YOUR GOALS,OUR COMMITMENT.

PRESS RELEASE

22 NOVEMBER 2023

NIKKO ASSET MANAGEMENT CO., LTD.

Nikko Asset Management bolsters Global Equity
team in Edinburgh
Ella-Kara Brown appointed as Portfolio Manager
Nikko Asset Management (“Nikko AM”) has appointed Ella-Kara Brown as Portfolio Manager within its Global
Equity team based in Edinburgh. Ella-Kara Brown joins the existing Global Equity team as a Portfolio Manager tofurther bolster the firm’s Global Equity capability. The team has achieved considerable success in building theirfranchise with a focus on Future Quality investing, with assets under management growing from a modest startof approximately USD 250 million in 2014 to over USD 4 billion today*.
Ella-Kara has over 19 years of experience working in investment management and will join the existing
investment team in collectively managing Global Equity portfolios with their well-established team investment
approach. Ella-Kara was previously a Portfolio Manager at abrdn managing a range of Global Equity strategies.
“We are delighted that Ella-Kara has joined our Global Equity team in Edinburgh. Clients across the world areincreasingly adopting our Future Quality investing approach, and adding the talent and experience of Ella-Karawill help ensure that we continue delivering performance for our clients,” said Will Low, Portfolio Manager andHead of Global Equity at Nikko AM.
“Several members of our investment team worked briefly with Ella-Kara at her previous employer, and hence weare all excited to have her join with the knowledge that she shares our cultural values and will easily assimilate
into the team,” said Iain Fulton, Global Equity Portfolio Manager at Nikko AM.
The Nikko AM Global Equity Strategy has delivered strong outperformance since inception in 2014, with anannualised gross return of 10.21% compared to the MSCI ACWI Net Total Return Index return of 7.18%**.

– ENDS –PRESS RELEASE — 22 NOVEMBER 2023

*Based on Global Equity Team AUM of USD 4.10 billion as of 30 September 2023.
**Past performance is not a guide to future returns.
The benchmark for this composite is MSCI ACWI Net Total Return Index. The benchmark was the MSCI ACWI ex AU sinceinception of the composite to 31 March 2016. Inception date for the composite is 01 October 2014. Returns are based on
Nikko AM’s (hereafter referred to as the “Firm”) Global Equity Strategy Composite returns. Returns for periods in excess of
1 year are annualised. The Firm claims compliance with the Global Investment Performance Standards (GIPS ®) and has
prepared and presented this report in compliance with the GIPS. Returns are US Dollar based and are calculated gross ofadvisory and management fees, custodial fees and withholding taxes, but are net of transaction costs and include
reinvestment of dividends and interest. Copyright © MSCI Inc. The copyright and intellectual rights to the index displayed
above are the sole property of the index provider. Any comparison to a reference index or benchmark may have material
inherent limitations and therefore should not be relied upon. GIPS is a registered trademark of the CFA Institute. Data as of30 September 2023

About Nikko Asset Management
With US$219.2 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers,
providing high-conviction, active fund management across a range of equity, fixed income, multi-asset andalternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices andincludes some of Asia’s leading exchange-traded funds (ETFs).
Headquartered in Asia since 1959, Nikko Asset Management and its subsidiaries employ personnel representing
around 30 nationalities, including approximately 200 investment professionals**. The firm has a presence
through subsidiaries or affiliates in a total of 11 countries and regions. More than 400 banks, brokers, financial
advisors and life insurance companies around the world distribute the firm’s products.
The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA,
striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solutiondriven approach, which has led to many innovative funds launched for its clients.
For more information about Nikko Asset Management and to access its investment insights, please visit thefirm’s homepage.
* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of 30 June2023.
** Including employees of Nikko Asset Management and its subsidiaries as of 30 June 2023.

Important Information
Please refer to the Prospectus of the UCITS and to the KIID before making final investment decisions
If you intend to invest in the UCITS Fund, please refer to the Fund Prospectus in order to identify whether the Sub-Fund will manage
sustainability factors within the meaning of the SFD Regulation (EU) 2019/2088: an article 6 (limited to analysing sustainability risk aspart of its risk management process), an article 8 (which also promotes certain environmental and social characteristics) or article 9(which has sustainable investment as its primary objective).
This document is prepared by Nikko Asset Management Co., Ltd. and/or its affiliates (Nikko AM) and is for distribution only under suchcircumstances as may be permitted by applicable laws. This document does not constitute personal investment advice or a personal
recommendation and it does not consider in any way the objectives, financial situation or needs of any recipients. All recipients arerecommended to consult with their independent tax, financial and legal advisers prior to any investment.

