EDM Strategy Fund

EDM Strategy FundGrowth & low volatilityEuropean Equities since 1995

This document is reserved for professional investors only as defined by the MIFIDJune 2012

IndexEDM Strategy Fund

1- Fund´s Performance2- Investment Philosophy3- Portfolio4- Performance over the crisis5- Fund Managers6- European Equities7- About EDM Asset Management8- Summary

2

Fund’s Performance

3

EDM Strategy Fund Fund’s Performance

Higher return and lower volatility

Year EDM STRATEGY STOXX 50 Relative Performance

2000 15,83% 1,88% 13,95%2001 -8,55% -18,66% 10,11%2002 -34,36% -35,05% 0,69%2003 2,35% 10,50% -8,16%2004 6,96% 4,30% 2,66%2005 23,96% 20,70% 3,26%2006 15,98% 10,39% 5,59%2007 2,55% -0,36% 2,91%2008 -28,74% -43,43% 14,69%2009 25,50% 24,06% 1,43%2010 11,88% 0,04% 11,84%2011 -5,00% -8,39% 3,39%2012 4,07% -6,24% 10,31%

Total Return 11,01% -52,40% 63,41%

Annual Return 0,84% -5,80% 6,64%

Annualized Volatility 12,76% 16,29% -3,53%

4All EDM return data are expressed in euros and are stated net of expenses and fees.Each Set of comparisons takes into account: a) Retail class at fund level (the one with the highest charge). b) Price returns at Indice level (ex dividends)

Fund’s PerformanceEDM Strategy Fund

5Stoxx 50 has been selected due to its high concentration (50 weights) in European Equities, including relevant countries such as Switzerland and the UK.

Consistent Alpha generation in both bear and bull markets

Each Set of comparisons takes into account: a) Retail class at fund level (the one with the highest charge). b) Price returns at Indice level (ex dividends)

EDM Strategy

Stoxx 50


Beating all the main european indices

EDM Strategy

6

Each Set of comparisons takes into account: a) Retail class at fund level (the one with the highest charge). b) Price returns at Indice level (ex dividends)


Ranking 2011: 35 / 345 EU Equity Funds

Ranking Allfunds Bank:

Rating Lipper:

Ratings & Ranking

5 YEARS 3 YEARS 1 YEAR VOLATILITYEDM Strategy Sicav -3,3% 39,7% -0,8% 13,8%European Equity Funds -26,0% 35,7% -8,1% 19,2%Data as of: 30.04.2012

Investment Philosophy

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EDM Strategy Fund Investment Philosophy

Portfolio construction

• Long-only traditional investment style (bottom-up)

• Stock picking. No benchmarking (low overlapping against its benchmark)

• Long-term investment horizon (5 years on average)

• Low turnover (15% average for the last 6 years)

• High liquidity (92% of the portfolio can be sold within one trading day)

• Restricted investment universe: only 100 companies globally

• Concentrated portfolio, maximum 30 companies

• Always fully equity invested (competition among stocks)

• European currency diversification (EUR, GBP, CHF, DKK)

• 100 % currency hedged (we do not predict currency fluctuations)9


Stock picking methodology

• Demanding criteria: High quality of the business (Average Portfolio ROE=31%)

• Sustainable EPS growth (5Y Average EPS growth= 11%)

• Low debt balance-sheet (Average Net Debt/EBITDA = 0,9)

• Recurrent and solid cash-flows

• Focus on understandable and predictable businesses at reasonable prices

• Management quality & integrity are crucial for us

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How do we manage to obtain such a low volatility?

