Notice to Shareholders

NOTICE TO SHAREHOLDERS

RE:         Invesco RAFI All-World Fundamental Value UCITS ETF, ISIN IE00B23LNQ02

                Invesco RAFI Emerging Markets Fundamental Value UCITS ETF, ISIN IE00B23D9570

                Invesco RAFI US Fundamental Value UCITS ETF, ISIN IE00B23D8S39

                Invesco RAFI Europe Fundamental Value UCITS ETF, ISIN IE00B23D8X81

                (each the "Fund" and together the "Funds")

Dear Shareholder,

We are writing to you as a Shareholder of the Fund/s, each a sub-fund of Invesco Markets III plc (the "Company") to inform you of changes to the index methodology of the Indices tracked by the Funds.

Changes

RAFI Indices have implemented a change to the methodology of the Indices tracked by the Funds, namely the RAFI Fundamental Global Index Net Total Return, RAFI Fundamental Emerging Markets Index Net Total Return, RAFI Fundamental Europe Index Net Total Return and RAFI Fundamental US Index Net Total Return (each an "Index", and together the "Indices"). The change introduces weight capping for individual securities in the Indices, such that the maximum weight of any individual security is limited to 9.5% and an aggregate weight for companies greater than 5% is capped at 38% at each selection date. This is intended to reduce concentration risk within the Indices. No other material changes have been made to the Index construction, rebalancing or reconstitution processes of the Indices.  The change is expected to facilitate the funds' continued compliance with UCITS diversification limits and there will be no impact on the Fund's portfolios. There will be no change to the investment objective or policy of the Funds as a result of this change.

The change will take effect from the next rebalance on or around 19^th June 2026.

Next Steps

The Prospectus of the Funds will be amended to reflect the above-mentioned changes in due course.

General

Shareholders may obtain the Prospectus, the key information document, the latest annual and semi-annual reports and copies of the constitution of the Company free of charge from the registered office of the Manager or the local representatives in the countries where the Company is registered as well as from the German information agent, Marcard Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany and on the website of the Company - etf.invesco.com or - limited to the Prospectus, the key information documents - on the website of the relevant stock exchange where the Shares are listed (for Italy, on the website of Borsa Italiana S.p.a. www.borsaitaliana.it). In Switzerland, the Prospectus, the key information documents, the latest annual and semi-annual reports and copies of the M&A may be obtained free of charge from the Swiss Representative, BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich. BNP Paribas, Paris, succursale de Zurich, also acts as Swiss Paying Agent for the Funds.

All capitalised terms used in this notice shall bear the same meaning as the capitalised and defined terms used in the Prospectus.

Yours faithfully

For and on behalf of Invesco Markets III plc