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DISCLOSURE STATEMENT COSTS AND CHARGES

DISCLOSURE STATEMENT . COSTS AND CHARGES . 1. FOR INFORMATION PURPOSE ONLY. 1. Preamble This document aims at presenting the approach taken by KEPLER CHEUVREUX SA1 (henceforth KC'). in relation to the DISCLOSURE of COSTS and CHARGES to its clients, hereby representing its interpretation of Articles of the Directive 2014/65/EU and 50 of the Delegated Act, and in particular ex-ante (or pre-trade) disclosures . 2. Key principles KC will provide details of COSTS and CHARGES in a timely manner to all the clients requesting for such details, except in cases where we actively participate in the conception or the distribution of a product (please refer to section 3.)

2 FOR INFORMATION PURPOSE ONLY 1. Preamble This document aims at presenting the approach taken by KEPLER CHEUVREUX SA1 (henceforth ‘KC’) in relation to the disclosure of Costs and Charges to its clients, hereby representing its interpretation

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