Cost provisions for Corporate Actions and Proxy Notification of General Meetings, associated with the Shareholder Rights Directive II

Pursuant to the transparency of cost provision set out in Article 3d of the Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement as transposed into local law by one or more member states in the European Union (the “Directive”) and subject further to any applicable local law in each such member states (with respect to each such applicable member state, the Directive and any applicable local law shall hereinafter collectively be referred to as the “Applicable Law”), the following are the fees that Brown Brothers Harriman (“BBH”) currently, as of September 3, 2020, charges with respect to proxy voting, corporate action related services and shareholder identification requests. This disclosure corresponds to BBH acting in the capacity of an “intermediary” as defined in the Directive.

All fees are expressed in US dollars, unless otherwise stated.

Proxy Voting

Notifications for shareholder meetings where proxy voting services are used are charged as below:

Corporate Actions

There are currently no fees charged for the delivery of corporate action information or for the processing of corporate actions. To the extent there are associated movements of cash and securities in relation to a corporate action, the applicable transaction charges set forth in clients’ fees schedules agreed with BBH will apply.

Shareholder Disclosure Requests

Where BBH is required under applicable law to respond to a shareholder disclosure request, the following charge applies per response:

Shareholder Disclosure Forwards

Where BBH is required under applicable law to forward a shareholder identification request to the next intermediary in the chain of custody, the following charge applies per forward:

Additional Notes

Fees listed above represent current standard fees that may be applicable in addition to global custody safekeeping and transactions fees. Individual client agreements may differ based on actual services offered and applied.

Non-standard servicing offerings or value-added service offerings may result in differences in fees, such as but not limited to, the holding of securities in an investor CSD, corporate trust and clearing services, or the combination of custody and collateral management service offerings.

BBH will pass through to clients any out-of-pocket expenses including (but not limited to) local market proxy voting costs, postage, courier expenses, registration fees and costs associated with physical attendance at meetings.
This disclosure is made on behalf of Brown Brothers Harriman & Co. and to the extent applicable, any of its affiliates through which global custody services are contracted.

All fees disclosed in this document may be subject to change going forward.

All fees disclosed in this document are exclusive of VAT or other relevant sales taxes.