class in the same sub-fund or in a different sub-fund is only authorised if the investor satisfies all the entry conditions stipulated for the share class into which conversion will be made. Transaction deadlines Orders for the purchase, conversion and redemption of shares can be placed with the AMUNDI INDEX SOLUTIONS SICAV or with a distributor. Subscription, redemption and conversion orders must be received before 2.00 pm (Luxembourg time) on a business day when banks are open in Luxembourg and the US. See Transaction deadlines in the Planning your investment section of the fact sheet for the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund in the AMUNDI INDEX SOLUTIONS SICAV prospectus. Orders received in accordance with the terms described above shall be executed on the following business day, as described in the AMUNDI INDEX SOLUTIONS prospectus, based on the net asset value of the business day following the business day on which the order was received and calculated on D+2. Asset valuation rules The valuation rules for the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA fund and the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV are detailed in paragraph VII Asset valuation and accounting rules of your FCP s prospectus and in the section Calculation of the net asset value in the AMUNDI INDEX SOLUTIONS SICAV prospectus, respectively. Investor protection in the event of an error in the net asset value (NAV) calculation French law provides for no specific measures in the event of an error in the NAV calculation. In contrast, Luxembourg law has formal rules for the protection of investors in the event of NAV calculation errors and non-compliance with the investment rules applicable to undertakings for collective investment. 2 These rules can be obtained from the management company of the AMUNDI INDEX SOLUTIONS SICAV. 5) Various The merger report prepared by the auditors of your FCP and the statements relating to the merger issued by the custodians of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP and the AMUNDI INDEX SOLUTIONS SICAV are available from the registered office of the management company of your FCP, Amundi Asset Management. 1 (i) Uncertificated shares Proof of ownership of uncertificated shares depends solely upon an entry in the Shareholder Register. However, a personal account number will be allocated to holders of uncertificated shares. We recommend that investors hold uncertificated shares, for which conversion and redemption instructions can be made by fax or any other electronic means that the SICAV s board of directors may define as required. Additionally, if these instructions are received before 2.00 pm Luxembourg time on a business day (see Transaction deadlines below), these instructions will be executed on the same business day. 2 CSSF Circular 02/77 relating to the protection of investors in the event of NAV calculation errors and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment. 11

As the portfolios of your FCP and the absorbing sub-fund are similar, the merger by absorption of your GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP by the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV will be made via the transfer of your FCP s securities to the portfolio of the absorbing SICAV, without any prior rebalancing of the absorbed fund s portfolio. Any new fees and/or revenue of the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP received or receivable after 12.25 pm (French time) on 1 December 2016 will be charged/credited to the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA sub-fund of the AMUNDI INDEX SOLUTIONS SICAV. Unitholders in the GLOBAL MULTI SMART ALLOCATION SCIENTIFIC BETA FCP can exercise their rights as shareholders in the absorbing sub-fund from 8 December 2016. 12

LETTER TO UNITHOLDERS EUROPE LOW CARBON Nature of the operation Merger Date of the operation 8 December 2016 We draw your attention to the fact that should you wish to participate in the merger described below, with effect from 8 December 2016 any questions or disputes relating to your rights and obligations as holder in the AMUNDI INDEX SOLUTIONS SICAV will be subject to the rules and jurisdiction of the Luxembourg courts. Dear Sir/Madam, We are pleased to count you as a unitholder in the EUROPE LOW CARBON FCP. Name of the FCP EUROPE LOW CARBON EUROPE LOW CARBON (I-EUR) EUROPE LOW CARBON (I2-EUR) EUROPE LOW CARBON (I2-GBP) EUROPE LOW CARBON (P-EUR) EUROPE LOW CARBON (R-EUR) EUROPE LOW CARBON (O-EUR) EUROPE LOW CARBON (I-USD) ISIN code FR0012353431 FR0012395507 FR0012395515 FR0012395523 FR0012395531 FR0012880425 FR0012880417 1. Description of the operation Your management company, Amundi Asset Management, and the board of directors of the Luxembourg SICAV, AMUNDI INDEX SOLUTIONS, have decided that your fund,

