Sustainable Finance Disclosure Regulation (SFDR)

TCI Fund Management (Ireland) Limited (the "Manager") is an alternative investment fund manager regulated by the Central Bank of Ireland. TCI Rep International ICAV and its sub-funds (the "Funds") are under the management of the Manager and are currently closed to investors. TCI Fund Management Limited (the "Investment Manager") has been appointed as delegate investment manager in respect of the Funds.

A sustainability risk is an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment. Given the nature of the investments held by the Funds, the Manager does not currently integrate sustainability risks into its investment decisionā€making process for the purposes of Article 3(1) of the Sustainable Finance Disclosures Regulation ("SFDR").

No consideration of sustainability adverse impacts

In addition, due to the size, nature and scale of the Funds, the Manager does not currently consider the adverse impacts of its investment decisions on sustainability factors (environmental, social and/or governance matters), within the meaning of Article 4(1)(a) of the SFDR. The Manager does not currently do so because it could not gather and/or measure all of the data on which it would be obliged by the SFDR to report, or could not do so systematically, consistently, and at a reasonable cost to investors. The Manager's position on this matter will be reviewed at least annually by reference to market developments.