Haven Global Partners LLC

Item 5 Fees and Compensation
Clients pay HGP a fee based on the value of assets in their account. Fees are charged quarterly in
arrears based on the market value for the quarter as outlined in the investment advisory
agreement. Typically, this would be the average of the month end market values for the quarter. The
advisory fee covers only the portfolio management and advisory services provided by HGP and does
not include brokerage commissions, mark-ups and mark-downs, exchange fees, dealer spreads, other
costs associated with the purchase and sale of securities, custodian fees, transfer fees, wire fees,
interest, taxes, or other account expenses. Refer to Item 12 for a detailed discussion of brokerage
practices, including HGP's procedures for determining the reasonableness of commissions and other
transaction costs.

HGP typically sends invoices to clients for payment of advisory fees. HGP does not have authority to
deduct advisory fees directly from client accounts. To the extent that HGP is authorized to directly
invoice the client's custodian for payment of its advisory fee, HGP would be deemed to have custody of

the client's funds, so HGP has chosen not to do that. Clients will receive a statement, usually monthly
but no less than quarterly, directly from their account custodian. HGP urges clients to review the
information on the statement for accuracy and compare the information to any reports received directly
from HGP. Please refer to Item 15 of this document for additional disclosures relating to Custody.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of 30
days written notice, unless stated otherwise in the client agreement. Upon termination of any account,
the advisory fee will be prorated for the period for which services were rendered. Any prepaid,
unearned fees will be promptly refunded.

HGP's standard International Equity investment advisory fee schedule:

             Up to $10 million                                   1.00%
             Above $10 million                                   0.50%

Fees may be lowered at our discretion and are outlined in the client agreement.

Private Fund
The Haven Global Partners ACWI ex-US Fund, L.P. charges a management fee of 75 bp which may
be lowered at our discretion.

Item 7 Types of Clients
HGP provides portfolio management to public and corporate pension plans, endowments, foundations
and Taft-Hartley plans, as well as OCIOs, RIAs and Family Offices.

A minimum account size of $5,000,000 is required for investment advisory services provided directly
by HGP. Typically, the minimum investment for the Fund is $5,000,000 and only accredited investors
are permitted to participate. The minimum investments may be waived under certain circumstances.