the EUROPE LOW CARBON FCP, will be absorbed on 8 December 2016 by the GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV. Your EUROPE LOW CARBON FCP and the AMUNDI INDEX EQUITY EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV have a similar management objective, investment strategy and risk/return profile. The absorbing sub-fund, EUROPE LOW CARBON, which is currently active, is managed according to the same process as the absorbed fund, the EUROPE LOW CARBON FCP. Amundi Asset Management and the board of directors of the AMUNDI INDEX SOLUTIONS SICAV have decided to merge these two entities into a single legal structure in order to respond to a request made by certain clients and enhance transparency in the product range. In order to facilitate this merger, unit subscriptions and redemptions in the absorbed fund, the EUROPE LOW CARBON FCP, will be suspended from 2 December 2016 at 12.26 pm. This operation was approved by the Autorité des Marchés Financiers (AMF) as at 21 October 2016. Without any further action required on your part, following this operation you will receive shares in the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV (the absorbing fund) in return for your units in the AMUNDI INDEX EQUITY EUROPE LOW CARBON FCP (the absorbed fund), based on the technical terms of the merger stipulated in the appendix. If, however, you do not accept the terms and conditions of this operation, you may sell your current units or the shares received in exchange at any time and free of charge. Such a redemption would only be subject to the ordinary rules of taxation applicable to capital gains on the sale of transferable securities. Your usual point of contact will be available to explore the solution that would be most adapted to your investor profile. 2. Implications of the operation The main changes to your investment are described below and in the appendix. Change to risk/return profile: Risk/return profile increase: Fee increase: NO NO YES Changes to the fee structure The following changes to the fee structure of your fund will take effect on 8 December 2016: - currently the maximum management fees for your FCP are: o 0.18% for I-EUR units; o 0.18% for I-USD units; o 0.15% for I2-GBP units; o 0.15% for I2-EUR units; 2

o 0.08% for O-EUR units; o 0.60% for P-EUR units; o 0.23% for R-EUR units. The EUROPE LOW CARBON sub-fund has base share classes, with attached share sub-classes. The Base Share Class Designations section of the AMUNDI INDEX SOLUTIONS SICAV prospectus only describes the maximum management fees for the base share classes, applicable to all of the SICAV s sub-funds, namely: o 1.40% for I shares; o 1.20% for X shares; o 2.50% for A shares; o 0.50% for O shares: o 1.50% for R shares; For details of the maximum management fees applicable to the AE, IE, IU, XG, XE, OE and RE share sub-classes in the EUROPE LOW CARBON sub-fund absorbing your units, please refer directly to the characteristics of these shares listed on your FCP s webpage: www.amundi.fr. - the maximum subscription fee will be amended from: o 10% currently for I-EUR units to maximum 2.5% for IE (C) shares; o 10% currently for I2-EUR units to maximum 5% for XE (C) shares; o 10% currently for I2-GBP units to maximum 5% for XG (C) shares; o 0% currently for P-EUR units to maximum 4.5% for AE (C) shares; o 10% currently for R-EUR units to maximum 4.5% for RE (C) shares; o 10% currently for O-EUR units to maximum 5% for OE (C) shares; o 10% currently for I-USD units to maximum 2.5% for IU (C) shares. - if you request conversion of your shares into a different share category (which is not currently possible in the EUROPE LOW CARBON FCP), a maximum conversion fee of 1% shall apply; - ongoing charges will be amended from: o 0.25% for I-EUR units to an estimated 0.18% after the merger with the IE (C) share class; o 0.19% for I2-EUR units to an estimated 0.15% after the merger with the XE (C) share class; o 0.18% for I2-GBP units to an estimated 0.15% after the merger with the XG (C) share class; o 0.28% for P-EUR units to an estimated 0.60% after the merger with the AE (C) share class; o 0.29% for R-EUR units to an estimated 0.23% after the merger with the RE (C) share class; o 0.20% for O-EUR units to an estimated 0.08% after the merger with the OE (C) share class; o 0.28% for I-USD units to an estimated 0.18% after the merger with the IU (C) share class. For the French fund, administration fees are included in ongoing charges. For the Luxembourg sub-fund, they are also included in ongoing charges and detailed separately in the prospectus of the Luxembourg sub-fund. Change in management strategy: Both your EUROPE LOW CARBON FCP and the AMUNDI INDEX EQUITY EUROPE LOW CARBON sub-fund aim to replicate the performance of the strategy index, the MSCI Europe Low Carbon Leaders (the Strategy Index ). 3

