NOTICE TO THE SHAREHOLDERS OF

MULTI UNITS LUXEMBOURG - LYXOR MSCI TAIWAN UCITS ETF

(the « Sub-Fund »)

Amendment to the Prospectus and the Key Investor Information Document of the Sub-Fund

Terms not specifically defined herein shall have the same meaning as in the articles of incorporation (the "Articles") and in the latest Prospectus of the Company.

Luxembourg, October 5th, 2021,

Dear Shareholders,

We hereby inform you that the following changes, as described in the present notice, will be effective at the opening of November 5th, 2021 (the "Effective Date") in relation to the Sub-Fund.

Hence, from the Effective Date:

1. Change of the Index

The Index of the Sub-Fund will change as specified in the following table:

The aim of this change is to provide the Shareholders with an exposure to the New Index that aims to represent the performance of a select set of companies from the semiconductors and semiconductor equipment industries that excludes companies which are Environmental, Social and Governance (ESG) laggards relative to a reference universe.

The New Index is an equity index, calculated, maintained and published by MSCI Limited.

The Sub-Fund does not currently promote environmental and/or social characteristics within the meaning of "Article 8" of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector ("SFDR"). Following the change from the Previous Index to the New Index, the Sub-Fund will promote environmental and/or social characteristics within the meaning of "Article 8" of SFDR.

A full description of the New Index and its construction methodology and information on the composition and respective weightings of the New Index components are available on the index provider's website at https://www.msci.com and in the Prospectus.

Following the change of Index of the Sub-Fund, the anticipated level of tracking error under normal market conditions will rise from 1.00% to 2.00%.

2. Change of the name of the Sub-Fund

The name of the Sub-Fund is modified in order to reflect the change of Index as follows:

The Sub-Fund will otherwise retain all its other characteristics, in particular the codes used in trading and the total fees.

The Sub-Fund will bear the costs associated with these changes. The attention of the Shareholders is drawn to the fact that the costs linked to these changes could have a negative impact on the net asset value of the Sub-Fund.

• In case where the Shareholders do not agree with these changes, the Shareholders who usually subscribe or redeem Shares in the Sub-Fund on the primary market may redeem their Shares without fee during a period of one month as from the date of this notice.

• We draw the Shareholders' attention to the fact that if the Sub-Fund's Shares are sold on a market or exchange, the Shareholders may be charged broker fees on to the sale of (a) Share(s) in the Sub-Fund.

• In case where the Shareholders agree with these changes, no action is required from the Shareholders.

Following the implementation of these changes, the Prospectus and the Key Investor Information Document of the Sub-Fund will be amended accordingly at the next opportunity.

The new Prospectus and Key Investor Information Documents of the Sub-Fund may be obtained on request from the Management Company to client-services-etf@lyxor.com, or consulted as from the Effective Date on the following website: www.lyxoretf.com.

For any questions, do not hesitate to contact Lyxor Client Services at the following contact details: Phone number +33 (0)1 42 13 42 14 - Email address: client-services-etf@lyxor.com

Yours sincerely,

For the Board of Directors