YOUR GOALS, OUR COMMITMENT.

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PRESS RELEASE — 22 NOVEMBER 2023

This document is for information purposes only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any
investments or participate in any trading strategy. Moreover, the information in this document will not affect Nikko AM’s investment
strategy in any way. The information and opinions in this document have been derived from or reached from sources believed in goodfaith to be reliable but have not been independently verified. Nikko AM makes no guarantee, representation or warranty, express orimplied, and accepts no responsibility or liability for the accuracy or completeness of this document. No reliance should be placed on any
assumptions, forecasts, projections, estimates or prospects contained within this document. This document should not be regarded byrecipients as a substitute for the exercise of their own judgment. Opinions stated in this document may change without notice.
In any investment, past performance is neither an indication nor guarantee of future performance and a loss of capital may occur.
Estimates of future performance are based on assumptions that may not be realised. Investors should be able to withstand the loss ofany principal investment. The mention of individual securities, sectors, regions or countries within this document does not imply arecommendation to buy or sell.
Nikko AM accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this document,
provided that nothing herein excludes or restricts any liability of Nikko AM under applicable regulatory rules or requirements.
All information contained in this document is solely for the attention and use of the intended recipients. Any use beyond that intendedby Nikko AM is strictly prohibited.
Japan: The information contained in this document pertaining specifically to the investment products is not directed at persons in Japannor is it intended for distribution to persons in Japan. Registration Number: Director of the Kanto Local Finance Bureau (FinancialInstruments firms) No. 368 Member Associations: The Investment Trusts Association, Japan/Japan Investment Advisers Association.
United Kingdom: This document is communicated by Nikko Asset Management Europe Ltd, which is authorised and regulated in theUnited Kingdom by the Financial Conduct Authority (the FCA) (FRN 122084). This document constitutes a financial promotion for thepurposes of the Financial Services and Markets Act 2000 (as amended) (FSMA) and the rules of the FCA in the United Kingdom, and isdirected at professional clients as defined in the FCA Handbook of Rules and Guidance.
Luxembourg and Germany: This document is communicated by Nikko Asset Management Luxembourg S.A., which is authorised andregulated in the Grand Duchy of Luxembourg by the Commission de Surveillance du Secteur Financier (the CSSF) as a managementcompany authorised under Chapter 15 of the Law of 17 December 2010 (No S00000717) and as an alternative investment fund manager
according to the Law of 12 July 2013 (No. A00002630).
United States: This document may not be duplicated, quoted, discussed or otherwise shared without prior consent. Any offering or
distribution of a Fund in the United States may only be conducted via a licensed and registered broker-dealer or a duly qualified entity.
Nikko Asset Management Americas, Inc. is a United States Registered Investment Adviser.
Singapore: Nikko Asset Management Asia Limited (Co. Reg. No. 198202562H) is regulated by the Monetary Authority of Singapore.
Hong Kong: This document is for information to professional investors as defined in the Securities and Futures Ordinance, andintermediaries only. The contents of this document have not been reviewed by the Securities and Futures Commission or any regulatory
authority in Hong Kong. Nikko Asset Management Hong Kong Limited is a licensed corporation in Hong Kong.
New Zealand: Nikko Asset Management New Zealand Limited (Company No. 606057, FSP22562) is the licensed Investment Manager ofNikko AM NZ Investment Scheme, the Nikko AM NZ Wholesale Investment Scheme and the Nikko AM KiwiSaver Scheme. This material
is for information purposes only.
Kingdom of Bahrain: The document has not been approved by the Central Bank of Bahrain which takes no responsibility for its contents.
No offer to the public to purchase the Strategy will be made in the Kingdom of Bahrain and this document is intended to be read by theaddressee only and must not be passed to, issued to, or shown to the public generally.
Kuwait: This document is not for general circulation to the public in Kuwait. The Strategy has not been licensed for offering in Kuwait bythe Kuwaiti Capital Markets Authority or any other relevant Kuwaiti government agency. The offering of the Strategy in Kuwait on thebasis a private placement or public offering is, therefore, restricted in accordance with Decree Law No. 7 of 2010 and the bylaws thereto(as amended). No private or public offering of the Strategy is being made in Kuwait, and no agreement relating to the sale of the Strategy
will be concluded in Kuwait. No marketing or solicitation or inducement activities are being used to offer or market the Strategy in Kuwait.
Kingdom of Saudi Arabia: This document is communicated by Nikko Asset Management Europe Ltd (Nikko AME), which is authorised
and regulated by the Financial Services and Markets Act 2000 (as amended) (FSMA) and the rules of the Financial Conduct Authority (theFCA) in the United Kingdom (the FCA Rules). This document should not be reproduced, redistributed, or sent directly or indirectly to any
other party or published in full or in part for any purpose whatsoever without a prior written permission from Nikko AME.

