This notice is sent to you as a shareholder of KraneShares 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 sold or otherwise transferred your holding in KraneShares 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 hereto may be necessary to meet the requirements of the Central Bank. The Directors are of the opinion that there is nothing contained in this notice nor in the proposals detailed herein that conflicts with the requirements of the Central Bank.

Defined terms have the same meaning as described in the prospectus of KraneShares ICAV dated 1 May 2026.

KraneShares ICAV

70 Sir John Rogerson's Quay

Dublin 2 Ireland

An umbrella fund with segregated liability between sub-funds

2 July 2026

Dear Shareholder

KraneShares ICAV

KraneShares ICBCUBS SSE Star Market 50 Index UCITS ETF (the "Fund")

We are writing to you as a shareholder in the Fund to inform you of a change that is being made to the Fund as further described below. This change will take effect upon the approval by the Central Bank of the updated supplement in respect of the Fund (the "Supplement"), which is expected to be on 20 July 2026 or such later date as the update to the Supplement is noted by the Central Bank (the "Effective Date").

It is proposed to change the name of the Fund (as outlined in the table below) to better reflect the Fund's underlying exposure to China's technology and semiconductor sectors and this change will take effective from the Effective Date.

For the avoidance of doubt, please note that there will be no change to the Fund's investment objective, investment strategy, benchmark index, or the manner in which the Fund is managed as a result of this name change.

Please do not hesitate to contact your professional adviser in connection with any questions you may have concerning the changes to the Fund as described above. A copy of the Supplement will be available on request from the Investment Manager.

Yours sincerely

Director

KraneShares ICAV