Cantillon Capital Management LLP

Item 5 – Fees and Compensation

Cantillon or its affiliate, Cantillon Capital Management LLC, is paid an annual asset-based
management fee up to 1.25% for its services to the Funds and Accounts. All fees are agreed
upon with each individual Client and are typically based on the size of assets under
management. Management fees are paid monthly or quarterly in arrears depending on the
Client. The specific management fee charged by and paid to Cantillon is established in each
Client’s written agreement with Cantillon. As stated above, neither Cantillon nor Cantillon
Capital Management LLC receive any additional compensation in connection with the
Reciprocal Agreement.

Investors and prospective investors in the Funds are encouraged to read the Funds’
respective Private Offering Memorandum or Prospectus to understand the fees and expenses
that are borne by the Funds and those for which other service providers, including Cantillon,
are responsible. In general, certain costs and expenses incurred in its operation, including,
without limitation, taxes, expenses for legal, auditing, company secretarial and consulting
services, registration fees and other expenses due to supervisory authorities in various
jurisdictions, insurance, and interest are paid out of the assets of the relevant Fund. Costs,
charges and expenses (including the fees of the legal advisers) in relation to the preparation
of the Private Offering Memorandum or Prospectus and all other documents and matters
relating to or concerning the offering of shares in each Fund and any other fees, charges and
expenses on the creation and issue of the shares are also paid out of the assets of the relevant
Fund.

Cantillon’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which are incurred by the Clients. Clients can also incur certain charges
imposed by custodians, brokers and other third parties such as fees charged by managers,
custodial fees, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
on brokerage accounts and securities transactions. Mutual funds and exchange traded funds
also charge internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and execution costs are exclusive of, and in addition to, Cantillon’s fee.
Cantillon does not receive any portion of these fees and costs. Additionally, while Cantillon
does not receive any portion of commissions directly, the Firm indirectly benefits from
commissions through the research services received in connection with the commission
sharing arrangement described in Item 12.

Item 12 further describes the factors that Cantillon 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

Cantillon provides investment management services to private investment funds, corporate
pension plans, state or municipal pension plans, charitable institutions, foundations,
endowments, sovereign wealth funds, family offices and other U.S. and international
institutions.

Cantillon typically requires a minimum account size of $200 million for separately managed
accounts. Cantillon can waive this requirement at its discretion.

The Funds generally admit only persons as investors who are accredited investors as defined
in Rule 506 of Regulation D of the Securities Act of 1933. Additionally, the Funds require a
minimum initial investment of $10 million subject to the discretion of the General Partner of
the U.S. domestic Fund and the Board of Directors of the Ireland Fund to reduce that
minimum amount.