BLUE OCEAN FRANCE

• BLUE OCEAN FRANCE est un portefeuille d'actions françaises, concentré sur des actions fortement sous-valorisées.

• Nous avons au fil de notre expérience, identifier les critères de séléction des actions assurant les meilleures performances possibles sur le long terme.

• Nous vous présentons ici la réalité de nos performances.

BLUE OCEAN FRANCEDes performances remarquables!

❑ Une multiplication par 10 de votre portefeuille en 12 ans

❑ Un rendement annualisé de 20%/an sur 12 ans

❑ Une superformance de 20%/an par rapport au CAC40

❑ 9 années positives /13 années

❑ Un portefeuille concentré ( 24 actions maximum)

BLUE OCEAN FRANCEDes performances remarquables!

BLUE OCEAN FRANCE – 2008PERF. PORTEFEUILLE : -27%PERF. INDICE CAC40 : -30%

06/2008 30/09/2008 30/12/2008

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

EURS.PA 23% 12% ALFBA.PA 16% -57% JCQ.PA 9% 11%

ALFBA.PA 18% -8% EURS.PA 13% -18% EURS.PA 14% -14%

ALDUB.PA 6% -6% MLNEI.PA 13% -41% EXAC.PA 13% -24%

TVLY.PA 4% 4% ALDUB.PA 11% 3% MLNEI.PA 11% -25%

EXAC.PA 2% -7% EXAC.PA 8% -6% TVLY.PA 10% -35%

MLNEI.PA 2% -21% TVLY.PA 2% -10% ALDUB.PA 7% 2%

Cash 2% 0% Cash 2% 0% SEV.PA 2% -32%

Cash 2% 0% Cash 2% 0% ALPJT.PA 2% -29%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

