William Blair SICAV Fund Proxy Voting Information

Notice to Residents of Singapore

The Funds and the offer of the Shares which are the subjects of this Prospectus do not relate to a collective investment scheme which is authorized under section 286 of the Securities and Futures Act (Cap. 289) (the "SFA") or recognized under section 287 of the SFA. Shares of the Funds are not allowed to be offered to the retail public.

This Prospectus and any other document or material issued in connection with the offer or sale of Shares is not a "prospectus" as defined in the SFA and has not and will not be lodged or registered as a "prospectus" with the Monetary Authority of Singapore ("MAS"). The MAS assumes no responsibility for the contents of this Prospectus or any other document issued in connection with the offer or sale of the Shares. Accordingly, statutory liability under the SFA in relation to the content of prospectuses does not apply. Potential investors should carefully consider whether an investment in the Shares is suitable for them.

No offer of the Shares for subscription or purchase, or invitation to subscribe for or purchase the Shares, may be made, nor any document or other material (including but not limited to this Prospectus) relating to the Shares may be circulated or distributed, either directly or indirectly, to any person in Singapore other than: (i) to an institutional investor (as defined in section 4A of the SFA) pursuant to section 304 of the SFA; (ii) to a relevant person (as defined in section 305(5) of the SFA) pursuant to section 305(1) of the SFA; (iii) on terms that the minimum consideration is the equivalent of Singapore dollars 200,000 in accordance with section 305(2) of the SFA; or (iv) otherwise pursuant to, and in accordance with the conditions of, any other exemption under the SFA.

Pursuant to section 305 of the SFA, read in conjunction with Regulation 32 of and the Sixth Schedule to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005, the Funds have been entered into the list of restricted schemes maintained by the MAS for the purposes of the offer of Shares in the Funds made or intended to be made to relevant persons (as defined in section 305(5) of the SFA), or, the offer of Shares in a Fund made or intended to be made in accordance with the conditions of section 305(2) of the SFA.

Where an offer is made to institutional investors pursuant to section 304 of the SFA, the following restrictions apply to Shares acquired pursuant to such an offer. Where such Shares are first sold to any person other than an institutional investor, the requirements of Subdivisions (2) and (3) of Division 2 to Part XIII of the SFA will apply to the offer resulting in such sale, save where: (i) the Shares acquired are of the same class as, or can be converted into, Shares of the same class as the other Shares in the Funds, an offer of which has previously been made in or accompanied by a Prospectus and which are listed on a securities exchange; or (ii) the Shares acquired are of the same class as other Shares in a Fund in respect of which an offer has previously been made in, or a listing has been accompanied by, an offer information statement or other document approved by a securities exchange, and which Shares are listed for quotation on the exchange.

Where an offer is made to accredited investors pursuant to section 305 of the SFA, the following restrictions apply to Shares acquired pursuant to such an offer. Where such Shares are first sold to any person other than: (i) an institutional investor; (ii) a relevant person; or (iii) on terms in accordance with section 305(2) of the SFA, the requirements of Subdivisions (2) and (3) of Division 2 to Part XIII of the SFA will apply to the offer resulting in such sale, save where: (a) the Shares acquired are of the same class as the other Shares in a Fund, an offer of which has previously been made in or accompanied by a Prospectus and which are listed on a securities exchange; or (b) the shares acquired are of the same class as other Shares in a Fund in respect of which an offer has previously been made in, or a listing has been accompanied by, an offer information statement or other document approved by a securities exchange, and which Shares are listed for quotation on the exchange.

Further, where the Shares are acquired pursuant to an offer made in reliance on section 305 of the SFA by: (i) a corporation (which is not an accredited investor, whose sole business is to hold investments and the entire share capital of which is owned by individuals each of whom is an accredited investor); or (ii) a trust (of which the trustee is not an accredited investor and whose sole purpose is to hold investments for the benefit of beneficiaries each of whom is an accredited investor), no securities of such a corporation and no rights and interests of the beneficiaries in such a trust (as the case may be) shall be transferred for a period of six (6) months from the time the corporation or trust (as the case may be) acquired the Shares, unless such transfers are in accordance with the conditions specifically provided in sections 305A(2) and 305A(3) of the SFA (as the case may be).

This Prospectus as well as any other document or material in connection with the offer or sale of the Shares is intended only for the person to whom the Prospectus or other material has been given, and the Shares are not being offered or sold, nor the subject of an invitation for subscription or purchase, to any person in Singapore except the addressee. Accordingly, without prior written consent, this Prospectus and any other document or material in connection with any offer or sale of the Shares must not be issued, circulated or distributed in Singapore except to the addressee.

