Royal London Asset Management Investment Funds Icav

ROYAL LONDON ASSET MANAGEMENT INVESTMENT FUNDS ICAV

ROYAL LONDON MULTI-ASSET CREDIT FUND Terms and Conditions & Application Form Date: June 2017 Please fill in this form and the separate anti money laundering section in BLOCK CAPITALS and return to:

Royal London Asset Management Limited

Attention: Client Account Management

55 Gracechurch Street

London

EC3V 0RL

Telephone: 020 7506 6500

GBP Sterling Subscriptions must be made by telegraphic transfer to:

Bank Name: Bank of America

Sort Code: 16-50-50 if via CHAPS or 30-16-35 if via BACS

SWIFT Code: BOFAGB22

Account Name: Royal London Asset Management Investment Funds ICAV

Account Number: 74860020

ROYAL LONDON ASSET MANAGEMENT INVESTMENT FUNDS ICAV: TERMS AND CONDITIONS Definitions The definitions below demonstrate the meaning attached to the following words and phrases in these Terms and Conditions: (a) Account: means the shares You hold in respect of Your lump sum investment in the Royal London Asset Management Investment Funds ICAV sub fund, which are contracted under the Agreement. (b) Agreement: means the agreement between the ICAV and You as constituted by the Application and these Terms & Conditions. (c) Application: shall mean a completed Written Application form supplied with this Agreement and any subsequent Application for additional shares in Writing or by Telephone which provide the same information, declaration and authority as must be provided in the Application supplied with this Agreement. (d) Business Day: a day on which banks are open in London, or such other day or days as may be determined by the ICAV and agreed with the Administrator, provided there shall be at least two Business Days in each calendar month. (e) Central Bank: means the Central Bank of Ireland. (f) Dealing Day: means such day(s) as are specified in the Supplement, or such other day(s) as the Directors may determine from time to time and notify in advance to Shareholders. (g) Distributor: means Royal London Asset Management Limited or such other company as may from time to time be appointed as a distributor to the ICAV. (h) FCA: means the UK Financial Conduct Authority, whose registered address is: 25 The North Colonnade, Canary Wharf, London, E14 5HS. www.fca.org.uk (i) Fund: means Royal London Multi-Asset Credit Fund. (j) ICAV: means Royal London Asset Management Investment Funds ICAV. (k) Investment Manager: means Royal London Asset Management Limited. (l) Manager: means Royal London Unit Trust Managers Limited. (m) Prospectus: means the current prospectus for the ICAV. (n) Rules: means the Central Bank AIF Rulebook and any applicable guidance. (o) Supplement: means the current supplement for the Fund. (p) Valuation Point: means in relation to the Fund, 5.00 p.m. Irish time on each Dealing Day or such other day or time as may be determined by the ICAV and notified to the Shareholders. (q) We, Our, Us: means the ICAV in respect of the Fund. (r) Written or in Writing: means an instruction including Your original signature, which also includes an instruction given by way of facsimile copy. (s) You and Your: means any Account holder(s) which includes individual(s), any company or other corporate body, trust company or trustees who has/have applied to open an Account under the Agreement.

The Agreement This Agreement should be read in the context of and together with the Prospectus and Supplement. In the event of conflict or inconsistency between the provisions of the Prospectus and Supplement and the provisions of the Agreement, the Prospectus and Supplement will prevail.

The Agreement, which is governed by Irish Law, shall apply to an Account as soon as it is accepted by the ICAV, and the parties submit to the exclusive jurisdiction of the Irish Courts. Unless otherwise defined, terms used in this Agreement shall have the same meaning as in the Prospectus and Supplement. Where the context permits, words importing the singular shall include the plural and vice versa.

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IMPORTANT INFORMATION Opening an Account An Application to invest in the Fund can only be received from Qualifying Investors or Knowledgeable Investors (as defined in the Prospectus.

Classes Minimum Minimum Initial Application Holding Royal London Multi-Asset Credit Fund Class Y Acc £10,000,000 £10,000,000 Royal London Multi-Asset Credit Fund Class Y Inc £10,000,000 £10,000,000 Royal London Multi-Asset Credit Fund Class Z Acc £25,000,000 £10,000,000 Royal London Multi-Asset Credit Fund Class Z Inc £25,000,000 £10,000,000

For further details regarding each share class please refer to the Prospectus and Supplement for the Fund.

You can make Your investments on any Business Day. All investments are made at the next Valuation Point.

Charges on an Account The specified annual management charge (AMC) differs for each share class.

Classes Annual Management Charge Royal London Multi-Asset Credit Fund Class Y Acc & Class Y Inc 0.50% Royal London Multi-Asset Credit Fund Class Z Acc* & Class Z Inc* 0.00%

*Class Z Shares are available to affiliates of the Manager and those investors who, at the Manager’s discretion, reach a separate fee agreement with the Investment Manager. The Manager will agree a separate fee with these investors which is not payable out of the property of the Fund and which is subject to negotiation by the Manager.

The ICAV reserves the right to change the AMC, at any time, within a maximum range outlined by the ICAV in the Prospectus for the Fund, further to providing advance written notice to Shareholders. Please note that You have a right to end the application of these Terms and Conditions to You at any time by selling your investment in the Fund if You do not like any variations that We propose.

Money Laundering The Administrator is required to make checks on investors in order to comply with Money Laundering regulations. The ICAV will reject an Application if the Money Laundering requirements are not fully met by the Applicant. Details of the Money Laundering requirements for Applicants are listed in full in the Application.

The ICAV’s Right to Refuse an Application The ICAV reserves the right for any reason to refuse any Application to invest in the Fund.

Conflict of Interest Where the Directors of the ICAV, the Manager, the Administrator, Depositary, Investment Manager or Distributor or any associated company has directly or indirectly a material interest in a transaction or a relationship with the ICAV which may involve a potential conflict with their duties to You, then We have systems and controls in place which are designed to ensure that such conflicts are resolved fairly. The Royal London Asset Management Conflicts of Interest Policy covers the potential conflicts of interest arising in the course of investment business between Royal London Asset Management, its employees and its clients, that could significantly impact the interests of Royal London Asset Management’s clients in the absence of adequate controls. The FCA rules require us to allocate investments and treat customers fairly. We have in place specific policies and processes for situations where such conflicts may occur.

