SSGA SPDR ETFS EUROPE I PLC - SPDR S&P 400 U.S. MID CAP LEADERS UCITS ETF U

Objectives and Investment Policy Investment Objective The objective of the Fund is to track the U.S. equity market performance of mid cap equity securities. Investment Policy The investment policy of the Fund is to track the performance of the Index (or any other index determined by the Directors from time to time to track substantially the same market as the Index) as closely as possible, while seeking to minimise as far as possible the tracking difference between the Fund's performance and that of the Index. The Index measures the equity performance of the 400 mid cap companies in the U.S. equity market by market capitalisation, known as the S&P MidCap 400 Index (the "Standard Index"), while excluding companies based on certain ESG characteritics as outlined below. The Index excludes companies from the Standard Index based on their involvement in certain controversial business activities (including controversial weapons, small arms, military contracting, coal, thermal coal, oil sands, shale oil and gas, Arctic drilling, nuclear, tobacco, alcohol) as determined by the index provider as outlined in the Index methodology (the "Exclusions"). Thereafter the Index selects the top 50% of the float-adjusted market capitalization of each Global Industry Classification Standard (GICS) Industry Group within the Standard Index (minus the Exclusions), based on each company's S&P Global ESG Score. The S&P Global ESG score measures a company's performance on and management of material ESG risks, opportunities, and impacts informed by a combination of company disclosures, media and stakeholder analysis, modeling approaches, and in-depth company engagement. For more information on S&P Global ESG scores, please refer to the S&P Global ESG Scores Methodology: https://portal.s1.spglobal.com/survey/documents/ spglobal_esg_scores_methodology.pdf. The environmental and social characteristics promoted by the Fund include i) reduction of non-renewable natural resource utilisation, ii) promoting better health and wellbeing, iii) support for human rights, labour, environment and anti-corruption. The definition of "involved" in relation to each activity may be based on generating or deriving a revenue from the activity that exceeds a percentage of revenue or a defined total revenue threshold, or any exposure to the activity regardless of the amount of revenue received in accordance with the Index methodology. Please refer to the SFDR Annex to this Supplement for further details. The adoption of these screens within the Index correspond to the environmental and social factors which the Fund promotes by seeking to track the Index, with the application of these measures being further described in the "ESG Screening" and "ESG Best in Class Investing" subsection of the "ESG Investing" section of the Prospectus. Companies deemed by the Index provider to be compliant with the United Nations Global Compact are considered to exhibit good governance. The main methodological limits are described in the "Screening Risk" subsection of the "Investment Risks" section of this Supplement. The Index measures the equity performance of the the Standard Index, while excluding companies based on certain ESG characteristics as outlined above and in the Annex. At least 90% of the Fund's assets are invested in securities that are constituents of the Index. After the Exclusions are applied to the Standard Index, the Index universe is reduced by at least 20%. The portfolio of the Fund is predominantly composed of securities that comply with the ESG standards outlined above and in the index methodology (which ensures that the portfolio is exempt of securities having activities that would significantly harm this objective). Index constituents may on occasion be rebalanced more often than the Index Rebalance Frequency, if required by the Index methodology, including for example where corporate actions such as mergers or acquisitions affect components of the Index. Although the Index is generally well diversified, because of the market it reflects it may, depending on market conditions, contain constituents issued by the same body that may represent more than 10% of the Index. In order for the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under Regulation 71 of the UCITS Regulations. These limits permit the Fund to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's Net Asset Value. The Investment Manager and/or Sub-Investment Manager, on behalf of the Fund, will invest using the replication strategy as further described in the "Investment Objectives and Policies– Index Tracking Funds" section of the Prospectus, primarily in the securities of the Index, at all times in accordance with the Investment Restrictions set forth in the Prospectus. The Investment Manager and/or Sub-Investment Manager also may, in exceptional circumstances, invest in securities not included in the Index but that it believes closely reflect the risk and distribution characteristics of securities of the Index. In such case, the application of an ESG rating of these selected securities cannot be guaranteed. The equity securities in which the Fund invests will be primarily listed or traded on Recognised Markets in accordance with the limits set out in the UCITS Regulations. Details of the Fund's portfolio and the indicative net asset value per Share for the Fund are available on the Website daily. 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. 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 for the Fund on www.ssga.com); and any other day at the Directors' 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 does not currently engage in securities lending. The Shares of the USD Class are issued in U.S. Dollar. Please refer to the Prospectus for more information. Index Source: THE SPDR S&P 400 U.S. MID CAP LEADERS UCITS ETF IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BYS&P DOW JONES INDICES LLC, ITS AFFILIATES, AND/OR THIRD PARTY LICENSORS (COLLECTIVELY, "S&P"). S&P MAKES NO REPRESENTATION, CONDITION OR WARRANTY, EXPRESS OR IMPLIED, TOTHEOWNERSOFTHESPDRS&P400U.S.MIDCAPLEADERSUCITS ETF OR ANY MEMBEROF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN SECURITIES GENERALLY OR IN THE SPDR S&P 400 U.S. MID CAP LEADERS UCITS ETF PARTICULARLY OR THE ABILITY OF THE S&P MIDCAP 400 SCORED & SCREENED LEADERS INDEX TO TRACK MARKET PERFORMANCE AND/OR TO ACHIEVE ITS STATED OBJECTIVE AND/OR TO FORM THE BASIS OFA SUCCESSFUL INVESTMENT STRATEGY, AS APPLICABLE.