Cash 2% 0% Cash 2% 0% Cash 2% 0%

PERF. PORTFEUILLE 0% PERF. PORTFEUILLE -8% PERF. PORTFEUILLE -21%

BLUE OCEAN FRANCE – 2009PERF. PORTEFEUILLE : +51%PERF. INDICE CAC40 : +20%

30/03/2009 30/06/2009 30/09/2009 30/12/2009

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

ES.PA 10% 50% MED.PA 16% 17% MED.PA 18% 3% MLHYE.PA 11% 5%

ALTRI.PA 9% 17% ALTRI.PA 10% 22% JCQ.PA 15% 15% ES.PA 15% -6%

ERA.PA 9% 21% SFCA.PA 10% 25% ES.PA 13% 2% MLVIS.PA 12% 25%

ES.PA 9% -6% JCQ.PA 10% 12% MLVIS.PA 11% 0% IGE.PA 9% 6%

STAL.PA 9% 1% HF.PA 10% 38% ERA.PA 7% 29% MLHYE.PA 7% 1%

HF.PA 9% 3% STAL.PA 10% 28% IGE.PA 6% 1% JCQ.PA 5% -27%

MED.PA 9% 25% MED.PA 10% 66% MLHYE.PA 3% -2% ALDUB.PA 4% -7%

MLVIS.PA 6% -37% ERA.PA 10% 14% ALDUB.PA 3% 0% SACI.PA 2% 3%

SFCA.PA 6% -21% ALDUB.PA 10% 19% HF.PA 2% 39% SFCA.PA 2% -6%

IGE.PA 6% 13% MLHYE.PA 1% 5% SACI.PA 2% 0% MLCMB.PA 2% 4%

EXAC.PA 4% -9% SACI.PA 1% 0% ALDAR.PA 2% 56% STAL.PA 2% 6%

MLHYE.PA 3% 2% IGE.PA 1% 5% MLCMB.PA 2% 4% SABE.PA 2% 7%

ALGIL.PA 1% 6% INFE.PA 1% 23% STAL.PA 2% 6% ALGIL.PA 2% 46%

SACI.PA 1% 0% SABE.PA 1% 7% SABE.PA 2% -1% ERA.PA 2% -7%

ALDUB.PA 1% -18% ALGIL.PA 1% 10% SFCA.PA 2% 5% INFE.PA 2% 18%

SABE.PA 1% 11% MLCMB.PA 1% -3% ALGIL.PA 2% 33% EXAC.PA 2% 16%

MLCMB.PA 1% -15% EXAC.PA 1% 5% GJAJ.PA 2% 131% MLBAT.PA 2% -6%

GJAJ.PA 1% -15% GJAJ.PA 1% -26% EXAC.PA 2% 22% MEMS.PA 2% -21%

INFE.PA 1% -6% MEMS.PA 1% 17% INFE.PA 2% 4% Cash 2% 0%

MLBAT.PA 1% -9% Cash 1% 0% MEMS.PA 2% 29% Cash 2% 0%

MEMS.PA 1% -23% Cash 1% 0% Cash 2% 0% Cash 2% 0%

Cash 1% 0% Cash 1% 0% Cash 2% 0% Cash 2% 0%

Cash 1% 0% Cash 1% 0% Cash 2% 0% Cash 2% 0%

Cash 1% 0% Cash 1% 0% Cash 2% 0% Cash 2% 0%

PERF. PORTFEUILLE 3% PERF. PORTFEUILLE 26% PERF. PORTFEUILLE 13% PERF. PORTFEUILLE 3%

BLUE OCEAN FRANCE – 2010PERF. PORTEFEUILLE : +6%PERF. INDICE CAC40 : -3%

30/03/2010 30/06/2010 30/09/2010 30/12/2010

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

MLNEI.PA 20% -10% MLNEI.PA 17% -15% MLNEI.PA 12% -21% MLNEI.PA 8% 35%

EURS.PA 11% -4% GOE.PA 17% -1% EURS.PA 17% -6% SPEL.PA 12% 3%

ES.PA 11% 11% EURS.PA 14% -8% GOE.PA 17% 0% EURS.PA 12% 9%

INFE.PA 9% 18% MLHYE.PA 9% -4% MLHYE.PA 13% 1% GOE.PA 12% 28%

ORIA.PA 8% 17% SACI.PA 3% 17% JCQ.PA 3% 18% CGM.PA 12% -8%

GOE.PA 8% -7% PREC.PA 2% 3% FCMC.PA 2% -4% FCMC.PA 10% 41%

CBE.PA 7% 16% ALPJT.PA 2% 13% MLCMB.PA 2% 14% MLHYE.PA 8% -6%

STAL.PA 6% 10% ALGEV.PA 2% 27% INFE.PA 2% 0% GID.PA 2% -3%

ALPJT.PA 4% 6% PCA.PA 2% 14% EXAC.PA 2% -3% ALPJT.PA 2% 6%

JCQ.PA 3% 19% STAL.PA 2% 6% ALNSC.PA 2% -3% PCA.PA 1% -16%

PREC.PA 2% 2% ORIA.PA 2% 6% GID.PA 2% -6% ALNSC.PA 1% 11%

SACI.PA 2% -3% EXAC.PA 2% -3% PCA.PA 2% -12% ES.PA 1% 7%

PVL.PA 2% -3% MLCMB.PA 2% -2% STAL.PA 2% 16% IPH.PA 1% -28%

FCMC.PA 2% 5% INFE.PA 2% 2% ALGEV.PA 2% 23% EXAC.PA 1% 2%

ALNSC.PA 2% -11% JCQ.PA 2% -13% PREC.PA 2% 1% MLCMB.PA 1% 15%

