10 May Dear Investor,

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1 Capital International Fund 6C, route de Trèves L 2633 Senningerberg Tel Fax Toll free in the EU and Switzerland thecapitalgroup.com 10 May 2016 Capital International Fund Société d Investissement à Capital Variable organised under the laws of the Grand Duchy of Luxembourg Trade and Companies Register of Luxembourg: B 8833 Notification of the merger of Capital Group US Growth and Income Fund (LUX) into Capital Group Investment Company of America (LUX) under the CIF umbrella Dear Investor, We would like to inform you that the Board of Directors has decided to merge Capital Group US Growth and Income Fund (LUX) ( CGUSGILU, the Absorbed Sub-Fund ) into Capital Group Investment Company of America (LUX) ( CGICALU, the Absorbing Sub-Fund ), both being sub-funds of the Capital International Fund umbrella ( CIF ). The Investment Company of America ( ICA ) strategy, Capital Group s longest-established investment strategy, launched in 1934, was previously only available to US investors but we are now making it available outside of the US via CGICALU. The ICA strategy, which has been proven over eight decades of investing, has typically offered long-term returns at lower volatility and with greater downside protection. It also provides access to a wider portfolio management team CGUSGILU is managed by a subset of this team. This broader team offers an extra layer of diversification and balance to the portfolio while maintaining the same high conviction investment approach. If you would like to participate in the merger you need take no further action other than consider the content of this letter. The merger will take place on 17 June 2016 and your holdings will be automatically merged into the Absorbing Sub-Fund. Investment objectives CGICALU will share a similar investment strategy with CGUSGILU. Both sub-funds seek to achieve longterm growth of capital and income through investment in listed equity of issuers domiciled and/or having

2 their principal place of business in the USA. CGICALU has a stated objective of also seeking potential for capital appreciation and future dividends. Both sub-funds share a similar investment universe: for CGUSGILU, the USA; for CGICALU, the USA and any country included at any time in the MSCI World Index, Luxembourg and Emerging Markets (as defined in the Company s prospectus) with a possibility to invest up to 15% of its assets outside the USA (whereas CGUSGILU may invest up to 10% of its assets in securities of issuers that are not domiciled nor have their principal place of business in the USA). CGICALU will launch on 17 June With the merger we will be able to offer access to an exposure to the US through a time-tested approach. We continually explore ways in which we can offer the best service to our investors, and we believe that the merger of these two funds is in line with this objective. Lower fee for Z share class until 30 June 2018 We are pleased to announce that the management fee for class Z and equivalent shares in CGICALU will be reduced by 10bps to 65bps until 30 June The fund administration fee, custody fee, sales charge, management fee (other than for class Z as mentioned above) and redemption charge applying to CGICALU will remain the same. It is therefore expected that the total expense ratios at share class level will be unchanged in CGICALU, except for class Z and equivalent shares where the total expense ratio will benefit from the temporary lower management fee. In addition, we can confirm that whilst transaction costs related to the repositioning of the Absorbed Sub-Fund s portfolio and its transfer into the Absorbing Sub-Fund will be supported by the investors of the Absorbed Sub-Fund, all legal, administrative and advisory costs related to the merger will be covered by Capital Group. To keep transaction costs to the minimum and to maintain exposure to the market, we plan to transfer the majority of the existing securities of the Absorbed Sub-Fund into the Absorbing Sub-Fund. The remaining securities that cannot be transferred will be sold and new securities purchased in the Absorbing Sub- Fund in a timely manner in the days leading up to and including the merger. However, investors participating in the merger should note that it may not be possible to ensure the same degree of exposure to the market up to and including the effective date of the merger. Important information We would like to draw your attention to the enclosed Key Investor Information Documents (KIIDs), which outline the main features of CGICALU, and emphasize the importance of reading it. As indicated above, CGICALU will be launched on 17 June 2016 and hence, the KIIDs of CGICALU only enter into force and be available on our website: thecapitalgroup.com/emea on that date. A copy of the KIIDs can also be requested free of charge at the registered office of the Company. You will also find in the attached table the Synthetic Risk and Reward Indicator (SRRI) per share class and currency in both the Absorbed Sub- Fund and the Absorbing Sub-Fund. (Global exposure in both the Absorbed Sub-Fund and the Absorbing Sub-Fund is calculated in accordance with the commitment approach 1.) For investors holding shares in dividend-distributing share classes of the Absorbed Sub-Fund, a special dividend distribution made out of the investment income accrued previously to the merger will take place on 10 June The dividend policy which currently applies to the relevant Absorbed Sub-Fund share class will apply in the same way to the new corresponding share class of the Absorbing Sub-Fund. For investors in these share classes electing to redeem out of the said share classes before 10 June 2016, they will receive their portion of the investment income accrued up to the redemptions date, as part of their redemption proceeds. The treatment of their redemption will not differ from any regular redemption. Should you wish to read the report prepared by CIF s approved statutory auditor, you can obtain it upon request at the registered office of the Company: 6C, route de Trèves, L 2633 Senningerberg, Luxembourg. 1 As per relevant Luxembourg law risk management requirement approach.

