Brookfield Asset Management PIC Adviser Private Equity LP

ITEM 5 – FEES AND COMPENSATION

As compensation for the services it provides to Brookfield Accounts, Brookfield is generally
entitled to an annual management fee that is typically calculated and paid quarterly in advance,
subject to the terms of the applicable Governing Documents. In addition, Brookfield is generally
entitled to performance-based compensation, which typically is equal to a portion of the

Brookfield Asset Management Private Institutional Capital Adviser (Private Equity), L.P.         3

distributions of investment proceeds attributable to each Investor in a Brookfield Account (other
than affiliates of BAM PIC PE), subject to the terms of the applicable Governing Documents.
Overall fees may vary by Brookfield Account and are determined in accordance with the
applicable Governing Documents. Brookfield reserves the right to apply different fee and expense
arrangements to Investors on an individual basis.

Brookfield charges additional fees in connection with an investment for a Brookfield Account and
earns break‐up fees in connection with investments that are not consummated as outlined in the
applicable Governing Documents. In addition, representatives of Brookfield from time to time
serve on the board of directors of one or more portfolio investments that a Brookfield Account
is invested in and receive directors’ fees in connection with such appointment. As set out in the
Governing Documents for each Brookfield Account, up to 100% of the Investors’ portion of the
Brookfield Account’s allocable share of any transaction, monitoring, consulting, advisory,
directors’, break-up or similar fees received by Brookfield and its employees (or, in the case of
directors’ fees, representatives of Brookfield) are generally applied, net of the Investor’s allocable
share of applicable expenses, to reduce the annual management fee (provided that any of these
fees that would reduce the annual management fee in excess of the management fee for the
applicable period may be applied to the management fee for subsequent periods).

In addition, as set out in more detail in “Affiliated Services and Transactions” in Item 10 below:

    •   Brookfield may make available certain discount programs to its employees as a result of
        Brookfield’s relationship with an investment, which discounts are not available to the
        Investors;

    •   Brookfield has and will be retained to perform services for a Brookfield Account or a
        portfolio investment of a Brookfield Account that would otherwise be provided by third
        parties, and will charge the relevant Brookfield Account or portfolio investment for such
        services;

    •   Certain portfolio investments of Brookfield Accounts will provide services to, receive
        services from, or participate in transactions or other arrangements with, Brookfield and
        its affiliates (including other portfolio investments owned by Brookfield, Brookfield
        Accounts or non-controlled affiliates);

    •   Brookfield (or other Brookfield Accounts or businesses) will from time to time make
        equity or other investments in companies or businesses that provide services to or
        otherwise contract with a Brookfield Account and/or its portfolio investments; and

Furthermore, in certain circumstances Brookfield employees are hired by, seconded to, or
retained by one or more portfolio investments of a Brookfield Account or by Brookfield on behalf
of a portfolio investment, as set out in more detail in “Transfers and Secondment of Employees”
in Item 10 below.

Brookfield Asset Management Private Institutional Capital Adviser (Private Equity), L.P.          4

Brookfield Accounts also incur brokerage and other transaction costs, as set out in more detail in
“Brokerage Practices” in Item 12 below.

In addition to the fees above, each Brookfield Account generally bears all of its operating
expenses, including legal, organizational, offering expenses and other expenses, and each
Investor bears its pro rata portion of these expenses, as set out in more detail in “Allocation of
Costs and Expenses” in Item 10 below.

Brookfield will from time to time determine that it is advisable to invest additional capital in or
with respect to an investment and (a) this additional investment must be made within a
timeframe that would preclude the issuance of a funding notice in respect thereof or (b)
unfunded capital commitments are unavailable for this purpose, then Brookfield may loan
additional capital to such investment in accordance with a Brookfield Account’s Governing
Documents. Any such loan is expected to be repaid by such investment in priority to any
distributions to a Brookfield Account by such investment, or be converted into an equity interest
in such investment on a dollar-for-dollar basis using an appraisal or arm’s length valuation, in
Brookfield’s sole discretion.

As noted above, the asset-based management fee in respect of a Brookfield Account is typically
paid quarterly in advance. An Investor in a Brookfield Account that is a closed-end private
investment fund is generally only permitted to withdraw from the account under limited
circumstances and will generally not be entitled to a refund of fees paid in advance in such
circumstances. Certain redemption rights are generally afforded to investors in Brookfield
Accounts that are open-ended.

Certain Brookfield subsidiaries, including Brookfield Private Advisors LLC, a limited purpose
broker‐dealer that is registered with the SEC and is a member of the Financial Industry Regulatory
Authority, Inc. (“FINRA”); Brookfield Private Wealth LLC, a limited purpose broker-dealer that is
registered with the SEC and is a member of FINRA; Brookfield Private Capital (UK) Limited, which
is authorized and regulated by the United Kingdom’s Financial Conduct Authority; Brookfield
Singapore Pte. Ltd., which is an exempt Financial Advisor authorized and regulated by the
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ITEM 7 – TYPES OF CLIENTS

Brookfield’s clients include private investment funds structured as limited partnerships (and
alternative investment vehicles and parallel or co‐investment vehicles formed for investments
made outside or alongside the limited partnerships), publicly listed operating partnerships and
joint ventures. Investors in Brookfield Accounts generally include public and corporate pensions,
sovereign wealth funds, insurance companies, financial institutions, corporations and high net
worth individuals.