• Following certain long-term Macro-trends:

Economic hub shifting from West to East

Transformation of world demographics

• Lack of sectors whose profits are not easily foreseen:

Banking & InsuranceCyclical sectorsRegulated tariffsCommoditiesHigh leveraged sectors

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-30%

-20%

-10%

0%

10%

20%

30%

40%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012e

EDM Strategy DJ Stoxx 50

∆ EPS EDM Strategy: +12,1% CAGR∆ EPS DJ Stoxx 50: + 3,5% CAGR

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Over the last three years, our profit growth forecasts for EDM Strategy companies have barely deviated from their eventual full-year results. This is particularly significant, as our investment strategy is based on the profits of our selected companies:

2009 2010 2011EDM forecast at year start 8.30% 8.70% 11.90%Reported result at year end 9.10% 8.30% 12.30%

-0.80% 0.40% -0.40%

* 2012 Profit growth forecast is +11%

13

Portfolio

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EDM Strategy Fund Portfolio

31-dic-11 (1) (2) (3) (3) (4) (5)2011-2016 Dividend

ROE EPS Growth P/E 2011 P/E 2012 PEG YieldAGGREKO PLC 30% 11,0% 23,3 20,3 2,12 1,1%AIR LIQUIDE SA 17% 11,0% 17,6 16,6 1,60 2,5%ALSTOM 11% 13,0% 5,6 6,9 0,43 6,0%BOLSAS Y MERCADO 34% 8,0% 11,0 10,9 1,38 9,5%BRENNTAG AG 16% 12,0% 11,8 11,2 0,98 1,9%CAPITA GROUP PLC 49% 10,9% 12,8 11,9 1,18 3,6%CHRISTIAN DIOR 18% 9,0% 13,4 11,8 1,49 2,4%COLOPLAST-B 46% 15,0% 16,3 14,8 1,09 0,0%DANONE 17% 10,0% 161,0 15,2 1,61 2,7%ESSILOR INTL 16% 15,0% 21,9 19,7 1,46 1,5%EUTELSAT COMMUNI 22% 10,0% 22,0 15,0 2,18 2,5%GRIFOLS SA 18% 15,0% 20,3 15,5 1,35 0,0%INDITEX 30% 10,0% 20,6 18,3 2,06 2,5%INTERTEK GROUP 33% 10,0% 19,5 16,6 1,95 1,6%LINDT & SPRUE-PC 15% 10,0% 26,1 23,5 2,61 1,6%NOVO NORDISK-B 40% 11,5% 22,8 20,0 1,98 1,5%RECKITT BENCKISE 35% 10,5% 13,1 12,9 1,25 4,2%ROCHE HLDG-GENUS 103% 7,5% 11,6 11,5 1,54 4,1%SAP AG 20% 11,5% 15,1 13,6 1,32 1,5%SODEXO 17% 10,0% 16,9 15,2 1,69 2,4%STRAUMANN HLDG-R 20% 15,0% 20,7 21,0 1,38 1,2%TALKTALK TEL 9% 10,0% 8,5 7,8 0,85 5,3%TELEFONICA 44% 4,0% 9,2 8,5 2,31 11,4%TEMENOS GROU-REG 16% 15,5% 12,3 11,8 0,80 0,0%TESCO PLC 17% 10,0% 11,2 10,3 1,12 4,1%WINCOR NIXDORF 32% 10,0% 9,9 9,5 0,99 4,9%TOTAL 31% 11,0% 13,9 12,9 1,27 3,1%

Source: Bloomberg

(1) Profit after taxes/ Equity(2) EDM estimates for 5 years CAGR(3) EDM & Bloomberg data(4) (3) / (2)(5) Dividend/Price

Roche 6,99%Tesco 6,49%Danone 6,31%Capita Group 5,93%SAP 5,73%Grifols 5,19%Eutelsat 4,10%Brenntag 4,07%BME 4,03%Coloplast 3,75%