Your EUROPE LOW CARBON FCP has a maximum target tracking error for the change in the net asset value of the fund versus that of the Strategy Index of 2% annualised, whereas this is 1% annualised for the EUROPE LOW CARBON sub-fund. Otherwise, the investment strategies and assets used and described in the prospectuses of the two UCITS are similar. Other changes The minimum initial subscription for P-EUR and R-EUR units in the EUROPE LOW CARBON FCP will be lowered from one unit to a an AE (C) and RE (C) share in the EUROPE LOW CARBON sub-fund. As of the date of this letter, the information in the Key Investor Information Document (KIID) of the EUROPE LOW CARBON FCP no longer specifies how securities are filtered based on their carbon intensity and associated fossil fuel reserves. You will continue to find this definition in the prospectus of the absorbing fund on the page for the EUROPE LOW CARBON sub-fund. In addition, the table comparing the weighting of the most polluting sectors in the MSCI Europe Low Carbon Leaders benchmark and its parent index, the MSCI Europe, included in the prospectus of the EUROPE LOW CARBON FCP has been replaced by a written explanation in the EUROPE LOW CARBON sub-fund prospectus. The aim of this new format remains to highlight the strong correlation between the MSCI Europe Low Carbon Leaders and its parent index. The major characteristics of your EUROPE LOW CARBON FCP and the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV are detailed in the table in the appendix. As your fund is being absorbed by a SICAV, as of 8 December 2016 you will become a shareholder in the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV and will therefore be able to participate and vote in general meetings, with each share having one voting right. Please refer to the Key Investor Information Document (KIID) of the EUROPE LOW CARBON FCP on the webpage: www.amundi.fr. You can directly access the legal documents the Key Investor Information Document (KIID) and the prospectus together with additional information on the characteristics of the shares in the sub-fund of the absorbing SICAV, AMUNDI INDEX SOLUTIONS, via the webpage of your FCP: www.amundi.fr. The prospectuses of the EUROPE LOW CARBON FCP and the AMUNDI INDEX SOLUTIONS SICAV can be obtained by written request to the relevant address listed below: Amundi Asset Management Amundi Index Solutions Client Services c/o Amundi Luxembourg S.A. 90, boulevard Pasteur 5, allée Scheffer 75015 Paris L-2520 Luxembourg France Grand Duchy of Luxembourg 4

Please remember that if you object to the terms and conditions of this operation, you may sell your current units or the shares received in exchange at any time and free of charge. Such a redemption would only be subject to the ordinary rules of taxation applicable to capital gains on the sale of transferable securities. Your usual point of contact will be available to explore the solution that would be most adapted to your investor profile. Thank you for your attention in this matter. Yours faithfully, 5

