BNP Paribas Funds – Russia – Notice to Shareholders – Suspension of Funds

Shareholder Notification

The Fund Manager would like to inform you due to the escalating conflict between Russia and Ukraine, normal market trading conditions have been significantly impaired, which constitutes an emergency as a result of which disposal and valuation of investments of the sub-funds “Russia Equity” and “Europe Emerging Equity” have become impracticable. In order to protect the best interest of the shareholders, the Board of Directors of the Company decides to temporarily suspend, with immediate effect, the calculation of the NAV as well as the issue, conversion and redemption of shares, in accordance with article 16§1 a) and b) of the Articles of Association.

Any request to buy, switch or redeem shares in the sub-funds “Russia Equity” and “Europe Emerging Equity” received after 4pm
Luxembourg time of the 28th of February 2022 will be rejected.

For the sub-fund “Russia Equity”, as the local Russian equity market (MOEX) was closed on 28/02/2022, no NAV is published on 01/03/2022, in accordance with the Luxembourg Prospectus specifications on market closures in Moscow and/or London.

In practice, this means that for the sub-fund “Russia Equity”, any subscription and redemption orders sent by clients on 28/02/2022 before 4pm Luxembourg time will be carried out once NAV calculation is resumed. During the suspension period, clients may withdraw any requests they have submitted. Any requests that are not withdrawn will be dealt with on the next Valuation Day once the suspension is over. As from 4pm Luxembourg time of February the 28th, all orders will be rejected.

For the sub-fund “Europe Emerging Equity”, all requests to buy, switch or redeem shares received on 28/02/2022 have been processed as per usual. As from 4pm Luxemboug time of February the 28th, all orders will be rejected.

For more details, please read the Shareholder Notification Letter