DISCLAIMER FOR UCITS FUND INVESTORS

This information is intended for investors in the Sands Capital Funds plc ONLY. The contents of this website have been prepared solely for informational purposes. The information contained in this website does not constitute an offer or solicitation and may not be treated as an offer or solicitation:

• Where such an offer or solicitation is against the law.

• To anyone to whom it is unlawful to make such an offer or solicitation.

• If the person making the offer or solicitation is not qualified to do so.

  This site is not directed at you if we are prohibited by any law from making the information on this site available to you. You should satisfy yourself before accessing the site that we would be allowed to provide investment product information to you under the law. If you are unsure as to whether the investment products described in this site are suitable for you, we strongly recommend that you seek professional advice from a registered financial adviser. We have not considered the suitability and/or appropriateness of any investment you may wish to make with us. It is your responsibility to be aware of and to observe all applicable laws and regulations. This site is NOT intended for distribution or use by citizens or residents of the United States. No investment may be offered or sold to citizens or residents of the United States nor in any other country, state or jurisdictions where it would be unlawful to offer or solicit such investments. This restriction also applies to citizens and residents of the United States who may view or access this site while traveling or living outside of the United States. The investment products described on this site are not registered under the U.S. Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a U.S. citizen or U.S. resident.   If you are a U.S. citizen or resident, go back to www.sandscapital.com. If you are a non-U.S. citizen and non-U.S. resident, please continue reading the information below.   Sands Capital Funds, plc is a Dublin, Ireland-domiciled open-ended umbrella company consisting of the following fund:

• Sands Capital US Select Growth UCITS Fund

• Sands Capital Global Growth UCITS Fund

• Sands Capital Global Leaders UCITS Fund

• Sands Capital Emerging Markets Growth UCITS Fund

  Certain share classes of the offshore fund described in the following pages are registered for sale only in Finland, Norway, Singapore, South Africa, Sweden, and Switzerland. The offering of shares is not a public offer in Norway, and these materials are for the recipient only and may not in any way be forwarded to any other person or to the public in Norway. It is your responsibility to be aware of the applicable laws and regulations of your country. Further information is available in the Prospectus, relevant country supplement or other constitutional document for the fund.   The following pages do not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. Applications to invest in the fund referred to on this site must only be made on the basis of the documents relating to the specific investment (e.g., Prospectus or other applicable terms and conditions).   As a result of money laundering regulations, additional documentation for identification purposes may be required if you make an investment. Details are contained in the Prospectus or other constitutional document.   If you are unsure about the meaning of any information provided or whether you are entitled to proceed, please consult your financial or other professional adviser.   The information contained on this site is published in good faith but no representation or warranty, express or implied, is made by Sands Capital Management or by any person as to its accuracy or completeness and it should not be relied on as such. You should review the Prospectus and other constitutional documents prior to making any investment decision. No information on this site constitutes investment, tax, legal, investment or any other advice.   Sands Capital Management shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.   Past performance is no guarantee of future performance.   The value of investments and the income from them may go down as well as up, and are not guaranteed.   You may not get back the amount you invested.   Rates of exchange may cause the value of the investments to go up or down.   Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. For your protection, telephone calls are usually recorded and may be used in the event of any complaint or dispute between us.   The views expressed herein do not necessarily reflect the views of the Sands Capital Management as a whole or any part thereof, and are not intended nor should they constitute investment or any other advice.   ©2020 Sands Capital Management LLC. All Rights Reserved.