Cancellation Rights Cancellation rights do not apply.

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Closing an Account You may terminate or otherwise make withdrawals (redeem Your Shares) from the Account by giving Written notice to the Investment Manager (attn.: Client Account Management, 55 Gracechurch Street, London EC3V 0RL). The minimum redemption amounts are:

Classes Minimum Redemption Amount Royal London Multi-Asset Credit Fund Class Y Acc & No minimum redemption amounts, however accounts are Class Y Inc subject to minimum balances Royal London Multi-Asset Credit Fund Class Z Acc & No minimum redemption amounts, however accounts are Class Z Inc subject to minimum balances

Please note redemptions from the Fund are subject to a notice period. Redemption requests must be received by 5.00 p.m. Irish time on the Business Day 20 Business Days before the relevant Dealing Day or such other day or time as may be determined by the Manager in its absolute discretion from time to time. Redemption requests must specify the Shareholders’ full name, address and Shareholder number as well as the number and value of the Shares to be redeemed. Should you require any assistance regarding redemptions please call Client Account Management on 0207 506 6500.

Shares will be sold at the price calculated at the Valuation Point on the relevant Dealing Day unless reasonable verification of your instruction or signature, or change of personal details is required. Where the balance of Your Account is less than the stated minimum investment amount, the ICAV may terminate Your Account by unilaterally redeeming Your Shares and sending the redemption monies to the banking details We hold in Our records.

The ICAV shall be entitled to repurchase any Share of a Shareholder or any Share to which a person is entitled by transmission and to forfeit any dividend which is declared and remains unpaid for a period of six years. The ICAV shall account to the Shareholder or to the person entitled to such Share for the net proceeds of such repurchase by carrying all moneys in respect thereof to a separate interest bearing account which shall be a permanent debt of the ICAV and the ICAV shall be deemed to be a debtor and not a trustee in respect thereof for such Shareholder or other person

Termination of this Agreement pursuant to this provision shall be without prejudice to the completion of transactions already initiated. The ICAV has absolute discretion to compulsorily redeem the Shares in Your Account for the reasons set out in the Prospectus under the headings “Mandatory Redemption of Shares” and “Termination of the ICAV, a Fund or Share Class” and the ICAV may give Written notice to terminate the Account in that regard.

The ICAV shall not be liable to You for any loss, liability of damage that You may suffer following the ICAV exercising such discretion.

Voting Rights You are entitled to a number of votes, determined by dividing the aggregate net asset value of a Shareholder’s shareholding by one.

In relation to a resolution which in the opinion of the Directors gives or may give rise to a conflict of interest between the Shareholders of any series or Class, such resolution shall be deemed to have been duly passed only if, in lieu of being passed through a single meeting of the Shareholders of such series or Class, such resolution shall have been passed at a separate meeting of the Shareholders of each such series or classes. All votes shall be cast by a poll of Shareholders present in person or by proxy at the relevant Shareholders meeting or by unanimous written resolution of the Shareholders. As more fully described in the Prospectus, no one other than Shareholders or their proxies shall have voting rights in respect of Shareholder resolutions or at Shareholder meetings.

The rights attached to each class of share may be varied with the consent in writing of the holders of 75% of the issued shares of the class.

Closure of the Fund If the ICAV intends to close (wind up) the Fund, notice will be given to You in Writing detailing the options available to You. If We do not hear from You within Our specified timescales, detailed in the notice, We may subsequently switch Your holding to another sub-fund of the ICAV or transfer the value of Your Shares to Your specified bank/building society account.

Variations and Amendments The ICAV may, at Our discretion and subject to giving advance written notice to You, vary or amend these Terms and Conditions, provided that such variation or amendment does not result in the Account ceasing to qualify under the Rules and is permitted by the Central Bank. Please note that You have a right to end the application of these Terms and Conditions to You at any time by selling Your investment in the Fund if You do not like any variations that we propose.

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Any amendment which is made to reflect a change of applicable law or regulation, including the Rules, may take effect immediately or otherwise as we may specify.

Liability The ICAV will not be liable for errors of judgment made in good faith nor, save as mentioned below, for the acts, omissions or defaults of its delegates, agents or custodians or their employees, nor for strikes, interruption of power supplies, machinery failure, pandemic or causes beyond the ICAV’s control.

You hereby agree to indemnify and keep Us indemnified against any loss which We may suffer as a result of any breach of any representation, warranty, covenant or confirmation by You in this Agreement or in Your Application.

The performance of any pooled investment is dependent upon the underlying investment market to which it is linked. These markets are subject to price fluctuations, so that no particular result can be guaranteed. The value of, and any income from, an investment in the stock market may fall as well as rise and You may not get back the amount originally invested. The value of overseas investments will be influenced by the rate of exchange which is used to convert them back into sterling.

International Tax Reporting Under the agreement between Ireland and the United States to implement the Foreign Account Tax Compliance Act (“FATCA”), the regime known as the “Common Reporting Standard” proposed by the Organisation for Economic Co-operation and Development (“CRS”) and any other tax law, regulation, exchange of information or tax reporting regime, the ICAV may be required to report to the Irish Revenue Commissioners information relating to Shareholders, including the identity and residence of Shareholders, and income, sale or redemption proceeds received by Shareholders in respect of the Shares. This information may be shared by the Irish Revenue Commissioners with HM Revenue & Customs, the US Internal Revenue Service, tax authorities in jurisdictions which implement CRS or other jurisdictions pursuant to any other exchange of information or tax reporting regime.

