BPI GIF - Opportunities I/  LU0220377575  /

The investment objective of the Sub-Fund is to provide investors with longterm capital appreciation, based on risk spreading and future potential growth. The Sub-Fund will mainly invest in equity securities issued by companies that, in the Management Company's opinion, may benefit from an operational or financial reorganisation or companies that offer a strong valuation potential, due to the reorganisation expected in their economic sector. The Sub-Fund will have no restriction in terms of geographical asset allocation. The target medium annual value of the equity securities referred to above will be equal or superior to two thirds of the medium net asset value of the Sub-Fund for the same period. Only on occasional situations may the medium annual value of the assets referred to above be inferior to two-thirds of the medium net asset value of the Sub-Fund. The Sub-Fund will not enter into Securities Financing Transactions ("SFTs"). The Sub-Fund will not enter into total return swaps. To achieve its investment goals, for treasury purposes and/or in case of unfavorable market conditions, the Sub-Fund may also invest in money market instruments and transferable securities on an ancillary basis.

The investment objective of the Sub-Fund is to provide investors with longterm capital appreciation, based on risk spreading and future potential growth. The Sub-Fund will mainly invest in equity securities issued by companies that, in the Management Company's opinion, may benefit from an operational or financial reorganisation or companies that offer a strong valuation potential, due to the reorganisation expected in their economic sector.