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 Gilts Active UCITS ETF a sub-fund of M&G (Ireland) ETF ICAV GBP Accumulation shares (IE000PTM74B6) M&G UK 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? Type

Investors should note that the Minimum Redemption Amount only This is an open-ended umbrella type Irish collective asset-management

applies to transactions on the Primary Market and that Secondary Market vehicle (ICAV).investors can sell Shares in any amounts that are provided for by therelevant stock exchange. Objectives Distribution Policy With respect to the Accumulation Share Classes in all Investment objective M&G UK Gilts Active UCITS ETF (the "Sub-Fund")Sub-Funds, the Directors have determined to accumulate all net aims to provide a combination of capital growth and income higher than investment income and net realised capital gains attributable to such that of the UK Government bond market over a 5-year period.Accumulation Share Classes and therefore do not intend to declare Investment policies At least 90% of the Sub-Fund is invested directly or

dividends in respect of Shares in such Share Classes. through derivatives in fixed or floating rate (including index-linked) bonds

Fund Currency The reference currency of the Sub-Fund is GBP and the issued or guaranteed by the UK government, rated investment grade and

currency of the share class is GBP. denominated in GBP. Up to 10% of the Sub-Fund may be investedIf any non-GBP denominated assets are held by the Sub-Fund, the in other funds (including funds managed by the Investment Manager orcurrency exposure may be hedged back to GBP. its affiliates) and cash or assets that can be turned into cash quickly. The Sub-Fund is diversified across a range of UK government-issued or

Intended retail investor guaranteed debt securities. The Investment Manager applies a flexible

This Sub-Fund is suitable for all types of investors, with basic investment investment approach and typically aims to take positions where it believes knowledge, seeking to invest in an actively managed fund pursuing the individual assets are mis-priced. This involves buying those debt securities

objective and investment policy of the Sub-Fund as described above. which the Investment Manager believes offer the best value and can There is no guarantee that the Sub-Fund will achieve its objective and provide a source of outperformance, taking into consideration the relative investors should appreciate that their capital will be at risk and that the valuations of the different assets.value of their investment and any derived income may fall as well as rise. Derivatives usage For investment purposes and to reduce risk and cost. In each case it is expected that all investors will understand and Benchmark iBoxx® GBP Benchmark Index - iBoxx £ Gilt Index (QX6A Index) appreciate the risks associated with investing in Shares of the Sub-Fund is used as a Benchmark. The Benchmark is a comparator against which theand investors should be looking to invest for at least five years. Sub-Fund's performance can be measured. While the Investment Manager

Term expects to outperform the Benchmark (net of fees), there is no guaranteeThe Fund has no set maturity date but is designed to be held for a this will occur or such outperformance may be limited or minimal atminimum of 5 years. However, it is possible for the Directors of the times. The Sub-Fund is actively managed. The Investment Manager hascompany to terminate the Fund, without the prior consent of the complete freedom in choosing which investments to buy, hold and sell inshareholders, where it is deemed to be uneconomic to run or in the best the Sub-Fund. Its holdings may deviate significantly from the Benchmark'sinterest of the shareholders. Refer to the prospectus for more information. constituents and as a result the Sub-Fund's performance may deviate significantly from the Benchmark.

Practical information Redemption and Dealing Shareholders may redeem Shares on any

Depositary The ICAV has appointed State Street Custodial Services Dealing Day at the appropriate Net Asset Value per Share, subject to an(Ireland) Limited to act as depositary of all of the ICAV's assets, pursuant appropriate provision for Duties and Charges, provided that a validto the Depositary Agreement. redemption request from the Shareholder is received by the Further information Additional information about the Sub-Fund Administrator by the Dealing Deadline in respect of the relevant Dealing

including the prospectus and latest annual reports (and half-yearly Day, in accordance with the provisions set out in this section and at the

reports) can be obtained from the Management Company. These "Purchase and Sale Information" section of the Prospectus. Settlement will documents are available free of charge in English at the Management take place within a maximum of ten Business Days of the Dealing Day.

Company website https://funds.waystone.com/public. Potential investors Investors who are not Authorised Participants must buy and sell shares on

and investors who are not Authorised Participants can only purchase and a Secondary Market with the assistance of an intermediary (e.g. a

sell the Shares of the Sub-Funds on the Secondary Market through a stockbroker) and may incur fees and additional taxes in doing so.

broker/dealer on a recognised stock exchange or over-the-counter. Prices Redemption orders will be processed on the Dealing Day on which thewill be obtained for this purpose by the Administrator from independent Shares are received back into the account of the transfer agent by the sources, such as recognised pricing services or brokers specialising in the dealing cut-off time less any applicable Duties and Charges and other

relevant markets. reasonable administration costs, provided that the completed buy-back request has also been received. Page 1/3 | Key Information Document | 1 December 2025 M&G UK Gilts Active UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – GBP Accumulation shares (IE000PTM74B6)

What are the risks and what could I get in return? Risk IndicatorWe have classified this product as 3 out of 7, which is a medium-low risk

class. Lower risk Higher riskThis rates the potential losses from future performance at a medium-low

level, and poor market conditions are unlikely to impact the capacity of the

Sub-Fund to pay you.1 2 3

4 5 6 7Be aware of currency risk. You may receive payments in a different

currency, so the final return you will get depend on the exchange rate The risk indicator assumes you keep the product for 5 years.

between the two currencies. This risk is not considered in the indicator

shown above.

Beside the risks included in the risk indicator, other risks may affect the The summary risk indicator is a guide to the level of risk of this product

fund performance. Please refer to the fund prospectus, available free of compared to other products. It shows how likely it is that the product will

charge at www.waystone.com/. 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 May 2020 and 30 May 2025. Moderate: this type of scenario occurred for an investment between 30 April 2018 and 28 April 2023. 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 5,534 GBP4,920 GBPAverage return each year-44.7%

-13.2%

Unfavourable

What you might get back after costs 7,650 GBP7,257 GBPAverage return each year-23.5%

-6.2%

Moderate

What you might get back after costs 10,010 GBP

8,383 GBPAverage return each year0.1% -3.5%

Favourable What you might get back after costs 11,634 GBP

12,560 GBPAverage return each year16.3%4.7%

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 Gilts Active UCITS ETF, a sub-fund of M&G (Ireland) ETF ICAV – GBP Accumulation shares (IE000PTM74B6) If you exit after

If you exit after1 year 5 yearsTotal Costs

16 GBP 83 GBPAnnual cost impact*

0.2%

0.2% 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 -3.3% before costs and -3.5% 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 costs0.01% of the value of your investment per year. This is an estimate of the costs 1 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