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ROYAL LONDON ASSET MANAGEMENT INVESTMENT FUNDS ICAV: APPLICATION FORM This application form incorporates the Terms and Conditions for Royal London Asset Management Investment Funds ICAV. Accordingly, all terms used in this application form but not defined shall have the meanings given in such Terms and Conditions. This application form should be completed in conjunction with review of the Prospectus and Supplement for the appropriate Fund. These documents and the latest Manager’s Report and Accounts are available to you upon request from Royal London Asset Management Investment Funds ICAV or the Distributor.

Please fill in this form in BLOCK CAPITALS and return to: Royal London Asset Management Limited, Attention: Client Account Management, 55 Gracechurch Street, London, EC3V 0RL

Telephone: 020 7506 6500

I agree that I have read and kept a durable copy of the Terms and Conditions applicable to the relevant Royal London Asset Management Investment Funds ICAV Sub-Fund (hard copy, CD-ROM): Yes

This form can be used to make additional subscriptions.

Part 1: Personal Details (Please use BLOCK CAPITALS) 1 Title Mr Mrs Miss Ms Other

Surname Forenames (in full) Address Address City County Postcode Date of Birth (DD/MM/YY) Nationality Daytime Telephone Email Address

Account Designation (if applicable), must not be a name/word, however may be alphanumeric

Tax Identification Number or, for UK residents, National Insurance Number

NOTES

• All correspondence will be sent to the address of the first applicant. • Shares may NOT be registered in the name of anyone under 18 years of age. • Shares may be registered in the name of a parent or other adult and designated with the initials of a child. Whilst this has no legal status, it can serve to identify different unit holdings. Shares can be reregistered into the child’s name when the child reaches age 18. • Please note that the registered address must be a street address. A Postal box address may not be used for the registered address. See Mailing Address overleaf if you wish statements to be mailed to a different address. • If you have been in your present address for less than 3 years please provide details of your previous address (or addresses) in the last 3 years below (please use an additional sheet of paper if necessary):

Address

County Postcode

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ADDITIONAL APPLICANTS

Title Surname Forename(s) in full Date of Birth 2

COMPANY/ENTITY APPLICANTS (Complete this section only if you are investing on behalf of a company or other entity. This is the name that the Shares will be registered in.) Full Legal Name Address

Contact Name Address City County Type of Legal Entity (Please tick appropriate box below) Postc ode

□ Public Limited Company □ Private Limited Company □ Local Authority □ Pension Fund

□ Investment Fund or Company □ Charitable Organisation □ Trust Arrangement □ Other ______(please specify) MAILING ADDRESS

If you wish to have statements and other □ Address materials sent to a different mailing

address, please tick this box, and provide Address your mailing address below. City

Country Postcode

AGENT/TRUSTEE DECLARATIONS

1. (a) Does the person(s) signing this application form act as agent for the applicant(s) detailed above?

□ Yes □ No (b) If question 1(a) has been answered YES, then, in signing this application form I/we represent and warrant that we have all necessary authority to make such application and will compensate the ICAV, the Manager, the Depositary, the Administrator, the Distributor and their affiliates for 100% of any direct or indirect loss suffered should we not have such authority.

2. Does the person(s) signing this application form act as trustee(s), or as an agent for a trustee or trustees in doing so? □ Yes □ No Please attach relevant authorised signature list to verify authorisation.

3. (a) If question 2 has been answered YES, then I/we represent and warrant in my/our own right that by signing this application:

(i) I/we act with due authority; (ii) within the scope of the investment powers contained in the trust instrument; (iii) signing this application form will not constitute a breach of trust; (iv) there is no other breach of trust in respect of any other matter which could affect this application; (v) no other party needs to sign this application form for it to be effective; and (vi) all and any other steps required to ratify this investment have been taken.

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(b) If question 2 has been answered YES, please provide details of all beneficiaries of the trust below or using a separate sheet if required. If the trust is a pension scheme, the name of the pension scheme will suffice.

Name of pension scheme (if applicable):

Name and address of trust beneficiaries (if the trust is not a pension scheme):

Name

Address

Address Postcode

Please continue on a separate sheet if necessary.

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Part 2: Investment Choice State amount(s) to be invested in relevant box below

Fund Name Lump Sum (Min initial investment is Royal London Multi-Asset Credit Fund – Class Y Acc £ £10,000,000) ISIN: IE00BD8PCY51

(Min initial investment is Royal London Multi-Asset Credit Fund – Class Y Inc £ £10,000,000) ISIN: IE00BD8PCZ68

(Min initial investment is Royal London Multi-Asset Credit Fund – Class Z Acc £ £25,000,000) ISIN: IE00BF5LKV31

(Min initial investment is Royal London Multi-Asset Credit Fund – Class Z Inc £ £25,000,000) ISIN: IE00BD8PD082

If you are investing in Income Shares, do you wish to receive income? Please tick the relevant box:

□ Yes □ No

If you leave this blank, or if you tick the No box, then we will reinvest the income.

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Part 3: Banking Details Please complete this section with details of the relevant Bank/Building Society account for all payment of income and redemption proceeds. Payments will only be made to a bank account held in the name of the registered shareholder. No Third Party Payments will be made.

Bank/building society name and address Name of account holder(s)

Account number

Branch sort code – –

Building Society Reference Postcode * Your bank/building society will be able to provide you with this number

Changes to registration and bank account details and to authorised signatories must be made in writing (by signed original, not by way of fax) and sent to: Royal London Asset Management Investment Funds ICAV, C/o State Street Fund Services (Ireland) Limited, Registration Services - Transfer Agency Department, 78 Sir John Rogerson’s Quay, Dublin 2, Ireland.

Part 4: Beneficial Owners We have noted below any beneficiary owner* of the registered investor.

Beneficiary Owner 1 (where applicable)

Registered Name Address

Entity Type

Date of Birth (if individual)

Beneficiary Owner 2 (where applicable)

Registered Name Address

Entity Type

Date of Birth (if individual)

* a beneficial owner is considered by the Fund to be an individual or corporate entity (a) A corporate entity which ultimately owns or controls whether through direct or indirect ownership or control (including through bearer shareholdings) more than 25 per cent of the shares or voting rights in the investor; or (b) An individual who holds more than 10% of the shares or voting rights of the investor; or (c) Otherwise exercises control over the management of the investor.

