Important notice: Fraudsters are using T. Rowe Price’s name, brand and logos to run investment or recruitment scams. They may be sending emails, messages (including through messaging services such as WhatsApp, Line, Telegram, Wechat, Signal), or calling, claiming to be associated with T. Rowe Price. These scams can be very sophisticated and some may involve the use of companies, mobile applications, email addresses or websites with names and logos that are similar to ours.

Please be aware that T. Rowe Price will never:

• Directly solicit individuals for investments or offer advice over the phone or via email, text messages or messaging services, or
• Contact individuals to solicit personal information, or
• Request individuals to pay over money.

If you suspect you have been victim of fraud, we recommend you immediately report the matter to your relevant regulatory authorities, local police and anti-scam authorities. It is important for relevant authorities to receive complaints made by the victims of fraud /scam for their further investigations.

If you have made any payment, please speak to your bank as they might be able to assist in the recovery of your funds.

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895 and AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts. A Target Market Determination for each T. Rowe Price Australian Unit Trust (or class of units in a Trust) is available here (http://www.eqt.com.au/insto). It describes who the financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees Limited, the responsible entity of the T. Rowe Price Australian Unit Trusts may need to review the Target Market Determination for the financial product.

Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).

202311-3213492