APPENDIX 1) 8 December 2016: Merger by absorption of the EUROPE LOW CARBON FCP by the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV The following changes will occur as a result of this operation: EUROPE LOW CARBON (absorbed) EUROPE LOW CARBON (absorbing) I-EUR unit FR0012353431 IE (C) share LU1437019992 I2-EUR unit FR0012395507 XE(C) share LU1437019646 I2-GBP unit FR0012395515 XG (C) share LU1437019729 ISIN code P-EUR unit FR0012395523 AE (C) share LU1437020222 R-EUR unit FR0012395531 RE (C) share LU1437020149 O-EUR unit FR0012880425 OE(C) share LU1437020495 I-USD unit FR0012880417 IU(C) share LU1437020065 Legal form FCP SICAV UCITS with subfunds No Yes Classification International equities N/A Sub-fund affected by the operation N/A Supervisory authority Autorité des Marchés Financiers (AMF), France EUROPE LOW CARBON Commission de Surveillance du Secteur Financier (CSSF), Luxembourg I-EUR unit 05/03/2015 IE (C) share 30/08/2016 I2-EUR unit 05/03/2015 XE(C) share 30/08/2016 I2-GBP unit 05/03/2015 XG (C) share 30/08/2016 Inception date P-EUR unit 05/03/2015 AE (C) share 30/08/2016 R-EUR unit 05/03/2015 RE (C) share 30/08/2016 O-EUR unit 31/08/2015 OE(C) share 30/08/2016 I-USD unit 31/08/2015 IU(C) share 30/08/2016 Management company Amundi Asset Management 6 Amundi Luxembourg S.A

Auditor PWC SELLAM Ernst & Young Custodian Valuation agent/ administrator CACEIS BANK France S.A CACEIS Fund Administration S.A CACEIS BANK Luxembourg S.A. (also the registrar, transfer and paying agent) CACEIS BANK Luxembourg S.A. I-EUR unit Admitted IE (C) share 30/08/2016 I2-EUR unit Admitted XE(C) share 30/08/2016 I2-GBP unit Admitted XG (C) share 30/08/2016 Euroclear admission P-EUR unit Admitted AE (C) share 30/08/2016 R-EUR unit Admitted RE (C) share 30/08/2016 O-EUR unit Admitted OE(C) share 30/08/2016 I-USD unit Admitted IU(C) share 30/08/2016 Business day Any full business day when banks are open in France and/or the United Kingdom and/or Germany Any full business day when banks are open in Luxembourg and/or France and/or the United Kingdom and/or Germany I-EUR unit All types of investors, particularly legal entities I2-EUR unit All types of investors, particularly large institutional investors Typical investor profile I2-GBP unit P-EUR unit All types of investors, particularly large institutional investors All types of investors, particularly natural persons The fund is particularly appropriate for investors seeking: long-term capital gains to replicate the performance of the benchmark index R-EUR unit All subscribers, in particular distribution platform clients located in the UK and the Netherlands 7

O-EUR unit Reserved for UCIs managed by Amundi s management companies I-USD unit All types of investors, particularly legal entities Tracking error 2% annualised 1% annualised Centralisation deadline 12.25 pm 2.00 pm Financial yearend March September Opening NAV Minimum initial subscription I-EUR unit EUR 10,000 IE (C) share I2-EUR unit EUR 50,000 XE(C) share I2-GBP unit GBP 40,000 XG (C) share P-EUR unit EUR 100 AE (C) share R-EUR unit EUR 10,000 RE (C) share O-EUR unit EUR 50,000 OE(C) share I-USD unit USD 10,000 IU(C) share I-EUR unit 1 unit IE (C) share I2-EUR unit 1 unit XE(C) share I2-GBP unit 1 unit XG (C) share Continuous NAV Continuous NAV Continuous NAV Continuous NAV Continuous NAV Continuous NAV Continuous NAV EUR equivalent of USD 500,000 EUR equivalent of USD 50,000,000 GBP equivalent of USD 50,000,000 8

P-EUR unit 1 unit AE (C) share R-EUR unit 1 unit RE (C) share O-EUR unit 1 unit OE(C) share EUR equivalent of USD 500,000 I-USD unit 1 unit IU(C) share USD 500,000 Minimum subsequent subscription I-EUR unit I2-EUR unit I2-GBP unit P-EUR unit R-EUR unit O-EUR unit I-USD unit a unit a unit a unit a unit a unit thousandth of a unit thousandth of a unit IE (C) share XE(C) share XG (C) share AE (C) share RE (C) share OE(C) share IU(C) share thousandth of thousandth of I-EUR unit 10% IE (C) share 2.5% I2-EUR unit 10% XE(C) share 5% I2-GBP unit 10% XG (C) share 5% Maximum subscription fee P-EUR unit 0% AE (C) share 4.5% R-EUR unit 10% RE (C) share 4.5% O-EUR unit 10% OE(C) share 5% I-USD unit 10% IU(C) share 2.5% Maximum conversion fee Ongoing charges None 1% I-EUR unit 0.25% IE (C) share 0.18% (estimated) 9

