LA CRÍTICA COMO ELEMENTO ACUSADOR DE SU PONTIFICADO

Each full bank business day in LU* J+3 Business Days

UBAM - EM Investment Grade Corporate Bond J-2 full bank

business days LU 13:00

J-1 Business Day

J+3 Business Days UBAM - European Convertible Bond

UBAM - Euro 10-40 Convertible Bond UBAM - SRI European Convertible Bond UBAM - Euro Equity Income

J-2 full bank business days LU 13:00 J-1 Business Day J+2 Business Days

UBAM - Global Convertible Bond UBAM - Global 10-40 Convertible Bond

J-3 full bank business days LU 13:00 J-1 Business Day J+2 Business Days UBAM - Asia Equity

UBAM - Global Emerging Equity UBAM - IFDC Japan Opportunities Equity UBAM - SNAM Japan Equity Value

J-2 full bank business days LU 13:00 J-1 Business Day J+3 Business Days

UBAM - Multifunds Allocation 30 UBAM - Multifunds Allocation 50 UBAM - Multifunds Allocation 70

J-3 full bank business days LU 13:00 J-2 Business Days J+2 Business Days

All other sub-funds J-1 full bank

business day LU 13:00

J-1 Business Day

J+2 Business Days UBAM - Multifunds Alternative J-5 full bank

business days LU 13:00 J-2 Business Day Each Friday* J+3 Business Days * Based on the closing prices as of the NAV Date

If accepted, the applications are processed at the net asset value per share calculated on the Valuation Day. For sub-funds issuing different classes of shares, applications must indicate the share class concerned.

The subscription price for shares is applied in the currency in which the net asset value is calculated for the assets of the relevant class. Any bank charges connected with the payment of subscriptions are borne by the SICAV.

Under the conditions defined by the Board of Directors and subject to the provisions of the law, the subscription price may be paid by a contribution in kind. Such contribution in kind shall be subject to an audit report to the extent required by Luxembourg law. In principle, the costs linked to such contribution in kind shall be borne by the concerned investors.

A subscription by a private investor (a natural person) will not be considered valid and will only be processed after receipt of the request and subscription price by the administrative agent.

No share certificates are issued.

The SICAV reserves the right to reject any subscription application or accept only some of them. In addition, the Board of Directors reserves the right to interrupt the issue and sale of shares at any time and without any prior notice.

No shares are issued if the net asset value calculation is suspended by the SICAV. Each shareholder who makes a subscription application is advised of that suspension, and any subscription requests that are pending may be withdrawn further to written notification received by the SICAV before the suspension revocation. Unless applications have been withdrawn, they will be taken into consideration on the first Valuation Day following the end of the suspension.

Subscription applications in a currency other than a sub-fund's base currency (list of currencies to be approved by the SICAV’s Board of Directors) will only be accepted if the Custodian Bank clears the funds. The Custodian Bank will carry out the foreign exchange transactions on behalf on the sub-fund, at the investor’s risks and expenses.

Subscription applications made in countries in which the SICAV is authorised to carry on public retailing activities can be submitted by local paying agents and distributors acting in their own name but on behalf of end investors. Said local paying agents and distributors will be listed in the SICAV’s list of shareholders in lieu of the end investors. Local paying agents have the right to charge fees to investors for handling subscriptions to, redemptions of and the conversion of the SICAV’s shares.

Fight against money laundering

The legal and regulatory provisions set various obligations for financial professionals with a view to preventing the use of Undertakings for Collective Investment for money laundering.

As a result, the identity of subscribers and, if applicable, any economic beneficiaries, will need to be revealed and documented in accordance with these legal and regulatory provisions.

If any information or documents required for identification purposes is missing, this may result in subscription and/or redemption applications being suspended.

Ban on LATE TRADING and MARKET TIMING

Late Trading is defined as accepting an application for subscription, conversion, or redemption of shares after the time limit (as set out above) on the Valuation Day in question and the performance of such requests based on the net asset value which applies on such a day. Late Trading is strictly prohibited.

Market Timing is an arbitrage transaction by means of which an investor systematically subscribes to and buys back or converts the SICAV shares in a short period of time, exploiting the time differences and/or imperfections or deficiencies in the system used to determine the net asset value of the sub-fund concerned. Market Timing practices can disrupt the management of investment portfolios and damage the performance of the sub-fund concerned.

In order to prevent such practices, shares will be issued at an unknown price and neither the SICAV nor the SICAV’s share sales agents will accept orders received after the applicable time limits.

The SICAV reserves the right to refuse subscription orders, conversion orders, or buy-back orders for a sub- fund made by any person suspected of carrying out Market Timing.