KEY INFORMATION DOCUMENT Purpose: This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. PRODUCT MELANION BITCOIN EQUITIES UCITS ETF ISIN Code FR0014002IH8 This Fund is authorised in France Management Company : Melanion Capital SAS (hereinafter: "we"), is authorised in France and regulated by the Autorité des marchés financiers. AMF responsible for supervising Melanion Capital in relation to this Key Information Document. For more information, please refer to our website www.melanion.com This document was published on 02/16/2023. What is this product? Type: French Mutual Fund (FCP). Term: The term of the Fund is 99 years from its launch unless it is wound up early or extended pursuant to these Regulations. Objectives: The objective of this Fund is to track as closely as possible the performance of the Melanion Bitcoin Exposure Index (the “Index”) regardless of its trend, positive or negative. The Index of this passive management is calculated net dividends reinvested (the dividends net of tax paid by the index constituents are included in the Index return). It is denominated in USD. You are exposed to the exchange rate between the currencies of the Shares making up the Index and the currency of the fund with net dividends reinvested. The Fund will achieve its management objective via a physical replication method, i.e. by investing in a basket of equity securities representing the index constituents. The Index is an equity index administered by BITA, calculated by BITA and based on a model designed by Melanion Capital. The Index is made up of a maximum of 30 securities with market capitalizations greater than 100MUSD listed on European and American markets, companies that operate in the segments of "Crypto" asset management and trading, "Crypto" banking and services, "Crypto Mining" and Blockchain technology, or the companies that hold Cryptocurrency on their balance sheets. The selection and weighting of the components of the Index is made on the basis of fundamental and quantitative filters as indicated in the index methodology guidebook. An exhaustive description and the complete methodology for constructing the Index is available on the BITA website: https://www.bitadata.com. Ticker Bloomberg: MBCEXI. The reference currency of the Unit is the Euro. The expected level of tracking error under normal market conditions is set out in the Fund prospectus. You can resell your units on a daily basis during the opening hours of the various exchanges where the ETF will be listed, provided that the Market Makers are able to make the market. Intended retail investors: This product is intended for investors, with a basic knowledge of and no or limited experience of investing in funds, seeking to increase the value of their investment and to receive income over the recommended holding period and who are prepared to take on a high level of risk to their original capital. The Fund will invest in companies with significant activities in the Bitcoin theme. The attention of investors is drawn to the fact that no minimum correlation threshold has been pre-established between the price of these companies and the price of Bitcoin. On the other hand, the Fund’s methodology aims to select the securities with the highest sensitivity to Bitcoin. By investing in stocks exposed to Bitcoin, the Fund will not necessarily or mechanically follow the price of Bitcoin itself, whether it is rising or falling. Depository: Société Générale SA. What are the risks and what could I get in return? Risk Indicator : Important risks materially relevant to the Fund which are not adequately captured by the indicator: Liquidity risk: in case of low trading volume on financial markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation. The risk indicator assumes you keep the investment for 5 years. TheThe occurrence of any of these risks may have an impact summary risk indicator is a guide to the level of risk of this product on the net asset value of your portfolio. compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we For more information on risks, refer to the Risk profile are not able to pay you. We have classified this product as 7 out of 7,section of the prospectus) which is the highest risk class. 1 Performance Scenarios The unfavourable, moderate and favourable scenarios shown are illustrations using the worst, average and best performance of the Sub- Fund over the past five years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. What you get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The table below shows how much money you could get over 5 years, according to different scenarios, assuming you invest 10.000€. The different scenarios show how your investment could perform. You can compare them with the scenarios of other investment options. Investment 10 000€ 1 year 3 years 5 years Scenarios Recommended holding periodWhat you might get back after Stress Scenario 2 544 733 468costsAverage returns each year -75% -55% -46%What you might get back after Unfavourable 981 981 383costs ScenarioAverage returns each year -90% -54% -48%What you might get back after Moderate Scenario 7 8964 929 3 077costsAverage returns each year -21% -21% -21%What you might get back after Favourable Scenario 20 085 24 825 24 801costsAverage returns each year 101% 35% 20% The figures shown include all the costs of the product itself, but may or may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.What happens if Melanion Capital is unable to pay out? The assets and liabilities of the Fund are segregated from those of the other funds and the Management Company, and there is no cross liability between them. The Fund would not be liable for any failure or default of the Management Company or any of its delegated service providers What are the costs? The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, and how long you hold the product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed that: - The average annual return was 0% - 10 000 EUR are invested. Investment 10 000€ If you exit after Scenarios 1 year3 years5 years Total costs (EUR)75€ 225€ 375€ Annual Cost Impact 0.75% 0.75% 0.75% The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. 2 Composition of Costs This table shows the impact on the performance per year One-off Entry costs* 0,00% We do not charge an entry fee for this product. costs Exit costs*0,00% We do not apply exit charges for this product, but the person selling you the product may do so. Ongoing0.75% 0,75% of the value of your investment per year. This percentage is costs Management fees and otherbased on the actual costs over the last year. administrative or operating costs Transaction costs 0,00% We do not charge a transaction fee for this product. Incidental 0,00% There is no profit sharing for this product. costs Incentive commissions Performance fees 0,00% There is no performance fee for this product *On the secondary market: the Fund is an ETF, so investors who are not Authorised Participants must, in principle, buy or sell the Fund's shares on the secondary market. On the secondary market, investors may incur brokerage charges and/or transaction charges when they place their orders to buy/sell on the relevant stock exchange. These charges are collected by market intermediaries rather than being deducted by/paid to the Fund or the Management Company. Investors may also pay an additional sum amounting to the difference between the sale price and the purchase price of the Fund's shares (bid-ask spread). On the primary market: Authorised Participants who subscribe to/redeem their shares directly from the Fund will pay the costs applicable to the Fund's primary market as described in the prospectus. How long should I hold it and can I take money out early? Recommended holding period: Five years is based on our assessment of the risk and reward characteristics and costs of the Fund. How can I complain? If you have any complaints, you may: Mail Melanion Capital, 17 Avenue George V, 75008 Paris E-mail to etf@melanion.com If you have a complaint about the person that advised you about this product, or who sold it to you, they will tell you where to complain. Other relevant information The prospectus, articles of incorporation, key investor information documents, notices to investors, financial reports and other disclosure documents relating to the Fund, including the various published policies of the Fund, are available on our website www.melanion.com. You may also request a copy of these documents at the registered office of the Management Company. The UCITS is not open to residents of the United States of America/"U.S. Person". 3