PORTFOLIO TOP HOLDINGS

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Companies Description

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Market Cap

Currency

Sector

CHF15%

DKK8%

GBP 24%

EUR53%

Consumer goods 4%

Pharma 16%

Medical Devices 11%

Chemicals Distribution

8% Food 8%

IT 8%

Retail10%

Specialised industries

9%Services24%

Switzerland 15%

Germany 14%

Denmark 8%

Spain 16%

France 22%

Great Britain 24%

Country

Giant40%

Large13%

Mid43%

Small4%


European companies but Global exposure

Companies Europe EEUU Emerging

AGGREKO 13% 20% 67%AIR LIQUIDE 55% 21% 23%ALSTOM 45% 12% 43%BME 100% 0% 0%BRENNTAG 51% 32% 17%CAPITA 100% 0% 0%CHRISTIAN DIOR 35% 22% 43%COLOPLAST 73% 17% 10%DANONE 46% 9% 45%ESSILOR 38% 40% 22%EUTELSAT 69% 13% 18%GRIFOLS 44% 34% 22%INDITEX 77% 12% 12%INTERTEK 29% 33% 38%LINDT 67% 28% 5%NOVO NORDISK 31% 39% 30%RECKITT BENCKISER 45% 30% 25%ROCHE 35% 37% 28%SAP 50% 26% 24%SODEXO 44% 39% 17%STRAUMANN 60% 22% 17%TALK TALK 100% 0% 0%TELEFONICA 57% 0% 43%TEMENOS 34% 7% 59%TESCO 69% 1% 32%WINCOR NIXDORF 80% 8% 12%

TOTAL PORTFOLIO 50% 20% 30%

Global exposure sales

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Economic hub shifting from West to EastEconomic hub shifting from West to East

Crisis in the Western economic model.Crisis in the Western economic model.

Economic globalisation.Economic globalisation.

Improving economic conditions for emerging economies.Improving economic conditions for emerging economies.

Transformation of world demographicsTransformation of world demographics

Global climate change. Incorporation of economic sustainability

Global climate change. Incorporation of economic sustainability

Low-Cost model prevailing.Low-Cost model prevailing.

Globalisation of the Western lifestyle.Globalisation of the Western lifestyle.

Changing population pyramids in emerging countries.Changing population pyramids in emerging countries.

Ageing populations in developed countries.Ageing populations in developed countries.

Growing dependency on telecommunications.Growing dependency on telecommunications.

Business models seek efficiency / Mechanisation of traditional industry.Business models seek efficiency / Mechanisation of traditional industry.

Deleveraging of governments, businesses and individuals.Deleveraging of governments, businesses and individuals.

Outsourcing of services.Outsourcing of services.

Increased international conflicts.Increased international conflicts.

Globalisation of markets.Globalisation of markets.

Sophistication of consumer trends.Sophistication of consumer trends.

Implementation of new technologies. Implementation of new technologies.

Growing healthcare spending.Growing healthcare spending.

Growing demand for nutritional diets.Growing demand for nutritional diets.

Transformation of the energy model.Transformation of the energy model.

Streamlining of raw materials consumption.Streamlining of raw materials consumption.

MACROTRENDS TRENDS MICROTRENDS

Waste and emissions management.Waste and emissions management.

COMPANIES

INDITEXINDITEX

CAPITA, SAP, SODEXOCAPITA, SAP, SODEXO

CHRISTIAN DIOR, RECKITT BENCKISER, LINDT&SPURGICHRISTIAN DIOR, RECKITT BENCKISER, LINDT&SPURGI

TELEFONICA, EUTELSAT, TALK TALKTELEFONICA, EUTELSAT, TALK TALK

INTERTEK, BOLSAS Y MERCADOS, KUEHNE&NAGEL, DSVINTERTEK, BOLSAS Y MERCADOS, KUEHNE&NAGEL, DSV

WINCOR, AIR LIQUIDE, BRENNTAG, TEMENOSWINCOR, AIR LIQUIDE, BRENNTAG, TEMENOS

ROCHE, STAUMMAN, GRIFOLS, ESSILOR, COLOPLAST, NOVO NORDISKROCHE, STAUMMAN, GRIFOLS, ESSILOR, COLOPLAST, NOVO NORDISK

TESCOTESCO

DANONEDANONE

ALSTOM, AGREKKOALSTOM, AGREKKO

Following Macrotrends

19

Performance over the crisis period

20

EDM Strategy Fund Performance over the crisis period

EDM Strategy vs. Stoxx50 since the beginning of the crisis (performance)

-58%

+34%

-38%+45%

EDM Strategy

Stoxx 50- 40%

- 7 %

21


EDM Strategy vs. Stoxx50 since the beginning of the crisis (volatility)


EDM Strategy vs. Competitors since the beginning of the crisis (performance/volatility)

