BNP PARIBAS Easy ICAV - BNP Paribas Easy Alpha Enhanced US UCITS ETF UCITS ETF EUR CAPITALISATION

Investment Objective: The investment objective of the Fund is to increase the value of the portfolio of US equities, using a multi-factor systematic security selection approach, while taking into account Environmental, Social and Governance (ESG) criteria. Investment Policy: To achieve its investment objective, the Fund invests at least 90% of its assets in equities and/or equity-related securities issued by companies that have their registered offices or conduct the majority of their business activities in the United States of America (“USA”). The Fund’s portfolio will be built based on a systematic approach, combining several factor criteria such as, but not limited to, (i) cash flow generation (quality), (ii) relative valuation compared to peers (value), (iii) medium term performance trend (momentum) and (iv) low price variation (“low-volatility”). The Fund’s portfolio is constructed to consistently achieve a portfolio's ESG score higher than that of the investment universe. In addition, and in the framework of the implementation of the Strategy, the investment universe is reduced by removing companies that do not comply with the Investment Manager’s Responsible Business Conduct (“RBC”) Policy which includes: 1) norms-based screens, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, and 2) the Investment Manager’s sector policies, as set out in the section of the Prospectus titled “ESG-related Disclosures Responsible Business Conduct Standards”. The review of the investment universe through the ESG integration approach is made against three ESG criteria: - Environmental: such as energy efficiency, reduction of emissions of greenhouse gases, and treatment of waste; - Social: such as respect of human rights and workers’rights, and human resources management (workers’health and safety, diversity); and - Governance: such as board independence, managers’remuneration, and respect of minority shareholders rights. ESG scores, as defined by the Investment Manager’s proprietary scoring framework, are used as part of this assessment. Further details of the Investment Manager’s ESG scoring framework can be found in the Prospectus under the heading “Index Funds and Active Funds: ESG Scoring Framework”. As such, the extra-financial analysis coverage is at least 90% of the assets of the Fund (excluding ancillary liquid assets) and is based on the Investment Manager proprietary extra-financial framework as further described in the section of the Prospectus titled “ESG-related disclosures”. The Fund’s base currency is US Dollar. Distribution Policy: It is not the current intention of the Directors to declare dividends in respect of Classes identified as “Capitalisation”. Recommendation: This Fund is suitable for medium to long term investment, though the Sub-Fund may also be suitable for shorter term exposure to the Index. The management company pay part or all of its fees to any person that invests in or provides services to the ICAV or in respect of the Product in the form of a discount. Such amount may be up reduced up to 50%, for a period of 12 months from the date of the launch of the Product. Please refer to the section headed Fees, Costs and Expenses of the Prospectus. Thus Total Costs as defined below are preferential for the launch of the Product and will be applicable for a period of 12 months from the date of the launch. Performance Scenarios have been calculated taking into account these preferential costs. Please refer to the supplement of the Fund (the “Supplement”) for additional details about the objective and investment policy.