Procedures used to place and execute orders made by THE INVESTING ESTABLISHMENT

French law UCITS:

Redemption or subscription orders for DNCA FINANCE unit trust shares placed by THE INVESTING ESTABLISHMENT via its custodians, on behalf of its customers, are sent directly to the unit trust's centralising custodian: CM-CIC SECURITIES - 6, avenue de Provence - 75009 Paris, France.
All of DNCA FINANCE's unit trusts are listed daily.
Orders must be placed before 12:30 p.m. with Stéphanie Marciano whose contact details are as follows:
• Tel: +33.1.45.96.79.48
• Fax: +33.1.45.96.77.23
• E-mail: marciast@cmcics.com

N.B: Delivery periods: D+1

Luxembourg law UCITS:

Redemption or subscription orders for shares or equities in Luxembourg UCITS are sent:
Either to the corresponding bank in the country where THE INVESTING ESTABLISHMENT is located:
in France: BPSS Paris –3 rue d’Antin – 75002 Paris.
Orders must be placed before 11 a.m. with Oktay Ergun:
• Tel: +33.1.42.98.08.94
• Fax: +33.1.42.98.48.15
• E-mail: oktay.ergun@bnpparibas.com

Or via the custodian bank: BPSS Luxembourg - 33, rue Gasperich - Hesperange - L 2085 Luxembourg.
Orders must be placed before midday with the call centre:
• Tel: +352.26.96.20.30
• Fax: +352.26.96.97.47
A copy of orders placed with CM-CIC SECURITIES or with BPSS Luxembourg must be sent at the same time to DNCA FINANCE so any outstandings held by THE INVESTING ESTABLISHMENT can be monitored.

The copy of these orders must be sent to Martial Annic:
• Tel: +33.1.58.62.54.85
• Fax: +33.1.58.62.55.17
• E-mail: mannic@dncafinance.fr

N.B: Delivery periods: D+3