23

EDM

EDM

EDM

EDM

Allianz

Franklin

BestinverInvesco

LFP

Fidelity

CategoryAgressor

Carmignac

Tocqueville

Stoxx

Euro Stoxx

EDM EDM

Fund/ Benchmark/CategoryAnnualized

Return Volatility

EDM Strategy -0,81 13,76Carmignac Portf Grande Europe A -5,18 15,80LFP Europe Impact Emergent R -3,57 16,56Franklin European Growth A 0,49 16,14Invesco European Growth A -2,23 16,21Tocqueville Value Europe P -6,44 16,64Fidelity European Dynamic Grth A -2,59 19,04Allianz RCM Europe Eq Growth AT 4,27 19,54Agressor -3,27 23,01Bestinver Internacional -1,65 23,06STOXX 50 -10,19 17,87EURO STOXX 50 -13,69 21,77Europe Large-Cap Growth Equity Category -3,69 17,58

Fund Managers

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EDM Strategy Fund Fund Managers

Ricardo Vidal, 42. CO-CIO Consumption Sector SpecialistHolds an MBA from ESADE University (Barcelona). Worked at Banco Vitalicio (Insurance Company) and Gesindex SGIIC (Financial Services) from 1993 until 1997. Holds the Certified of European Financial Analyst (CEFA). Joined EDM in July 1997. He is currently a Board Member of EDM Gestión, SGIIC. EDM partner since 2005.

Adolfo Monclús, 38. CO-CIO. Retail, Business Services and TMT´s Sector SpecialistGraduated in Business Administration by the Universitat Internacional de Catalunya & in Economics Finance by Bentley College (USA). Holds an International MBA from Instituto de Empresa (Madrid). Worked at Argentaria and BBVA in the Mid-Corporate Banking area. Joined EDM in July 2005 after finishing his MBA. EDM partner since 2010.

Beatriz López, 34. Fund Manager & analystMedical, Food and Insurance SpecialistGraduated in Economics from Universitat Pompeu Fabra (UPF) in 1999, followed by a Masters Degree in Finance from CEMFI (Bank of Spain) in 2001. Holds the Chartered Alternative Investment Analyst (CAIA) by the CAIA Association. She started her career at Banco Sabadell where she became Senior Equity Analyst. Joined EDM in 2007. EDM partner since 2011.

Juan Grau,66EDM Inversión Fund ManagerSpanish Stocks Specialist

Business education. Graduate in business Management from IESE, Graduate in Financial Analysis and Tax from EADA and Analysis and Budget Control form TEA-CEGOS. He worked in several industrial companies as CFO during 16 years. Partner and Founder, in 1989, of EDM Group. He is currently Chairman of EDM Gestión, SGIIC and a Board Member of EDM Holding.

Gonzalo Cuadrado,41Fund Manager & analystPharmacy, construction and infrastructure Sector Specialist

Graduated in Economy by UB. Holds a Master in Finances by the IEF, the CEFA, the CIIA and the CAIA. Holds the “Certificado de Experto en Valoración de Empresas”(CEVE) by IEAF. Worked as a fund manager and analyst in CaixaPenedès. Analyst and asset manager in EDM since 2004. EDM partner since 2010.

Alberto Fayos,39Fund Manager & analystSpecialised industries and Financials Sector Specialist

Holds a Bachelor in Actuarial and Finances and a Degree in Statistics from University of Barcelona (UB) . Holds the CEFA Certified. Worked at GaescoGestión SCIIC from 1997 until 2005. Worked at Banc Sabadell Gestión SGIIC from 2006 until 2009. Joined EDM in March 2009 as an Analyst and Portfolio Manager.

• No distinction between analyst & portfolio manager

• Collective discussion & Individual decision

• Investment Team over the last 6 years: Non-existent staff turnover

Fund ManagersEDM Strategy Fund

In 1995 EDM entrusted the management of its EDM Strategy Fund to the asset management group Comgest, under the same principles that govern the fund today. One of the current fund managers, Ricardo Vidal, joined EDM in 1997 where he spent nine years monitoring the companies that Comgest included in the fund. In 2005 the EDM Investments Team began taking an active role in managing the fund, and ultimately Comgest officially ceased to supervise the fund in 2009. Since then it has been managed exclusively by EDM Asset Management.