Anti-dilution mechanism Swing pricing* I2-EUR unit 0.19% XE(C) share I2-GBP unit 0.18% XG (C) share P-EUR unit 0.28% AE (C) share R-EUR unit 0.29% RE (C) share O-EUR unit 0.20% OE(C) share I-USD unit 0.28% IU(C) share No 0.15% (estimated) 0.15% (estimated) 0.60% (estimated) 0.23% (estimated) 0.08% (estimated) 0.18% (estimated) *A scheme aimed at reducing the impact on the net asset value (NAV) of costs related to substantial changes in portfolios, in particular, as the result of a high number of share subscription or redemption requests. Additional information on this mechanism is available in the section How We Calculate NAV, Swing pricing in the AMUNDI INDEX SOLUTIONS SICAV prospectus. 2) Technical terms of the merger and an example of the exchange ratio We hereby inform you that your management company, Amundi Asset Management, will transfer the assets of the EUROPE LOW CARBON FCP into the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV, which was created for this purpose. This operation will be carried out on the basis of the NAV of 7 December 2016. Yes The exchange ratio for the merger shall be 1 for 1: in exchange for your units in the AMUNDI INDEX EQUITY EUROPE LOW CARBON FCP, you will receive the same number in thousandths of corresponding shares in the EUROPE LOW CARBON sub-fund. By way of illustration, the exchange ratio of 1 for 1 shall apply as follows: the exchange of one I-EUR unit (FR0012353431) for one IE (C) share (LU1437019992); the exchange of one I2-EUR unit (FR0012395507) for one XE (C) share (LU1437019646); the exchange of one I2-GBP unit (FR0012395515) for one XG (C) share (LU1437019729); the exchange of one P-EUR unit (FR0012395523) for one AE (C) share (LU1437020222); the exchange of one R-EUR unit (FR0012395531) for one RE (C) share (LU1437020149); the exchange of one O-EUR unit (FR0012880425) for one OE (C) share (LU1437020495); the exchange of one I-USD unit (FR0012880417) for one IU (C) share (LU1437020065). 10

Calculations will be made for your full holding of units in the EUROPE LOW CARBON FCP. You will be sent a report detailing the number of shares and thousandths of shares you will hold in the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV following the merger, to replace your EUROPE LOW CARBON FCP units. 3) Taxation The stated tax regime is that in force on the date of this letter. Retail clients Securities held in an ordinary securities account. This operation is eligible for deferred taxation (Article 150-0 B of the General Tax Code CGI), if the cash amount received is less than 10% of the exchange value of the securities received. This operation is not therefore immediately subject to taxation. The realised gain will not be taxable until the disposal of the shares in AMUNDI INDEX SOLUTIONS received in exchange, and shall correspond to the difference between the transfer price of the units in the EUROPE LOW CARBON FCP and the acquisition value of shares in AMUNDI INDEX SOLUTIONS as reduced by any cash amount received. Where it is not possible to take advantage of this tax deferral, any capital gains realised as a result of these exchanges shall be immediately taxable in accordance with the progressive scale of income tax and shall be subject to social contributions of 15.5%. Companies (corporation tax, taxation on industrial, commercial and agricultural profits): This operation is eligible for deferred taxation (Article 38-5a of the General tax Code - CGI) until the subsequent disposal of the securities received in exchange and recorded in assets. However, a distinction must be made between the following cases: the cash amount received is less than 10% of the total and less than the gain realised on exchange: - the realised gain is taxable up to the amount of the cash amount received; - above this amount, taxation of the gain is deferred; - in the event of fractions, the realised gain on any fractions is taxable. Deferral is obligatory. The securities received shall be recorded in the balance sheet at their actual value, requiring a correction outside of the accounts to avoid taxation of the gain realised upon exchange and included in accounting income. the cash amount received is greater than 10% of the total or the realised gain on exchange: the capital gain is taxable immediately. 4) Operational terms of the AMUNDI INDEX SOLUTIONS SICAV Shares Following the merger described above, you will receive shares in the AMUNDI INDEX SOLUTIONS SICAV in exchange for your units in the EUROPE LOW CARBON FCP. Shares in the AMUNDI INDEX SOLUTIONS SICAV are only issued in registered form and are recorded in the Shareholder Register without issuance of certificate (uncertificated shares). 1 1 Uncertificated shares Proof of ownership of uncertificated shares depends solely upon an entry in the Shareholder Register. However, a personal account number will be allocated to holders of uncertificated shares. We recommend that investors hold uncertificated shares, for which conversion and redemption instructions can be made by fax or any other electronic means that the SICAV s board of 11