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Part 5: Your Intermediary’s Details This section is to be completed by your Financial Intermediary.

Company Name

Company Address

Adviser’s Name

Adviser’s FCA number

Telephone

Email Address

I prefer to be contacted by □ Phone □ e-Mail

I have attached an Applicant Introduction Certificate for each named applicant: □ Yes □ No

Please arrange for any commission amounts due to us to be paid into the following bank account:

Bank Name

Bank Address

Bank Sort Code – –

Bank Account Name

Bank Account Number

Your Financial Intermediary must also confirm and sign below:

Company name and address

Name Agent Stamp Signature

Date

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Part 6: Privacy Statement USE OF INFORMATION BY ROYAL LONDON

Royal London Asset Management Investment Funds ICAV may obtain personal information from you directly or, with your consent, from your approved financial adviser or from other sources such as an identity authentication agency.

We will use your personal information (including sensitive personal information) for the following purposes:

• Providing and developing Our products and services • Improving customer care • Verifying your identity and fraud prevention • Research and analysis • Marketing • Legal and regulatory reasons

We will retain your personal information for a reasonable period and information about you will be kept after your account has been closed. We may also share information about you with your approved financial adviser, our service providers and agents and with third parties such as auditors, underwriters, reinsurers, professional advisors, identity authentication and fraud prevention agencies, other financial institutions and legal and regulatory bodies (which may include legal and regulatory bodies in other countries, including as described elsewhere in this application form).

Your personal data may be processed in countries outside the European Economic Area. This processing will be carried out by experienced and reputable organisations and only on terms which safeguard the security of your data and comply with the requirements of the Data Protection Acts 1988 and 2003.

We may carry out an authentication check to verify your identity. This involves checking the details you supply to us against those held on any database that may be accessed by a reputable third party company which carries out our checks. This includes information from the electoral register and fraud prevention agencies. We will use scoring methods to verify your identity. A record of this search will be kept and used to help other companies verify your identity.

We may also pass information about you to financial and other organisations involved in anti-money laundering and fraud prevention to protect ourselves and Our customers from theft and fraud. If you give Us false or inaccurate information and We suspect fraud, We will record this and share this information with other organisations.

We may monitor and record phone calls and retain these for the purposes of training and quality assurance and to ensure that We have an accurate record of your instructions.

If you provide Us with information about another person, you confirm that they have appointed you to act for them to consent to the processing of their personal data and that you have informed them of Our identity and the purposes (as set out above) for which their personal data (including sensitive personal data) will be processed.

You have the right to ask for a copy of the information that We hold on you, for which We are entitled to charge a small fee, and to have any inaccuracies in your information corrected.

If you have any questions about how we will use your personal information, please contact the Data Protection Officer, Royal London House, Alderley Road, Wilmslow, Cheshire, SK9 1PF.

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Part 7: Anti-Money Laundering Part 7a: Anti-Money Laundering - Know Your Customer Requirements

□ I/we confirm that I/we have included all the necessary evidence of name and address in accordance with the application notes below or in the case of corporate of other organisations, have supplied the relevant evidence of status.

Under Irish legislation covering anti-money laundering the ICAV and the Administrator are required to obtain the following documentation to verify the identity and permanent address of all new clients. Please note that the application may not be accepted until all the relevant information has been received. Additional confirmation of identity or authority of the applicant or the source of funds may be required in certain circumstances.

Should documents be provided in a language other than English, an English translation may be required.

Please note that the application may not be accepted until the Administrator is in receipt of all required anti-money laundering documentation, the original Application Form and the original banking details for the settlement of the redemption proceeds. In any event, redemption and dividend payments will not be processed until full anti-money laundering documentation has been received on the account and the ICAV and the Administrator reserve the right to take further action where full anti-money laundering documentation has not been received.

If you are an Existing Investor it will not be necessary to provide any of the information set out below in connection with this application, but please ensure you have included your existing account number at the top of the main application form.

Certified copy: The certification of all documents must be carried out by any of the following, who must be based in a Financial Action Task Force (FATF) country (www.fatf-gafi.org):

• Notary Public/Practising Solicitors • Police force • Chartered & Certified Public Accountants • Embassy/Consular staff • Any Designated Body

For Individual Applicants

The information required from individual applicants who are not Existing Investors is listed below. Please tick the boxes below to indicate that the information has been provided with the application for each of the relevant applicant(s):

Requirement Enclosed

□ Applicant

1. Certified copy of current passport, driving licence or identification card that bears □ 1st additional applicant photographic evidence of your identity. □ 2nd additional applicant □ 3rd additional applicant □ Applicant 2. Two original or certified items bearing evidence of your residential address such as a recent □ 1st additional applicant bank statement, public utility bill or mobile phone invoice. (Must be different types and no more than six months old.) □ 2nd additional applicant □ 3rd additional applicant □ Applicant 3. Documentary evidence of your Tax Identification Number (TIN) issued by your country of □ 1st additional applicant residence (National Insurance number in the UK). This must be in certified form. □ 2nd additional applicant □ 3rd additional applicant

4. A certified copy of your tax residency certificate issued by the tax authorities in the country in □ Applicant which you currently reside. □ 1st additional applicant

(Relevant for Applicants resident in one country whose passport or identity card is issued by □ 2nd additional applicant another Member State of the European Union.) □ 3rd additional applicant

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For Corporate Applicants

The information required from corporate applicants who are not Existing Investors is listed below. Please tick the boxes below to indicate that the information has been provided with the application. Please note that the Administrator can only accept Application Forms from an entity that has legal capacity to enter into contracts on its own right and may require the document constitution. Corporate applicants resident in certain countries* are required to provide the following documentation: *Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Guernsey, Hong Kong, Iceland, Ireland, Italy, Jersey, Luxembourg, Isle of Man, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States Applicants from jurisdictions outside this list may be required to provide further information on request (please note this list is subject to change). Documentation which may be required for corporate non listed entities Enclosed 1. Confirmation of Name and Address □ 2. Confirmation of Regulatory Body (if applicable) □ 3. Certificate of Incorporation or Certificate to Trade (Certified) □ 4. Memorandum and Articles of Association □ 5. Latest Audited Financial Statements (Certified) □ 6. Nature and purpose of entity □ 7. List of Directors to include full name, dates of birth, occupation, residential and business addresses □ 8. Authorised Mandate or Board Resolution to establish the business relationship □

