Notice of AGM

This document is important and requires your immediate attention. If you are in doubt as to the action you should take you should seek advice from your stockbroker, bank manager, solicitor, tax adviser, accountant or other independent financial adviser. If you have sold or transferred all of your Shares in PIMCO ETFs plc, please pass this document at once to the stockbroker, bank or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee as soon as possible. The Directors of PIMCO ETFs plc are the persons responsible for the information contained in this document. Please note that this document is not reviewed by the Central Bank of Ireland.

CIRCULAR TO SHAREHOLDERS OF

PIMCO Euro Short Maturity UCITS ETFPIMCO US Dollar Short Maturity UCITS ETFPIMCO Sterling Short Maturity UCITS ETFPIMCO Advantage Emerging Markets Local Bond UCITS ETFPIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Covered Bond UCITS ETFPIMCO Advantage Euro Low Duration Corporate Bond UCITS ETFPIMCO Advantage US Low Duration Corporate Bond UCITS ETFPIMCO Advantage Euro Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Global Government Bond UCITS ETFPIMCO Advantage Euro Government Bond UCITS ETF

each sub-funds of

PIMCO ETFs plc

(An open-ended umbrella type investment company with variable capital and with segregated liability betweenFunds incorporated with limited liability in Ireland under the Companies Act 2014 with registered number489440 and established as an undertaking for collective investment in transferable securities pursuant to theEuropean Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011,as amended).

NOTICE CONVENING AN ANNUAL GENERAL MEETING TO BE HELD ON 16 SEPTEMBER, 2026 IS SET OUT IN APPENDIX I. YOU ARE REQUESTED TO COMPLETE AND RETURN THE RELEVANT FORM OF PROXY SET OUT IN APPENDIX II BY 1 P.M. ON 14 SEPTEMBER, 2026 AT THE LATEST IN ACCORDANCE WITH THE INSTRUCTIONS PRINTED THEREON.

FORMS OF PROXY ARE SET OUT IN APPENDIX II AND SHOULD BE RETURNED NO LATER THAN 48 HOURS BEFORE THE TIME FIXED FOR THE HOLDING OF THE ANNUAL GENERAL

MEETING TO:

Anthony Finegan

Walkers Corporate Services (Ireland) Limited

The Exchange, George's Dock, IFSC, Dublin 1, D01 W3P9, Ireland

or

Email: [email protected]

1

PIMCO ETFs plc - (the "Company")

PIMCO Euro Short Maturity UCITS ETFPIMCO US Dollar Short Maturity UCITS ETFPIMCO Sterling Short Maturity UCITS ETFPIMCO Advantage Emerging Markets Local Bond UCITS ETFPIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Covered Bond UCITS ETFPIMCO Advantage Euro Low Duration Corporate Bond UCITS ETFPIMCO Advantage US Low Duration Corporate Bond UCITS ETFPIMCO Advantage Euro Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Global Government Bond UCITS ETFPIMCO Advantage Euro Government Bond UCITS ETF(the "Funds")

4 August, 2026

Dear Registered Shareholder,

1. Introduction

As you are aware, the Company is an investment company with variable capital and with segregated liability between Funds, incorporated with limited liability under the laws of Ireland, authorised on 9 December, 2010 by the Central Bank of Ireland (the "Central Bank") pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended (the "Regulations"). The Company is an umbrella company, which comprises a number of sub-funds.

Unless the context otherwise requires and except as varied or otherwise specified in this circular, words and expressions (including defined terms) used in the circular shall bear the same meaning as in the current Prospectus of the Company.

The Directors will convene an annual general meeting of the Company on 16 September, 2026, at which the General Business outlined below will be presented to Citivic Nominees Limited as the sole registered Shareholder of the Company (the "Registered Shareholder").

As the Company uses the International Central Securities Depository ("ICSD") model of settlement and Citivic Nominees Limited is the sole Registered Shareholder of the Company under the ICSD settlement model, physical attendance of investors who are not the Registered Shareholder does not take place at annual general meetings of the Company. Investors should send voting instructions through the relevant ICSD or the relevant participant in an ICSD (such as a local central securities depository). If any investor has invested in Funds of the Company through a broker/dealer/other intermediary, the investor should contact this entity or its relevant proxy voting agent to provide voting instructions. The Registered Shareholder will collate the voting instructions of each investor and will vote in favour of or against the proposed amendments based on the voting instructions received.