Conversion of shares As holder in the AMUNDI INDEX SOLUTIONS SICAV, you may request the conversion of your shares into a different share class in the EUROPE LOW CARBON sub-fund or in a different sub-fund of the SICAV. The conversion of shares from one class in a sub-fund into s of a different class in the same sub-fund or in a different sub-fund is only authorised if the investor satisfies all the entry conditions stipulated for the share class into which conversion will be made. Transaction deadlines Orders for the purchase, conversion and redemption of shares can be placed with the AMUNDI INDEX SOLUTIONS SICAV or with a distributor. Subscription, redemption and conversion orders must be received before 2.00 pm (Luxembourg time) on a business day when banks are open in Luxembourg and/or France and/or the United Kingdom and/or Germany. See Transaction deadlines in the Planning your investment section of the fact sheet for the EUROPE LOW CARBON sub-fund in the AMUNDI INDEX SOLUTIONS SICAV prospectus. Orders received in accordance with the terms described above shall be executed on the following business day, as described in the AMUNDI INDEX SOLUTIONS prospectus, based on the net asset value of the business day following the business day on which the order was received and calculated on D+1. Asset valuation rules The valuation rules for the EUROPE LOW CARBON FCP and the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV are detailed in paragraph VII Asset valuation and accounting rules of your FCP prospectus and in the section Calculation of the net asset value in the AMUNDI INDEX SOLUTIONS SICAV prospectus, respectively. Investor protection in the event of an error in the net asset value (NAV) calculation French law provides for no specific measures in the event of an error in the NAV calculation. In contrast, Luxembourg law has formal rules for the protection of investors in the event of NAV calculation errors and non-compliance with the investment rules applicable to undertakings for collective investment. 2 These rules can be obtained from the management company of the AMUNDI INDEX SOLUTIONS SICAV. 5) Various The merger report prepared by the auditors of your FCP and the statements relating to the merger issued by the custodians of the EUROPE LOW CARBON FCP and the AMUNDI INDEX SOLUTIONS SICAV are available from the registered office of the management company of your FCP, Amundi Asset Management. As the portfolios of your FCP and the absorbing sub-fund are similar, the merger by absorption of your EUROPE LOW CARBON FCP by the AMUNDI INDEX EQUITY EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV will be made via the transfer of your FCP s securities to the portfolio of the absorbing SICAV, without any prior rebalancing of the absorbed fund s portfolio. Any new fees and/or revenue of the EUROPE LOW CARBON FCP received or receivable after 12.25 pm (French time) on 2 December 2016 will be charged/credited to the EUROPE LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV. directors may define as required. Additionally, if these instructions are received before 2.00 pm Luxembourg time on a business day (see Transaction deadlines below), these instructions will be executed on the same business day. 2 CSSF Circular 02/77 relating to the protection of investors in the event of NAV calculation errors and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment. 12

Unitholders in the EUROPE LOW CARBON FCP can exercise their rights as shareholders in the absorbing sub-fund from 8 December 2016. 13

