Idalion Capital US LP

Item 5.        Fees and Compensation
Idalion Capital receives an asset based management fee annually which ranges from .25% to 2% of
assets under management, depending on the share class in which an investor invests. There are also
share classes which do not charge a management fee. The management fee is paid monthly in arrears.
Investors should refer to the relevant Fund’s offering memorandum (“OM”) for a full discussion of
the fees associated with each share class.

Expenses
Currently, the Manager has determined that it will pay the legal, administration and audit expenses of
each of the Funds and the remuneration and expenses (including the relevant insurance premiums) of
the Directors of Idalion Global Fund Limited and the general partner of Idalion Global Fund LP (as
well as any such expenses which are borne by Idalion Global Master Fund and allocated to either
Fund), to the extent that the aggregate of such expenses are in any month, in respect of each Fund
separately, more than 0.1 per cent of the net asset value of that Fund.

For the avoidance of doubt, the Fee Reduction Proposal does not involve the Manager paying for or
rebating any performance fee, any management fee, any trading costs or expenses or any other
expenses incurred by the Funds or the Master Fund, although the Manager may in its sole discretion
net any Performance Fee or Management Fee owing to it against such expenses.

With consideration for the above, the funds bear the cost of the following as stated in the respective
OM:

      Costs and expenses of all transactions carried out by the Fund or on its behalf;

      Interest expenses and other expenses incurred in respect of borrowings by the Fund (from
       the Prime Broker/Custodian);
      Brokers’ commissions, borrowing charges on securities sold short and any issue or transfer
       taxes or stamp duties chargeable in connection with any securities transactions;
      Any income taxes, withholding taxes, transfer taxes, stamp duties, filing fees or other
       governmental charges imposed on the Fund;
      Fees of the Administrator;
      Custodial and settlement fees;
      Costs associated with legal advisers and auditors;
      Litigation and indemnification expenses and extraordinary expenses not incurred in the
       ordinary course of business;
      Costs of preparing offering materials and reports to Limited Partners including printing and
       mailing costs;
      Tax reporting and other tax related costs incurred by the Fund;
      Directors’ fees and expenses;
      The cost of insurance for the benefit of the Directors;
      Specific research and investment consultancy expenses;
      The cost of obtaining and maintaining any future listing of the shares on a stock exchange;
       and
      All other organisational and operating expenses of the Fund.

Item 7.        Types of Clients
Idalion Capital provides discretionary investment management to Idalion Global Master Fund
Limited (“Master Fund”), a Cayman based private fund organized in a master feeder structure with
Idalion Global Fund Limited (“Offshore Feeder Fund”) and Idalion Global Fund LP (“Onshore
Feeder Fund” and collectively with the Offshore Feeder Fund and the Master Fund, “the Funds”).
The Funds are offered in reliance on the exemption from registration contained in Section 3(c)(7) of
the 1940 Investment Company Act and is therefore available only to U.S. investors who meet the
requirements of a Qualified Purchaser as defined in the 1940 Investment Company Act.

An initial investment in the Funds is subject to a minimum investment amount which ranges from
$1,000,000 (or Euro equivalent for the Offshore Feeder Fund) to $20,000,000 (or Euro equivalent for
the Offshore Feeder Fund) depending on the specific share class. Additional subscriptions are

subject to a minimum investment of $100,000 (or Euro equivalent for the Offshore Feeder Fund). A
redemption notice period of 30 days applies to investors in all share classes, subject to the Board of
the Directors right to waive the notice period in the best interests of the Funds and investors.

The Firm may also provide discretionary management services to separately managed accounts for
institutional investors.