General Business

(a) To receive and consider the Directors' report, the Auditor's report and financial statements for the fiscal year ended 31 March, 2026 and to review the Company's affairs

The Registered Shareholder will be asked to receive and consider the Directors' report, the Auditor's report and financial statements for the fiscal year ended 31 March, 2026 (which are available at www.pimco.com) and to review the Company's affairs.

(b) To re-appoint Grant Thornton as Auditors to the Company

The Registered Shareholder will be asked to approve the reappointment of Grant Thornton as Auditors to the Company.

2

(c) To authorise the Directors to fix the remuneration of the Auditors

The Registered Shareholder will be asked to authorise the Directors to fix the annual remuneration of the Auditors.

Special Business

Amendments to the Memorandum & Articles of Association of the Company

Subject to Shareholder approval and the requirements of the Central Bank, it is proposed to make the following amendments to the Articles of Association to include all re-numbering and updating of cross-references and dates, as appropriate.

The text of the proposed changes to the Articles of Association are outlined in Appendix III.

1. Liquidity Management Tools

It is proposed to amend the Articles of Association to comply with the disclosure requirements pertaining to the use of liquidity management tools ("LMTs") introduced by Directive (EU) 2024/927 (the "Omnibus Directive") and the related regulatory technical standards adopted by the European Commission (the "RTS", together with the Omnibus Directive, the "LMT Requirements").

The existing provisions in the Articles of Association are being updated in accordance with the LMT requirements for the following LMTs:

· Side Pockets - while the Articles of Association currently provide for the power to introduce side pockets, the mechanics on how it would operate in practice are to be aligned with the LMT Requirements. Side pockets can only be used in exceptional circumstances and shareholders shall be notified in the event of activation;

· Redemption Gates - the current power to implement a redemption gate shall be updated to align with the LMT Requirements. Currently, the redemption gate thresholds are expressed as a proportion of the Net Asset Value of a Fund; and

· Redemption Fees - while redemption fees are not currently imposed by the Company, it is proposed to align the disclosure requirements with those of the Central Bank and the LMT Requirements. The Company shall not implement redemption fees in practice until Shareholders have been notified in advance. The Company does not currently intend to implement redemption fees.

2. Update to list of Issuers for Specific Investment

It is proposed to amend the Articles of Association to add a new issuer to the Specific Investment list, in accordance with the revised list provided by the Central Bank. The specific issuer to be added is:

· Government of Saudi Arabia. 2. Shareholders' Approval

For the sanctioning of the ordinary resolutions in relation to the re-appointment of Grant Thornton as Auditors to the Company and the authorisation of the Directors to fix the remuneration of the Auditors, the Registered Shareholder must pass the ordinary resolutions (consisting of a simple majority of the total number of votes cast).

The sanctioning of the proposed amendments to the Company's Memorandum & Articles of Association, requires a special resolution to be passed in favour of that proposal by a majority of Shareholders of the Company, consisting of seventy-five per cent (75%) or more of the total number of votes cast present in person or by proxy, who cast votes at the annual general meeting of the Shareholders of the Company.

The quorum for the annual general meeting of the Company is one Registered Shareholder present (in person or by proxy). If within half an hour from the time appointed for the annual general meeting, a quorum is not present, it shall be adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place as the Directors may determine.

3

If you are a registered holder of Shares, you will receive a proxy form with this circular. Please read the notes printed on the form, which will assist you in completing the proxy form, and return the proxy form to us. To be valid, your appointment of proxy must be received no later than 48 hours before the time appointed for the annual general meeting and therefore by 1 p.m. on 14 September, 2026 (Irish time) at the latest.

3. Fees and Expenses

The legal and administrative costs of drafting and implementing the proposed change to the Company's Articles of Association will be borne by the Company's Manager, PIMCO Global Advisors (Ireland) Limited.

