Not FDIC-insured. May lose value. No bank guarantee.

Emerging Markets Stock Fund Investor Class: PRMSXMarch 31, 2018

Examining a complex global economy in pursuit ofEMERGING MARKET LEADERS.

EMBEDDED EXPERTISEOur team remains one of the broadest, most experienced, and diverse in the industry. Analysts are located around the globe for a more thorough knowledge of companies to provide keener insights and uncover long-term prospects.

DISTINCT DIVERSIFICATIONThe fund's country and sector weightings can vary from the benchmark and peers, offering investors an uncommon yet measured portfolio that has delivered good risk-adjusted returns in the face of recent challenging years in the emerging world.

LONG-TERM FOCUSDeveloping economies are complex with unique risks, but the right investments can offer powerful growth potential for patient investors. The fund seeks reasonably priced industry leaders with solid management teams and a long runway for growth.

Finding growth in evolving economies takes a coordinated, on-the-ground team of experts.

The fund relies on MSCI, Inc., to determine which countries are considered emerging markets, and the fund expects to invest primarily in the highlighted countries above (other countries may be added or listed countries may be removed).

T. Rowe Price Investment Services, Inc., Distributor.201801-405896

March 31, 2018Emerging Markets Stock Fund

Experienced Management

Gonzalo Pngaro

Investment Experience:26 YearsAt T. Rowe Price:19 Years

MorningstarTMOverall Morningstar RatingTM

Morningstar CategoryTM Diversified Emerging Mkts

Rated against 666 Diversified Emerging Mkts funds, as of 03/31/2018, based on risk-adjusted returns.

...our increased confidence in its experienced fund manager, large supporting team, and proven investment process.

- MorningstarNovember 08, 2017

As of 03/31/2018, the Emerging Markets Stock Fund, received 5 stars for 3 Years/666 funds, 4 stars for 5 Years/474 funds, and 3 stars for 10 Years/194 funds in the Diversified Emerging Mkts category. Ratings are subject to change. The Morningstar Rating for funds, or "star rating", is calculated for funds with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Past performance cannot guarantee future results.*

Top 20 HoldingsRank Issue Industry Country % of Net Assets1 Tencent Holdings Internet Software & Services China 7.21%

2 Samsung Electronics Technology Hardware, Storage & Peripherals South Korea 5.32%

3 Alibaba Group Holding Internet Software & Services China 4.96%

4 Taiwan Semiconductor ManufacturingSemiconductors & Semiconductor Equipment Taiwan 4.80%

5 ITAU UNIBANCO HOLDING SA PREF Banks Brazil 3.27%

6 Sberbank of Russia Banks Russia 3.26%7 AIA Group Insurance Hong Kong 2.48%8 LG Household & Health Care Personal Products South Korea 2.45%9 Lojas Renner Multiline Retail Brazil 2.31%10 Raia Drogasil Food & Staples Retailing Brazil 2.28%11 Ping An Insurance Insurance China 2.13%12 Baidu Internet Software & Services China 2.03%13 Largan Precision Electronic Equip, Instr & Cmpts Taiwan 1.94%14 CP ALL Food & Staples Retailing Thailand 1.91%15 FirstRand Diversified Financial Services South Africa 1.56%16 Naspers Media South Africa 1.54%17 Housing Development Finance Thrifts & Mortgage Finance India 1.54%18 Shoprite Holdings Food & Staples Retailing South Africa 1.49%19 Hengan International Group Personal Products China 1.37%20 Bank Central Asia Banks Indonesia 1.36%

Total Portfolio Holdings 91 companies

Cumulative ReturnsInvestor ClassHypothetical Growth of $10,000

1.23%Expense Ratio:

$13,531.32

Average Annual Total Returns AnnualizedEmerging Markets Stock FundInception Date: 03/31/95

Three Months Year-to-Date One Year Three Years Five Years Ten Years Since Inception

Investor Class 2.82% 2.82% 30.75% 11.99% 7.56% 3.07% 8.46%

Current performance may be higher or lower than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance or to request a prospectus, which includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing, please call 1-855-405-6488 or visit our website at troweprice.com. The fund charges a 2% redemption fee on shares held 90 days or less. The performance information shown does not reflect the deduction of the redemption fee; if it did, the performance would be lower. Total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

All investments are subject to risks, including the possible loss of principal. International investments are subject to additional risks, including the potential for adverse political and economic developments, greater volatility, less liquidity, and the possibility that foreign currencies will decline against the dollar. These risks are greater in emerging markets. Small- and mid-cap stocks can have greater risk and volatility than the stocks of larger companies.The expense ratio is as of the fund's most recent prospectus.*Source for Morningstar data: 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content

providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.