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 UK Index-Linked Gilts Active UCITS ETF a sub-fund of M&G (Ireland) ETF ICAV GBP Accumulation shares (IE000KEV0H41) M&G UK Index-Linked Gilts Active 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? Typereasonable administration costs, provided that the completed buy-back This is an open-ended umbrella type Irish collective asset-management request has also been received. vehicle (ICAV). Investors should note that the Minimum Redemption Amount only applies to transactions on the Primary Market and that Secondary Market Objectives investors can sell Shares in any amounts that are provided for by the Investment objective M&G UK Index-Linked Gilts Active UCITS ETF (therelevant stock exchange. "Sub-Fund") aims to provide a combination of capital growth and income Distribution Policy With respect to the Accumulation Share Classes in all higher than that of the UK Government index-linked bond market over a Sub-Funds, the Directors have determined to accumulate all net 5-year period. investment income and net realised capital gains attributable to such Investment policies The Sub-Fund invests at least 90% of its Net Asset Accumulation Share Classes and therefore do not intend to declare Value directly or through derivatives in bonds issued or guaranteed by the dividends in respect of Shares in such Share Classes. UK government, rated investment grade and denominated in GBP with at Fund Currency The reference currency of the Sub-Fund is GBP and the least 70% of its Net Asset Value invested in Index-Linked Gilts. Index-linked currency of the share class is GBP. gilts are UK government bonds where the coupon payments and principal repayment are adjusted based on the Retail Price Index (RPI), a measure of If any non-GBP denominated assets are held by the Sub-Fund, the inflation in the UK. Up to 10% of the Sub-Fund may be invested in other currency exposure may be hedged back to GBP. funds (including funds managed by the Investment Manager or its affiliates) and cash or assets that can be turned into cash quickly.Intended retail investor This Sub-Fund is suitable for all types of investors, with basic investment The Sub-Fund is diversified across a range of predominantly Index-Linkedknowledge, seeking to invest in an actively managed fund pursuing the UK government-issued or guaranteed debt securities. The Investment objective and investment policy of the Sub-Fund as described above. Manager applies a flexible investment approach and typically aims to take positions where it believes individual assets are mis-priced. This There is no guarantee that the Sub-Fund will achieve its objective and involves buying those debt securities which the Investment Manager investors should appreciate that their capital will be at risk and that the believes offer the best value and can provide a source of outperformance, value of their investment and any derived income may fall as well as rise. taking into consideration the relative valuations of the different assets. In each case it is expected that all investors will understand and appreciate the risks associated with investing in Shares of the Sub-Fund Derivatives usage For investment purposes and to reduce risk and cost. and investors should be looking to invest for at least five years. Benchmark iBoxx UK Gilt Inflation-Linked Index is used as a Benchmark. The Benchmark is a comparator against which the Sub-Fund's Term performance can be measured. While the Investment Manager expects The Fund has no set maturity date but is designed to be held for a to outperform the Benchmark (net of fees), there is no guarantee this will minimum of 5 years. However, it is possible for the Directors of the occur or such outperformance may be limited or minimal at times. Thecompany to terminate the Fund, without the prior consent of the Sub-Fund is actively managed. The Investment Manager has complete shareholders, where it is deemed to be uneconomic to run or in the best freedom in choosing which investments to buy, hold and sell in the Sub- interest of the shareholders. Refer to the prospectus for more information. Fund. Its holdings may deviate significantly from the Benchmark's constituents and as a result the Sub-Fund's performance may deviate Practical information significantly from the Benchmark. Depositary The ICAV has appointed State Street Custodial Services (Ireland) Limited to act as depositary of all of the ICAV's assets, pursuant Redemption and Dealing Shareholders may redeem Shares on anyto the Depositary Agreement. Dealing Day at the appropriate Net Asset Value per Share, subject to an appropriate provision for Duties and Charges, provided that a valid Further information Additional information about the Sub-Fund redemption request from the Shareholder is received by the including the prospectus and latest annual reports (and half-yearly Administrator by the Dealing Deadline in respect of the relevant Dealingreports) can be obtained from the Management Company. These Day, in accordance with the provisions set out in this section and at the documents are available free of charge in English at the Management "Purchase and Sale Information" section of the Prospectus. Settlement will Company website https://funds.waystone.com/public. Potential investors take place within a maximum of ten Business Days of the Dealing Day.and investors who are not Authorised Participants can only purchase and Investors who are not Authorised Participants must buy and sell shares on sell the Shares of the Sub-Funds on the Secondary Market through a a Secondary Market with the assistance of an intermediary (e.g. a broker/dealer on a recognised stock exchange or over-the-counter. Prices stockbroker) and may incur fees and additional taxes in doing so. will be obtained for this purpose by the Administrator from independent Redemption orders will be processed on the Dealing Day on which the sources, such as recognised pricing services or brokers specialising in the Shares are received back into the account of the transfer agent by the relevant markets. dealing cut-off time less any applicable Duties and Charges and otherPage 1/3 | Key Information Document | 1 December 2025 M&G UK Index-Linked Gilts Active UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – GBP Accumulation shares (IE000KEV0H41) 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 30 November 2021 and 29 August 2025. Moderate: this type of scenario occurred for an investment between 29 September 2017 and 30 September 2022. Favourable: this type of scenario occurred for an investment between 31 December 2015 and 31 December 2020. Recommended holding period 5 years Example Investment 10,000 GBPIf 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 1,169 GBP1,027 GBPAverage return each year-88.3% -36.6% Unfavourable What you might get back after costs 6,627 GBP5,565 GBPAverage return each year-33.7% -11.1% Moderate What you might get back after costs 10,127 GBP 8,255 GBPAverage return each year1.3% -3.8% Favourable What you might get back after costs 12,759 GBP 14,442 GBPAverage return each year27.6%7.6% 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 GBP is invested. Page 2/3 | Key Information Document | 1 December 2025 M&G UK Index-Linked Gilts Active UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – GBP Accumulation shares (IE000KEV0H41) If you exit after If you exit after1 year 5 yearsTotal Costs 29 GBP 160 GBPAnnual cost impact* 0.3% 0.3% 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 -3.5% before costs and -3.8% 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 GBPExit costs 0.00%, we do not charge an exit fee for this product, but the person selling you 0 GBPthe product may do so.Ongoing costs taken each year If you exit after 1 yearManagement fees and other0.15% of the value of your investment per year. 15 GBP administrative or operating This is an estimate based on actual costs over the last year. costsTransaction costs0.14% of the value of your investment per year. This is an estimate of the costs 14 GBPincurred when we buy and sell the underlying investments for the product. Theactual amount will vary depending on how much we buy and sell.Incidental costs taken under specific conditions If you exit after 1 yearPerformance fees There is no performance fee for this product.0 GBP 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