4. Director's Recommendation

We believe that the proposed resolutions are in the best interests of investors as a whole and therefore recommend that you vote in favour of the proposals. These proposals do not change the value of your investments.

We propose that the suggested change to the Articles of Association of the Company as outlined above be approved at the annual general meeting of the Company by way of special business after the general business has been considered. Should you be in any doubt as to the actions you should take, we recommend that you consult with your own tax and legal advisers.

Investors may continue to redeem their investments in the Company free of charge on any Dealing Day in accordance with the provisions of the Prospectus.

5. Notice and Proxy Forms

Details of the specific resolutions which the Registered Shareholder will be asked to approve are detailed in the notice and proxy forms attached to this circular.

This circular is accompanied by the following documents:

1. Notice of the annual general meeting of the Company to be held at 1 p.m. on 16 September, 2026 at the offices of Walkers Corporate Services (Ireland) Limited, The Exchange, George's Dock, IFSC, Dublin 1, D01 W3P9, Ireland (Appendix I);

2. A proxy form which allows you to cast your vote by proxy (Appendix II);

3. Extracts of the proposed amendments to the Articles of Association of the Company (Appendix III); and

4. Audited accounts for the Company prepared for the fiscal year ended 31 March, 2026 which include a statement of the assets and liabilities of each of the Funds.

In order to exercise your vote, please complete the attached proxy form and return it to:

Anthony Finegan,

Walkers Corporate Services (Ireland) Limited

The Exchange,

George's Dock,

IFSC,

Dublin 1,

D01 W3P9,

Ireland.

To be valid, the proxy forms must be received at the above address or email [email protected] no later than 48 hours before the time fixed for the holding of the annual general meeting.

For any questions regarding this matter, investors may consult their financial adviser, the Company's appointed representative in that country or the Administrator. The Administrator may be contacted via e-mail at [email protected], or by telephone as follows:

4

EMEA: +353 1 776 9990 Hong Kong: +852 35561498 Singapore: +65 68267589 Taiwan: 00801136992 Americas: +1 416 5068337

Yours faithfully,

------ 2$, ,_&_

Director,

For and on behalf of

PIMCO ETFs plc

APPENDIX I

Notice of Annual General Meeting

PIMCO ETFs PLC(the "Company")

PIMCO Euro Short Maturity UCITS ETFPIMCO US Dollar Short Maturity UCITS ETFPIMCO Sterling Short Maturity UCITS ETFPIMCO Advantage Emerging Markets Local Bond UCITS ETFPIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Covered Bond UCITS ETFPIMCO Advantage Euro Low Duration Corporate Bond UCITS ETFPIMCO Advantage US Low Duration Corporate Bond UCITS ETFPIMCO Advantage Euro Short-Term High Yield Corporate Bond UCITS ETFPIMCO Advantage Global Government Bond UCITS ETFPIMCO Advantage Euro Government Bond UCITS ETF(the "Funds")

NOTICE IS HEREBY GIVEN that the annual general meeting of the Registered Shareholder of the Company will be held at Walkers Corporate Services (Ireland) Limited, The Exchange, George's Dock, IFSC, Dublin 1, D01 W3P9, Ireland on 16 September, 2026 at 1 p.m. for the following purposes:

General Business

1. To receive and consider the Directors' report, the Auditor's report and financial statements for the fiscal year ended 31 March, 2026 and to review the Company's affairs.

2. To re-appoint Grant Thornton as Auditors to the Company.

3. To authorise the Directors to fix the remuneration of the Auditors.Special Business

4. To approve the amendments to the Memorandum and Articles of Association to enhance LMT disclosures in accordance with the LMT Requirements.

5. To approve the amendments to the Memorandum and Articles of Association to provide for the addition of issuers for Specific Investment.

6. Any other business.

For and on behalf of

Walkers Corporate Services (Ireland) Limited

Secretary

Dated this 4th day of August, 2026

6

APPENDIX II

Note: An investor entitled to vote at the above meeting is entitled to appoint a proxy or proxies to vote in his/her stead. A proxy need not be an investor in the Company.

