Arbion Limited

Item 5 FEES AND COMPENSATION

Investment Services

The annual fee for our Investment Management Services will be charged as a percentage of assets under
management, according to the following schedule:

Assets Under Management Annual Fee (%)

Multi Asset Portfolio:
Portfolio Value                  Annual Charge
$5million to $25million          0.80%
$25million to $50million         0.60%
$50million plus                  0.50%

A minimum of $5 million of assets under management are generally required for this service. This minimum
account size may be negotiable under certain circumstances. The annual management fee is charged
quarterly in arrears as a percentage of assets under management at the following dates 03/31, 06/30, 09/30
and 12/31.

For Hedge Fund portfolio’s, Arbion may also charge a performance fee on any annual outperformance of the
portfolio on a high watermark basis. See Item 6 below.

Upon invoicing the Custodian, Arbion’s fees are debited from the client’s account by the relevant custodian
bank. The client consents to this at time of account opening under the terms of the “Limited Power of
Attorney” by which we manage accounts. We are not permitted to withdraw assets from client accounts.
Unless a client requests otherwise, the bank will pay invoices shortly following receipt. We invoice for
management fees on a calendar quarterly basis (31st March, 30th June, 30th September and 31st December)
and performance fees on an annual basis.

Other types of Fees and Expenses:

In addition to Arbion’s management and performance fees, clients are responsible for the fees and expenses
charged by the custodian bank (s) that their assets are held with. Such fees may include, but are not limited
to, custody and transaction charges, fees for duplicate statements and transaction confirmations, and fees
for electronic data feeds and reports. Please refer to Item 12 of this brochure for additional information
regarding brokerage practices. As a result of transactions made in a client’s account the client will also incur
brokerage and transactions costs.

Prepayment of fees:

We do not require any prepayment of fees for our investment services. All fees are charged quarterly in
arrears.

Negotiability of Fees:

In certain circumstances, fees may be negotiable. We reserve the right to adjust the fee schedule for
accounts depending on the size and type of account and the services required, adjustments are confirmed to
the client in writing. In some cases, negotiation of fees may result in different fees being charged for similar
services and may be less than the stated fees.

Compensation

We are not compensated for the sale of any securities or any other investment product. Clients have the
option to purchase any of the securities or investment products through other brokers or agents which are
not affiliated with us.

Termination:

A client agreement may be canceled at any time, by either party, for any reason upon receipt of written
notice to the other party.

Item 7 TYPES OF CLIENTS

Arbion provides investment management services to high-net-worth individuals, companies and trusts.
As previously disclosed in Item 5 of this Brochure, we generally impose a minimum account balance
requirement of $5 million for opening or maintaining an investment relationship with Arbion.

Arbion also provides the services of investment manager to 1 UK OEICS. These are not available to US
investors.