Copenhagen Infrastructure Partners Inc

Item 5 - Fees and Compensation
In consideration for CIP Inc. providing the services to CIP P/S and its affiliates in relation to the
US investment activities of the Funds advised and managed by CIP P/S and its affiliates and
certain investor relations activity, CIP Inc. is entitled to an annual remuneration paid by CIP
P/S or its affiliates which is calculated on the basis of costs and expenses of the CIP Inc. staff
and all other support and administrative services of CIP Inc. relating to the provision of services,
without any limitations, plus a market based margin. Expenses and costs for each Fund include
an annual management fee paid to CIP P/S or its affiliate as the investment adviser and
manager. Management fees paid to CIP P/S are generally equal to investor(s) pro rata share
of total commitments to a Fund, and/or the investor(s) pro rata share of capital committed by

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the Fund to investments following the investment period and may in certain instances be
reduced at certain periods or when certain conditions are met. To the extent specified in a
Fund’s Governing Documents, CIP P/S or another CIP entity (including CIP Service Company
(as defined below)) will be permitted to receive certain supplemental fees and other amounts
consisting of: (i) service fees, including advisory services, paid by any portfolio company; (ii)
transaction fees paid by any Fund or portfolio company; and (iii) other designated net fee
payments received by CIP P/S or its partners or personnel from portfolio companies or
prospective portfolio companies. The Governing Documents set forth the full list of terms under
which management fees will be reduced, offset or otherwise be limited, and consequently
investors should expect to bear the full specified management fee rate in the Governing
Documents until they are reduced in the circumstances and on the date(s) specified therein.

Additionally, each Fund pays a performance fee (carried interest) to certain employees of CIP
P/S, other affiliates of CIP P/S and the Firm, and certain third parties subject to the terms of
the relevant Fund’s Governing Documents. Each Fund also incurs expenses related to
establishment, transaction costs, liability insurance, taxes and tax services, depositary
services, regulatory fees, auditing and accounting assistance, various direct administration
costs, Investment Committee, Limited Partner Advisory Committee and Investor Panel.
Expenses related to CIP Service Companies (see Item 10) are allocated to Fund subsidiaries
holding the projects, however, a residual amount may in some events be incurred by a Fund.

Fees and compensation information contained herein is a summary only. Investors in Funds
should refer to the Governing Documents for the relevant Fund for a complete understanding
of fees and expenses applicable to their investment in the Fund.

Item 7 - Types of Clients
CIP Inc. provides investment advisory services to CIP P/S and its affiliates in their respective
capacities as investment adviser and manager of the Funds. The Funds are deemed to be and
treated as the Firm’s ultimate “Clients”. See also Item 4 - Advisory Business. U.S. investors in
the Funds are typically limited to persons who are “qualified purchasers” as that term is defined

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in the Investment Company Act of 1940, as amended, and “accredited investors” as that term
is defined in SEC Rule 501(a) under the Securities Act of 1933, as amended.