26

European Equities

27

EDM Strategy Fund European Equities

European Equities valuation reaching 30 years low

P/E

28Source: SocGen


Divergences between profits and prices during 2010 & 2011

29Source: Bloomberg


P/E Ratios USA vs. Europe

USA EUROPE

S&P500Walmart Procter & GambleGeneral ElectricPraxairCMECoachATT

13,5x12,6x16,9x13,0x19,0x16,4x20,7x13,5x

Stoxx600TescoReckitt BenckiserAlstomAir LiquideBMETod’sTelefónica

11,3x9,5x

14,5x9,2x

17,6x11,5x18,2x

8,5x

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About EDM Asset Management

31

EDM Strategy Fund About EDM Asset Management

• 23 Years´s experience: founded in 1989

• Leading independent manager in Spain: AUM € 1.3 bn

• 400 M€ AUM in european equity portfolios

• Independent: - Fully owned by the Group´s Management- Focused exclusively on Asset Management

1.273 M€

0100200300400500600700800900

1.0001.1001.2001.300

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011

2012 (Abr)

AUM

32


Regulated companies in three European domiciles

Company

Country

Service

EDM HOLDING, S.A.

EDM SERVICIOS FINANCIEROS

S.A. AV

EDM GESTIÓN S.A. SGIIC

EDM FUND MANAGEMENT, S.A.

EDM ASSET MANAGEMENT, Ltd

Discretionary Domestics Funds International Fuds Fund of Management SICAV SICAV Hegde Funds

SPAIN Since 1989

SPAIN Since 1989

LUXEMBOURG Since 1990

IRELAND Since 1999

100%

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Our Principles

• Independence:Interests aligned with those of the investor

Capital held by the executive team

• Experience:Highly experienced executive team

Very low staff turnover

• Differentiation:Investment based on fundamentals

Traditional management style

•Transparency:Information that can be understood by investors

Reports audited since 1989

• Solvency:Assets deposited at banks

Equity in excess of requirements

• Continuity:23 years in asset management

Corporate governance: independent directors

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EDM Senior Managers

Eusebio Díaz-Morera, 66EXECUTIVE CHAIRMAN

Graduated in Economy from Barcelona University and MBA from IESE (Barcelona). Before founding EDM in 1989, he was General Director of PAS (Fund Management and Corporate Finance), Chairman of Caja de Barcelona (Savings Bank), Chairman of Banca Catalana, and Chairman of Tunel del Cadí (tollway concession)

Antonio Estabanell, 52CEO

Holds an MBA from ESADE University (Barcelona). Worked at KPMG and two international food companies in the Financial Area. Joined EDM in 1990 and since then has been involved in all investment management activity within the company. Until 2010 he was the Managing Director and CIO.

Luis Fortuny , 45 HEAD OF BACK-OFFICE & COMPLIANCE

Graduated in Economics and Finances from UAB. In 2006, he received a BA degree in PDD from IESE Business School. He was working at SONY from 1990 to 2000 as Accounting Manager and Control Manager. He was Senior Consultant at Cap Gemini Ernst & Young. He was also Finance Director at Baker & Mc Kenzie (Law firm). He joined EDM in 2008.

Javier Prada, 62DIRECTOR

Graduated in Law, he holds a Master in Finance (University of Paris). He started his career in Banif Private Bank (Santander) where he was Regional Manager and Former Managing Director. In 1991 he joined Indosuez-Credit Agricole where he was Private Banking General Manager and Regional President. He joined EDM in 2005.


EDM performance with other asset types

Spanish EquitiesEDM Inversión

All EDM return data are expressed in euros and are stated net of expenses and fees.