PROXY FORM

PIMCO ETFs PLC(the "Company")

I/We*

of

being an investor/investors* of the above named Company hereby appoint the chairman or, failing him/her, Anthony Finegan, Gabrielle Llamas, and Divine Ighodaro for Walkers Corporate Services (Ireland) Limited or, failing him/her, any other representative of Walkers Corporate Services (Ireland) Limited, or failing him/her,

of

as my/our* proxy to vote on my/our* behalf in the manner indicated below at the annual general meeting of the Company to be held at the registered office of the Company, c/o Walkers Corporate Services (Ireland) Limited, The Exchange, George's Dock, IFSC, Dublin 1, D01 W3P9, Ireland on 16 September, 2026 at 1 p.m. and at any adjournment thereof.

Signed __________________________

Dated this day of_________ , 2026

(*delete as appropriate)

FOR CONSIDERATION AND REVIEW

To receive and consider the Directors' report, the Auditor's report and financial statements for the fiscal year ended 31 March, 2026 and to review the Company's affairs.

ORDINARY RESOLUTIONS

SPECIAL RESOLUTION

(requiring the consent of 75% of voting Shareholders)

For/Yes Against/No

7

Notes to Form of Proxy

1. One Registered Shareholder present in person or by proxy entitled to vote shall be a quorum for all purposes. If within half an hour from the time appointed for the annual general meeting, a quorum is not present, it shall be adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place as the Directors may determine. The Registered Shareholder entitled to attend and vote at any such adjourned meeting is entitled to appoint a proxy to attend, speak and vote in his place and that a proxy need not be an investor in the Company. This notice shall be deemed to constitute due notice of any such adjourned meeting within the meaning of the Articles.

2.  An investor may appoint a proxy of his own choice. If the appointment is made, insert the name of the person appointed as proxy in the space provided. A person appointed to act as a proxy need not be an investor.

3.  If the appointer is a corporation, this form must be under the common seal or under the hand of an officer or attorney duly authorised on his behalf. Please note that only authorised signatories as per the authorised signatory list on file at the offices of the Administrator may sign this form.

4.  If this form is returned without any indication as to how the person appointed proxy shall vote he will exercise his discretion as to how he votes or whether he abstains from voting.

5.  To be valid, this form must be completed and deposited by mail or by email for the attention of Anthony Finegan, Walkers Corporate Services (Ireland) Limited, The Exchange, George's Dock, IFSC, Dublin 1, D01 W3P9, Ireland or sent to the email address of [email protected], not less than 48 hours before the time fixed for holding the annual general meeting or adjourned meeting.

6.  To any investor in receipt of this circular who is not on the Shareholder register for the relevant Fund of the Company please return the completed proxy forms to the financial intermediary who purchased Shares in the relevant Fund of the Company on your behalf.

7.  If you have any questions regarding the information provided in this circular please contact PIMCO Shareholder Services at the following numbers: EMEA: +353 1 776 9990, Hong Kong: +852 35561498, Singapore: +65 68267589, Taiwan: 00801136992, Americas: +1 416 5068337. Alternatively, you may contact us by email at: [email protected].

8

Class or a separate Side Pocket Fund, as described in Article 4.06.

4.06 The Directors may, subject to these Articles, the Prospectus, the Regulations and the Act and in accordance with the requirements of the Central Bank, create and issue at their discretion from time to time (including at times of suspension of (i) the determination of the Net Asset Value; and (ii) the allotment, redemption and conversion of participating Shares) a new Class or Classes of participating Shares ("Side Pocket  Class") and/or a new Fund ("Side Pocket Fund") to which assets and  liabilities of a Fund (or any part thereof) are allocated at the discretion of the Directors at any time, either on or after the acquisition thereof, as being or having become Investments that are illiquid or otherwise difficult to value or realise plus such additional assets representing a reserve for commitments and contingencies as the Directors in their discretion determine. Participating Shares in such Side Pocket Class or Side Pocket Fund shall be redeemable by the Company and/or by the holders thereof only when so determined by the Directors. The creation of a Side Pocket Class or Side Pocket Fund will involve the Directors effecting a pro rata reduction in the number of participating Shares held by a Shareholder attributable to the relevant Fund excluding the assets and liabilities attributable to the Side Pockets under which:

