6 July 2020

Important Information: Legg Mason Western Asset Cash Plus Fund

Legg Mason Australia advises that the name of the Legg Mason Western Asset Cash Plus Fund has changed to the Legg Mason Western Asset Conservative Income Fund, effective as of 6 July 2020.

This change relates to Classes A, M and X and the below table outlines full details for each Fund Class.

This name change has been undertaken to ensure the alignment of the names of our funds with their respective investment objectives.

Previous Fund name New Fund name APIR mFund code - effective 6 July 2020 Legg Mason Western Asset Legg Mason Western Asset SSB0131AU LMA19 Cash Plus Fund, Class A Conservative Income Fund, Class A

Legg Mason Western Asset Legg Mason Western Asset SSB0060AU N/A Cash Plus Fund, Class M Conservative Income Fund, Class M

Legg Mason Western Asset Legg Mason Western Asset JPM0100AU N/A Cash Plus Fund, Class X Conservative Income Fund, Class X

For further information

This update has been provided for information purposes only and no action is required by you. Importantly, there is no change to the existing investment manager, investment objective or management fees.

A copy of the PDS and can be accessed here and can also be obtained by request or via the Legg Mason website: www.leggmason.com.au

If you have any questions or would like further information about this change, our Client Services team can be contacted on 1800 679 541 or [email protected]

Past performance is not a reliable indicator of future performance. Legg Mason Asset Management Australia Limited (ABN 76 004 835 849 AFSL 240827) is part of the Global Legg Mason Inc. group. Any reference to ‘Legg Mason Australia’ is a reference to Legg Mason Asset Management Australia Limited. Legg Mason Australia is the responsible entity of the Legg Mason Western Asset Cash Plus Fund (ARSN 088 670 197) (Fund). Before making an investment decision you should read the Product Disclosure Statement (PDS) carefully and you need to consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The PDS is available and can be obtained by contacting Legg Mason Australia on 1800 679 541 or at www.leggmason.com.au. This product has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Neither Legg Mason Australia, nor any of its related parties, guarantees the performance or the return of capital invested. Past performance is not indicative of future performance. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested. These opinions are subject to change without notice and do not constitute investment advice or recommendation.