Delistings SPDR ETFs I 2024

RNS ANNOUNCEMENT

Date: 10 April 2024

SSGA SPDR ETFs Europe I plc (the "Company")

(together the "Funds")

If you have sold or transferred all of your shares in the Fund, please pass this document at once to the stockbroker, bank or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee as soon as possible

We are writing to you as a Shareholder in one or more of the Funds. We hereby give you notice that the board of Directors of the Company have determined to delist the Funds from certain exchanges, as outlined in Appendix 1 (the "Delisting").

The Delisting will take effect on the following dates or any such date as may be determined by the Board and notified in advance to you (the "Delisting Dates"):

·      In relation to the London Stock Exchange and Euronext Paris the Delisting will take effect on 10th May.

·      In relation to the Borsa Italiana, the delisting will be effective on July 10th as requested by the Issuer to Borsa Italiana.

The Delisting is on the recommendation of State Street Global Advisors Europe Limited, which acts as investment manager to the Funds (the "Investment Manager") and is in accordance with the terms of the Prospectus and the Company's memorandum and articles of association. Having consulted with the Investment Manager, the Directors are of the opinion that the Delisting is in the best interests of Shareholders of the Funds.

The Investment Manager is of the view that the Company should aim to list Shares on exchanges where there is sufficient demand, concentrated liquidity and where trades can be made with competitive spreads. In order to achieve this, the Directors and the Investment Manager regularly review the Shares available to investors and the exchanges on which they are listed.

Following a recent review, the Directors have decided to apply to delist some trading lines of the Funds (see Appendix 1) in order to concentrate liquidity on a smaller number of exchanges and to reduce spreads rather than having listings on a larger number of exchanges with lower volumes. Maintaining listings which only have small volumes of trading can result in reduced liquidity at a higher price.

For each Fund that will be delisted, there will be at least one other listing on another European exchange that will be maintained. Details of the exchanges where listings will be maintained are set out in Appendix 1 under the heading 'Remaining Listings'. No Fund will be closed as a result of the Delisting.

From the date of this letter up to (but excluding) the Delisting Dates, you can continue to sell Shares in the Funds on the current exchange venues. Following the Delisting Dates, you can continue to hold Shares in the Funds that have been delisted but you will no longer be able to sell those Shares on the exchanges from which they will be delisted. You will be able to sell those Shares on any of the other exchanges on which they remain listed but there may be additional costs associated with using another exchange. In view of the above, Shareholders are strongly advised to consult with their brokers or financial advisors on the options available to them and obtain the necessary advice.

You do not need to take any action in response to this notice and no Shareholder meeting or vote is required. You should consult your broker/advisor to discuss gaining access to alternative exchanges following the Delisting or whether it would be more appropriate for you to sell your holding prior to the Delisting Dates.

It should be noted that the Delisting applies to the stated Funds and exchanges only and does not affect shareholdings in any other sub-funds of the Company.

Investors in the Funds are advised to consult their tax advisers regarding the effect of the Delisting in light of their individual circumstances. Should you have any queries, please contact the SPDR ETF Sales and Support team at [email protected].

Appendix 1