APG Asset Management US Inc

Item 5 – Fees and Compensation

APG US does not have a fee schedule because it only provides investment advisory and
administrative services to its parent company. Fees are negotiated annually to reflect
reimbursement of costs plus a mark-up determined on an arm’s-length basis for transfer
pricing purposes. The annual fee is billed directly to the client in arrears, generally in
monthly installments.

APG US’s fees are exclusive of third-party brokerage commissions, research fees, transaction
fees, and other related costs and expenses which are incurred by ABP, certain separately
managed accounts or FGRs. Clients may incur certain charges imposed by custodians,
brokers, and other third parties, such as fees charged by managers, custodial fees,

transaction costs, legal fees, odd-lot differentials, transfer taxes, wire transfer and electronic
fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Private funds, mutual funds and exchange-traded funds also charge internal management
fees, which are disclosed in a fund’s prospectus or private placement memorandum. Such
charges, fees, and commissions are exclusive of and in addition to APG US’s fee, and APG US
does not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that APG US considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Item 7 – Types of Clients

APG US provides investment advisory services exclusively to its parent company, APG NL.
APG NL provides investment advisory services to ABP, non-US pension funds, and FGRs
sponsored and controlled by APG NL and whose sole participants are Dutch pension funds.