Category: Open Ended Investment Company

Investment Objective The objective of the Fund is to track the performance of the stock market in the UK. Investment Policy The Fund seeks to track the performance of the FTSE All-Share Index (the "Index") as closely as possible. The FTSE All-Share Index is provided by FTSE International Limited ("FTSE"). FTSE does not sponsor, provides no warranties and accepts no liability in connection with the SPDR S&P FTSE UK All Share ETF. The Fund invests primarily in securities included in the Index. These securities include UK stocks listed on the London Stock Exchange's main market. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use an optimisation strategy to build a representative portfolio which should reflect the performance of the Index. Consequently, the Fund will typically hold only a subset of the securities included in the Index. In limited circumstances the Fund may purcha se securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund does not currently engage in securities lending. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/ or the day preceding any such day provided that a list of such closed market days will be published f or the Fund on www.spdrs.com); and any other day at the Director s' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. The Fund's shares are issued in Pound Sterling. Please refer to the prospectus for more information.