Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.

L&G DAX® Daily 2x Short UCITS ETF

Share Class EUR Accumulating ETF - ISIN: IE00B4QNHZ41. The Fund is a sub-fund of Legal & General UCITS ETF Plc (the "Company").

Managed by LGIM Managers (Europe) Limited, a member of the Legal & General group (the "Manager")

OBJECTIVES AND INVESTMENT POLICY

The L&G DAX® Daily 2x Short UCITS ETF (the "Fund") is a passively

to how actively a company’sshares are traded). Each company is

managed exchange traded fund ("ETF") that aims to track the performance of

weighted according to its relative size. In tracking the Index, the Fund is

the ShortDAX® x2 Index (the "Index"), subject to the deduction of the

exposed on each day to an inverse multiple (by a factor of 2) of that day’s

ongoing charges and other costs associated with operating the Fund.

movement in the value of the Underlying Index as adjusted to reflect the

Interest Rate and Borrowing Cost built into the Index and charges and

Dealing. Shares in this share class (the “ Shares”) are denominated

expenses applied to the Fund. As the Index rebalances daily, the Fund may

in EUR and can be bought and sold on stock exchanges by ordinary investors

not be a suitable investment for periods of longer than one day.

using an intermediary (e.g. a stockbroker). In normal circumstances, only

Authorised Participants may buy and sell Shares directly with the Company.

Replication. In order to track the Index, the Company will primarily enter into

Authorised Participants may redeem their Shares on demand in accordance

"total return swap" agreements with one or more "swap counterparties" (i.e.

with the “Dealing Timetable” published on www.lgim.com.

investment banks) pursuant to which the Fund receives the financial

performance of the Index from the swap counterparties in return for a fee.

Index. The Index is a leveraged inverse Index. The daily percentage change

Under the swap agreements, the Fund receives payments from the swap

in the level of the Index is intended to reflect twice the daily percentage

counterparties when the Index increases and makes payments to the swap

change in the level of the DAX® Index (the "Underlying Index") on ancounterparties when the Index decreases. Swaps enable the Fund to

inverse basis plus an implied amount reflecting the interest accruing on the efficiently track the upward or downward performance of the Index without

cash proceeds earned from the sale of the Underlying Index portfolio (thehaving to purchase the shares of the companies comprised in the Index. The

"Interest Rate") less an implied amount reflecting the cost of borrowing the swap arrangements are "unfunded" which means that the Fund retains all

Underlying Index portfolio so as to create the leveraged exposure (the

investor subscription money (rather than transferring it to the swap

"Borrowing Cost"). The Underlying Index is comprised of 40 of the largestcounterparty) and invests it in a diversified portfolio of low risk assets.

and most liquid companies that are listed on the Frankfurt Stock Exchange.

Size is determined by reference to the total market value of the proportion of a Dividend Policy. This share class does not intend to pay dividends. Any

company’sshares that are freely tradable by the public (i.e. not subject toincome which may result from the Fund’s investments will be re-invested into

any restrictions or fixed ownership) and "liquidity" is determined by reference

the Fund.

RISK AND REWARD PROFILE Lower RiskHigher Risk are different from EUR, in which case exchange rate fluctuations will impact

the value of your investment. In addition, the return in the currency of this

share class may be different to the return in your own currency. Potentially lower rewards

Potentially higher rewards

If a swap counterparty is no longer willing or able to continue entering into 1

2

3

4

5

6

7 swaps with the Fund, the Fund may not be able to continue tracking the Index

and may need to close.

The Fund is rated 7 due to the nature of its investments and its risks. The

rating is calculated based on historical data and may not be a reliable

If a swap counterparty increases the cost of entering into swaps with the

indication of the Fund’s future risk profile. The risk category may shift over

Fund, the Fund’s performance will be negatively impacted.

time. The lowest category on the above scale does not mean “risk free”.

Third party service providers (such as swap counterparties or the Company’s

For periods of longer than one day, the return of the Index is not the same as

depositary) may go bankrupt and fail to pay money due to the Fund or return

the inverse return of the Underlying Index multiplied by a factor of 2. This is

property belonging to the Fund.

because the x2 leverage factor is reset on a daily basis (i.e. the x2 leverage

factor is applied to the inverse performance of the Underlying Index on each If the Index provider stops calculating the Index or if the Fund’s license to

day).track the Index is terminated, the Fund may have to be closed.