PCA.PA 2% 5% ES.PA 2% 10% ORIA.PA 2% 7% INFE.PA 1% 1%

SABE.PA 2% 4% MLSTR.PA 2% -4% ES.PA 2% -4% PREC.PA 1% 19%

MLCMB.PA 2% -2% SABE.PA 2% 7% ALPJT.PA 2% -10% MLSTR.PA 1% 83%

ALGEV.PA 2% -13% ALNSC.PA 2% -13% GJAJ.PA 2% 64% ALGEV.PA 1% 9%

EXAC.PA 2% -11% PVL.PA 2% 9% MLSTR.PA 2% -13% JCQ.PA 1% 7%

MLSTR.PA 2% -15% ALDIE.PA 2% -17% SABE.PA 2% -3% SABE.PA 1% 12%

GID.PA 2% -9% GID.PA 2% -27% PVL.PA 2% 17% STAL.PA 1% -1%

ALDIE.PA 2% -11% Cash 2% 0% ALDIE.PA 2% 12% PVL.PA 1% 29%

Cash 2% 0% Cash 2% 0% Cash 2% 0% ALDIE.PA 1% -22%

PERF. PORTFEUILLE 5% PERF. PORTFEUILLE -3% PERF. PORTFEUILLE -1% PERF. PORTFEUILLE 6%

BLUE OCEAN FRANCE – 2011PERF. PORTEFEUILLE : +12%PERF. INDICE CAC40 : -19%

30/03/2011 30/06/2011 30/09/2011 30/12/2011

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

MLNEI.PA 26% 4% MLNEI.PA 13% -11% CGM.PA 4% -24% ALECR.PA 4% 85%

SPEL.PA 8% 8% ALI2S.PA 9% 14% GAM.PA 13% -8% ERA.PA 4% -6%

ALGEV.PA 8% 52% GAM.PA 5% -18% ALGEV.PA 12% 7% JCQ.PA 4% -14%

ALBUD.PA 8% -1% MALT.PA 5% 8% ALBUD.PA 10% -8% MLNEI.PA 4% 17%

CRI.PA 8% 7% SPEL.PA 4% 14% ALECR.PA 9% -18% RX.PA 4% -6%

BASS.PA 8% 24% BASS.PA 4% 0% ERA.PA 5% -54% BASS.PA 4% 3%

ALPJT.PA 8% 12% ALODI.PA 3% 4% SPEL.PA 5% 19% NEX.PA 4% -6%

AKW.PA 7% 21% RNO.PA 3% 4% SAVE.PA 4% -23% ES.PA 4% 1%

COUR.PA 6% 30% ES.PA 3% -4% BASS.PA 4% -33% ALECR.PA 4% -12%

GID.PA 5% 191% ALPJT.PA 3% 14% ES.PA 3% -24% ALGIL.PA 4% 5%

MLSTR.PA 5% 54% CRI.PA 3% 1% ALODI.PA 3% -19% AKW.PA 4% 8%

GAM.PA 4% 5% GIRO.PA 3% -23% MALT.PA 2% -3% SFCA.PA 4% -8%

MLHYE.PA 4% 5% INFE.PA 3% 12% MLCMB.PA 2% 8% SOI.PA 4% -3%

SAVE.PA 4% 9% LACR.PA 3% 26% CRI.PA 1% -30% ALBUD.PA 4% -35%

PCA.PA 3% 3% MLHYE.PA 3% 1% RNO.PA 1% -38% CRI.PA 4% -3%

SFCA.PA 3% 15% TVLY.PA 3% 12% COUR.PA 1% -3% GAM.PA 4% 24%

STAL.PA 2% 10% ALGEV.PA 3% -3% GIRO.PA 1% -34% SAVE.PA 4% 3%

MLCMB.PA 1% -1% ERA.PA 3% -12% MLHYE.PA 1% 2% LACR.PA 4% -2%

ES.PA 1% 1% PCA.PA 3% 15% ORIA.PA 1% -6% INFE.PA 3% 11%

ORIA.PA 1% 10% MLCMB.PA 3% -1% SFCA.PA 1% -21% PSB.PA 3% -17%

BOL.PA 1% 4% PVL.PA 3% 39% GUI.PA 1% -34% COX.PA 3% -5%

EXAC.PA 1% -4% MLSTR.PA 3% 7% PCA.PA 1% -18% ALODI.PA 3% 3%

LACR.PA 1% 1% SFCA.PA 3% 4% TVLY.PA 1% -15% CBOT.PA 3% -10%

GIRO.PA 1% 3% CLA.PA 3% -14% CLA.PA 1% -13% AURE.PA 3% -15%

PERF. PORTFEUILLE 28% PERF. PORTFEUILLE 5% PERF. PORTFEUILLE -12% PERF. PORTFEUILLE -4%

BLUE OCEAN FRANCE – 2012PERF. PORTEFEUILLE : +16%PERF. INDICE CAC40 : +18%

30/03/2012 30/06/2012 30/09/2012 30/12/2012

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

EURS.PA 7% -4% TRI.PA 4% 0% CGM.PA 4% 23% MLVIS.PA 5% 59%

CGM.PA 4% 41% KEY.PA 7% -8% PVL.PA 4% 3% ALI2S.PA 4% 6%

ALI2S.PA 4% 36% TRI.PA 7% -28% ALI2S.PA 4% -6% TRI.PA 4% 14%

RX.PA 4% 6% CGM.PA 7% -4% JCQ.PA 4% 3% UG.PA 4% -11%

JCQ.PA 4% 36% MLNEI.PA 7% -5% CRI.PA 4% -4% PVL.PA 4% -3%

