Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product M&G Global Maxima Equity UCITS ETF a sub-fund of M&G (Ireland) ETF ICAV USD Accumulation shares (IE000AEM1K78) M&G Global Maxima Equity UCITS ETF is authorised in Ireland and regulated by the Central Bank of Ireland. The PRIIPs Manufacturer and the Management Company is Waystone Management Company (IE) Limited which is authorised in Ireland and supervised by the Central Bank of Ireland. For more information on this product, please refer to https://funds.waystone.com/public or call +353 (0)16192300. Accurate as of: 1 December 2025 What is this product? Type Redemption orders will be processed on the Dealing Day on which the This is an open-ended umbrella type Irish collective asset-management Shares are received back into the account of the transfer agent by the vehicle (ICAV).dealing cut-off time less any applicable Duties and Charges and otherreasonable administration costs, provided that the completed buy-back Objectives request has also been received. Investment objective Investors should note that the Minimum Redemption Amount only M&G Global Maxima Equity UCITS ETF (the "Sub-Fund") aims to provide a applies to transactions on the Primary Market and that Secondary Market combination of capital growth and income that is higher than the globalinvestors can sell Shares in any amounts that are provided for by the equity market over a five-year period. relevant stock exchange. Investment policies At least 80% of the Sub-Fund is invested in theDistribution Policy With respect to the Accumulation Share Classes in all shares of companies across any sector and of any size, from anywhere inSub-Funds, the Directors have determined to accumulate all net the world, including emerging markets. The Sub-Fund may invest in Chinainvestment income and net realised capital gains attributable to such A-Shares via Stock Connect or via the QFI status granted to theAccumulation Share Classes and therefore do not intend to declare Investment Manager. The Sub-Fund may invest in other funds (including dividends in respect of Shares in such Share Classes. funds managed by the Investment Manager or its affiliates) and up to 20%Fund Currency The reference currency of the Sub-Fund is USD and the in cash and assets that can be turned into cash quickly.currency of the share class is USD. The Sub-Fund's approach to stock selection is driven by the quantitative analysis of individual companies. The Investment Manager uses proprietary Intended retail investor data analysis and machine-learning techniques to help identify stocks that The Sub-Fund is designed for retail and institutional investors seeking to are expected to outperform the global equity markets and therefore gain a combination of capital growth and raising income from a included in the portfolio. diversified portfolio that invests in a range of companies globally, but With inputs from the Investment Manager, the machine learning modelwho appreciate that their capital will be at risk and that the value of their evaluates a global universe of stocks to assess which stocks are most likely investment and any derived income may fall as well as rise. In each case it to outperform their peers. The Investment Manager uses these is expected that all investors will understand and appreciate the risks recommendations when deciding which stocks to include in the associated with investing in the Sub-Fund. This Sub-Fund is designed for portfolio, while taking into consideration other factors such as exposure investors who have an investment time horizon of at least five years. to countries, sectors, currencies and industries and recent news or events.Term Derivatives usage To reduce risk and cost. The Fund has no set maturity date but is designed to be held for a Benchmark MSCI ACWI Net Return Index is used as a Benchmark. The minimum of 5 years. However, it is possible for the Directors of the Benchmark is a comparator against which the Sub-Fund's performance company to terminate the Fund, without the prior consent of the can be measured. While the Investment Manager expects to outperformshareholders, where it is deemed to be uneconomic to run or in the best the Benchmark (net of fees), there is no guarantee that this will be interest of the shareholders. Refer to the prospectus for more information. achieved, or such outperformance may be limited or minimal at times.Practical information The Sub-Fund is actively managed. The Investment Manager has complete freedom in choosing which investments to buy, hold and sell in the Sub-Depositary The ICAV has appointed State Street Custodial Services Fund. Its holdings may deviate significantly from the Benchmark's (Ireland) Limited to act as depositary of all of the ICAV's assets, pursuant constituents and as a result the Sub-Fund's performance may deviateto the Depositary Agreement. significantly from the Benchmark. Further information Additional information about the Sub-Fund Redemption and Dealing Shareholders may redeem Shares on any including the prospectus and latest annual reports (and half-yearly Dealing Day at the appropriate Net Asset Value per Share, subject to anreports) can be obtained from the Management Company. These appropriate provision for Duties and Charges, provided that a validdocuments are available free of charge in English at the Management redemption request from the Shareholder is received by the Company website https://funds.waystone.com/public. Potential investors Administrator by the Dealing Deadline in respect of the relevant Dealing and investors who are not Authorised Participants can only purchase and Day, in accordance with the provisions set out in this section and at the sell the Shares of the Sub-Funds on the Secondary Market through a "Purchase and Sale Information" section of the Prospectus. Settlement will broker/dealer on a recognised stock exchange or over-the-counter. Prices take place within a maximum of ten Business Days of the Dealing Day. will be obtained for this purpose by the Administrator from independent Investors who are not Authorised Participants must buy and sell shares on sources, such as recognised pricing services or brokers specialising in the a