On June 10, 2021, Affiliated Managers Group, Inc. entered into a Second Amendment to Third Amended and Restated Term Credit Agreement (the Amendment") among the Company, the lenders party thereto and Bank of America, N.A., as administrative agent (the Administrative Agent"), which amends that certain Third Amended and Restated Term Credit Agreement, dated as of January 18, 2019 (as amended by that certain First Amendment to Third Amended and Restated Credit Agreement, dated as of January 8, 2021, the Term Credit Agreement"), among the Company, the several banks and other financial institutions from time to time party thereto, and the Administrative Agent. The Amendment does not change the commercial terms of the Term Credit Agreement other than a reduction in applicable interest rates.