9. Original Authorised Signatory List □ 10. ONE Personal Verification and TWO Address Verification documents for at least TWO Directors (original or certified) □ 11. One Personal Verification and TWO Address Verification documents for ALL persons authorised to operate the □ account (original or certified) 12. Names and addresses of shareholders holding 10% or more of the issued share capital, and in the case of individual □ shareholders, names, residential addresses, occupations and dates of birth. Where a body corporate holds 25% or more of the issued share capital, names, residential addresses, occupations and dates of birth of the ultimate beneficial owners of that body corporate should be obtained.

Documentation required for Entities listed on a REGULATED stock exchange Enclosed

1. Confirmation of Name and Address □ 2. Confirmation of stock exchange listing □ 3. Original Authorised Signatory List □

Documentation required for a Nominee Company Enclosed 1. Confirmation of Name and Address of Nominee Company □ 2. Original Authorised Signatory List for the Nominee Account □ 3. Confirmation of Name and Address of Parent of Nominee □ 4. Confirmation of Regulatory Body of Parent of Nominee □ 5. Original Authorised Signatory List of Parent □ 6. AML Letter of Assurance (please request template from SSFS Ireland) □ 7. Proof of regulation (Nominee/Parent) □

Documentation required for Entities listed on a REGULATED stock exchange Enclosed 1. Copy of Original Revenue Approval Letter □ 2. Evidence that the trustee or trustees for the pension scheme is/are empowered to act and that this investment is □ within the scope of their powers and does not constitute a breach of trust 3. AML checks on parent/investment manager of pension fund who will be entered onto the register □ 4. Pension Scheme Rules □

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**Corporate applicants resident outside EU (excluding Greece), US, Canada, Singapore, Hong Kong or Australia are required to provide all of the above (as applicable) and the following:

Documentation required for CORPORATE APPLICANTS DOMICILED OUTSIDE THE EU Enclosed (excluding Greece), US, Canada, Singapore, Hong Kong or Australia 1. For at least two Directors: a. Certified copy of current passport, driving licence or identification card that bears photographic evidence of □ your identity b. Two original or certified items bearing evidence of your residential address such as a recent bank, credit card □ statement, public utility bill or mobile phone invoice. These must be different types and no more than three months old.

2. A list of names and addresses of shareholders holding 10% or more of the issued share capital of the company and in the case of individual shareholders, their occupations and dates of birth □

* If the applicant is a Designated Body in an EU country, this information is not required; however we will require evidence of your regulated status from the appropriate regulatory authority and an original or certified copy authorised signatory list with specimen signatures on company letterhead

** Applicants from certain jurisdictions may be required to provide further information on request.

Documentation required for a TRUST/ FOUNDATION/ CHARITY Enclosed

1. Confirmation of Name, registered and principal business address □ 2. Constitutional/ Formation document (e.g. Trust Deed or equivalent) □ 3. Nature and purpose □

4. ONE Personal Verification and TWO Address Verification documents for at least TWO □ trustees/directors/governors/board members or ONE trustee/director/governor/board member and ONE authorised signatory (original/ certified)

5. ONE Personal Verification and TWO Address Verification documents for any settler (where appropriate) □

6. ONE Personal Verification and TWO Address Verification documents for all beneficiaries who own at least 25% of □ the capital 7. Original Signatory List □

Please note that the Administrator can only accept Application Forms from an entity that has legal capacity to enter into contracts on its own right and may require the constitutive document to legitimate legal status.

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Part 7b: Anti-Money Laundering – Confirmation for Nominees/Intermediaries

This confirmation can only be completed by designated bodies regulated for anti-money laundering purposes by the appropriate regulator in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Guernsey, Hong Kong, Iceland, Ireland, Italy, Jersey, Luxembourg, Isle of Man, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States (please note this list is subject to change).

For EU countries, AML must be completed in line with the EU Anti-Money Laundering Directive (as may be amended and supplemented from time to time). For entities outside of the EU, the applicable legislation must be provided and applied.

Designated body investing as an intermediary □ Description of Investor Nominee Company □

Investor □ Relationship of confirmation provider (regulated entity) to Investor Parent of Investor □

Name of Regulated Entity Name of Regulator Address of Regulated Entity

We confirm that we are a designated body regulated for anti-money laundering purposes by the below regulator and hereby confirm the following in connection to the investor:

1. We/the investor* has performed the anti-money laundering and counter-terrorist financing identification for any parties on whose behalf the investor is purchasing shares (“underlying investors”). 2. The evidence We/the investor* has obtained to verify the identity of the underlying investors, and where appropriate, their beneficial shareholders, meets the requirements of our national anti-money laundering and counter-terrorist financing legislation and regulations. 3. We confirm that all documents and information, which we/the investor* may have on our/the investor’s* files relating to the identity of each underlying investor will be sent to a competent authority as soon as practicable upon the competent authority’s request. 4. We confirm that all documents and information, which we/the investor* may have on our/the investor’s files relating to the identity of each underlying investor will be sent to the Administrator of the Fund as soon as practicable upon its request, subject to applicable rules and regulations. 5. We/the investor* will retain these documents and information for a period of at least 5 years after the relationship with an underlying investor has ended. 6. We/the investor* will take measures to ensure that the underlying investors are neither individuals nor institutions against whom sanctions have been imposed by the EU or United Nations or persons or entities that are included on the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Treasury’s Department’s Office of Foreign Asset Control (“OFAC”).

This confirmation can be applied to all future designations opened in the nominee/intermediary name.