(i) a dedicated Class of Participating Shares in a Fund ("Side Pocket Class") is created specifically to implement the accounting segregation of the assets whose economic or legal features have changed significantly or have become uncertain due to exceptional circumstances from the other assets of that Fund ("accounting segregation"); and/or

10

(ii) a separate Fund or UCITS ("Side Pocket Fund") is created

specifically to separate the assets whose economic or legal features have changed significantly or have become uncertain due to exceptional circumstances from the other assets of the relevant Fund ("physical separation").

For the purpose of a Side Pocket referred to in paragraph (i) above, new subscriptions and redemptions in share classes other than the Side Pocket Class shall be executed on the basis of the Net Asset Value of the relevant Fund, which shall be calculated after excluding the assets that are subject to the accounting segregation. Each such Side Pocket Class shall be closed to subscriptions and redemptions.

Where the Directors activate a Side Pocket as referred to in paragraph (ii) above, the assets whose economic or legal features have changed significantly or have become uncertain due to exceptional circumstances shall remain in the original Fund which shall constitute a Side Pocket Fund, while the other assets shall be transferred to a new Fund or UCITS, or shall be transferred through a merger into an existing UCITS in accordance with Central Bank requirements. The original Fund shall be closed to subscriptions and redemptions and shall be put into liquidation as soon as practicable taking the best interests of the applicable Members into account. The new Fund or UCITS shall be authorised and managed in accordance with the investment strategy of the original Fund.

4.06 Side Pocket Class or Side Pocket Fund and creating for the benefit of such Shareholder a corresponding pro rata interest in the Side Pocket Class or Side Pocket Fund. The value of assets and liabilities attributed toUpon the creation of a Side Pocket Class or Side Pocket Fund shall be determined by the Directors in a manner consistent with Article 16 hereof. , each Member shall be allocated shares in the relevant Side Pocket in proportion to their respective participation in the original Fund. Upon the constitution of a Side Pocket Fund as a result of other assets being transferred to a new Fund or UCITS, each Member shall be allocated shares in the new Fund in proportion to their respective participation in the original Fund.

For the avoidance of doubt, the Directors may establish side 11

pocketsSide Pockets based on parameters other than those set out in these presents provided that such parameters are detailed in the Prospectus and are in accordance with requirements of the Central Bank.

Any such Side Pockets shall be managed in accordance with the criteria determined by the Directors from time to time and any applicable Central Bank requirements.

The value of assets and liabilities attributable to a Side Pocket shall be determined by the Directors in accordance with Clause 15 hereof.

5.06 Article 5.05 shall apply to the assets and liabilities attributable to any

Class mutatis mutandis as if repeated in full in this Article provided that where hedging strategies are used in relation to a Side Pocket Class or Side Pocket Fund the financial instruments used to implement such strategies shall be deemed to be attributable solely to the Side Pocket Class Shares or Side Pocket Fund and the gains/losses on and the costs of the relevant financial instruments will accrue solely to the relevant Side Pocket Class or Side Pocket Fund.

8.09 Notwithstanding the provisions of Article 8.01 to Article 8.08 hereof,

the Directors may at any time in their discretion issue participating Shares in a Side Pocket Class or a Side Pocket Fund in accordance with Article 4.06.

11.06 Where determined by the Directors and disclosed in the Prospectus, a

Redemption Fee may be deducted from the redemption proceeds payable to a Member and paid to the relevant Fund. The Redemption Fee shall take into account the estimated Explicit Transaction Costs. Where appropriate to the investment strategy of the relevant Fund, the Redemption Fee shall also take into account estimated Implicit Transaction Costs.