LETTER TO UNITHOLDERS GLOBAL LOW CARBON Nature of the operation Merger Date of the operation 8 December 2016 We draw your attention to the fact that should you wish to participate in the merger described below, with effect from 8 December 2016 any questions or disputes relating to your rights and obligations as holder in the AMUNDI INDEX SOLUTIONS SICAV will be subject to the rules and jurisdiction of the Luxembourg courts. Dear Sir/Madam, We are pleased to count you as a unitholder in the GLOBAL LOW CARBON FCP. Name of the FCP GLOBAL LOW CARBON GLOBAL LOW CARBON (I - EUR) GLOBAL LOW CARBON (I2 - EUR) GLOBAL LOW CARBON (I - GBP) GLOBAL LOW CARBON (P - EUR) GLOBAL LOW CARBON (R - EUR) GLOBAL LOW CARBON (O - EUR) GLOBAL LOW CARBON (I - USD) ISIN code FR0012353449 FR0012386530 FR0012386555 FR0012386571 FR0012386597 FR0012880441 FR0012880433 1. Description of the operation Your management company, Amundi Asset Management, and the board of directors of the Luxembourg SICAV, AMUNDI INDEX SOLUTIONS, have decided that your fund,

the GLOBAL LOW CARBON FCP, will be absorbed on 8 December 2016 by the GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV. Your GLOBAL LOW CARBON FCP and the AMUNDI INDEX EQUITY GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV have a similar management objective, investment strategy and risk/return profile. The GLOBAL LOW CARBON sub-fund currently exists as a shell and after activation following absorption of the GLOBAL LOW CARBON FCP, it will be managed on the same basis as the latter. Amundi Asset Management and the board of directors of the AMUNDI INDEX SOLUTIONS SICAV believe that it is in the interests of the unitholders and shareholders of the two UCITS to merge these two entities in a single legal structure, in order to simplify the range of UCITS with a similar management style, enhance transparency in the product range and improve efficiency and economies of scale for the benefit of investors. In order to facilitate this merger, unit subscriptions and redemptions in the absorbed fund, the GLOBAL LOW CARBON FCP, will be suspended from 1 December 2016 at 12.26 pm. This operation has been approved by the Autorité des Marchés Financiers (AMF) as at 27 September 2016. Without any further action required on your part, following this operation you will receive shares in the GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV (the absorbing fund) in return for your units in the AMUNDI INDEX EQUITY GLOBAL LOW CARBON FCP (the absorbed fund), based on the technical terms of the merger stipulated in the appendix. If, however, you do not accept the terms and conditions of this operation, you may sell your current units or the shares received in exchange at any time and free of charge. Such a redemption would only be subject to the ordinary rules of taxation applicable to capital gains on the sale of transferable securities. Your usual point of contact will be available to explore the solution that would be most adapted to your investor profile. 2. Implications of the operation The main changes to your investment are described below and in the appendix. Change to risk/return profile: Risk/return profile increase: Fee increase: NO NO YES Changes to the fee structure The following changes to the fee structure of your fund will take effect on 8 December 2016: - currently the maximum management fees for your FCP are: o 0.23% for I-EUR units; o 0.23% for I-USD units; 2

