Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On February 5, 2020 T. Rowe Price Group, Inc. (the "Company") announced that Chris Alderson, the Company's head of International Equity, co-head of Global Equity, and a member of the Management Committee, will step down from the Company on December 31, 2020.

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