11.07 11.06 A redemption charge (or such other charge as may be outlined in the

Prospectus) not exceeding 3% of the Net Asset Value per ShareWithout prejudice to the ability of the Directors to impose a Redemption Fee in accordance with the provisions of this Clause and subject to any applicable Central Bank requirements, a Charge on Redemptions not exceeding 3 per

12

cent of the current Repurchase Price of a Participating Share of the relevant class prevailing on that Dealing Day may be deducted from the Net Asset Value per Shareredemption proceeds for the absolute use and benefit of the ManagerCompany, or as it may direct and the Directors may otherwise direct. The Directors may, subject to Central Bank requirements, at their discretion waive, either wholly or partially, such redemption chargeCharge on Redemptions or differentiate between ShareholdersMembers as to the amount of such redemption chargeCharge on Redemptions, if any, within the permitted limit , which discretion may be delegated to the Manager (if any) or an Investment Adviser. The Company shall not increase the maximum Charge on Redemptions without prior approval of the Members of the relevant Fund or Class given on the basis of an Ordinary Resolution. In the event of an increase in the Charge on Redemptions a reasonable notification period will be provided by the Company to enable Members redeem their Participating Shares prior to the implementation of the increase.

11.13 11.12If the number ofvalue of participating Shares of a particular Fund

in respect of which total net or gross redemption requests have been received on any Dealing Day is equal to one tenth or more of the total  number of Shares in issue in that particular Fundor over a specified period exceeds the relevant threshold set out in the Prospectus or the relevant Supplement, the Directors may in their discretion refuse to redeem any participating Shares in that Fund in excess of one tenth of the total number of Shares in issue in that Fund and, if they so refusesuch threshold. If the Directors exercise the foregoing power, the requests for redemption on such Dealing Day shall be reduced pro rata and theshares so that all Members wishing to redeem their shareholding in that Fund will realise the same proportion of their redemption request. The Participating Shares to which each request relates which are not redeemed by reason of such reduction shall be treated as if a request for redemption had been made in respect of each subsequent Dealing Day until all the participating Shares to which the original request related have been redeemed. Requests for redemption which have been carried forward from an earlier Dealing Day shall (subject always to the foregoing limits) be complied with as determined by the Directors and disclosed in the Prospectus.

13

12.07 The Directors may compulsorily redeem and/or cancel such number of

participating Shares held by such person as is required to effect a pro-rata reduction in the number of participating Shares of a Class or Fund held by a Shareholder in order to issueimplement a Side Pocket Shares in accordance with Article 4.06.

(f) Subject to authorisation by the Central Bank each Fund may invest up to 100% of its net assets in transferable securities and money market instruments issued or guaranteed by any Member State, its local authorities, non-Member State or public international bodies of which one or more Member States are members, drawn from the following list:

OECD Member Country (provided the relevant issues are investment grade)

Government of Singapore

European Investment Bank

European Bank for Reconstruction & Development

International Finance Corporation

International Monetary Fund

Euratom

The Asian Development Bank

Council of Europe

Eurofima

African Development Bank

The World Bank

The International Bank for Reconstruction & Development

The Inter American Development Bank

European Union

European Central Bank

US Federal National Mortgage Association

US Federal Home Loan Mortgage Corporation

US Government National Mortgage Association

US Student Loan Marketing Association

US Federal Home Loan Bank

US Federal Farm Credit Bank

US Tennessee Valley Authority

Straight - A Funding LLC

Government of the People's Republic of China

Government of Brazil (provided the issues are of investment grade)

Government of India (provided the issues are of investment grade)

Government of Saudi Arabia (provided the issues are of investment grade)

provided that if more than 35% of the net assets of a Fund are invested in such securities, the Fund must hold securities from at least six different issues with securities from any one issue not exceeding 30% of the net assets of the relevant Fund.

14

Recognised Exchanges

With the exception of permitted investments in unlisted securities and OTC derivative instruments, the Company will only invest in those securities and financial derivative instruments listed or traded on a stock exchange or market (including derivative markets) which meets with the Central Bank requirements and which are listed in the prospectusProspectus. The Central Bank does not issue a list of approved stock exchanges or markets.

For the purposes only of determining the value of the assets of a Fund, the term "Recognized Exchange" shall be deemed to include, in relation to any derivatives instrument utilised by a Fund, any organized exchange or market on which such derivative instrument is regularly traded.

15