Edward Bernard

and President, of T. Rowe Price Investment Services, Inc. Mr. Bernard serves as the Chairman and President of T. Rowe Price Retirement Plan Services, Inc., T. Rowe Price International Funds Inc and T. Rowe Price Institutional Small-Cap Stock Fund. He has been Vice Chairman and Vice President of T. Rowe Price Group, Inc. since January 1, 2007 and 1989 respectively and serves as its Head of Distribution & Client Service. He serves as the President of T. Rowe Price (Canada), Inc. and T. Rowe Price Insurance Agency, Inc. He serves as Vice President, Portfolio Manager and Director of T. Rowe Price Retirement Funds in its fund complex. He serves as Vice President of T. Rowe Price Associates, Inc. Mr. Bernard serves as the Chairman, Chief Executive Officer, and President at T. Rowe Price Trust Company, Inc. Mr. Bernard has 25 years of experience in the investment management industry. Mr. Bernard serves as the Chairman at T. Rowe Price Personal Strategy Balanced Portfolio. He joined T. Rowe Price in 1988. He serves as the Co-Chairman and chairman of the Board of Governors at Investment Company Institute. He serves as the Chairman of the Board and Director of T. Rowe Price Retirement Plan Services, Inc. and T. Rowe Price Services, Inc. He serves as the Chairman of the Board and Director of 144 funds in fund Complex of T. Rowe Price funds. Mr. Bernard serves as the Chairman of T. Rowe Price Global Asset Management Limited and T. Rowe Price Savings Bank. He serves as a Director of T. Rowe Price Associates, Inc., and T. Rowe Price Advisory Services, Inc., T. Rowe Price (Canada), Inc. and T. Rowe Price Insurance Agency, Inc. Mr. Bernard has been an Interested Director of T. Rowe Price Advisory Services, Inc. He serves as Director of T. Rowe Price International, Inc. and Economic Alliance of Greater Baltimore, Inc. He has been a Director at T. Rowe Price Group Inc., since 1999. He holds an M.B.A. (Finance) from New York University and a B.A. from Brown University.