Introduction

Lansdowne Partners Austria GmbH (the “Firm”) is the delegated portfolio manager for Multiflex SICAV – Lansdowne Endowment Fund (the “Fund”). Carne Global Fund Managers (Luxembourg) S.A. is the Management Company (the “ManCo”) for the Fund.

The Shareholder Rights Directive II (SRD II) is a European Union directive, which sets out to strengthen the position of shareholders and to ensure that decisions are made for the long-term stability of a company. The Firm is subject to SRD II and established this policy statement which is specific to the Fund.

Implementation

The policy details how the Firm approaches shareholder engagement and how it is implemented.

1. The Fund is a UCITS fund of funds strategy whereby the Fund primarily invests in other third-party managed funds. In this context, the shareholder engagement duty for the underlying investments principally falls on the shoulders of the third-party investment managers whose funds the Fund has chosen to invest in.

2. To the extent that the Fund invests in single-equities, Institutional Shareholder Services (“ISS”) proxy voting recommendations will be followed for all positions up to 1% of the shares outstanding.

3. Related to #2 above, for single-equity portfolio positions greater than 1%, the Fund’s portfolio management will review the ISS recommendations and actively decide whether or not to follow those recommendations.

Disclosure

If applicable, the Firm will publish on a yearly basis a Shareholder Engagement Report, outlining its voting history and the use of proxy voting and engagement service providers.