Comgest Asset Management International Limited

ITEM 5: FEES AND COMPENSATION

Management Fee

CAMIL generally receives an investment management fee based on a percentage of the assets under
management in the client account or selected fund. In addition, certain clients may pay a performance
based fee, as outlined in Item 6. Because CAMIL will be delivering this brochure only to “qualified
purchasers” as defined in section 2(a)(51)(A) of the Investment Company Act of 1940, SEC rules do not
require CAMIL to include its standard fee schedules in this brochure.

CAMIL sets standard fixed fee scales for all of its investment strategies which are subject to change.
CAMIL’s standard fees for providing discretionary investment management services vary with the type
of account and investment strategy. On occasion the fee scale is negotiable depending on a number of
factors, including whether a performance fee is being applied, client specific requests or requirements,
location of client, expected duration of investment, the total size of the account and the aggregate
amount invested with Comgest.

Furthermore, CAMIL may enter into distribution agreements with distributors and fee rebate
agreements with certain investors in the funds. Pursuant to these agreements, CAMIL may, in its sole
discretion, agree to pay the following out of the investment management fee which it has received from
the fund and which is attributable to the distributor/investor: (a) trailer or retrocession fees to the
distributors appointed by it; and (b) rebates to investors based on the terms of the agreement entered
into by CAMIL with such investor.

CAMIL may also enter into investor fee agreements for share classes in the funds which do not have a
set fee in the Offering Document. CAMIL will agree with the client the investment management fee to
be paid based on its standard fee scale, subject to change.

Fees are calculated in accordance with the relevant fund’s Offering Document, investor fee agreement
or client investment management agreement, as appropriate.

While CAMIL acts as a fiduciary in managing client assets, not all business decisions made by CAMIL
are fiduciary decisions. Subject to applicable law and any contractual commitments, CAMIL may choose
to charge different fees or otherwise offer different levels of service to different clients for the same fee,
depending on its business needs and market demands. In addition, investors should note that the fees
for fund investing can differ from the fees for separate account investing.

Billing

CAMIL bills clients directly for investment management fees. For accounts that are pooled investment
vehicles (where CAMIL acts as investment manager) that are organized as UCITS funds, U.S. private
funds or U.S. collective investment trusts, fees are accrued daily and paid monthly or quarterly in
arrears depending on the vehicle.

For investor fee agreements related to pooled investment vehicles or separately managed accounts,
fees are generally charged monthly or quarterly in arrears and are invoiced to clients. Clients may elect
for or authorise their global custodians to make payment to CAMIL. The specific manner in which fees
are charged is established in the client’s investment management agreement or investor fee agreement
with CAMIL. Accounts initiated or terminated during a period will be charged a prorated fee. Upon
termination of any account, any earned and unpaid fees will be due and payable.

CAMIL must comply with SEC rules about “custody” of client assets (which can include automatic billing
arrangements). Clients other than registered investment companies who prefer that CAMIL deduct fees
directly from their account will be required to make specific arrangements with a qualified custodian
and to provide CAMIL with additional information (including confirmation that the custodian provides
the client with required account statements).

Other Fees

In addition to the fees paid for management of the account, clients will also pay costs and expenses
associated with their investment, such as commissions, clearing fees, taxes, and custody and accounting
charges. Clients are responsible for these other charges, which may be imposed by third parties other
than Comgest.

Commissions and Transaction Costs: The rate of commissions and level of transaction costs will vary,
and, for fixed-income securities, commissions may not be separately stated, but implicit in the spread
paid on the trade. A further discussion of CAMIL’s brokerage policies and practices is found in Item 12.

Taxes: Withholding taxes and/or other taxes may be applicable to some investments (such as securities
of non-U.S. issuers). Value Added Tax (“VAT”) or similar taxes may also apply to management fees paid
to CAMIL.

Custody and Accounting Charges: These charges (including ongoing fees as well as transaction specific
fees and charges for portfolio trades and collateral transfers) are charged by the custodian and
accounting agent/record keeper for the portfolio.

For separate account clients, the custodian or administrator, not CAMIL (or Comgest), charges each of
these expenses (other than commissions) directly to the portfolio, and, in many cases, CAMIL (and
Comgest) does not know the amounts of these expenses. For more information, clients may contact
their service providers directly.

CAMIL has entered into a secondment agreement with the UCITS funds for the secondment of
personnel. The costs associated with the secondment of personnel are charged to the UCITS funds.

For investors in Comgest UCITS funds, those expenses that are sub-fund specific will be allocated to the
relevant sub-fund only and passed on to investors on a pro rata basis relevant to their ownership in the
sub-fund. Expenses which are attributable to multiple sub-funds will be allocated on a pro-rated basis
based on the weighting of each individual sub-fund and passed on to investors on a pro-rata basis of
...

ITEM 7: TYPES OF CLIENTS

CAMIL provides investment management services to a selection of UCITS equity funds, which include
global and regional strategies covering Asia, Asia Pacific excluding Japan, Emerging Markets, Emerging
Markets ex China, Global, Global ex U.S., Pan-Europe, China, India, Japan and the United States of
America. In addition, CAMIL also provides certain of the above strategies to clients via U.S. private
funds, U.S. collective investment trusts and separately managed accounts.

Comgest’s client base encompasses a diverse group of long-term oriented investors including sovereign
wealth funds and other international bodies, pension funds, insurance companies, family offices,
foundations, private banks and multi-managers, spanning Europe, Asia Pacific, the Middle East, North
America and Latin America.

The minimum amounts required for investment in the UCITS funds are typically $750,000 for entry
into an institutional class, $50 for entry into a standard class and $10 for share classes where no fee is
stated in the Offering Document but for which an investor fee agreement must be entered into. The
Offering Document includes other institutional classes with a higher minimum amount required for
investment. The directors of the fund may from time to time exercise their discretion, as permissible

under the Offering Document of the relevant fund in order to waive the minimum initial investment
amounts and minimum holding amounts, if any, for subscribing to or remaining in a fund.

The minimum amounts required for investment in the U.S. private funds and collective investment
trusts are typically $1,000,000 for entry into an institutional share class. For classes where no fee is
stated in the Offering Document, the minimum amount required for investment together with the
investment management fee is agreed between the investor and CAMIL. The manager of the U.S. private
fund or the trustee of the collective investment trust may from time to time exercise their discretion,
as permissible under the Offering Document of the relevant fund in order to waive the minimum initial
investment amounts for subscribing to a fund.

The minimum annual fee required by CAMIL for a separately managed account is generally $350,000
per annum to $1,000,000 per annum depending on the strategy. CAMIL may elect to accept smaller
accounts at its sole discretion.