Paris / London, October 16th, 2023
As of September 2023, the estimated valuations of the side-pocketed funds (« SP »)have been revised downwards. These reductions vary depending on the financial instruments held within the respective SPs.
We will inform investors of any significant developments by mid-November.
It is important to note that the valuation uncertainty, which led to the segregation of the SP fundspersists, and that any valuationis therefore an estimate.
Our commitment to the full liquidation of the SP funds remains unchanged, as do our efforts totreat unitholders equally.
Finally, we would like to remind that the management of the SP funds has no impact on themanagement ofthe FCP funds.
H2o AM
2023.10.16_H2O-AM_EN_Side-Pocket-Information