SCHEDULE A Amended as of March 1, 2019 to the EXPENSE LIMITATION AGREEMENT dated July 17, 2017 between THE ADVISORS’ INNER CIRCLE FUND III and Investec Asset Management North America, Inc. MAXIMUM ANNUAL OPERATING EXPENSE LIMITS

SCHEDULE A

Amended as of March 1, 2019

to the

EXPENSE LIMITATION AGREEMENT

dated July 17, 2017 between

THE ADVISORS’ INNER CIRCLE FUND III

and

Investec Asset Management North America, Inc.

MAXIMUM ANNUAL OPERATING EXPENSE LIMITS

This Agreement relates to the following Funds of the Trust:

Name of Fund	Share Class	Maximum Annual Operating Expense Limit	Initial Term End Date
Investec Global Franchise Fund	I Shares	0.85%	February 28, 2020
	A Shares	0.85%	February 28, 2020
Investec Emerging Markets Equity Fund	I Shares	0.85%	February 28, 2020
	A Shares	0.85%	February 28, 2020

ACKNOWLEDGED AND ACCEPTED BY:

THE ADVISORS’ INNER CIRCLE FUND III			Investec Asset Management North America, Inc.
By:	/s/ Xxxxx Xxxxxxxxx		By:	/s/ Xxxx X. Xxxxxxx
Name:	Xxxxx Xxxxxxxxx		Name:	Xxxx X. Xxxxxxx
Title:	Vice President & Assistant Secretary		Title:	Head of Legal, Americas

	By:	/s/ Xxxxx xxx Xxxxxxx
	Name:	Xxxxx xxx Xxxxxxx
	Title:	Business Manager, North America