Credit Short Duration (Investment Grade)EDM Ahorro

Year EDM AHORRO INFLATIONRelative

Performance2000 2,39% 2,48% -0,09%2001 4,49% 2,05% 2,45%2002 2,19% 2,28% -0,09%2003 2,22% 1,97% 0,25%2004 1,61% 2,36% -0,75%2005 1,18% 2,22% -1,05%2006 0,01% 1,92% -1,91%2007 1,58% 3,07% -1,49%2008 3,15% 1,58% 1,56%2009 6,94% 0,93% 6,01%2010 1,73% 2,21% -0,48%2011 2,00% 2,01% -0,01%

Total Return 33,60% 28,10% 5,50%

Annual Return 2,44% 2,10% 0,34%


YearEDM

INVERSIONIBEX 35

Relative Performance

2000 -5,87% -21,75% 15,9%2001 -0,90% -7,82% 6,9%2002 -10,81% -28,11% 17,3%2003 24,95% 28,17% -3,2%2004 23,59% 17,37% 6,2%2005 23,91% 18,20% 5,7%2006 38,46% 31,79% 6,7%2007 1,49% 7,32% -5,8%2008 -37,15% -39,43% 2,3%2009 26,84% 29,84% -3,0%2010 -9,00% -17,43% 8,4%2011 -6,10% -13,11% 7,01%

Total Return 52,41% -26,42% 78,83%

Annual Return 3,57% -2,52% 6,09%


36


EDM performance with other asset types

FUND CATEGORY20 Years RETURN

15 Years RETURN

10 Years RETURN

7 Years RETURN

3 Years RETURN

2 Years VOLATILITY

2012 RETURN

Inception Date ISIN

EDM Strategy Europe Equity Large Cap 241,68 81,18 0,70 40,15 28,54 11,28 4,04 31/10/1995 LU0028445327EDM Ahorro Euro Corporate Credit 115,95 48,55 25,23 17,64 9,29 1,81 1,62 01/04/1991 ES0168673038EDM Inversión Spanish Equity 331,87 170,68 63,37 18,62 6,94 17,25 -10,87 01/04/1991 ES0168674036EDM Renta Euro Fixed Income 47,62 23,82 16,27 4,10 0,63 1,00 22/12/1994 ES0127795039EDM American Growth (USD) US Equity Large Cap Growth -24,22 3,19 45,70 12,58 12,92 31/05/1999 LU0095539242EDM Cartera Global Equity Large Cap 10,09 11,60 -0,26 11/07/2008 ES0128331008EDM American Growth (EUR) US Equity Large Cap Growth 41,91 18,24 7,76 10/09/2008 LU0388590050EDM Credit Portfolio A (EUR) High Yield Fixed Income 43,65 7,89 4,76 08/10/2008 LU0028445590EDM Emerging Markets Emerging Markets Equity 12,72 1,77 21/12/2009 LU0051440435EDM High Yield Short Duration High Yield Fixed Income 2,70 06/10/2011 LU0146855530EDM Credit Portfolio (USD) High Yield Fixed Income -2,29 15/04/2012 LU0761040426

37All EDM return data are expressed in euros and are stated net of expenses and fees.

Summary

38

EDM Strategy Fund Summary

10 reasons for investing in EDM Strategy Sicav

1. Consistent returns above benchmark (+6% annual outperformance)2. Very small volatility for an equity fund (-4% annual bellow benchmark)3. Excellent relative performance throughout the financial crisis (2007-2011)4. Stable investment philosophy all over 23 years5. Unique and tested investment process developed by an experienced management team6. Very high quality (ROE) and liquid concentrated portfolio7. Defensive strategy: focus on "ensured growth" without leveraged or cyclical sectors8. Portfolio valuation at historial minimum levels9. Poor overlapping and low correlation with other fund managers10. Complementary with other equity styles