KEY.PA 4% 19% ALGIL.PA 7% 2% KEY.PA 4% 4% MLNEI.PA 4% -9%

UG.PA 4% 14% ALPDX.PA 6% -15% ALPDX.PA 4% -4% ALPDX.PA 4% 30%

BASS.PA 4% 37% ALI2S.PA 6% -25% UG.PA 4% -20% CRI.PA 4% 14%

MLNEI.PA 4% 15% CBOT.PA 5% -11% EURS.PA 4% 2% JCQ.PA 4% 5%

ALGEV.PA 4% 33% CFI.PA 5% 1% BASS.PA 4% 14% CAFO.PA 4% -23%

EURS.PA 4% 8% PVL.PA 5% -26% CBOT.PA 4% 16% EURS.PA 4% 7%

TRI.PA 4% 11% ALGEV.PA 5% -7% AKW.PA 4% 16% KEY.PA 4% 5%

ERA.PA 4% 12% MLHYE.PA 4% -10% ERA.PA 4% 1% GAM.PA 4% 7%

ALPDX.PA 4% 17% GAM.PA 3% -13% CDA.PA 4% 15% ERA.PA 4% 23%

PIG.PA 4% 80% UG.PA 3% -36% MLNEI.PA 4% -19% LACR.PA 4% 8%

AKW.PA 4% 21% SFCA.PA 2% 25% CGM.PA 4% -36% BASS.PA 4% 9%

ES.PA 4% 9% ALEUP.PA 2% -6% BELI.PA 4% 14% ALGEV.PA 4% -9%

BELI.PA 4% 18% BELI.PA 2% -20% RNO.PA 4% 17% MLHYE.PA 4% 0%

PCA.PA 4% 5% MALT.PA 2% -5% GAM.PA 4% -2% CBOT.PA 4% 7%

CDA.PA 4% 17% BASS.PA 1% -22% MLHYE.PA 4% 6% CDA.PA 4% 1%

NEX.PA 4% 22% RNO.PA 1% -20% ALGEV.PA 4% -8% ALCOF.PA 4% 3%

PVL.PA 4% 4% STAL.PA 1% 5% ALGIL.PA 4% 18% AKW.PA 3% 1%

MLSTR.PA 4% 7% CRI.PA 1% -30% CAFO.PA 3% -19% VAC.PA 3% -5%

PREC.PA 3% 29% MLCMB.PA 1% -3% LACR.PA 3% -15% CFI.PA 3% -1%

PERF. PORTFEUILLE 24% PERF. PORTFEUILLE -11% PERF. PORTFEUILLE 0% PERF. PORTFEUILLE 4%

BLUE OCEAN FRANCE – 2013PERF. PORTEFEUILLE : +55%PERF. INDICE CAC40 : +17%

30/03/2013 30/06/2013 30/09/2013 30/12/2013

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

PVL.PA 5% 0% PVL.PA 6% 35% ALI2S.PA 6% 15% EURS.PA 6% 22%

CGM.PA 5% 33% MLHYE.PA 5% 3% MLHYE.PA 6% 0% MLHYE.PA 6% -13%

PVL.PA 5% -7% MLSIM.PA 5% 50% ALBUD.PA 6% 28% HDP.PA 6% 10%

DPAM.PA 5% 15% ALI2S.PA 5% 0% ERA.PA 6% 14% CGM.PA 6% 23%

ALBUD.PA 5% 25% HDP.PA 5% -4% HDP.PA 6% -1% EURS.PA 6% 12%

EURS.PA 5% 9% DPAM.PA 5% 51% ALI2S.PA 6% -16% PVL.PA 6% 25%

ALDAR.PA 5% 40% ALBUD.PA 5% 24% SFCA.PA 6% 7% ERA.PA 6% -6%

CAFO.PA 5% 55% EURS.PA 5% 6% EURS.PA 6% -4% SFCA.PA 6% -7%

AKW.PA 5% 19% MLSTR.PA 5% 88% ALPDX.PA 6% 10% ALBUD.PA 6% 11%

ALI2S.PA 5% -15% ALTEV.PA 5% 23% CRI.PA 5% 86% ALPDX.PA 5% 32%

ALDBL.PA 5% 7% CRI.PA 4% 0% CBOT.PA 5% 15% MLNEI.PA 5% -13%

PSB.PA 5% 15% TVLY.PA 4% 20% GIRO.PA 4% 11% COUR.PA 4% -1%

SFCA.PA 5% 4% ERA.PA 4% -22% COUR.PA 4% 7% MLSIM.PA 4% 3%

BELI.PA 4% 22% PAT.PA 4% 26% TVLY.PA 4% -12% TVLY.PA 4% 10%

KEY.PA 4% -16% SFCA.PA 4% -21% BASS.PA 3% 13% PAT.PA 3% -2%

CBOT.PA 4% 5% BASS.PA 4% -2% DPAM.PA 3% 8% GIRO.PA 2% 3%

MLHYE.PA 4% 1% KEY.PA 4% 6% PAT.PA 3% 3% BASS.PA 2% 29%

CDA.PA 3% 7% COUR.PA 3% -6% MLCMB.PA 2% 4% DPAM.PA 2% 3%

GIRO.PA 3% 29% TRI.PA 3% 1% CGM.PA 2% -20% MLIFC.PA 2% 0%

MLNEI.PA 3% 11% MLVIS.PA 3% 3% ORIA.PA 2% 11% LACR.PA 2% 33%

SAMS.PA 3% 21% ALADA.PA 2% 5% MLVIS.PA 2% 4% MLCMB.PA 2% 1%

CRI.PA 3% -4% MLCMB.PA 2% 1% MLIFC.PA 2% 0% GAM.PA 2% -4%

ALGIL.PA 3% 15% GAM.PA 2% 4% LACR.PA 2% 11% MLVIS.PA 1% 3%

TVLY.PA 3% -5% ALPDX.PA 2% -11% SAMS.PA 2% 13% ALDBL.PA 1% 0%