Yours faithfully,

Name: Title: (BLOCK CAPITALS) Authorised Signatory of Regulated Entity.

This should be signed by an authorised member of the Compliance *delete as applicable Department or Legal Department (please state position).

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Part 8: Self-certification form A) INDIVIDUAL (CONTROLLING PERSON’S) SELF-CERTIFICATION FOR FATCA AND CRS

Instructions for completion

We are obliged under Section 891E, Section 891F and Section 891G of the Taxes Consolidation Act 1997 (as amended) and regulations made pursuant to those sections to collect certain information about each investor’s tax arrangements. Please complete the sections below as directed and provide any additional information that is requested. Please note that in certain circumstances we may be legally obliged to share this information, and other financial information with respect to an investor’s interests in the Fund, with relevant tax authorities. This form is intended to request information only where such request is not prohibited by Irish law.

If you have any questions about this form or defining the investor’s tax residency status, please refer to the OECD CRS Portal or speak to a tax advisor.

For further information on FATCA or CRS please refer to Irish Revenue website at http://www.revenue.ie/en/business/aeoi/index.html or the following link to the OECD CRS Information Portal at: http://www.oecd.org/tax/automatic-exchange/ in the case of CRS only.

If any of the information below about the investor’s tax residence or FATCA/CRS classification changes in the future, please advise of these changes promptly.

Please note that where there are joint or multiple account holders each investor is required to complete a separate Self- Certification form.

Sections 1, 2, 3 and 5 must be completed by all investors.

Section 4 should only be completed by any individual who is a Controlling Person of an entity investor which is a Passive Non-Financial Entity. For further guidance see: http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/common-reporting-standard-and-related- commentaries/#d.en.345314

(Mandatory fields are marked with an *)

Section 1: Investor Identification

Investor Name*:

Fund Name:

Current Residential Address*:

Address

City, Town, State, Postal / ZIP code Province or County:

Country:

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Mailing address (if different from above):

Address

City, Town, State, Postal / ZIP code Province or County:

Country:

Place of Birth*

Town or City of Birth*:

Country of Birth*:

Date of Birth*:

Section 2: FATCA Declaration of U.S. Citizenship or U.S. Residence for Tax purposes*

Please tick either (a) or (b) and complete as appropriate.

(a) I confirm that [I am]/[the investor is] a U.S. citizen and/or resident in the U.S. for tax  purposes and [my]/[its] U.S. federal taxpayer identifying number (U.S. TIN) is as follows: ______

(b) I confirm that [I am not]/[the investor is not] a U.S. citizen or resident in the U.S. for tax purposes 

Section 3: CRS Declaration of Tax Residency (please note you may choose more than one country)*

Please indicate your/ the investor’s country of tax residence (if resident in more than one country please detail all countries of tax residence and associated taxpayer identification numbers (“TIN”). Please see the CRS Portal for more information on Tax Residency.

Country of Tax Residency Tax ID Number

NOTE: Provision of a Tax ID number (TIN) is required unless you are tax resident in a Jurisdiction that does not issue a TIN.

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Section 4: Type of Controlling Person

(ONLY to be completed by any individual who is a Controlling Person of an entity investor which is a Passive Non-Financial Entity or an Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution)

For joint or multiple Controlling Persons please complete a separate Self-Certification form for each Controlling Person.

Please confirm what type of Controlling Person applicable Please Tick Entity Name under CRS that applies to you/the investor by ticking the appropriate box.

Controlling Person of a legal person – control by ownership

Controlling Person of a legal person – control by other means

Controlling Person of a legal person – senior managing official

Controlling Person of a trust - settlor

Controlling Person of a trust – trustee

Controlling Person of a trust – protector

Controlling Person of a trust – beneficiary

Controlling Person of a trust – other

Controlling Person of a legal arrangement (non-trust) – settlor-equivalent

Controlling Person of a legal arrangement (non-trust) – trustee-equivalent

Controlling Person of a legal arrangement (non-trust) – protector-equivalent

Controlling Person of a legal arrangement (non-trust) – beneficiary- equivalent

Controlling Person of a legal arrangement (non-trust) – other-equivalent

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B) ENTITY SELF-CERTIFICATION FORM

Instructions for completion

If you have any questions about this form or defining the investor’s tax residency status, please refer to the OECD CRS Portal or speak to a tax adviser.

For further information on FATCA or CRS please refer to Irish Revenue website at http://www.revenue.ie/en/business/aeoi/index.html or the following link: http://www.oecd.org/tax/automatic-exchange/ in the case of CRS only.

If any of the information below about the investor’s tax residence or FATCA/CRS classification changes in the future, please ensure that we are advised of these changes promptly.

(Mandatory fields are marked with an *)

Investors that are individuals should not complete this form and should complete the form entitled “Individual Self-Certification for FATCA and CRS”.

Section 1: Investor Identification

Investor Name*:

(the “Entity”)

Country of Incorporation or Organisation:

Current Registered Address*:

Address

City, Town, State, Postal / Zip code Province or County:

Country:

Mailing address (if different from above):

Address

City, Town, State, Postal / Zip code Province or County:

Country:

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Section 2: FATCA Declaration Specified U.S. Person

Please tick either (a), (b) or (c) below and complete as appropriate.

(a) The Entity is a Specified U.S. Person and the Entity’s U.S. Federal Taxpayer identifying number (U.S.  TIN) is as follows: ______

(b) The Entity is not a Specified U.S. Person (please also complete Sections 3, 4 and 5)  OR (c) The Entity is a U.S. person but not a Specified U.S. Person (please also complete Sections 3, 4 and 5) 

Section 3: Entity’s FATCA Classification* (the information provided in this section is for FATCA, please note your classification may differ from your CRS classification in Section 5):

3.1 Financial Institutions under FATCA:

If the Entity is a Financial Institution, please tick one of the below categories, and provide the Entity’s GIIN at 3.2.

