Deccan Value Investors LP

Item 5: Fees and Compensation

Item 5.A

In general, the fees for the Investment Funds are not negotiable.

The Investment Funds (defined in Item 4.B. above) pay an annual management fee from 1.0% to 2.0% of
portfolio assets, calculated and payable quarterly in advance as of the first day of each quarter, depending

on the specific Investment Fund and the share class. The Investment Funds also pay an incentive allocation
based on the performance of the portfolio above an index. Incentive allocations range between 0% and
20% of any realized and unrealized outperformance of an index, depending on the specific Investment Fund
and the share class.

Performance-based allocations are only charged consistent with the SEC rules and regulations, including
Rule 205-3 under the Investment Advisers Act of 1940. The general partner of the Investment Funds, in its
sole discretion, may waive or calculate differently the management fees and incentive allocations with
respect to investments made by affiliates or employees and certain other investors in the Investment Funds.

Incentive allocations are calculated and accrued quarterly but are generally allocated annually at year-end.
Incentive allocations are also subject to a hurdle rate on a share class basis. The hurdle rate will be
determined on a quarterly basis by tracking the quarterly performance of the MSCI World Index USD Net.

Deccan’s fee schedule is omitted because this Brochure is only being delivered to “qualified purchasers”
as defined in the IC Act. Deccan may in the future charge other types of fees and use different fee structures,
including variations of incentive allocations.

Item 5.B

Fees are deducted directly from the Investment Funds assets by Deccan. The Management Fee is deducted
quarterly and is calculated and payable quarterly in advance. The Management Fee is prorated for any
capital contribution or withdrawal that occurs other than as of the first day of a quarter.

The Incentive Allocation is accrued quarterly; however, investors pay the Incentive Allocation at the end of
each fiscal year. If a withdrawal occurs at any time other than at the end of a fiscal year, the withdrawing
investor will be responsible for the Incentive Allocation at the time of the withdrawal.

Item 5.C

The Investment Funds bear their own expenses. These expenses can include administrative expenses that
are not borne by Deccan, including broker and investment-related expenses (including brokerage
commissions, clearing and settlement charges, custodial fees and interest expense); consultants, including
travel expenses, legal expenses; accounting, audit and tax preparation expenses; expenses of printing and
mailing reports and notices; entity-level tax expenses; regulatory expenses and filing fees (including,
without limitation, fees and expenses incurred in connection with the preparation and filing of Form PF,
Section 13 filings, Section 16 filings and other similar regulatory filings); organizational expenses;
expenses relating to the offer and sale of interests in the Investment Funds; expenses relating to obtaining
liability insurance (e.g., D&O and E&O insurance expenses); administrator fees; corporate licensing,
extraordinary expenses and other similar expenses related to the Investment Funds. Organizational expenses
may be amortized over a period of up to five years. To the extent such expenses are advanced by the General
Partner of the Investment Funds or by Deccan on behalf of the Investment Funds, such expenses are
subsequently reimbursed.

In addition to the brokerage and transaction costs discussed above, please refer to Item 12 for more details
on Deccan’s Brokerage Practices.

Item 5.D

The Investment Funds must pay fees quarterly in advance. Management fees will be prorated for any capital
withdrawal by an investor that is effective other than as of the first day of a quarter. If a relationship with
a client is terminated before the end of a billing period, the client would be refunded a prorated portion of
any pre-paid fees.

Item 5.E

No one under Deccan’s supervision or control is compensated for the sale of interests in the Investment
Funds.

Item 7: Types of Clients

Deccan provides discretionary investment advice to Investment Funds of institutions, pension plans, and
high net worth individual investors. The Investment Funds generally require minimum investments of $5
million; however, amounts less than the required minimum may be agreed upon in Deccan’s sole discretion.