PERF. PORTFEUILLE 15% PERF. PORTFEUILLE 13% PERF. PORTFEUILLE 11% PERF. PORTFEUILLE 8%

BLUE OCEAN FRANCE – 2014PERF. PORTEFEUILLE : -7%PERF. INDICE CAC40 : +0%

30/03/2014 30/06/2014 30/09/2014 30/12/2014

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

ALBUD.PA 10% -28% ALBUD.PA 10% 2% ALBUD.PA 8% 3% ALMAS.PA 7% -24%

MLSTR.PA 6% 56% ALI2S.PA 10% -15% ALMAS.PA 10% -20% ALMAS.PA 8% -12%

ALI2S.PA 6% 3% MLSTR.PA 10% -21% SFCA.PA 10% -23% ALI2S.PA 8% -13%

MLHYE.PA 6% 16% ALMAS.PA 10% -29% ALI2S.PA 10% -23% CFI.PA 8% -90%

ALCOF.PA 6% 44% SPEL.PA 10% -12% MLSTR.PA 10% 45% SFCA.PA 8% -35%

HDP.PA 6% -13% SFCA.PA 10% -21% SPEL.PA 10% 0% SPEL.PA 8% 12%

BASS.PA 6% 30% MLHYE.PA 8% 1% MLHYE.PA 8% 2% ALHRG.PA 8% -10%

SFCA.PA 6% 6% EURS.PA 8% 32% ALHRG.PA 6% -20% NEX.PA 8% -8%

PAT.PA 6% 7% PAT.PA 7% 17% BASS.PA 4% -2% MLSTR.PA 8% 20%

ALHRG.PA 6% 45% BASS.PA 4% 4% MLIMP.PA 4% 9% MLHYE.PA 5% -14%

SPEL.PA 5% -11% COUR.PA 2% -4% EURS.PA 3% -4% EURS.PA 4% -18%

TVLY.PA 5% 15% MLCMB.PA 1% 3% ALADA.PA 3% 12% KEY.PA 4% 4%

ALTEV.PA 4% 21% TVLY.PA 1% 36% COUR.PA 3% 1% BASS.PA 4% -2%

ALADA.PA 4% 31% ALHRG.PA 1% -11% PAT.PA 2% 1% COUR.PA 2% 1%

MLSIM.PA 4% -1% MLVER.PA 1% 4% CROS.PA 1% 17% PAT.PA 2% -8%

MLVIS.PA 3% -3% STAL.PA 1% 14% MLCMB.PA 1% 1% ALCOF.PA 1% -11%

ALDBL.PA 3% 13% PVL.PA 1% 29% GIRO.PA 1% -9% GIRO.PA 1% -4%

LACR.PA 3% 26% CROS.PA 1% -3% MLVER.PA 1% 1% RNO.PA 1% 7%

ORIA.PA 2% 7% CBOT.PA 1% 1% KEY.PA 1% -14% MLCMB.PA 1% 6%

COUR.PA 1% -1% MLVIS.PA 1% 14% ALDBL.PA 1% -8% MLVER.PA 1% 9%

STAL.PA 1% 7% KEY.PA 1% -3% STAL.PA 1% 20% ALDBL.PA 1% -7%

PCA.PA 1% 28% EXAC.PA 1% -6% EXAC.PA 1% -8% CBOT.PA 1% -6%

MLCMB.PA 1% 2% GIRO.PA 1% -4% CBOT.PA 1% 0% EXAC.PA 1% -19%

MLVER.PA 1% -1% MALT.PA 1% 25% ALNSC.PA 1% 8% PCA.PA 1% -4%

PERF. PORTFEUILLE 17% PERF. PORTFEUILLE -8% PERF. PORTFEUILLE -2% PERF. PORTFEUILLE -12%

BLUE OCEAN FRANCE – 2015PERF. PORTEFEUILLE : +25%PERF. INDICE CAC40 : +6%

30/03/2015 30/06/2015 30/09/2015 30/12/2015

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

ALMAS.PA 10% 44% SFCA.PA 10% -9% MAU.PA 9% -12% MAU.PA 9% 4%

SFCA.PA 7% 20% ALGEV.PA 10% -3% ALBDM.PA 10% -6% SFCA.PA 9% 29%

ALI2S.PA 7% 18% SFCA.PA 10% 0% ALMAS.PA 10% 81% ALBUD.PA 9% -41%

ALBUD.PA 7% 35% ALI2S.PA 10% 24% EXAC.PA 10% -8% EXAC.PA 9% 3%

ALGEV.PA 7% 4% EXAC.PA 10% -13% ALGEV.PA 10% -4% ALBDM.PA 9% -12%

EXAC.PA 7% 51% MLSTR.PA 10% 8% ALBUD.PA 7% -45% ALGEV.PA 9% 10%

CATG.PA 6% 40% ALBUD.PA 7% 1% ALTRI.PA 6% 2% MLSTR.PA 8% 2%

CROS.PA 6% -12% MLHYE.PA 6% 17% ALDUB.PA 5% 4% INFE.PA 6% -3%

KEY.PA 6% 26% MLIMP.PA 5% 10% INFE.PA 5% -2% ALTRI.PA 5% 0%

ALBDM.PA 5% -10% ALBDM.PA 4% -20% ALI2S.PA 5% 2% ALHRG.PA 5% 5%

ALHIO.PA 5% 21% ALTRI.PA 3% -6% BASS.PA 4% 14% ALDUB.PA 3% 42%

ALHRG.PA 4% 14% COUR.PA 2% 9% ALADA.PA 4% 9% ALI2S.PA 3% 5%

ALTRI.PA 4% 5% AURE.PA 2% 8% MLSTR.PA 3% -10% CATG.PA 3% 3%

