Disclaimer

ODDO BHF AM is the asset management division of the ODDO BHF Group. It is the common brand of four legally separate asset management companies: ODDO BHF AM SAS (France), ODDO BHF PRIVATE EQUITY (France), ODDO BHF AM GmbH (Germany) and ODDO BHF AM Lux (Luxembourg).

This document has been drawn up by ODDO BHF ASSET MANAGEMENT SAS for all market communication. Its goal is to present the ODDO BHF AM brand. Its investor communication is the responsibility of each promoter, distributor or advisor. Potential investors are invited to consult an investment advisor before investing in a strategy. Investor s attention is drawn to the fact that all strategies are not authorised in every country. Should they decide to invest, investors are invited to acquaint themselves with the detailed nature of any risks incurred, in particular the risk of capital loss. The value of the investment may vary both upwards and downwards and may not be returned in full. The investment must be made in accordance with investors investment objectives, their investment horizon and their capacity to deal with the risk arising from the transaction. ODDO BHF AM SAS cannot be held responsible for any direct or indirect damages resulting from the use of this document or the information contained in it. This information is provided for indicative purposes and may be modified at any moment without prior notice. Investors are reminded that past performance is not a reliable indication of future returns and is not constant over time. Any opinions presented in this document result from our market forecasts on the publication date. They are subject to change according to market conditions and ODDO BHF AM SAS shall not in any case be held contractually liable for them.

From January 3, 2018, when ODDO BHF ASSET MANAGEMENT provides investment advisory services, please note that it s always on a non-independent basis pursuant to the European Directive 2014/65/EU (so-called MIFID II Directive ). Please also note that all recommendations made by ODDO BHF ASSET MANAGEMENT are always provided for diversification purposes.

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