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First State Investments appoints Head of FSI IrelandMedia Release

Under embargo until 0800, 11 April 2019
First State Investments (‘First State’) announces the appointment of Adrian Hilderly as Head ofFSI Ireland. In this new role, Adrian will oversee First State’s new Irish management company(FSI Ireland) which has received approval from the Central Bank of Ireland.
Adrian Hilderly will have responsibility for the management and development of FSI Ireland’s operations
including regulatory interaction and oversight of our investment and distribution activities and will bebased at First State’s new offices in Dublin. Adrian has been Head of Risk & Compliance EMEA at First
State Investments for over six years and is a member of First State’s EMEA management team. Priorto joining First State, Adrian co-led Blackrock’s Compliance and Advisory Team. Adrian takes up thisnew role with immediate effect.
FSI Ireland has been established to provide First State with the ability to continue distribution andinvestment activities to service clients across EU member states, regardless of the final Brexit outcome.
In addition to Adrian Hilderly’s appointment, Tim McManus has been appointed Senior Manager,Finance and Investment Tax and has relocated to Dublin from First State’s London office, where he has
worked as Senior Manager, Tax for the last five years. Tim will have regulatory oversight for FSI
Ireland’s capital and financial management.
In line with regulatory and operational requirements prior to commencement of business, FSI Ireland isalso in the process of recruiting for three new Dublin-based roles; Head of Risk, Ireland; Head ofCompliance, Ireland and an Investment Assurance Manager.
First State also confirms that it has recently completed the successful transfer of €2.6 billion of assets
from First State’s UK OEIC fund range to its Irish VCC product range which was conducted via aScheme of Arrangement. This client engagement plan, which began in 2018, was undertaken with theobjective of continuing to offer clients the ability to invest in First State’s funds via an EU-regulated‘UCITS’ vehicle.

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Chris Turpin, Managing Director, EMEA for First State says, “We are very pleased to establish FSI
Ireland having operated Dublin-based pooled funds for almost 20 years and are delighted to appoint
Adrian to this new role with his breadth of regulatory knowledge and vast experience. Additionally wecan confirm the successful transition of European clients’ funds in line with our primary objective ofcausing minimum disruption. Our efforts remain focused on ensuring that our EU-based clients cancontinue to receive the same level of services and access to our broad fund range irrespective of theoutcome of Brexit negotiations.”

ENDS
For further information please contact:

NameTelephone

EmailFTI Consulting(UK PR representative of First StateInvestments)+44 (0)20 3727 1376

firststateinvestmentsLondon@fticonsulting.com

Sarah Mahomed Ross
Communications Manager
First State Investments+44 (0) 20 7332 6844 sarah.mahomedross@firststate.co.uk

About First State Investments:
First State Investments is a global asset management business with experience across a range ofasset classes and specialist investment sectors. In Australia First State operates as Colonial First
State Global Asset Management. First State Investments offers a range of investment solutions toinstitutional and retail investors globally, including equities, debt, multi-asset and unlistedinfrastructure.
Our approach to investment is driven by a commitment to providing the best possible outcomes overthe long term for our investors. To achieve this, we ensure our interests are aligned with our investors
and uphold a culture of always acting in our clients’ best interests.
Important Information
This document has been prepared for informational purposes only and is only intended to provide asummary of the subject matter covered and does not purport to be comprehensive. The views
expressed are the views of the writer at the time of issue and may change over time. It does notconstitute investment advice and/or a recommendation and should not be used as the basis of any
investment decision. This document is not an offer document and does not constitute an offer orinvitation or investment recommendation to distribute or purchase securities, shares, units or otherinterests or to enter into an investment agreement. No person should rely on the content and/or act on
the basis of any material contained in this document.
The information contained within this document has been obtained from sources that we believe to bereliable and accurate at the time of issue but no representation or warranty, express or implied, ismade as to the fairness, accuracy, or completeness of the information. We do not accept any liability
whatsoever for any loss arising directly or indirectly from any use of this information.
References to “we” or “us” are references to First State Investments.

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In the UK, issued by First State Investments (UK) Limited which is authorised and regulated by theFinancial Conduct Authority (registration number 143359). Registered office Finsbury Circus House,
15 Finsbury Circus, London, EC2M 7EB number 2294743. Outside the UK within the EEA, thisdocument is issued by First State Investments International Limited which is authorised and regulated
in the UK by the Financial Conduct Authority (registered number 122512). Registered office: 23 St.
Andrew Square, Edinburgh, EH2 1BB number SCO79063.
First State Investments (UK) Limited and First State Investments International Limited are part ofColonial First State Asset Management (“CFSGAM”) which is the consolidated asset management
division of the Commonwealth Bank of Australia ABN 48 123 123 124. CFSGAM includes a numberof entities in different jurisdictions, operating in Australia as CFSGAM and as First State Investments
elsewhere. The Commonwealth Bank of Australia (“Bank”) and its subsidiaries do not guarantee theperformance of any investment or entity referred to in this document or the repayment of capital. Anyinvestments referred to are not deposits or other liabilities of the Bank or its subsidiaries, and aresubject to investment risk including loss of income and capital invested.