39

EDM Strategy Fund Summary

CURRENCY Euro IDENTITYNAV 267,66 € EUTD - 15% ThresholdFUND AUM 66.300.000 € German Tax TransparencyEUROPEAN PORTFOLIO AUM 405.000.000 € UCITSINCEPTION DATE 01.01.1995 LEGAL STRUCTURE LU - SICAV - Part 1MANAGEMENT FEE (Private) 2,50% INCOME DISTRIBUTION RetainedMANAGEMENT FEE (Institutional) 1,25% (in process)Min: 500.000€CUSTODIAN FEE 0,20% EU TAX DIRECTIVETOTAL EXPENSE RATIO 2,79% Eu Tax Directive Start Date 01/05/2011FUND MANAGERS Ricardo Vidal & Beatriz López Eu Tax End Date 30/04/2012MANAGER EDM Fund Management Eu Tax Directive Status In Scope-No TaxCUSTODIAN RBC Dexia Eu Tax Directive 15% Threshold YesAUDITOR Deloitte, S.A. Eu Tax Directive 40% Threshold NoDOMICILE Luxembourg Prospectus vs Asset Allocation NoDEALING Daily NAV Taxable Interest Income Accrued NoCATEGORY European Equities Dividend Taxable Interest Incime Accrued NoHOLDING BASED CLASSIFICATION Europe Multi-Cap GrowthMORNINGSTAR CLASSIFICATION Europe Large-cap Growth DISTRIBUTION PLATFORMSLIPPER CLASSIFICATION Equity Europe Allfunds Bank

Inversis BancoCOUNTRIES REGISTERED FOR SALE MFEXLuxembourg KBLSpain ("Traspasable") RBC Dexia España

CROSS REFERENCES CROSS REFERENCESISIN LU0028445327 F&E FUND CODE 2550ISIN CURRENCY CLASS LU0028445327.EUR F&E GROUP CODE 727BLOOMBERG EDMISFI LX FT MEXLD LXEDISREUTERS 002844532X.LU HOLDINGS LOADING ID LU6081LIPPER 60013965 PERM ID 8590296188SEDOL 4106744 RIC 002844532X.LUTELEKURS 353647 RIC LP60013965WKN- GERMAN A0Q1TQ VALOR 353647

EDM STRATEGY FUND

40

www.edm.esIgnacio PedrosaHead of Investor Relations+34 636814186+34 [email protected]://es.linkedin.com/in/ipedrosa

LEGAL NOTICE

1) This information represents disclosure by EDM and is intended merely to inform those to whom it is addressed in compliance with the code of cunsuct applying to all investment services in Spain. For this reason efforts have been made to ensure that it is sufficient and understandable to anybody likely to receive it.

Given that the information may refer to or include separate additional documentation, the recipient is invited to request this from EDM.

If, within the body of information in this notification, there should be any offer regarding products, financial instruments or services, the recipients thereof also have at their disposition supplementary or additional documentation which will enable them to authorise all the terms and conditions pertaining to the offer of interest to them.

2) EDM is a securities broker registered in Spain (Avda. Diagonal 399 3º 1ª, 08008 Barcelona) and is authorised to provide investment services with regard to securities and financial instruments for clients, in relation to whom it is subject to the supervision of the Comisión Nacional del Mercado de Valores (National Securities Market Commission) (CNMV, Paseo de la Castellana 19, 28046 Madrid), where it is registered under number 139. The broker is a member of the Fondo de Garantía de Inversiones (FOGAIN, the Investment Guarantee Fund).

3) The recipients of this information should bear in mind that any results or data provided may be subject to fees, commission, taxes, expenses or duties, which could lead to a reduction in the gross return, which will depend on the particular nature of each case.

4) It is here left on record that the instruments described in this information are subject to the impact of various common causes, such as:

i- Alterations to the markets due to unforeseen circumstances

i- Liquidity risks and others which affect the progress of the investment.

5) Within this information here figures appear that refer to past returns for the products mentioned. It is obvious that such information should be used as a reference and as valid background data to reach one’s own conclusions, but under no circumstances should it be employed as an indicator guaranteeing future performance.

By the same token, the information contained that might simulate future trends for any product and its performance must, for identical reasons as those cited for past data, be considered as a valid reference to reach one’s own conclusions but in no way seen as a guarantee of returns that will be obtained.

6) Within this documentation there may be figures based on currencies other than those used by recipients hereof. For this reason consideration should be given to any possible change upwards or downwards in the value of the currency and how this affects the results for the products or instruments proposed.

This document is reserved for professional investors only as defined by the MIFID

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