abrdn III ICAV

abrdn Global Real Estate Active Thematics UCITS ETF

This Notice is sent to you as a shareholder of abrdn III ICAV (the "ICAV"). It is important and requires your immediate attention. If you are in any doubt as to the action to be taken, you should immediately consult your stockbroker, solicitor or attorney or other professional advisor. If you have sold or otherwise transferred your holding in the ICAV, please send this Notice to the stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

This Notice has not been reviewed by the Central Bank of Ireland (the "Central Bank") and it is possible that changes thereto may be necessary to meet the requirements of the Central Bank. The directors of the ICAV (the "Directors") are of the opinion that there is nothing contained in this Notice nor in the proposals detailed herein that conflicts with the guidance issued by and regulations of the Central Bank.

The Directors have taken all reasonable care to ensure that, as at the date of this Notice, the information contained in this Notice is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility for the information contained in this Notice. 

Unless otherwise indicated, all capitalised terms in this Notice shall have the same meaning as described in the prospectus for the ICAV dated 1 December 2022 and the supplement in respect of the abrdn Global Real Estate Active Thematics UCITS ETF dated 15 January 2024 (the "Supplement").

5 August 2024

Dear Shareholder

abrdn Global Real Estate Active Thematics UCITS ETF

(the "Fund")

We are writing to you in your capacity as a Shareholder in the Fund to inform you of the below changes in respect of the Fund.

Change of Name of the Fund

The Supplement for the Fund is to be updated to reflect a change in name of the Fund. It is proposed that the name of the Fund will be changed to abrdn Future Real Estate UCITS ETF.

The proposed change of name is to reflect the existing focus of the Fund on themes that will drive future investment demand in real estate.

Updates in relation to SFDR Article 8

abrdn is committed to reviewing its range of funds with the aim of ensuring that they continue to meet client and regulatory requirements and expectations. This includes ongoing monitoring of the existing minimum Sustainable Investment commitments within all funds classified as Article 8 or Article 9 under the EU's Sustainable Finance Disclosure Regulation ("SFDR").

As a result of this review process, abrdn has determined it appropriate to increase the minimum Sustainable Investment commitments across its Article 8 funds, including the Fund, in order to ensure that they are: (1) more representative of the actual levels of "sustainable investment" commitments, (2) to the extent possible, consistent across similar ESG/Sustainable Investment approaches, and (3) positioned suitably for anticipated ESG regulatory developments. These increases have also been facilitated in part by more readily available ESG data.

In relation to Fund, this will lead to an update of the SFDR pre-contractual disclosures which form part of the Supplement to provide for a minimum Sustainable Investment commitment of 10% of the Net Asset Value of the Fund and this will be included as a binding commitment. Certain other enhanced disclosures will also be made to the SFDR pre-contractual disclosures as part of this update.

The above changes will take effect from 12 August 2024 or such later date as an updated Supplement is approved by the Central Bank.

You do not have to take any action regarding this notification.

The above changes will not change the investment objective or policy of the Fund nor will they represent a change to the way in which the Fund is managed or a change to the Fund's risk profile. No portfolio rebalancing will be required as a result of the changes.

Further information

Should you have any queries in relation to this matter, do not hesitate to contact your regular relationship contact, or contact abrdn Servicing team at [email protected].

Yours faithfully

The Board of Directors

abrdn III ICAV

3rd Floor, 55 Charlemont Place,

Dublin 2, D02 R296

Ireland