PVL.PA 4% 33% ALDUB.PA 2% -8% ALHRG.PA 2% -5% ALADA.PA 2% -2%

AURE.PA 4% 5% ALADA.PA 1% -1% PAT.PA 2% 3% COUR.PA 1% 3%

MLSTR.PA 3% -28% KEY.PA 1% 26% COUR.PA 2% -3% ALACT.PA 1% -22%

MLCMB.PA 3% 16% CBE.PA 1% 61% MLIMP.PA 1% 1% AURE.PA 1% 5%

ORIA.PA 3% 28% MEMS.PA 1% 6% MLHYE.PA 1% 4% PAT.PA 1% 0%

COUR.PA 2% 0% INFE.PA 1% -9% EMG.PA 1% -5% MLIMP.PA 1% 24%

MLHYE.PA 1% -9% ALHRG.PA 1% -4% CBOT.PA 1% 4% MLVER.PA 1% 10%

INFE.PA 1% -1% BASS.PA 1% -7% AURE.PA 1% -5% EMG.PA 1% -3%

PAT.PA 1% 13% EPCP.PA 1% 14% EOS.PA 1% -24% BASS.PA 1% 24%

PCA.PA 1% 13% ALEO2.PA 1% 1% ALEO2.PA 1% -17% EOS.PA 1% -11%

ALPDX.PA 1% 13% ALDBL.PA 1% 8% PCA.PA 1% 37% ALEO2.PA 1% -5%

PERF. PORTFEUILLE 14% PERF. PORTFEUILLE 7% PERF. PORTFEUILLE 3% PERF. PORTFEUILLE 0%

BLUE OCEAN FRANCE – 2016PERF. PORTEFEUILLE : +71%PERF. INDICE CAC40 : +5%

30/03/2016 30/06/2016 30/09/2016 30/12/2016

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

ALTXC.PA 8% 64% ALENT.PA 9% 0% ALENT.PA 10% 6% MLSRP.PA 12% 5%

SFCA.PA 9% 87% MAU.PA 8% -7% MLSRP.PA 9% 90% PARRO.PA 10% 8%

HDP.PA 9% -8% ALMOU.PA 8% 8% MAU.PA 9% 41% ALBDM.PA 10% 142%

EXAC.PA 9% 1% MLSRP.PA 8% 16% PARRO.PA 9% -24% ALTRI.PA 10% 8%

ALBDM.PA 9% 9% EXAC.PA 8% 9% ALBDM.PA 9% 5% MAU.PA 10% 2%

ALI2S.PA 8% 21% INFE.PA 8% 7% ALMOU.PA 9% 38% ALDIE.PA 8% -30%

INFE.PA 8% 5% PAT.PA 5% 1% INFE.PA 9% 28% INFE.PA 5% 7%

ALMOU.PA 6% -32% ALBDM.PA 5% -17% PAT.PA 6% 9% LACR.PA 4% 8%

MLHYE.PA 6% 13% CROS.PA 5% 20% ALTRI.PA 4% -21% MEMS.PA 4% 13%

FCMC.PA 4% 21% ALTRI.PA 5% 3% SABE.PA 4% 6% CATG.PA 3% 9%

EDI.PA 3% 8% EPCP.PA 5% 25% MEMS.PA 4% -5% SABE.PA 3% 18%

COUR.PA 3% 12% SABE.PA 4% 10% CATG.PA 3% 0% ALMOU.PA 3% -5%

GIRO.PA 3% -8% ALNSC.PA 4% 9% MLVIS.PA 3% 50% PAT.PA 3% 1%

MLVIS.PA 2% -8% EDI.PA 4% 14% ALBI.PA 1% 13% ALNSC.PA 3% 1%

ALADA.PA 2% -3% LACR.PA 4% 14% COUR.PA 1% 1% ALGLD.PA 2% 27%

SPEL.PA 2% 13% CDA.PA 3% 26% ALPJT.PA 1% 1% ALPJT.PA 2% 8%

ALNSC.PA 2% 7% MLVIS.PA 3% -4% ALNSC.PA 1% -1% COUR.PA 1% 2%

CDA.PA 1% -4% ALI2S.PA 2% 17% EMG.PA 1% 1% EMG.PA 1% 20%

ALPJT.PA 1% 0% ALADA.PA 2% 5% EXAC.PA 1% 34% ALI2S.PA 1% 5%

SABE.PA 1% 2% PARRO.PA 1% -30% ALI2S.PA 1% 9% EXAC.PA 1% 17%

CROS.PA 1% 11% GIRO.PA 1% 16% ALEO2.PA 1% 3% ALEO2.PA 1% 53%

MLSRP.PA 1% -18% EMG.PA 1% 0% ALADA.PA 1% 11% MLVER.PA 1% 4%

MLEDS.PA 1% 5% KEY.PA 1% 23% EDI.PA 1% 4% MLSRP.PA 1% -14%

ES.PA 1% -17% SPEL.PA 1% 21% ES.PA 1% -13% ES.PA 1% 18%

PERF. PORTFEUILLE 10% PERF. PORTFEUILLE 12% PERF. PORTFEUILLE 18% PERF. PORTFEUILLE 18%

BLUE OCEAN FRANCE – 2017PERF. PORTEFEUILLE : +55%PERF. INDICE CAC40 : +11%

30/03/2017 30/06/2017 30/09/2017 30/12/2017

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

MLVER.PA 11% 60% MLVER.PA 11% 42% MLBAT.PA 12% 16% MLCIO.PA 15% 36%

ALMOU.PA 12% -6% ES.PA 11% 41% MLSRP.PA 11% 64% OSE.PA 12% 10%

FCMC.PA 11% 10% ALMOU.PA 11% 27% OSE.PA 11% -23% ALMOU.PA 11% 11%

