DC Capital Advisors Limited

Item 5 - Fees and Compensation

Our fees and compensation are described in the advisory contracts we enter into with our clients.
Investors in the Fund pay a quarterly management fee of 0.25% per quarter (approximately 1%
per annum) and are subject to an annual performance-based allocation of up to 20% of net capital
appreciation after a preferred return, and subject to a high watermark.

Management fees are generally paid quarterly in advance, and are not refundable if the advisory
contract is cancelled or if an investor withdraws from the Fund prior to the end of a payment
period. We generally deduct our management fees directly from the Fund’s account when the
fees are payable. D.C.R. Partners receives performance-based allocations from the Fund on an
annual basis in arrears and upon withdrawals by investors in the Fund.

The Fund generally bears investment expenses (i.e., expenses related to the investment of assets,
including brokerage commissions, margin interest and travel related to investments), premiums
for general partner liability insurance (if any), legal expenses, accounting, auditing and tax
preparation expenses, expenses incurred in connection with the offering and sale of the limited
partnership interests, taxes and extraordinary expenses that we reasonably determine should not
properly be considered administrative expenses of the Fund, which we bear. (See Item 12
“Brokerage Practices” below for additional information regarding brokerage commissions.)

We may also allocate a portion of the Fund’s capital to money market funds or exchange-traded
funds. In addition to the fees and expenses discussed above, investors in the Fund will indirectly
incur similar fees and expenses if we invest the Fund’s capital in such money market funds or
exchange-traded funds, as these funds, in turn, pay similar fees to their investment managers and
other service providers.

We also receive consulting fees from Tinicum Incorporated (“Tinicum”), an investment adviser
that advises private equity funds and invests in public equities. (See Item 10 “Other Financial
Industry Activities and Affiliations - Affiliated Management Companies.”)

D.C. CAPITAL ADVISORS, LIMITED Form ADV: Part 2A                                             Page 4

Item 7 - Types of Clients

We provide investment advice to a single private fund, the Fund. Investors in the Fund are
generally high net worth individuals and institutional investors that qualify as “accredited
investors” (as defined in Rule 501 under the Securities Act of 1933, as amended) and “qualified
clients” (as defined under the Investment Advisers Act of 1940, as amended (the “Advisers
Act”)). The minimum investment in the Fund is generally $1,000,000, though we have the
discretion to waive this minimum.

We also provide consulting services to Tinicum, an investment adviser that advises private equity
funds and invests in public equities. (See Item 10 “Other Financial Industry Activities and
Affiliations - Affiliated Management Companies.”)