Egerton Capital UK LLP

ITEM 5. FEES AND COMPENSATION
Asset-Based Compensation

Egerton Capital charges each client an investment management fee (as an annual % of assets)
based on the value of the client’s assets under management, ranging from 0.65% to 1.5% depending
on the client account, share class and/or series.

Egerton Capital may waive fees with respect to its personnel and their related persons.

For all clients:

Investment management fees are charged each month or each week, depending on the frequency of
dealing, in arrears based on the total market value of the assets in the client account (prior to the
accrual of that period’s investment management fee and any performance/incentive fee, and including
net unrealised appreciation or depreciation of investments and cash, cash equivalents and accrued
interest) on the last day of the period.

If a new client account is established during a period or a client makes an addition to its account
during a period, the investment management fee will be pro-rated accordingly. If a client’s investment
management agreement is terminated or a withdrawal is made from a client account during a period,
the investment management fee payable to Egerton Capital will be calculated based on the value of
the assets on the termination date or withdrawal date and pro-rated for the period during the period in
which the investment management arrangement was in effect or such amount was in the account.

Performance-Based Compensation

Egerton Capital may also be paid a performance-based fee or allocation, which is compensation that
is based on a share of capital gains on or capital appreciation of the assets of a client (such as a
client that is a hedge fund or other pooled investment vehicle). This compensation may be paid to
Egerton Capital or to a related person of Egerton Capital and ranges from 5%–20% and may, in
certain instances, be subject to a hurdle.

These fees are not negotiable.

Investment management fees are deducted from client accounts and paid to Egerton on a monthly
basis following liaison with the client or the client’s administrator.

For all funds, accrued performance fees and allocations are payable or able to be allocated to
Egerton Capital at the end of their respective financial year, with the exception of accrued
performance fees and allocations become payable or able to be allocated if an investor
redeems/withdraws prior to such year end.

In addition to paying investment management fees and, if applicable, performance-based
compensation, client accounts will also be subject to other investment expenses such as
administration charges, custodial charges, brokerage fees and other transaction costs, commissions
and related costs, interest expenses, taxes, duties and other governmental charges, transfer and
registration fees or similar expenses, costs associated with foreign exchange transactions, other
portfolio expenses, and costs, expenses and fees (including, depositary fees) associated with
products or services that may be necessary or incidental to such investments or accounts.

Client assets may be invested in money market mutual funds, ETFs or other private funds or
registered investment companies. In these cases, the client will bear its pro rata share of the
investment management fee and other fees of the fund, which are in addition to the investment
management fee paid to Egerton Capital. For client accounts that are funds forming part of master-
feeder structures, feeder funds bear a pro rata share of the expenses associated with the related
master fund. In addition, clients will incur brokerage and other transaction costs. Please refer to Item

ITEM 7. TYPES OF CLIENTS
Egerton Capital’s clients consist of private funds and management companies.

With respect to any client that is a pooled investment vehicle, any initial and additional subscription
minimums are disclosed in the offering memorandum for the pooled investment vehicle.

                                                                                          31 March 2026