Charges applicable to the most common securities transactions

Charges applicable to the most common securities transactions 01.01.2016

Summary Transactions relating to BNP Paribas Investment Partners funds 3 Stock exchange orders 6 Savings certificates and bank certificates 8 Payment of coupons and capital 8 Custody accounts 10 Application of double taxation conventions 12 Corporate Actions 13 Miscellaneous 15 Cette brochure vous livre un aperçu des coûts d application pour les opérations les plus courantes chez BNP Paribas Fortis en Belgique. Si vous souhaitez des informations complémentaires, n hésitez pas à les demander dans votre agence BNP Paribas Fortis. To find out more about investments: Our investment advisers are available to present you our extensive range of investment products and to offer you professional advice. To contact one of our advisers, just call in at any BNP Paribas Fortis branch. You can also request an assessment of your current investments at your branch. For any questions relating to investments, please contact our Customer Service Department on +32 2 433 41 34 (NL) or +32 2 433 41 31 (FR) between 7 a.m. and 10 p.m. on weekdays and from 9 a.m. to 5 p.m. on Saturdays. 2

Transactions relating to BNP Paribas Investment Partners funds Subscription Category Subscription fee Stock exchange tax on entry Money Market funds (Money Market, Enhanced Cash 6m.) 0,15% Medium Term funds (Bond Euro Medium Term, Bond Euro Short Term) 0,30% Bond funds (Bond) 2,50% Equity funds (Equity) 2,50% Mixed funds 2,50% Fix- or Protect funds* 2,50% None Retirement savings funds 3,00% * Subscriptions made after the subscription period are also liable for a subscription fee payable to the sub-fund (see prospectus). Conversion The term conversion means a switch from one sub-fund to another sub-fund within the same fund BNP Paribas Fortis or the conversion of income shares to capitalisation shares (or vice versa) within the same sub-fund BNP Paribas Fortis. From a sub-fund To a sub-fund Subscription fee or conversion costs 1 Tax on stock exchange transactions 4 Money Market or Enhanced Cash 6m 0,15% Money Market or Enhanced Cash 6m Bond Euro Short Term or Bond Euro Medium Term Bond, Equity or other non-monetary sub-funds 0,30% 2,35% Bond Euro Short Term or Bond Euro Medium Term Bond, Equity or other non-monetary sub-funds Money Market or Enhanced Cash 6m 0,15% Bond Euro Short Term or Bond Euro Medium Term Bond, Equity or other non-monetary sub-funds 0,30% 2,20% Money Market or Enhanced Cash 6m 0,15% Bond Euro Short Term or Bond Euro Medium Term Bond, Equity or other non-monetary sub-funds 0,30% 1,25% Flexible Flexible 1,25% Safe Safe 1,25% If the converted shares are: capitalisation shares: 1.32% 3 income shares or shares of a collective investment fund: 0% Fix or Protect Fix or Protect 1,25% 2 1 The following rules generally apply to conversions: between non-monetary sub-funds: 1.25% (*); from a monetary sub-fund to a non-monetary sub-fund: the commission variance; to a monetary sub-fund: the commission (*). (*) Unless otherwise stated in the prospectus. 2 Subscription and exit fees payable to the sub-fund (in the event of subscription after the initial issue period or exit before redemption) are always due: see prospectus. Redemption orders at the latest net asset value of a Fix or Protect Fund are treated as a repayment transaction, and do not qualify for conversion. 3 Max. EUR 2,000. No stock exchange transaction tax on Fix or Protect fund repayments at the last net asset value. 4 Funds subject to Section II of the Act of 20 July 2004 on certain forms of collective management of investment portfolios. 3

