Brahman Capital Corp

ITEM 5: FEES AND COMPENSATION
Advisory Fees and Compensation

Generally, each Fund (i) pays Brahman a fixed management fee, generally payable in advance on
the first business day of each calendar quarter (and such management fee is amortized monthly by
the applicable Fund over the quarter for which such management fee is paid), in an amount between
1% and 1.5% per annum, and (ii) pays or allocates to Brahman (or an affiliate that serves as the
general partner of the applicable Fund) an annual performance-based fee or allocation payable or
allocable, generally at the end of each fiscal year, in an amount up to 20% of the net profits of such
Fund, subject to a high water mark, a hurdle, if any, and/or other terms.

Additional details regarding the management fee and the performance-based fee/allocation terms
applicable to each Fund can be found in such Fund’s confidential memorandum and/or governing
documents.

In the event that a client’s net asset value is reduced in connection with a withdrawal or redemption
by an investor from a Fund other than as of the last day of a quarter, Brahman will return to such
client an amount equal to the pro rata portion of the management fee, based on the actual number
of months remaining in such quarter, and such Fund will distribute such amount to the investor.
Upon the complete or partial withdrawal or redemption by an investor in a Fund other than at the
end of a fiscal year, the performance-based fee/allocation, if any, will be paid or allocated with
respect to the amount being withdrawn or redeemed, as applicable.

The above noted management fee and performance-based fee/allocation have been and may be
waived or reduced at Brahman’s discretion with respect to any investor, including investors that are
affiliates or employees of Brahman, members of the families of such persons, and trusts or other
entities for their benefit, without the approval of any other investors. Co-investment vehicles have
in the past and may continue to have lower management fees and/or performance-based
compensation terms than as described above.

Certain Funds have entered into side letters relating to, among other things: (i) assurances that a
particular investor may request due to the laws, rules, regulations (including tax), or policies or
particular status applicable to such investor, (ii) assurances or undertakings as to reporting and
transfers, and (iii) fee terms.

Prepayment of Fees

Fees and compensation paid to Brahman or its affiliates by the Funds are generally deducted from
the assets of such clients. As discussed above, management fees are generally deducted on a
quarterly basis, in advance, and a performance-based fee/allocation is generally deducted on an
annual basis at the end of a fiscal year or at an earlier date during a year if an investor in a Fund
withdraws or redeems during such fiscal year.

Additional Fees and Expenses

The below expenses may not be applicable to all of the Funds. To the extent permitted under the
applicable offering documents and/or governing documents, each Fund generally bears its own

operating and other expenses, including, without limitation: the management fee; investment
expenses (e.g., expenses that Brahman or its affiliates reasonably determine to be related to the
investment of a Fund’s assets, such as brokerage commissions (see Item 12 for more information
on brokerage expenses); expenses relating to short sales, research expenses, clearing and settlement
charges, custodial fees, bank service fees, interest expenses, and fees to professionals incurred in
connection with considering and structuring investments); fees and salaries of the members of the
Board of Directors of each of the Offshore Funds (the “Directors”); fees and disbursements of an
administrator; legal expenses and disbursements, including legal fees and disbursements to counsel
to the Directors; all out of pocket expenses of investment banking, consulting, due diligence, and
other professional services provided by third-party service providers, other than Brahman or any of
its affiliates; insurance in relation to the activities of a Fund; transfer, registration (including director
registration), and similar expenses incurred by a Fund; organization and conduct of its Directors’
and shareholders’ meetings, in the case of each of the Offshore Funds (including expenses incurred
in connection with the attendance of a representative of Brahman at such meetings); professional
fees (including, without limitation, expenses of consultants and experts) relating to investments;
accounting expenses (including the cost of accounting software packages); fees and expenses
incurred in connection with any tax audit by any taxing authority, including any related
investigation, administrative settlement, or judicial review; fees and expenses (including director
registration fees) of any trading vehicle’s directors and officers; maintenance of all of its corporate
records and books of account, including, without limitation, accounting and auditing fees and
disbursements; the preparation and distribution of all reports and other communications with
investors; the valuation of the securities of a Fund and the publications thereof and the calculation
of the net asset value of the interests or shares, as applicable; taxes; corporate licensing; regulatory
expenses (including filing fees and similar fees, including such expenses with respect to transactions
that are not consummated, in each case, provided that such amount was not otherwise reimbursable
by any person in which such Fund invests or proposes to invest); organizational expenses; trading
software; a Fund’s communications with the public; other operations and expenses not related to
functions assumed by Brahman, and its overhead expenses, including, without limitation, rent,
insurance, equipment, salaries, postage, courier delivery, and telephone; expenses incurred in
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ITEM 7: TYPES OF CLIENTS
Brahman generally provides investment advice to the Funds and any co-investment vehicles, as
described above, as well as certain separately managed accounts.