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From Simon Gergel
Portfolio Manager of
The Merchants Trust PLC

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From Stephanie Carbonneil
Managing Director
Head of Investment Trusts

By submitting this registration form, you consent to receiving newsletters, advertisements or other marketing material from Allianz Global Investors UK Limited (“we”, “our” or “us”). For this purpose, we will process your name, company and e-mail address (“Personal Data”) with your consent.

You can unsubscribe at any time by visiting our preference centre, accessible via the bottom of every e-mail we send or on our respective investment trust website, this will be without any negative consequences and review, correct and object to the processing of your Personal Data at any time or by contacting us at dataprivacy@allianzgi.com. Each communication that we send to you will also tell you how to unsubscribe. You acknowledge that the Personal Data that you provide will be processed in accordance with the information below and our Privacy Policy.

For the purposes of data protection laws, Allianz Global Investors UK Limited is the "Data Controller" in respect of the Personal Data that you provide to us through this form. With your consent, we will also share your Personal Data with our affiliates in line with applicable data protection laws . We will also use third party service providers to send out our mailings on the basis of data processing agreements. Details regarding our affiliates and third party service providers may be found in our Privacy Policy.

The information that you provide to us through this form will be stored in our database and may be combined with other information that we obtain from you in another context (e.g. if you enter into a business relationship with us).

Note that the email messages that you receive from us may be tailored to your profile so that you receive more relevant communications and promotions (e.g. if you are working for a bank you may receive different material than someone from the manufacturing industry). We also keep track of interactions of our marketing emails (e.g. if someone clicked a specific link or whether someone read our email or not) but this information will only be collected in an anonymized form (i.e. we do not track your but we aggregate the insights from all recipients). This helps us to better understand our reader’s preferences so that we can constantly improve our services.

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Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Past performance does not predict future returns. For further information contact the issuer at the address indicated below. This is a marketing communication issued by Allianz Global Investors UK Limited, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk. Allianz Global Investors UK Limited company number 11516839 is authorised and regulated by the Financial Conduct Authority. Details about the extent of our regulation are available from us on request and on the Financial Conduct Authority's website (www.fca.org.uk). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors UK Limited. The Merchants Trust PLC is incorporated in England and Wales. (Company registration no. 28276). Registered Office: 199 Bishopsgate, London, EC2M 3TY.

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