Notice to Unitholders Gamax Funds FCP

The board of directors of Mediolanum International Funds Limited (the “Board of Directors”), the management company (the “Management Company”) (“MIFL”) of Gamax Funds FCP would like to inform you that with effect as of August 2025 the following amendments will be made in the prospectus of Gamax Funds FCP (the “Prospectus”) in particular:

I. Amendments to the general part of the Prospectus

The following changes to the general part of the Prospectus will be implemented:

1.  Update of the section “Organisational structure of Gamax Funds FCP” with respect to (i) the composition of the Board of Directors, (ii) the address of, respectively, the Depositary bank and central administration agent, the Paying agent in Luxembourg, the Sales agent in Italy and (iii) the address of the Transfer agent and registrar.

2.  Update of the section “4. Financial year and distributions” with respect to a clarification on the discretion of the Board of Directors to decide on the dividends distribution rate.

3.  Update of the section “6.5. Depositary bank, central administration agent, transfer agent and registrar” with respect to the disclosure of (i) all the undertaking for collective investment (UCI) administrator functions in line with CSSF Circular 22/811 on authorisation and organisation of entities acting as UCI administrator and (ii) the appointment of third-party custodians.

4.  Update of the section “6.8.5. Securities financing transactions and total return swaps” with respect to (i) the allocation of proceeds and fees relating to securities lending transactions and (ii) the inclusion of a sub-section “d) Information in financial report”.

5.  Update of the section “6.8.6. Derivatives” with respect to the clarification of the purposes for the use of derivative financial instruments.

6.  Update of section “6.9 Net Asset Value” in line with CSSF Circular 24/856 on investor protection in case of NAV calculation errors, non-compliance with investment rules and other types of errors at UCI level.

7.  Update and renaming of section “6.16. Protection of interests, confidentiality, and data protection” as section “6.16. Data protection” and insertion of a new “Appendix 1. Investor Privacy Notice”.

8.  Inclusion of a new section “6.24. Custody Risk” in order to clarify the risks to the holding of Gamax Funds FCP’s assets by the depositary.

9.  Inclusion of a new section “6.25. Risks relating to the CSDR” in order to clarify the settlement discipline regime introduced under Regulation (EU) No 909/2014 (CSDR), in particular the risks related to settlement fails within EU central securities depositaries (CSD).

Other minor amendments for clarification purposes throughout the Prospectus.

II. Amendments to Gamax Funds FCP – Asia Pacific’s annex

The following changes to Gamax Funds FCP – Asia Pacific’s annex will be implemented:

1.  Update of section “Investor Profile” for clarification purposes so as to include equity risks and to remove interest rate risks.

2.  Update of section “Special risk notice” for clarification purposes so as to include currency fluctuations for clarification purposes.

3.  Update of section “Volatility risk” for clarification purposes so as to include its focus in growth and emerging markets.

4.  other minor amendments for clarification purposes throughout Gamax Funds FCP – Asia Pacific’s annex.

III. Amendments to Gamax Funds FCP – Maxi-Bond

The following changes to Gamax Funds FCP – Maxi-Bond’s annex will be implemented:

1.  Update of section “Investment and distribution policy” for clarification purposes so as to mention futures among the eligible derivatives.

2.  Update of section “EU Directive 2003/48/EC of 3 June 2003” for clarification purposes as to mention the non-applicability of EU Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments.

3.  Removal of section “Safekeeping in growth markets”.

4.  Inclusion of section “Interest rate risk” for clarification purposes with respect to the interest rate risks inherent to bond strategies;

5.   Correction in section “Performance fee” of the performance fee calculation example and its explanation to reflect the applicable hurdle rate.

6.  Other minor amendments for clarification purposes throughout Gamax Funds FCP – Maxi-Bond’s annex.

IV. Amendments to Gamax Funds FCP – Junior

The following changes to Gamax Funds FCP – Junior’s annex will be implemented:

1.  Update of section “Volatility risk” for clarification purposes.

2.  Update of section “Investor Profile” for clarification purposes so as to include equity and market risks and to remove interest rate risks.

3.  Other minor amendments for clarification purposes throughout Gamax Funds FCP – Junior’s annex.

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Capitalized terms not defined herein have the meaning as set forth in the Prospectus.

An updated version of the Prospectus, dated “August 2025”, will be made available at the registered office of the Management Company and at www.mifl.ie.

Dublin, 04 July 2025
The Board of Directors