CP2 Limited

ITEM 5: FEES AND COMPENSATION

CP2 currently has two fee scales:

a)    Existing Investments

      Listed investments: 50 basis points

      Unlisted investments: 40 basis points

b)    New Funds

      Sliding fee scale as per the below table:

                                    FUM Bracket        Fee Applicable

                                     $0 - $200m            0.50%

                                    $200m - $400m          0.40%

                                    $400m - $600m          0.30%

                                       >$600m              0.20%

      Please Note – Fees are subject to negotiation.

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ITEM 7: TYPES OF CLIENTS

In its capacity as an holder of Australian Financial Services Licence No. 246803, CP2 provides investment
advisory, management and trustee services to a range of wholesale and institutional investors. Clients may
invest either through funds (a.k.a. collective investment vehicles) managed by CP2 and its related entities,
or under discrete investment management mandates with CP2.

Clients’ monies are invested by CP2 directly into infrastructure assets or in the securities of entities, including
listed and unlisted infrastructure companies, which hold infrastructure assets. The specific types of
infrastructure assets or infrastructure entities invested in is in accordance with the investment objectives
stated in the fund’s constituent documents or in accordance with the investment objectives stated in the
investment management agreement entered into with a client.

Existing and prospective clients of CP2 fit into the following four categories:

     sovereign funds;

     global pension and endowment funds;

     industry superannuation funds;

     other institutional clients.

CP2 generally requires clients to enter into a written investment management or investment advisory
agreement prior to the establishment of an account. CP2 will not enter into an investment management or
investment advisory relationship with any prospective client whose investment objectives, guidelines, and
restrictions CP2 deems incompatible with its basic investment philosophy or strategies, or if CP2 deems the
prospective client’s investment objectives, guidelines, and restrictions unduly restrictive or unrealistic.

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