T Rowe Price Singapore Private Ltd

5 – Fees and Compensation: Non-Advisory Fees and Expenses, Price Singapore generally
excludes the value of TRP Investment Fund shares held in a client account when the advisory
fee is computed. However, certain fixed income TRP Mutual Funds and common trust funds,
which do not charge an advisory fee at the fund level, are included in the portfolio’s market
value for billing purposes.

Price Singapore generally has the ability to vary the exposure to one or more of the TRP
Investment Funds in clients’ separate accounts pursuant to clients’ stated investment
guidelines. However, clients specifically approve each TRP Investment Fund to be utilized up to
a stated maximum percentage of the account’s market value. The TRP Investment Fund
prospectus, a copy of which is provided to each client prior to investing in the TRP Investment
Fund, outlines all fees and expenses paid by shareholders of a TRP Investment Fund.

Broker-Dealer. Investment Services, a Maryland corporation, is a wholly owned subsidiary of
Price Associates, originally organized in 1980 for the purpose of acting as principal underwriter
and distributor for the TRP Investment Funds. Investment Services also provides introducing
brokerage services to complement the other services provided to shareholders of the TRP
Investment Funds. Price Associates sponsors and certain Price Advisers serve as investment
adviser or investment subadviser for the TRP Investment Funds. Investment Services may also
serve as private placement agent for certain private funds for which the Price Advisers serve as
investment manager

Investment Services is registered as a broker-dealer under the Securities Exchange Act of 1934
and is a member of the Financial Industry Regulatory Authority (FINRA). Investment Services
does not effect securities transactions for clients of Price Singapore.

Trust Company. The Trust Company, a wholly owned subsidiary of Price Associates, is a
Maryland-chartered limited-purpose trust company. Under its charter, it is not permitted to
accept deposits or make commercial loans. The Trust Company sponsors common trust funds
for investment in securities of global issuers. Price Singapore and its affiliated advisers may
now or in the future serve as investment adviser or investment subadviser to the Trust Company
with respect to certain common trust funds and typically would receive a fee from the Trust
Company for its services. Participation in the common trust funds is limited to U.S. qualified
retirement plans, certain U.S. governmental retirement plans, and certain U.S. church plans.

Affiliates. Because our clients and our personnel are located around the world, we conduct
business through a number of affiliated entities licensed to offer services in various jurisdictions
and to perform particular business functions. Though legally distinct, our affiliates function as a

PART 2A OF FORM ADV: FIRM BROCHURE                    T. ROWE PRICE SINGAPORE PRIVATE LTD.
MARCH 31, 2026                                                    (Price Singapore)

unified, global business. Our affiliates often engage one another to assist in managing client
mandates. For example, affiliated personnel often provide research, portfolio management or
trading services to a client account. From time to time, investment management, client liaison,
account administration and investment monitoring services are delegated to an affiliated entity.
When we delegate portfolio management responsibilities to an affiliate, we will notify you and
take steps to ensure that the delegation complies with all applicable laws.

Other. TRPH Corporation (TRPH), an affiliate of Price Singapore, also owns 1.8% of Luminex
Trading & Analytics (Luminex), a registered broker-dealer. The Luminex trading platform is
designed as an alternative trading system with specific minimum trading thresholds to allow
institutional investors to trade large blocks of shares. We may transact with Luminex subject to
identical criteria as we would with any other broker-dealer, including best execution obligations.

From time to time, certain Price Advisers may enter into strategic collaborations with unaffiliated
third parties, including but not limited to, investment advisers, broker-dealers, technology
providers, or other financial intermediaries (Third-Party Firms). In doing so, the Price Advisers
seek to deliver a range of diversified solutions designed for their clients’ needs by combining
their expertise and offerings with that of Third-Party Firms. These solutions will include public
and private equity, fixed income, alternatives and multi-asset strategies. In connection with
these relationships, the Price Advisers may offer or make available products that incorporate the
offerings or services of such Third-Party Firms and, likewise, Third-Party Firms may incorporate
products or investment strategies of the Price Advisers, including Price Funds, SMAs, advice
solutions, and other affiliated products. Such products may or may not be co-branded with
Third-Party Firms and may provide for sharing of revenues, expenses, and marketing efforts.

These strategic collaborations may give rise to certain risks and potential conflicts of interest,
including, for example, that the Price Advisers may not consider the universe of similar products
or strategies offered by third parties other than those of Third-Party Firms. Risks and conflicts of
interest relevant to any product offered in connection with a strategic collaboration will be
discussed in applicable disclosure documents. The Price Advisers seek to identify and manage
these risks and conflicts in accordance with applicable laws, disclosures and internal policies.
Strategic collaborations, and the co-branding of products, should not be construed as an
endorsement, approval, or support of any Third-Party Firm by the Price Advisers. The Price
Advisers are not responsible for the services of, or information provided by, any Third-Party Firm.

Item 7 – Types of Clients

Price Singapore’s global client base includes banks and/or thrift institutions, corporations or
other business entities, governmental entities, insurance companies, investment companies,
other investment advisers, pension and profit-sharing plans, charitable organizations and non-
U.S. collective investment funds, among others.

Different strategies have different minimum account sizes. Please see Item 5 – Fees and
Compensation for minimum account sizes, which may be waived at our discretion.