Arbitrage The term arbitrage is understood to mean switching from one fund to another fund. If arbitrage occurs between two different BNP Paribas Fortis funds, a special rate of 1.25% is applied for a switch from one non cash sub-fund (other than Money Market and Bond Medium Term) to another non-cash sub-fund. The standard stock exchange tax due when exiting funds is applicable. Note: A beneficial rate is not permitted on the charges in favour of funds with a maturity date or funds of the "Bond Income" type (in the event of subscriptions after the initial issue period or exits before final maturity) or for arbitrage from or to a pension savings fund. Redemption orders at the latest net asset value of funds with a maturity date are treated as a repayment transaction, and do not qualify for arbitrage. Reinvestment of coupons Income from coupons on income shares in the range of BNP Paribas Investment Partners funds and intended for individual investors may be reinvested free of charge in any fund or sub-fund in the range. This does not apply to reinvestments in: Funds with a maturity date or funds of the "Bond Income" type after the initial issue period with regard to the portion of the charges paid to the sub-fund; Retirement savings funds. Subscribers may invest an additional cash total of up to EUR 1,250. Reinvestment of coupons is authorised during a period of three months as from the payment date of the coupon. Management fees These fees are included in the asset value on a daily basis and vary according to the category of fund or the type of management. Category Management fees on an annual basis Money Market funds 0.40% Medium Term Bond funds 0.50% Bond funds Equity funds 0.65%: Basic rate 0.75%: Specialised funds 1.50%: Emerging Markets 1.25%: Basic rate 1.50%: Specialised funds and Emerging Markets Mixed funds Retirement savings funds 1.00% 1.50%: Basic rate 1.75%: Specialised funds Redemption General rule: no exit fees. Exception: 1) Funds with a maturity date: redemption fees in favour of the sub-fund for funds that are sold before the final maturity date: see prospectus. 2) Funds of "Bond Income" type: redemption fees in favour of the sub-fund beyond the period of one month of the maturity date of each preceding part period. Stock exchange tax 1 : - income shares of investment companies or shares of a collective investment fund: none; - capitalisation shares of investment companies: 1.32% (max. EUR 2,000). N.B.: No stock exchange tax is payable with redemption via a fund with a maturity date at the most recent asset value. 1 Funds subject to Section II of the Act of 20 July 2004 on certain forms of collective management of investment portfolios. 4

Delivery upon subscription, conversion and arbitrage Value date Category Day of the order before 4 pm NAV announcement issued Publication of NAV in the press with date D Value date Cash funds D D + 1 D + 2 D + 3 Non-cash funds D D + 1 D + 2 D + 3 Funds of funds D D + 3 D + 4 D + 4 Fix funds D* D + 3 D + 4 D + 4 * In this case, D is considered to be the last day of the order period. 5

Stock exchange orders Broker s free on he equivalent of the order Equivalent of the order: gross amount (number or nominal x rate + interest accrued), converted into EUR. A) Shares, funds, rights, warrants and strips (charges calculated based on the overall gross total with a single brokerage order 1 ) Minimum EUR 0-10,000 EUR 10,000.01-25,000 EUR 25,000.01-100,000 > EUR 100,000 Group 1 Euronext (Brussels, Paris, Amsterdam, Lisbon) EUR 25* 1.00% 0.85% 0.70% 0.40% EUR 0-25,000 > EUR 25,000 Group 2 Athens, Dublin, Frankfurt, Helsinki, London, Luxembourg, Madrid, Milan, USA, Oslo, Stockholm, Vienna, Zurich Group 3 Johannesburg, Melbourne, Singapore, Hong Kong, Tokyo, Copenhagen, Montreal EUR 50* (EUR 25 for warrants) EUR 75* (EUR 25 for warrants and option rights) 1.20% 1.10% 1.40% 1.30% *Minimum of EUR 2.5 for strips, allocation and subscription rights. Orders placed via Phone banking: 20% discount on brokerage, also on minimum. Orders placed via PC banking: 40% discount on brokerage, also on minimum. B) Bonds (charges calculated based on the overall gross total with a single brokerage order) 1 Minimum EUR 125,000 > EUR 125,000 Maturity date < 1 year EUR 25 0.30% 0.30% Maturity date > 1 year EUR 25 0.50% 0.30% 1 For partial executions, the tariff will be applied on the total amount of the orders executed on the first day. The executions of the following days will be charged at the normal cost, but without applying the minimum broker's fee. 6

C) Public placement Fixed charge All amounts Savings Certificates and BNP Paribas Fortis Certificates EUR 5 0.70% Warrants, rights and strips EUR 5 0.70% Minimum All amounts Others EUR 25 1.00% Taxes Stock exchange tax 1 0.27% for shares (max. EUR 800). 0.09% for bonds, distribution funds of investment companies and shares of a collective investment fund (max. EUR 650). 1.32% for capitalisation funds of investment companies (max. EUR 2,000). Value date Statement drawn up on day order is carried out. The value date varies according to stock exchange location. Most foreign exchanges trade at D + 2 trading days, with a few exceptions. 1 Funds subject to Section II of the Act of 20 July 2004 on certain forms of collective management of investment portfolios. 7

Savings certificates and bank certificates A) Tax No stock exchange tax (emission). Custody account management fee: none. B) Direct repurchase by BNP Paribas Fortis BNP Paribas Fortis can repurchase the savings certificates at any time. Charges: EUR 5.00 + 0.25% of the capital and the inccured interests. Payment of coupons and capital Securities held in Custody Account A) Costs (Calculation basis: gross amount in Belgium) If... Belgian securities (except for securities listed below) Security held with BNP Paribas BNP Paribas Fortis Group Security not held with BNP Paribas Fortis Group Belgian security held exclusively at the registered office of the (non-banking) issuing institution then... free free Coupons: 3.63%, minimum EUR 0.05 and maximum EUR 6.05 Securities: EUR 6.05 fixed charge 7.26% Minimum EUR 18.15 Maximum EUR 302.50 Note: - Amounts including VAT. - Payment of coupons relating to securities issued by a trust company (also known as junior certificates) may be subject to fiduciary costs that vary depending on the rates charged by the trust company. B) Value date The value date is always the maturity date if this is a banking day. If the maturity date falls on a public holiday, the account will be credited with the value date on the first banking day after this public holiday. 8