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Please also note that the funds referenced herein have not been registered under the United States Investment Company Act of 1940, as amended, nor the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any US Person unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. A U.S. Person is defined as (a) any individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organized under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income tax regardless of whether such income is effectively connected with a United States trade or business. In the United States, this material may be distributed only to a person who is a "distributor," or who is not a "U.S. person," as defined by Regulation S under the U.S. Securities Act of 1933 (as amended).

NOTICE TO RESIDENTS OF CHILE

The offer of Shares of the Funds deals with securities that are not registered in the Securities Registry (Registro de Valores) or in the Foreign Securities Registry (Registro de Valores Extranjeros) kept by the Superintendencia de Valores y Seguros of Chile ("SVS"), which are, therefore, not subject to the supervision of the SVS. Given that the securities are not registered, there is no obligation for the issuer to disclose in Chile public information about said securities. The securities may not be publicly offered as long as they are not registered in the corresponding Securities Registry kept by the SVS.

NOTICE TO RESIDENTS OF COLOMBIA

This Prospectus does not have the purpose or the effect of initiating, directly or indirectly, the purchase of a product or the rendering of a service by the Funds to Colombian residents. The Funds and any related products and/or services may not be promoted or marketed in Colombia or to Colombian residents unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign financial and/or securities related products or services in Colombia. Neither the Funds nor any related person or entity has received authorization or licensing from the Financial Superintendency of Colombia or any other governmental authority in Colombia to market or sell Shares of the Funds within Colombia.

NOTICE TO RESIDENTS OF HONG KONG

You are advised to exercise caution in relation to the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.

This document has not been delivered for registration to the Registrar of Companies in Hong Kong and its contents have not been reviewed by any regulatory authority in Hong Kong. Accordingly, the Shares may not be offered or sold in Hong Kong by means of this document or any other document, and this document must not be issued, circulated or distributed in Hong Kong other than (i) to "professional investors" as defined in the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO") and the Securities and Futures (Professional Investor) Rules made thereunder; or (ii) in other circumstances which do not result in this document being a "prospectus" as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) (the "CO") or which do not constitute an offer to the public within the meaning of the CO.

None of this document or any advertisement, invitation or other document relating to the Shares may be issued, circulated or distributed, or be in the possession of any person for the purposes of issue, circulation or distribution, whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to the Shares which are or are intended to be disposed of only to persons outside Hong Kong or only to "professional investors" as defined in the SFO and the Securities and Futures (Professional Investor) Rules made thereunder.

NOTICE TO RESIDENTS OF ISRAEL

Shares of the Funds are only offered in the State of Israel based upon an exemption under the Israeli Securities Law, 1968 and the Joint Investment Trusts Law, 1994. The offering of Shares of the Funds does not therefore constitute an offer made to the public in Israel within the meaning given to it in such legislation (i.e., the Shares of the Funds are being offered only to investors listed in the First Schedule of the Securities Law and to no more than thirty-five (35) retail investors).

Shares of the Funds have not been registered, and no "prospectus" has been issued under the Israel Securities Law, 1968 and the Shares of the Funds are not regulated under the provisions of the Joint Investment Trusts Law, 1994. Neither the Shares of the Funds nor this Prospectus have been approved by any Israeli authority. No action has been or will be taken in the State of Israel that would permit a public offering of the Shares of the Funds or distribution of the Prospectus to the public in Israel. It is the responsibility of any person wishing to purchase Shares of the Funds to satisfy himself as to the full observance of the laws of the State of Israel in connection with any such purchase, including obtaining any governmental or other consent, if required.

NOTICE TO RESIDENTS OF PERU

The Shares of the Funds have not been and will not be approved by the Peruvian Superintendencia del Mercado de Valores (the "SMV") or any other regulatory agency in Peru, nor have they been registered under the Securities Market Law (Ley del Mercado de Valores), or any SMV regulations. The Shares may not be offered or sold within Peru except in private placement transactions.

FOR RESIDENTS OF URUGUAY:

The funds herein must not be offered or sold to the public in Uruguay, except in circumstances which do not constitute a public offering or distribution under Uruguayan laws and regulations. The shares/units are not and will not be registered with the Financial Services Superintendency of the Central Bank of Uruguay. The shares/units correspond to investment funds that are not investment funds regulated by Uruguayan law 16,774 dated September 27, 1996, as amended.

FOR RESIDENTS OF MALAYSIA:

As the recognition by the Malaysian Securities Commission pursuant to Section 212 of the Malaysian Capital Markets and Services Act 2007 has not been / will not be obtained, the funds herein are not being and will not be deemed to be issued, made available, offered for subscription or purchase in Malaysia, and neither the prospectus nor any document or other material in connection therewith should be distributed, caused to be distributed or circulated in Malaysia, save and except to individuals or other legal entities who fall under paragraphs 3a, 4, 5, 6, 10, 13 and 24 of schedule 6 to the Capital Markets and Services Act 2007.