Macquarie Investment Management Limited

Item 5: Fees and Compensation

A. Compensation
MIML does not have a basic fee schedule. Fee rates are negotiable and may vary depending on a
number of factors, including the size and nature of the mandate and the nature of the services provided.
Fees may comprise management fees (either a fixed dollar amount or a percentage of gross or net
assets under management) and performance fees. The specific fee arrangements, including the amount,
timing, and basis of calculation is determined through negotiations with the client and documented in a
written agreement.

B. Payment of Fees

The time at which fees are payable is negotiated with the client. In general, management fees are payable
monthly or quarterly in arrears. Performance fees are payable on outperformance above an agreed
benchmark, and may be subject to a high watermark. The written agreement with the client generally
provides that the client may terminate the agreement under specific circumstances without the payment of
any penalty, upon giving notice to MIML.

C. Other fees
No additional fees are paid to MIML by clients in connection with advisory service provided.

D. Payment of Fees in Advance
Clients are not permitted to pay fees in advance of advisory services being provided.

E. Compensation for Sale of Securities or Other Investment Products
Neither MIML nor any of its supervised persons receives any compensation for the sale of securities or
other investment products. All forms of compensation are outlined in Item 5.A.

Item 7: Types of Clients
MIML generally provides investment advisory services to the following types of clients:

       Banks or thrift institutions;
       Pension and profit sharing plans;
       Trust, estate or charitable organizations;
       Corporations/business entities;
       Individuals

MIML’s clients may also include governments, government agencies, international organizations,
educational institutions and pooled investment vehicles.