Securities surrendered at counter A) Costs (Calculation basis: gross amount in Belgium) For securities Redemption of securities and payment of Belgian coupons Payment of foreign coupons Redemption of foreign securities Held* with the BNP Paribas Fortis Group Free Free Free Not held with the BNP Paribas Fortis Group (remitted at the counter at least 10 calendar days before the maturity date) Free 3.63% Min. EUR 9.08 Max. EUR 30.25 Fixed charge EUR 9.08 Not held with the BNP Paribas Fortis Group (remitted at the counter less than 10 calendar days before the maturity date) Only held with the registered office of the issuing institution (not a bank) Remittance in the form of dividend cheques from a foreign organisation or a foreign bank Free 7.26% Min. EUR 18.15 Max. EUR 302.50 3,63% Mini. EUR 9.08 Max. EUR 30.25 Fixed charge EUR 30.25 2.42% with a minimum of EUR 15.13 and a maximum of EUR 151.25. * Securities for which BNP Paribas Fortis Group is paying agent or main paying agent. Note: - Amounts including VAT. - Payment of coupons relating to securities issued by a trust company (also known as junior certificates) may be subject to fiduciary costs that vary depending on the rates charged by the trust company. B) Value date For remittance At least 10 calendar before the maturity date Less than 10 calendar days before the maturity date After the maturity date Belgian securities Foreign securities issued by the BNP Paribas Fortis Group or for which the BNP Paribas Fortis Group is the "principal paying agent" Maturity date Maturity date Date of presentation Other securities Maturity date + 2 banking days Remittance date + 10 banking days Remittance date + 10 banking days Note: If the value date is not a banking day according to the above table, the actual value date shall be the next banking day. 9

Custody accounts Custody fees and dossier charges Amounts including VAT. Dossier fee (fixed): EUR 2,12 per quarter; No dossier fees if all the securities deposited are exempt from custody fees. Custody fees Free securities 2 Government Bonds, Bonds and Notes Shares and other securities 3 Percentage 0% 0.15125% 1 0.242% 1 Minimum per item - EUR 1.21 per quarter 50% reduction in custody fees for each item for the portion exceeding: EUR 72.60 per quarter 1 On an annual basis. Custody fees are calculated for each quarter according to: - the price on the last trading day in the quarter for the quoted shares. - on the basis of the intrinsic value calculated on the basis of the last balance sheet published for shares of companies which are not quoted on the stock market. Custody fees and dossier charges are debited annually, in mid-january of the following year. The value date of the payment is the statement date + 5 business days. Exceptions - Loans in batches: 0.4235% on annual basis with a minimum of EUR 1.21 per quarter. - Registered certificates and linear bonds held by customers who are in exempt in the National Bank clearing system: 0.0605% with a maximum of EUR 15.13 per quarter. - The securities have surveillance statuses of to be settled, to be collected and to be exchanged : 0.4235% on an annual basis, with a minimum of EUR 1.21 per quarter. 2 Free securities: - BNP Paribas Fortis Group securities (including Banque de la Poste/Bank van de Post); - BNP Paribas shares and bonds; - BNP Paribas funds: Parvest, Parworld, BNP Paribas Investment Partners; - Rights and strips; - Solvay shares and Ageas shares; - Non-quoted shares whose issuing company designated BNP Paribas Fortis as head of the pyramid (Issuing account). 3 Other securities: - Precious metals, real estate certificates, warrants, "Pricaf" securities and funds other than BNP Paribas Fortis Group funds. 10

Transfer from a Custody Account Charge per line: Transfer to another BNP Paribas Fortis Custody Account in Belgium: free. Transfer to a custody account at BGL BNP Paribas: free of charge; Other transfers: EUR 75,00 VAT included. Withdrawal from a Custody Account Withdrawals are only possible for the following values: nominal certificates and precious metals. Charges: EUR 30.25 VAT included. Custody Account Insurance Annual premium EUR 14.80, collected by direct debit on 15/11; Risk insured Accidental death of the insured holder or joint holder of the custody account. Assets insured All securities deposited in a custody account. The retirement savings scheme of the insured and/or his/her spouse. The Investor s Account (if linked to a custody account). Amounts insured Indemnity equal to a percentage of the assets insured on the date of death. The percentage is: - 35% if the insured is less than 70 years of age on the day of the accident; - 20% if the date of the accident is between the insured's 70th birthday and the day previous to the insured's 85th birthday; - 10% if the date of the accident is between the insured's 85th birthday and the day previous to the insured's 95th birthday; - 5% if the insured is 95 years of age or over on the day of the accident*. With: - a minimum of EUR 2,500 per custody account insured; - a maximum of EUR 62,000 per custody account insured; - a maximum of EUR 124,000 per person insured. The general terms and conditions of the "Custody account Insurance" policy are available at your branch. 11

