UCITS V Disclosure

Coronation Global Fund Managers (Ireland) Limited (the "Manager") has a remuneration policy in place in compliance with Directive 2014/91/EU ("UCITS V"). This remuneration policy imposes remuneration rules on staff and senior management within the Manager whose activities have a material impact on the risk profile of the funds managed by the Manager. The Directors will ensure that the Manager’s remuneration policies and practices are consistent with sound and effective risk management, will not encourage risk-taking which is inconsistent with the risk profile of the funds, and will be consistent with UCITS V. The Directors will ensure that the remuneration policy is at all times consistent with the business strategy, objectives, values and interests of the Manager and includes measures to ensure that all relevant conflicts of interest may be managed appropriately at all times. The remuneration policy may be obtained free of charge on request from the Manager.