I. Irish Financial Institution or a Partner Jurisdiction Financial Institution

II. Registered Deemed Compliant Foreign Financial Institution

III. Participating Foreign Financial Institution

3.2 Please provide the Entity’s Global Intermediary Identification number (GIIN): ______

3.3 If the Entity is a Financial Institution but unable to provide a GIIN, please tick one of the below reasons:

I. The Entity has not yet obtained a GIIN but is sponsored by another entity which does have a GIIN

Please provide the sponsor’s name and sponsor’s GIIN :

Sponsor’s Name:______Sponsor’s GIIN:______

II. Exempt Beneficial Owner

III. Certified Deemed Compliant Foreign Financial Institution (including a deemed compliant Financial Institution under Annex II of the Agreement)

IV. Non-Participating Foreign Financial Institution

V. Excepted Foreign Financial Institution

3.4 Non-Financial Institutions under FATCA:

If the Entity is not a Financial Institution, please tick one of the below categories:

I. Active Non-Financial Foreign Entity

II. Passive Non-Financial Foreign Entity

(If this box is ticked, please include self-certification forms for each of your Controlling Persons)

III. Excepted Non-Financial Foreign Entity

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Section 4: CRS Declaration of Tax Residency (please note that you may choose more than one country)*

Please indicate the Entity’s country of tax residence for CRS purposes, (if resident in more than one country please detail all countries of tax residence and associated tax identification numbers (“TIN”)).

NOTE: Provision of a Tax ID number (TIN) is required unless you are tax resident in a Jurisdiction that does not issue a TIN.

If the Entity is not tax resident in any jurisdiction (e.g. because it is fiscally transparent), please indicate that below and provide its place of effective management or country in which its principal office is located.

Country of Tax Residency Tax ID Number

Section 5: Entity’s CRS Classification* (the information provided in this section is for CRS. Please note an Entity’s CRS classification may differ from its FATCA classification in Section 3):

For more information please see the CRS Standard and associated commentary. http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/common-reporting-standard-and-related- commentaries/#d.en.345314

5.1 Financial Institutions under CRS:

If the Entity is a Financial Institution, please tick one of the below categories:

I. Financial Institution under CRS (other than (II) below)

II. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution (If this box is ticked ,please indicate the name of any Controlling Person(s) of the Entity and complete a separate individual self-certification form for each of your Controlling Persons**)

5.2 Non-Financial Institutions under CRS:

If the Entity is a Non-Financial Institution, please tick one of the below categories.

I. Active Non-Financial Entity – a corporation the stock of which is regularly traded on an established securities market or a corporation which is a related entity of such a corporation

II. Active Non-Financial Entity- a Government Entity or Central Bank

III. Active Non-Financial Entity – an International Organisation

IV. Active Non-Financial Entity – other than (I)-(III) (for example a start-up NFE or a non-profit NFE)

V. Passive Non-Financial Entity (If this box is ticked, please complete a separate Individual Self- Certification Form for each of your Controlling Person(s))

**Controlling Persons: NB: Please note that each Controlling Person must complete a Separate Individual Self-Certification form. If there are no natural person(s) who exercise control of the Entity then the Controlling Person will be the natural person(s) who hold the position of senior managing official of the Entity.

For further information on Identification requirements under CRS for Controlling Persons, see the Commentary to Section VIII of the CRS Standard. http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/common-reporting-standard-and-related- commentaries/#d.en.345314

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Part 9: Declarations Part 9a: Declaration of residence inside or outside the Republic of Ireland

Applicants resident outside Ireland are required by the Irish Revenue Commissioners to make the following declaration, which is in a format authorised by them, in order to receive payment without deduction of tax.

It is important to note that this declaration, if it is then still correct, shall apply in respect of any subsequent acquisitions of shares.

Terms used in this declaration are defined in the Prospectus.

Tick (a), (b), (c) or (d) as appropriate.

□ (a) I/we declare that I am/we are applying for the shares on my own/our own behalf/on behalf of a company and that I am/we are/the company is entitled to the shares in respect of which this declaration is made and that • I am/we are/the company is not currently resident or ordinarily resident in Ireland, and

• Should I/we/the company become resident in Ireland I/we will so inform you, in writing, accordingly.

□ (b) I/we declare that I am/we are applying for shares on behalf of persons:

• who will be beneficially entitled to the shares; and,

• who, to the best of my/our knowledge and belief, are neither resident nor ordinarily resident in Ireland. I/we also declare that:

• unless I/we specifically notify you to the contrary at the time of application, all applications for shares made by me/us from the date of this application will be made on behalf of such persons; and,

• I/we will inform you in writing if I/we become aware that any person, on whose behalf I/we hold shares, becomes resident in Ireland.

□ (c) I am/We are currently resident or ordinarily resident in Ireland and I/we will not cause the fund to have an obligation to deduct and pay tax to the Irish Revenue Commissioners as I am/we are an Exempt Investor (as defined in the Prospectus).

□ (d) I am/We are currently resident or ordinarily resident in Ireland and I/we will cause the fund to have an obligation to deduct and pay tax to the Irish Revenue Commissioners.

If you are currently resident or ordinarily resident in Ireland, please request and complete the “Irish Resident Declaration Form” available on request.

Name Signature(s) Date / /

Joint Applicants

Name Signature(s) Date / / Name Signature(s) Date / / Name Signature(s) Date / /

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NOTES: 1. Non-resident declarations are subject to inspection by the Irish Revenue Commissioners and it is a criminal offence to make a false declaration. 2. To be valid, the application form (incorporating the declaration required by the Irish Revenue Commissioners) must be signed by the applicant. If the applicant is a company, it must be signed by the company secretary or another authorised officer. 3. In the case of a firm (not a limited company) applications should be in the name(s) of and signed by the proprietor(s). 4. A corporation should complete this form under seal or under the hand of a duly authorised official who should state his capacity and furnish a certified copy of the authority pursuant to which such official is authorised. 5. If the application form (incorporating the declaration required by the Irish Revenue Commissioners) is signed under power of attorney, a copy of the power of attorney must be furnished in support of the signature.