Secondary Market with the assistance of an intermediary (e.g. a relevant markets. stockbroker) and may incur fees and additional taxes in doing so. Page 1/3 | Key Information Document | 1 December 2025 M&G Global Maxima Equity UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – USD Accumulation shares (IE000AEM1K78) What are the risks and what could I get in return? Risk IndicatorWe have classified this product as 4 out of 7, which is a medium risk class. This rates the potential losses from future performance at a medium level, Lower risk Higher riskand poor market conditions could impact the capacity of the Sub-Fund to pay you. Be aware of currency risk. You may receive payments in a different1 2 3 4 5 6 7currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator The risk indicator assumes you keep the product for 5 years. shown above. Beside the risks included in the risk indicator, other risks may affect the fund performance. Please refer to the fund prospectus, available free of The summary risk indicator is a guide to the level of risk of this product charge at www.waystone.com/. compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. Performance scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. Unfavourable: this type of scenario occurred for an investment between 29 September 2017 and 30 September 2022. Moderate: this type of scenario occurred for an investment between 28 February 2019 and 29 February 2024. Favourable: this type of scenario occurred for an investment between 31 March 2020 and 31 March 2025. Recommended holding period 5 years Example Investment 10,000 USDIf you exit after 5 years If you exit after (recommended Scenarios 1 yearholding period) MinimumThere is no minimum guaranteed return. You could lose some or all of your investment. Stress What you might get back after costs 3,276 USD2,745 USDAverage return each year-67.2% -22.8% Unfavourable What you might get back after costs 7,500 USD11,137 USDAverage return each year-25.0% 2.2% Moderate What you might get back after costs 10,831 USD 14,613 USDAverage return each year8.3% 7.9% Favourable What you might get back after costs 16,300 USD 17,928 USDAverage return each year63.0%12.4% What happens if Waystone Management Company (IE) Limited is unable to pay out? The Management Company has no obligation to pay out since the Fund design does not contemplate any such payment being made. You are not covered by any national compensation scheme. To protect you, the assets are held with a separate company, a depositary. Should the Fund default, the depositary would liquidate the investments and distribute the proceeds to the investors. In the worst case, however, you could lose your entire investment. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: Qin the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario, Q10,000 USD is invested. Page 2/3 | Key Information Document | 1 December 2025 M&G Global Maxima Equity UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – USD Accumulation shares (IE000AEM1K78)If you exit after If you exit after 1 year 5 yearsTotal Costs 403 USD2,519 USDAnnual cost impact* 4.0% 4.5% each year (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 12.4% before costs and 7.9% after costs. Composition of costsOne-off costs upon entry or exit If you exit after 1 yearEntry costs 0.00%, we do not charge an entry fee.0 USDExit costs 0.00%, we do not charge an exit fee for this product, but the person selling you 0 USD the product may do so.Ongoing costs taken each yearIf you exit after 1 yearManagement fees and other 0.55% of the value of your investment per year. 55 USD administrative or operating This is an estimate based on actual costs over the last year. costsTransaction costs 3.48% of the value of your investment per year. This is an estimate of the costs 348 USD incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.Incidental costs taken under specific conditions If you exit after 1 yearPerformance feesThere is no performance fee for this product.0 USD How long should I hold it and can I take money out early? Recommended holding period: 5 years This product is designed for longer term investments; you should be prepared to stay invested for at least 5 years. However, you can redeem your investment without penalty at any time during this period, or hold the investment longer. The Fund is a daily dealing Fund and investors may redeem units on demand on any dealing day, as set out in the Supplement of the Fund and subject to an appropriate provision for Duties and Charges, provided that a valid redemption request from the Shareholder is received by the Administrator by the Dealing Deadline in respect of the relevant Dealing Day in accordance with the provisions set out in the "Purchase and Sale Information" section of the Prospectus. How can I complain? You can send your complaint to the Management Company as outlined at https://www.waystone.com/waystone-policies or at the following postal address: 35 Shelbourne Rd, Ballsbridge, Dublin, D04 A4E0, Ireland or by e-mail to complianceeurope@waystone.com. If you have a complaint about the person that advised you about this product, or who sold it to you, they will tell you where to complain. Other relevant information Cost, performance and risk The cost, performance and risk calculations included in this key information document follow the methodology prescribed by EU rules. Performance scenarios You can find previous performance scenarios updated on a monthly basis at https://funds.waystone.com/public. Past performance There is insufficient performance data available to provide a chart of annual past performance. Additional information Details of the up-to-date remuneration policy of the Management Company (including a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits) are available on www.waystone.com/waystone- policies/. A paper copy will be made available upon request and free of charge by the Management Company. The Fund is subject to the tax laws and regulations of Ireland. Depending on your home country of residence, this may have an impact on your investment. For further details, please speak to an adviser. Page 3/3 | Key Information Document | 1 December 2025