o 0.23% for I-GBP units; o 0.15% for I2-EUR units; o 0.13% for O-EUR units; o 0.60% for P-EUR units; o 0.28% for R-EUR units. The GLOBAL LOW CARBON sub-fund has base share classes, with attached share sub-classes. The Base Share Class Designations section of the AMUNDI INDEX SOLUTIONS SICAV prospectus only describes the maximum management fees for the base share classes, applicable to all of the SICAV s sub-funds, namely: o 1.40% for I shares; o 1.20% for X shares; o 2.50% for A shares; o 0.5% for O shares; o 1.50% for R shares; For details of the maximum management fees applicable to the AE, IE, IU, IG, XE, OE and RE share sub-classes in the GLOBAL LOW CARBON sub-fund absorbing your units, please refer directly to the characteristics of these shares listed on your FCP s webpage: www.amundi.fr. - the maximum subscription fee will be amended from: o 10% currently for I-EUR units to maximum 2.5% for IE (C) shares; o 10% currently for I2-EUR units to maximum 5.0% for XE (C) shares; o 10% currently for I-GBP units to maximum 2.5% for IG (C) shares; o 0% currently for P-EUR units to maximum 4.5% for AE (C) shares; o 10% currently for R-EUR units to maximum 4.5% for RE (C) shares; o 10% currently for O-EUR units to maximum 5.0% for OE (C) shares; o 10% currently for I-USD units to maximum 2.5% for IU (C) shares; - if you request conversion of your shares into a different share category (which is not currently possible in the GLOBAL LOW CARBON FCP), a maximum conversion fee of 1% shall apply; - ongoing charges will be amended from: o 0.27% for I-EUR units to an estimated 0.23% after the merger with the IE (C) share class; o 0.21% for I2-EUR units to an estimated 0.15% after the merger with the XE (C) share class; o 0.20% for I-GBP units to an estimated 0.23% after the merger with the IG (C) share class; o 0.26% for P-EUR units to an estimated 0.60% after the merger with the AE (C) share class; o 0.30% for R-EUR units to an estimated 0.28% after the merger with the RE (C) share class; o 0.20% for O-EUR units to an estimated 0.13% after the merger with the OE (C) share class; o 0.25% for I-USD units to an estimated 0.18% after the merger with the IU (C) share class. For the French fund, administration fees are included in ongoing charges. For the Luxembourg sub-fund, they are also included in ongoing charges and detailed separately in the prospectus of the Luxembourg sub-fund. 3

Change in management strategy: Both your GLOBAL LOW CARBON FCP and the AMUNDI INDEX EQUITY GLOBAL LOW CARBON sub-fund aim to replicate the performance of the strategy index, the MSCI World Low Carbon Leaders (the Strategy Index ). Your GLOBAL LOW CARBON FCP has a maximum target tracking error for the change in the net asset value of the fund versus that of the Strategy Index of 2% annualised, whereas this is 1% annualised for the GLOBAL LOW CARBON sub-fund. Otherwise, the investment strategies and assets used and described in the prospectuses of the two UCITS are similar. Other changes The minimum initial subscription for P-EUR and R-EUR units in the GLOBAL LOW CARBON FCP will be lowered from one unit to a an AE (C) and RE (C) share in the GLOBAL LOW CARBON sub-fund. As of the date of this letter, the information in the Key Investor Information Document (KIID) of the GLOBAL LOW CARBON FCP no longer specifies how securities are filtered based on their carbon intensity and associated fossil fuel reserves. You will continue to find this definition in the prospectus of the absorbing fund on the page for the GLOBAL LOW CARBON sub-fund. In addition, the table comparing the weighting of the most polluting sectors in the MSCI World Low Carbon Leaders benchmark and its parent index, the MSCI World, included in the prospectus of the GLOBAL LOW CARBON FCP has been replaced by a written explanation in the GLOBAL LOW CARBON sub-fund prospectus. The aim of this new format remains to highlight the strong correlation between the MSCI World Low Carbon Leaders and its parent index. The major characteristics of your GLOBAL LOW CARBON FCP and the GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV are detailed in the table in the appendix. As your fund is being absorbed by a SICAV, as of 8 December 2016 you will become a shareholder in the GLOBAL LOW CARBON sub-fund of the AMUNDI INDEX SOLUTIONS SICAV and will therefore be able to participate and vote in general meetings, with each share having one voting right. Please refer to the Key Investor Information Document (KIID) of the GLOBAL LOW CARBON FCP on the webpage: www.amundi.fr. You can directly access the legal documents the Key Investor Information Document (KIID) and the prospectus together with additional information on the characteristics of the shares in the sub-fund of the absorbing SICAV, AMUNDI INDEX SOLUTIONS, via the webpage of your FCP: www.amundi.fr. The prospectuses of the GLOBAL LOW CARBON FCP and the AMUNDI INDEX SOLUTIONS SICAV can be obtained by written request to the relevant address listed below: 4