Notice to unitholders

CARMIGNAC EMERGENTS
CARMIGNAC EURO-ENTREPRENEURS
CARMIGNAC INVESTISSEMENT
CARMIGNAC LONG-SHORT EUROPEAN EQUITIES
CARMIGNAC PATRIMOINE
CARMIGNAC PROFIL REACTIF 50
CARMIGNAC PROFIL REACTIF 75
CARMIGNAC PROFIL REACTIF 100
CARMIGNAC SECURITE

The prospectuses of the FCPs mentioned above (the “Funds”) will be updated on 28 February 2019, although there are no substantial revisions.

The change made relates to the classification of certain callable and puttable negotiable debt securities. Following a change to the applicable regulations, these securities will now be listed under the “securities with embedded derivatives” category of the prospectus. These negotiable debt securities have an optional component allowing for early redemption subject to certain conditions (holding period, occurrence of a specific event, etc.) on the initiative of the issuer (in the case of callable bonds) or at the request of the investor (in the case of puttable bonds).

This change requires no specific action on your part. It has no effect on your investment fund’s investment strategy or risk/return profile and does not involve any additional fees.

For further information, please read the fund prospectuses bearing the above date or contact your usual adviser. It may take up to one month to register the new prospectus in each of the countries in which our funds are distributed.

The KIID, prospectus and latest annual and semi-annual reports are available free of charge in French, English, German, Italian, Spanish and Dutch at www.carmignac.com:
- In Belgium, from the Belgian financial service provider, CACEIS Belgium SA: avenue du port, 86c b320, B-1000 Brussels.
- In Switzerland, from the Representative in Switzerland, CACEIS (Switzerland) SA, Route de Signy 35, CH-1260 Nyon. The Swiss Paying Agent is CACEIS Bank, Paris, Nyon/Switzerland branch, Route de Signy 35, 1260 Nyon.