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Part 9b: Other Declarations

• I/We confirm that I am/we are over 18 years of age and that I am/we are either a Qualifying Investor or a Knowledgeable Investor as defined in the Prospectus. • I/We confirm that I am/we are not a US person (as defined in the Prospectus) and am/are not acquiring Shares on behalf of, or for the benefit of, a US person, nor do I/we intend transferring any Shares which I/we may purchase to any person who is a US person. • In the case of applicants who are not individuals, we confirm that we are not a “benefit plan investor” as such term is used in the US Employee Retirement Income Security Act 1974, as amended (“ERISA”) and less than 25% of each class of our equity interests is held by “benefit plan investors”. • I/We hereby indemnify the Manager, Investment Manager, Depositary, Administrator and other Shareholders for any loss suffered by them as a result of my/our acquiring or holding Shares in the ICAV where, by virtue of my/our holding, I am/we are in breach of the laws of any competent jurisdiction. • I/we hereby confirm that this application is based solely on the Prospectus, Supplement and Terms and Conditions for the Fund current at the date of this application and the material contracts therein referred to together (where applicable) with the most recent annual report and accounts of the Fund. I/We hereby declare that I/we understand and accept that a copy of the Prospectus is/was available to us on request. • I/We confirm that the ICAV, the Manager, the Investment Manager, the Depositary, the Administrator, the Distributor and their affiliates (the “Management Parties”) are entitled to rely upon the information provided by me/us in this application without further investigation, and I/We will compensate the Management Parties for 100% of any direct or indirect loss suffered by the Management Parties due to any factual error or omission in my/our application. • I/We confirm that we shall promptly inform the ICAV in the event of any changes to the information contained in this application. • I/We confirm I/we have undertaken all necessary due diligence to ensure I/we are not contravening any law or regulation applicable to me/us in acquiring Shares. • I/We confirm that I/we have the necessary financial ability to bear any losses that may arise in connection with my/our acquisition of the Shares, including the loss of my/our entire investment. • I/We hereby undertake to observe and be bound by the provisions of the Instrument of Incorporation (as amended from time to time) constituting the ICAV and Fund and apply to be entered in the Register of Shareholders as the holder/holders of the Shares issued in relation to this application. • The ICAV, the Administrator and the Manager are each hereby authorised and instructed to accept and execute any instructions in respect of the Shares to which this application relates given by me/us in written form or by facsimile. If the instructions are given by me/us by facsimile I/we undertake to confirm them in writing. I/We hereby agree to indemnify each of the ICAV, the Administrator and the Manager and agree to keep each of them indemnified against any loss of any nature whatsoever arising to any of them as a result of any of them acting upon facsimile instructions. In circumstances where such instructions relate to a change in the Bank Account Details for Redemption Payments referred to above, I/we confirm that I/we will provide you with an original instruction. The ICAV, the Administrator and / or the Manager may rely conclusively upon and shall incur no liability in respect of any action taken upon any notice, consent, request, instruction or other instrument believed in good faith to be genuine or to be signed by properly authorised persons. • I/We agree that you may make searches of data sources including credit reference agencies and a search of the electoral roll, who will supply you with information for the purpose of verifying my/our identity. • The ICAV, the Distributor, the Administrator and the Manager shall be held harmless and indemnified against any loss arising as a result of a failure to process the application if such information has been required by the parties referred to has not been provided by me/us. • I/We acknowledge that due to money laundering requirements operating within their respective jurisdictions the Distributor, the Administrator and the Manager (as the case may be) may require further identification of the applicant(s) before the application can be processed. • I/We consent to the Manager processing the information supplied by me/us in order to consider my/our application and to manage and administer any of the services provided in relation to the investment in the Fund (including any statutory obligations). Such information may be processed on behalf of the Manager by the Administrator and any data processors acting on behalf of either. • I/We agree (i) to provide these representations to the Manager at such times as the Manager may request, and (ii) to provide on request such certifications, documents or other evidence as the Manager may reasonably require to substantiate such representations. • Your personal information may be held and processed by companies in the Royal London Group, and other organisations who perform activities on behalf of Royal London. • Telephone calls may be recorded.

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• I/We undertake to advise the recipient promptly and provide an updated Self-Certification form where any change in circumstances occurs which causes any of the information contained in this form to be incorrect. • I/We declare that the information provided in this form is, to the best of my/our knowledge and belief, accurate and complete. • I/We acknowledge that the information contained in this form and information regarding the Account Holder may be reported to the tax authorities of the country in which this account(s) is/are maintained and exchanged with tax authorities of another country or countries in which the Account Holder may be tax resident where those countries (or tax authorities in those countries) have entered into Agreements to exchange financial account information.

Applicant

Name Signature(s) Date / /

Joint Applicants

Name Signature(s) Date / / Name Signature(s) Date / / Name Signature(s) Date / /

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Royal London Asset Management Limited Attention: Client Account Management 55 Gracechurch Street London EC3V 0RL Telephone: 020 7506 6500 www.rlam.co.uk

Royal London Asset Management Investment Funds ICAV C/o State Street Fund Services (Ireland) Limited Registration Services - Transfer Agency Department 78 Sir John Rogerson’s Quay Dublin 2 Ireland Customer Services Telephone: +353 18 53 87 97

Issued by: Royal London Unit Trust Managers Limited on June 2017. Information correct as at that date unless otherwise stated. Royal London Unit Trust Managers Limited, registered in England and Wales number 2372439. Authorised and regulated by the Financial Conduct Authority.

Royal London Asset Management Investment Funds ICAV is an umbrella company with segregated liability between sub-funds, authorised and regulated by the Central Bank of Ireland. Registered in Ireland number C164829. Registered office: 70 Sir John Rogerson’s Quay, Dublin 2, Ireland. Directors: Vincent Dodd (Irish), Rakesh Kumar (British), Ewan McAlpine (British), Susan Spiller (American), Bryan Tiernan (Irish), Rob Williams (British). Our ref: RD RLAM ON 0001

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