It may not always be possible to buy and sell Shares on a stock exchange or

The daily reset has a “compounding effect” which means that, the moreat prices closely reflecting the NAV.

volatile the performance of the Underlying Index, the more the performance of

the Index will deviate from the inverse performance of the Underlying Index

There is no capital guarantee or protection on the value of the Fund. Investors

(multiplied by a leverage factor of 2) over a given period of time.

can lose all the capital invested in the Fund. The risk and reward indicator may not take account of the following risks of Please refer to the “Risk Factors” section of the Company’s Prospectus and investing in the Fund :

the Fund Supplement.

The Fund may have underlying investments that are valued in currencies that CHARGES FOR THE FUND The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return from your investment.

One-off charges taken before or after you invest

Ordinary investors (i.e. who buy and sell Shares on stock exchanges) are not charged entry or exit charges by the Company but may be charged

Entry charge 0.00%*dealing costs and fees by their stockbroker. Please consult your stockbroker and/or investment adviser for details of such fees.

Exit charge

0.00%* The ongoing charges figure is based on expenses for the 12 month period

This is the maximum that might be taken out of your money before it is ended 31 December 2024 and may vary from year to year . The ongoing charges figure excludes portfolio transaction costs (except for the custody

invested or before the proceeds of your investment are paid out.

transaction costs paid to the Depositary which are included).

Charges taken from the Share Class over a year For more information about charges, please see the “Fees and Expenses” section of the Company’s Prospectus and the “Dealing Procedures” and

Ongoing charge

0.60% “Dealing Information” sections of the Fund Supplement which are available at: www.lgim.com.

Charges taken from the Share Class over a year

Performance fee

None *Authorised Participants dealing directly with the Company will pay related transaction costs

PAST PERFORMANCE The Fund has been in existence since 16 June 2009. This Share Class

40 has been in existence since 16 June 2009.

30The chart shows the annual performance of the share class in EUR for each full calendar year over the period displayed in the chart.

20 Ongoing charges have been included in the calculation of past

10performance. Any entry/exit charges have been excluded from the (return %)0calculation. Past performance is not a guide to future performance.

-10

-20

-30

-40

-502015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ■ Share Class

-31.0 -25.3 -25.8 35.4 -41.6 -34.4 -31.5 8.9 -28.6 -24.6 ■ Index-29.9 -24.1 -24.6 37.3 -41.1 -34.0 -31.2 9.7 -28.0 -24.5

PRACTICAL INFORMATION

The Fund's depositary is The Bank of New York Mellon SA/NV, Dublin Branch.

The Fund is one of a number of sub-funds of the Company. The assets and liabilities of each sub-fund are segregated from each other by Irish law. Although the

rights of investors and creditors are normally limited to the assets of each sub-fund, the Company is a single legal entity that may operate in jurisdictions which

may not recognise such segregation.

The Company is resident in Ireland for taxation purposes. This may have an impact on your personal tax position. Please consult your investment or tax adviser

for advice on your own tax liabilities.

The Manager may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant

parts of the Company’s Prospectus.

Further information about the Fund and the share class can be obtained from the Company’s Prospectus and Fund Supplement and the annual and interim

financial statements (that are prepared for the Company as a whole), which are available, in addition to the latest available NAV for the share class and details of

the Fund’s portfolio, at: www.lgim.com. These documents are available free of charge in English and certain other languages.

Switching of shares between this share class and other share classes of the Fund and/or other sub-funds of the Company is not permitted.

An indicative intra-day net asset value (“iNAV”) for the Share Class will be available at: https://www.solactive.com/

Details of the Manager’s uptodate policy in respect of remuneration, including a description of how remuneration and benefits are calculated and the identities of

the persons responsible for awarding same can be accessed from the following website: www.lgim.com. A paper copy is also available free of charge from the

Manager upon request.

LGIM Managers (Europe) Limited is authorised in Ireland and regulated by the Central Bank of Ireland.

Legal & General UCITS ETF Plc is authorised in Ireland and regulated by the Central Bank of Ireland.

This key investor information is accurate as at 19 February 2025.