IMPORTANT: This document is important and requires your immediate attention.  If you are in any doubt as to the action you should take you should seek advice from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser.

If you have sold or transferred all of your shares in any of the Fund (as defined below), please pass this document at once to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee as soon as possible.

Capitalised terms used herein shall bear the same meaning as capitalised terms used in the Prospectus dated 22 October 2021. Copies of the Prospectus are available upon request during normal business hours from the registered office of the Company or from the local representative of the Company in each jurisdiction in which the sub-fund of the Company are registered for public distribution.

In accordance with the current policy of the Central Bank, this document has not been reviewed by the Central Bank.

22 March 2022

Invesco Markets plc (the "Company")

(the "Fund")

Dear Shareholder,

We are writing to you as a Shareholder in the Fund to inform you that the board of directors (the "Board") has determined that, following the suspension of the Fund as a result of the Russia/Ukraine conflict and resulting market conditions, all management fees on the Fund since the date of the Fund's suspension, 2 March 2022, will be waived. In addition, the Fund's management company will bear all costs associated with maintaining the Fund until further notice. The Fund remains in suspension. On 21 March 2022, the administrator revalued the Fund's NAV to 0.0001 in line with the index treatment on the same date. The Board is closely monitoring the situation and is in continuing contact with the Central Bank of Ireland.

Shareholders may obtain the Prospectus, a copy of the Supplement, the key investor information documents, the latest annual and semi-annual reports and copies of the M&A free of charge from the registered office of the Manager or the local representatives in the countries where the Company is registered and in Switzerland at BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich which is the Swiss representative and paying agent, as well as from the German information agent Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany and where applicable on the website of the Company -   www.etf.invesco.com .

Shareholders should consult their own professional advisers as to the specific tax implications of the termination under the laws of the countries of their nationality, residence, domicile or incorporation.

If you have any queries arising from this notice, please call Invesco on +44 (0)20 3370 1113 or contact us at [email protected] .

Yours sincerely

_________________

For and on behalf of

Invesco Markets plc