T. Rowe Price Global Growth Equity Net Zero Transition Fund A

Objectives and Investment Policy Objective To increase the value of its shares, over the long term, through growth in the value of its investments. Portfolio securities The fund is actively managed and invests mainly in a diversified portfolio of shares of companies that have the potential for aboveaverage and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets. Although the fund does not have sustainable investment as an objective, the promotion of environmental and/or social characteristics (“E & S”) is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments. Details of how E & S are promoted are further explained in the fund's RTS annex to the prospectus. https://www.troweprice.com/esg. The fund may use derivatives for hedging and efficient portfolio management. Investment process The investment manager's approach is to: Identify “best ideas” by assessing companies in a global sector context, using a bottom-up approach to create a high-conviction global portfolio of around 150 to 200 companies. Utilise a proprietary global research platform using fundamental analysis to identify companies with superior and sustainable growth prospects. Integrate macroeconomic and local market factors in stock selection decisions. Measure valuation appeal against the local market and broad sector opportunity set. Invest in a broad range of shares across all capitalisations, incorporating developed and emerging markets. Assess environmental, social and governance factors with particular focus on those considered most likely to have a material impact on the performance of the holdings or potential holdings in the funds' portfolio. These ESG factors, which are incorporated into the investment process alongside financials, valuation, macro-economics and other factors, are components of the investment decision. Consequently, ESG factors are not the sole driver of an investment decision but are instead one of several important inputs considered during investment analysis. SFDR classification Article 8. Benchmark MSCI All Country World Net Index. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark index and has complete freedom to invest in securities that do not form part of the benchmark. However, at times, market conditions may result in the fund's performance being more closely aligned with that of the benchmark index. Benchmark use Performance comparison. Portfolio reference currency USD Designed for Investors who plan to invest for the medium to long term. Other Information: Income generated by the fund is reinvested and included in the value of its shares. Dealing Orders to buy, switch and redeem shares are ordinarily processed any day that is a full bank business day in Luxembourg except on days when markets, in which a substantial amount of the portfolio is traded, are closed or the day before. Please consult the following link, https://www.troweprice.- com/financial-intermediary/lu/en/funds.html, for the dealing calendar and any applicable exceptions. Orders received and accepted by 13:00 Luxembourg time on a business day will generally be processed that day