YOUR GOALS, OUR COMMITMENT.

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PRESS RELEASE — 22 NOVEMBER 2023

This document does not constitute investment advice or a personal recommendation and does not consider in any way the suitability or
appropriateness of the subject matter for the individual circumstances of any recipient. In providing a person with this document, Nikko
AME is not treating that person as a client for the purposes of the FCA Rules other than those relating to financial promotion and that
person will not therefore benefit from any protections that would be available to such clients.
Nikko AME and its associates and/or its or their officers, directors or employees may have or have had positions or material interests,
may at any time make purchases and/or sales as principal or agent, may provide or have provided corporate finance services to issuers
or may provide or have provided significant advice or investment services in any investments referred to in this document or in relatedinvestments. Relevant confidential information, if any, known within any company in the Nikko AM group or Sumitomo Mitsui TrustHoldings group and not available to Nikko AME because of regulations or internal procedure is not reflected in this document. The
investments mentioned in this document may not be eligible for sale in some states or countries, and they may not be suitable for all
types of investors.
Oman: The information contained in this document nether constitutes a public offer of securities in the Sultanate of Oman as
contemplated by the Commercial companies law of Oman (Royal decree 4/74) or the Capital Markets Law of Oman (Royal Decree80/98,
nor does it constitute an offer to sell, or the solicitation of any offer to buy non-Omani securities in the Sultanate of Oman as contemplated
by Article 139 of the Executive Regulations to the Capital Market law (issued by Decision No. 1/2009). This document is not intended tolead to the conclusion of any contract of whatsoever nature within the territory of the Sultanate of Oman.
Qatar (excluding QFC): The Strategies are only being offered to a limited number of investors who are willing and able to conduct an
independent investigation of the risks involved in an investment in such Strategies. The document does not constitute an offer to thepublic and should not be reproduced, redistributed, or sent directly or indirectly to any other party or published in full or in part for any
purpose whatsoever without a prior written permission from Nikko Asset Management Europe Ltd (Nikko AME). No transaction will beconcluded in your jurisdiction and any inquiries regarding the Strategies should be made to Nikko AME.
United Arab Emirates (excluding DIFC): This document and the information contained herein, do not constitute, and is not intended
to constitute, a public offer of securities in the United Arab Emirates and accordingly should not be construed as such. The Strategy is
only being offered to a limited number of investors in the UAE who are (a) willing and able to conduct an independent investigation ofthe risks involved in an investment in such Strategy, and (b) upon their specific request.
The Strategy has not been approved by or licensed or registered with the UAE Central Bank, the Securities and Commodities Authority
or any other relevant licensing authorities or governmental agencies in the UAE. This document is for the use of the named addressee
only and should not be given or shown to any other person (other than employees, agents or consultants in connection with theaddressee's consideration thereof).
No transaction will be concluded in the UAE and any inquiries regarding the Strategy should be made to Nikko Asset Management EuropeLtd.
Republic of Korea: This document is being provided for general information purposes only, and shall not, and under no circumstancesis, to be construed as, an offering of financial investment products or services. Nikko AM is not making any representation with respect
to the eligibility of any person to acquire any financial investment product or service. The offering and sale of any financial investment
product is subject to the applicable regulations of the Republic of Korea. Any interests in a fund or collective investment scheme shall besold after such fund is registered under the private placement registration regime in accordance with the applicable regulations of theRepublic of Korea, and the offering of such registered fund shall be conducted only through a locally licensed distributor.

YOUR GOALS, OUR COMMITMENT.

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