3 Taxation Whilst we do not expect the merger to be a taxable event in many jurisdictions, it is possible that you may be resident and pay taxes in a country where the merger could trigger taxation (including, in particular, capital gains tax). We encourage you to seek the assistance of an independent financial professional or tax adviser to assess the potential financial impact the merger will have in your particular situation. Next steps Investors will receive a number of shares at the net asset value per share prevailing on the effective date of the merger in the relevant class in the Absorbing Sub-Fund, in proportion to the total value of the shares they hold in the corresponding class in the Absorbed Sub-Fund. The Absorbing Sub-Fund being empty on the effective date of the merger, the initial net asset value per share will be USD ten (10) or the equivalent net asset value per share in the currency of the share class. The exchange ratio will be calculated for each class by dividing the net asset value per share of such class in the Absorbed Sub-Fund calculated on the effective date by USD ten (10) or equivalent. If you do not wish to proceed with the merger you may redeem your shares in the Absorbed Sub-Fund without any redemption charges being applied and in accordance with the provisions of the CIF prospectus until 10 June Please note that subscriptions, redemptions and switches in the Absorbed Sub-Fund will be discontinued as from 13 June 2016 inclusive until the effective date of the merger. Investors not having made use of the redemption right granted within the time limit referred to in the first sentence above shall be able to exercise their rights as shareholders of the Absorbing Sub-Fund from 20 June If you have any questions about this letter or your investment with Capital Group, please contact our Investor Services Team on Alternatively, you can your query to ist@capgroup.com. For more information, or if you would prefer to read this letter in French, Italian or Spanish, please visit our website: thecapitalgroup.com/emea. The latest CIF prospectus is also available on this website. Thank you for investing with Capital Group. Yours faithfully, Sinisa Vacic Senior Manager, Investor Services On behalf of the Board of Directors

4 Comparison table of the CGUSGILU and CGICALU ISINs and Synthetic Risk and Reward Indicator (SRRI) Share Class Currency CGUSGILU (Absorbed Sub-Fund) ISIN codes CGICALU (Absorbing Sub-Fund) CGUSGILU (Absorbed Sub-Fund) CGICALU (Absorbing Sub-Fund) A4 CHF LU LU A4 EUR LU LU A4 GBP LU LU A4 USD LU LU B CHF LU LU B EUR LU LU B GBP LU LU B USD LU LU Bd CHF LU LU Bd EUR LU LU Bd GBP LU LU Bd USD LU LU Bh-EUR EUR LU LU C CHF LU LU C EUR LU LU C GBP LU LU C JPY LU LU C USD LU LU T EUR LU LU T USD LU LU Tgd EUR LU LU Tgd USD LU LU Tgdh-EUR EUR LU LU Th-EUR EUR LU LU X CHF LU LU X EUR LU LU X GBP LU LU X JPY LU LU X USD LU LU Xd CHF LU LU Xd EUR LU LU Xd GBP LU LU Xd JPY LU LU Xd USD LU LU Xdh-GBP GBP LU LU Z CHF LU LU Z EUR LU LU Z GBP LU LU Z JPY LU LU Z USD LU LU Zd CHF LU LU Zd EUR LU LU Zd GBP LU LU Zd JPY LU LU Zd USD LU LU Zdh-GBP GBP LU LU Zgd CHF LU LU Zgd EUR LU LU Zgd GBP LU LU Zgd JPY LU LU Zgd USD LU LU Zgdh-GBP GBP LU LU Zh-EUR EUR LU LU SRRI

5 The latest fund documents are available at the premises of the below local agents: Austria Paying and Information Agent UniCredit Bank Austria A.G, Schottengasse 6-8, A-1010 Wien Belgium Financial Service J.P. Morgan Europe Limited, Brussels Branch, 1, Boulevard du Roi Albert II, B-1210 Brussels Denmark BankNordik, Amagerbrogade 25, DK-2300 København S France Centralising and Financial Agent For CIF and CIEMF BNP Paribas Securities Services, 3, rue d Antin, F Paris For CIP and CIP2 CACEIS Bank France, 1-3, place Valhubert, F Paris Germany Paying and Information Agent J.P. Morgan A.G., Junghofstraße 14, D Frankfurt am Main Ireland J.P. Morgan Administration Services (Ireland) Limited, J.P. Morgan House, International Financial Services Centre, IE-Dublin 1 Italy s Société Générale Securities Services S.p.A. (SGSS S.p.A.), Via Benigno Crespi 19/A, MAC 2, I Milano BNP PARIBAS Securities Services, filiale di Milano, Via Ansperto, 5, I-20123, Milano Netherlands Dexia Bank Nederland N.V, Herengracht 182, NL-1016 BR Amsterdam Spain Representative Agent Allfunds Bank, S.A., c/ Estafeta nº6 (La Moraleja), Complejo Plaza de la Fuente - Edificio 3, E-28109, Alcobendas - Madrid Sweden Representative Agent Nordea Bank AB, Smålandsgatan 17, SE Stockholm Switzerland Representative Capital International Sàrl 3, place des Bergues, CH-1201 Geneva For CIF, CIP and CIEMF J.P. Morgan (Suisse) S.A., 8, rue de la Confédération, CH-1204 Geneva For CIP2 JPMorgan Chase Bank, National Association, Columbus, Zurich Branch, Dreikönigstrasse 21, CH-8002 Zurich United Kingdom Facilities, Marketing and Sales agent Capital International Ltd, 40 Grosvenor Place, SW1X 7GG, London UK