ALI2S.PA 10% 8% MLSRP.PA 11% -1% ES.PA 7% 13% ALGLD.PA 9% -9%

MLHYE.PA 6% 2% MLVIS.PA 9% 17% SFCA.PA 7% 10% ALI2S.PA 7% -13%

CROS.PA 6% 7% MLVIN.PA 8% 38% ALMOU.PA 6% -7% JXR.PA 6% -7%

EXAC.PA 5% 9% MLHYE.PA 7% 5% MLHYE.PA 6% 7% INFE.PA 5% -2%

MLHYD.PA 4% -1% ALI2S.PA 5% -2% ALI2S.PA 5% -9% MLHYD.PA 4% 0%

MLVIN.PA 4% -13% ALPAR.PA 4% 33% ALPAR.PA 4% 16% MLHYE.PA 4% -18%

ALHRG.PA 4% 20% MLHYD.PA 4% 0% INFE.PA 4% 2% MLVER.PA 4% -2%

ALPAR.PA 4% -1% ALBI.PA 2% 15% MLHYD.PA 4% 85% ALACT.PA 4% 27%

ALADA.PA 3% 9% COUR.PA 2% 7% ALACT.PA 3% -36% ALTRI.PA 3% 13%

MLVER.PA 3% 0% ALGLD.PA 1% -1% JXR.PA 3% -29% MLVIN.PA 3% 61%

PAT.PA 2% 3% INFE.PA 1% -4% ALGLD.PA 3% -8% ALADA.PA 2% 7%

COUR.PA 2% 0% ALADA.PA 1% 2% MLVIS.PA 2% 36% ES.PA 2% -7%

ALPJT.PA 2% 14% ALEO2.PA 1% 47% MLVIN.PA 2% -3% ALBI.PA 2% -2%

ALBI.PA 2% 35% ALTRI.PA 1% 7% COUR.PA 2% 16% COUR.PA 2% 10%

MLVIS.PA 1% 0% MAU.PA 1% 4% ALADA.PA 1% 2% SFCA.PA 1% 42%

INFE.PA 1% 6% SFCA.PA 1% -13% MAU.PA 1% 9% ALPAR.PA 1% -11%

ALACT.PA 1% 71% MLSTR.PA 1% 81% CBOT.PA 1% 7% MAU.PA 1% -3%

ALEO2.PA 1% 28% CBOT.PA 1% -1% MLSTR.PA 1% -5% GIRO.PA 1% 15%

ALTRI.PA 1% 0% GIRO.PA 1% 2% MLSIM.PA 1% 20% PAT.PA 1% -13%

HIPAY.PA 1% 18% HF.PA 1% 7% GIRO.PA 1% -2% ALCOF.PA 1% -3%

CBOT.PA 1% 5% MLEDS.PA 1% 1% PAT.PA 1% 1% HF.PA 1% -3%

PERF. PORTFEUILLE 6% PERF. PORTFEUILLE 22% PERF. PORTFEUILLE 14% PERF. PORTFEUILLE 5%

BLUE OCEAN FRANCE – 2018PERF. PORTEFEUILLE : +1%PERF. INDICE CAC40 : -14%

30/03/2018 30/06/2018 30/09/2018 30/12/2018

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

MLCIO.PA 8% -12% MLCIO.PA 8% 21% MLCIO.PA 7% -33% MLCIO.PA 5% -25%

MLBAT.PA 15% -15% MLSRP.PA 8% 128% MLBAT.PA 8% -47% MLBAT.PA 7% 39%

ES.PA 15% -23% ES.PA 8% 12% ES.PA 8% -11% ES.PA 7% -23%

MLVIN.PA 8% 33% MLBAT.PA 8% -11% ALTXC.PA 8% 13% ALADM.PA 7% -22%

MLHYE.PA 7% -27% ALTXC.PA 8% 3% MLHYE.PA 8% 20% ALTRI.PA 7% -12%

MLHYD.PA 6% -20% MLHYE.PA 8% 11% MLHYD.PA 8% 0% ALTXC.PA 7% 6%

ALI2S.PA 5% 7% ALMOU.PA 8% 10% ALMOU.PA 8% -6% MLSIM.PA 7% -4%

ALMOU.PA 5% -11% MLHYD.PA 8% 0% ALTRI.PA 6% -6% HF.PA 7% -16%

ALNSC.PA 2% 8% ALGEV.PA 6% 2% PAT.PA 6% -5% ALEO2.PA 7% -29%

ALBI.PA 1% -2% EXAC.PA 6% 20% ALEO2.PA 5% -12% ALMOU.PA 6% -34%

EXAC.PA 1% -12% PAT.PA 5% 0% ALGEV.PA 5% -4% MLVIN.PA 6% -7%

CBOT.PA 1% 5% HF.PA 4% -2% HF.PA 4% -19% PAT.PA 5% -11%

COUR.PA 1% -7% ALNSC.PA 4% 14% MLSRP.PA 4% 81% ALI2S.PA 2% 3%

MAU.PA 1% 7% CBOT.PA 1% -3% CBOT.PA 3% 3% ERYP.PA 2% -21%

ALGEV.PA 1% 0% MLVIN.PA 1% 0% MLVIN.PA 2% -9% MLHYE.PA 2% 7%

ALCOF.PA 1% -2% ALBI.PA 1% 15% ALI2S.PA 2% -2% CBOT.PA 2% -13%

HF.PA 1% 1% ALDBL.PA 1% 10% ALDBL.PA 1% 3% ALNSC.PA 2% 0%

PAT.PA 1% 0% ALCOF.PA 1% 1% EXAC.PA 1% 0% ALGEV.PA 1% -6%

JXR.PA 1% 82% INFE.PA 1% 4% ALNSC.PA 1% -4% ALFBA.PA 1% -48%

ALDUB.PA 1% 12% ALGLD.PA 1% 4% INFE.PA 1% 0% INFE.PA 1% -5%