Application of double taxation conventions Custody account covered by convention If... The securities originate from the following countries: - United States - Canada - Australia - Finland - France * - Norway - Sweden - New Zealand If... And the amount of the foreign dividend is higher than The securities originate from the following countries: - Germany EUR 1,750 - Austria EUR 1,000 - Denmark EUR 1,000 - Switzerland EUR 500 then... Dividends are paid directly with the reduced withholding tax rate apllied (in application of the convention). This service is free. then... The tax is recovered after the payment is made (unspecified period). Charge: EUR 60.50 per item VAT included. * Subject to the availability of a valid statement of domicile for the year of the dividend payment. Failing such, taxes will be recovered afterwards at the standard rate (only for dividends over EUR 1,000). Securities remitted at counter Relates to French securities only. Subsequent recovery: - EUR 90,75 per item VAT included. - Minimum dividend total: EUR 1,500. 12

Corporate Actions All the charges set out below include VAT. Corporate actions such as exchanges, allocations, optional dividends, subscriptions in return for fees etc. (this list is not exhaustive). - Commission of 0.61% on the amount (counter-value of securities where applicable) obtained following the transaction, with a minimum of EUR 4.24 and a maximum of EUR 15.13. Exceptions to the last two items: These transactions are free of charge if they are domiciled at BNP Paribas Fortis as well as if they relate to securities issued by a member of the BNP Paribas Fortis Group. Split or consolidation transactions involving reclassification. Name changes (without changing the ISIN code). - Transactions involving purchase or sale of securities (shares, rights etc.) are subject to standard stock exchange order charges. - For transactions carried out abroad with physical delivery of old securities, the fees payable to our foreign correspondent must be added where applicable. - Various taxes: vary according to the transaction and the country of origin of the securities. Other corporate actions and investigations A) Blocking securities for participation in a general meeting - Free if the transaction is carried out with a bank in Belgium. - EUR 18 per item if the transaction is not carried out with a bank in Belgium. B) Registration of Belgian securities (including delivery of certificate) EUR 48.40. C) Converting Belgian registered securities into dematerialized shares EUR 24.20. 13

D) Certificate of custody account valorisation EUR 100,00 E) Special transactions (transactions with registered securities, converting foreign securities to registered securities etc.) Extensive research at EUR 75.02/hour. 14

Miscellaneous Foreign exchange charges: Foreign exchange charges are payable on all foreign curerency orders settled in euro. For all information on this matter, please contact your branch. Advantages: In its capacity as distributor, BNP Paribas Fortis may receive commissions from its suppliers: - Between 0% and 60% of the management fee for third-party funds; - Between 55% and 75% of the management fee for BNP Paribas funds; - A maximum annual recurring commission of 1% of the nominal value for distribution and promotion in the case of the structured products (notes). More detailed information is available on demand by letter sent to: BNP Paribas Fortis, Complaints management Montagne du Parc 3, B-1000 Brussels, Fax: +32 2 228 72 00 BNP Paribas Fortis may also receive training from its suppliers in order to improve the quality of its customer service. 15

Advice? Information? Financial transaction? BNP Paribas Fortis is here for you. Kantoren Telefoon Visit your branch (by appointment, Mo Fr to 7pm; Sa 9 noon) Call us on 02 261 11 11 (Mo Fr, 7am 10pm; Sa 9am 5pm) Visit www.bnpparibasfortis.be (24/7) Internet GSM Visit our mobile website bnpparibasfortis.be/easybanking (24/7) BNP Paribas SA/NV is subject to the prudential supervision of the National Bank of Belgium, boulevard de Berlaimont 14, 1000 Brussels and the supervision on investor and consumer protection of the Financial Services and Markets Authority (FSMA), rue du Congrès 12-14, 1000 Brussels and authorised as insurance agent under FSMA number 25.879 A. BNP Paribas Fortis SA/NV Montagne du Parc 3, 1000 Brussels RPM/RPR Brussels VAT BE0403.199.702 FSMA n 25.879 A AG Insurance sa/nv Bd E. Jacqmain/ E. Jacqmainlaan 53 1000 Brussels RPM/RPR Brussels VAT BE0404.494.849 E.R./V.U.: Ann Moenaert, BNP Paribas Fortis SA/NV, Montagne du Parc 3, 1000 Brussels 030945269709 DS3470 10/2015