Lion Global Investors Limited

Item 5 Fees and Compensation
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Our fees for providing advisory services are generally negotiable and can vary depending on the
investment objective and type of account. The negotiation of fees may result in similarly situated
clients paying different fees for comparable advisory services.

The management fees charged to clients for our advisory services are generally based on an annual
percentage of the value or size of assets under management, as determined by us in good faith or by a
client’s custodian or other administrator. The specific manner in which fees are charged by us is
established in a client’s investment management agreement with us. Under our standard investment
management agreement, we will generally bill our fees on a quarterly basis, in arrears.

Clients may elect to be billed directly for fees. Management fees are prorated for each capital contribution
and withdrawal made during the applicable calendar quarter (with the exception of de minimis contributions
and withdrawals). Accounts initiated or terminated during a calendar quarter are charged a prorated fee.
Upon termination of any account, any earned, unpaid fees are due and payable. Clients do not and cannot
pay any advisory or management fees in advance.

Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which are incurred by the client. Clients may incur certain charges imposed by custodians, brokers and
other third parties which can include fees charged by managers, custodial fees, deferred sales charges,
odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, commissions and/or “spreads”
and other fees and taxes on brokerage accounts and securities transactions. Please see Item 12 below for a
more detailed discussion regarding our brokerage practices. Mutual funds and exchange traded funds in
which we may invest on behalf of clients also charge internal management fees. We will selectively place
non-US clients in investment funds we sponsor and/or advise, subject to appropriateness. We do not
engage in this activity in relation to U.S clients.

The pooled investment vehicles we manage or sub-advise typically have different billing arrangements
based on the methodology established by the product sponsor or administrator, and as set forth in each
fund’s offering document. No supervised persons of Lion Global Investors accept compensation for sale of
securities or other investment products in relation to US clients.

Item 7 Types of Clients
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We provide advisory services to a variety of client types. Clients may include:

        Individuals, Personal Trusts and Estates – Private investors who place personal assets in
         separately managed accounts managed by us;

        Registered US investment companies and/or investment advisers to these registered US
         investment companies;

        Non-US private funds – Collective investment pools organized and authorized in Singapore and
         other foreign jurisdictions that are not open to investment by US persons;

        Non-US Pension and Profit Sharing plans – Generally organized as a trust, investing the pooled
         assets of plan participants;

        Charitable Organizations, Foundations and Endowments            – Non-profit entities investing
         contributions to support a stated mission or mandate;

        Corporations – Taxable entities organized for a specific business purpose, investing cash reserves;

        Governments and government-connected organizations.

We generally require institutional clients to have a minimum account size of $20,000,000 to receive
discretionary investment advisory services. However, we may consider waiving the account minimums in
our sole discretion after considering factors including the number of accounts managed for a client, the
nature of services rendered, any special requirements of the account(s) managed and the totality of the
relationship between us and the client.