EMG.PA 1% -7% ALTRI.PA 1% -18% ALGLD.PA 1% 8% MLVER.PA 1% 9%

MLVER.PA 1% -16% EMG.PA 1% 3% ALCOF.PA 1% 2% EXAC.PA 1% -18%

ALGLD.PA 1% -14% MLVER.PA 1% 2% ERYP.PA 1% -23% ALCOF.PA 1% -4%

INFE.PA 1% -3% ALI2S.PA 1% -1% ALDUB.PA 1% 3% ALDBL.PA 1% -13%

PERF. PORTFEUILLE 0% PERF. PORTFEUILLE 14% PERF. PORTFEUILLE 0% PERF. PORTFEUILLE -11%

BLUE OCEAN FRANCE – 2019PERF. PORTEFEUILLE : +28%PERF. INDICE MONDE : +30%

30/03/2019 30/06/2019 30/09/2019 30/12/2019

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

MLCIO.PA 6% -30% MLCIO.PA 5% 14% SRP.PA 4% 17% MLBAT.PA 6% -28%

MLBAT.PA 5% -17% MLBAT.PA 6% -39% MLBAT.PA 5% 9% MLBAT.PA 4% 22%

ALTXC.PA 5% 60% ALMER.PA 6% -11% SRP.PA 5% -20% ALMER.PA 4% -9%

MLSRP.PA 5% 45% ALTRI.PA 6% -29% ALTRI.PA 5% 22% ALMOU.PA 4% 41%

ALADM.PA 5% 104% ALMOU.PA 6% -16% ALMER.PA 5% -8% PSB.PA 4% 2%

ALMER.PA 5% 7% BUI.PA 6% 24% ALMOU.PA 5% -7% PVL.PA 4% 12%

MLPAC.PA 5% 44% ALEO2.PA 6% 25% PVL.PA 5% -4% ALTRI.PA 4% 19%

ALEO2.PA 5% 13% PVL.PA 6% -24% MAU.PA 5% -4% MAU.PA 4% 1%

ALMOU.PA 5% 9% MAU.PA 6% -15% ES.PA 5% -3% CAFO.PA 4% 10%

ALIMO.PA 5% 73% MLVIN.PA 6% 60% ALIMO.PA 5% 32% PIG.PA 4% -10%

MAU.PA 5% 8% MLSRP.PA 6% 0% IVA.PA 5% 12% ES.PA 4% -5%

MLVIN.PA 5% 37% ALNSC.PA 6% -15% MLVIN.PA 5% -42% ALLOG.PA 4% 61%

ES.PA 5% -1% GPE.PA 5% 2% PSB.PA 5% -21% FLE.PA 4% 10%

HF.PA 5% 15% AKW.PA 5% 12% ALIMR.PA 5% -5% BUI.PA 4% 0%

GPE.PA 5% 8% ALCOF.PA 3% -5% ALNSC.PA 5% -7% ALIMR.PA 4% -17%

BUI.PA 5% -6% ES.PA 2% -27% BUI.PA 4% -6% ALNSC.PA 4% 0%

PVL.PA 5% -2% INFE.PA 2% -11% MLSRP.PA 4% 159% ALNN6.PA 4% -33%

ALTRI.PA 4% -17% ALDUB.PA 2% 1% INFE.PA 4% -2% GPE.PA 4% -5%

PSB.PA 4% 12% ALDBL.PA 2% 14% ALCOF.PA 3% -5% ALCOF.PA 4% 7%

PAT.PA 4% 12% PAT.PA 2% 5% CAFO.PA 3% -24% PAT.PA 4% 13%

ALLOG.PA 3% 15% ALFBA.PA 1% 27% ALLOG.PA 2% -26% INFE.PA 4% 2%

CBOT.PA 3% 11% ALGEV.PA 1% 7% ALDUB.PA 2% -6% HF.PA 4% 7%

INFE.PA 2% 7% GID.PA 1% -9% ALI2S.PA 1% 27% IVA.PA 4% 65%

ALI2S.PA 2% 30% ERYP.PA 1% -15% ALEO2.PA 1% 2% ALDUB.PA 3% -23%

PERF. PORTFEUILLE 19% PERF. PORTFEUILLE -4% PERF. PORTFEUILLE 4% PERF. PORTFEUILLE 8%

BLUE OCEAN FRANCE – 2020PERF. PORTEFEUILLE : +1%PERF. INDICE CAC40 : -17%

30/03/2020 30/06/2020

SYMBOLE ALLOCATION PERF. SYMBOLE ALLOCATION PERF.

XXX 4% 16% XXX

XXX 6% -26% XXX 4% 178%

XXX 6% -35% XXX 4% 18%

XXX 6% -21% XXX 4% 6%

XXX 6% -15% XXX 4% -2%

XXX 6% -35% XXX 4% -11%

XXX 6% -32% XXX 4% 16%

XXX 6% -16% XXX 4% 80%

XXX 6% -22% XXX 4% 28%

XXX 6% -14% XXX 4% 14%

XXX 6% -34% XXX 4% 53%

XXX 6% -24% XXX 4% 6%

XXX 6% -21% XXX 4% 170%

XXX 5% -18% XXX 4% 22%

XXX 4% -27% XXX 4% 9%

XXX 3% -44% XXX 4% -7%

XXX 2% -46% XXX 4% 34%

XXX 2% -24% XXX 4% 32%

XXX 1% -11% XXX 4% 71%

XXX 1% -18% XXX 4% -2%

XXX 1% -10% XXX 4% 12%

XXX 1% -16% XXX 4% -7%

XXX 1% -18% XXX 4% -2%

XXX 1% -15% XXX 4% 85%

PERF. PORTFEUILLE -25% PERF. PORTFEUILLE 34%