Marshall Wace Asia Limited

Item 5 – Fees and Compensation

Performance Compensation and Management Fees
With respect to all types of clients, MWAL and/or its affiliates generally receive a management fee based on a
percentage of assets under management, and incentive income based on net capital appreciation.

Where MWAL is directly appointed in its role as investment manager, it generally receives a management fee
not exceeding 2% per annum and an accrued performance fee or incentive allocation (paid to an affiliate) that is
variable, dependent on performance but generally does not exceed 20% above a high water mark or, in one
instance, a higher percentage above an equity index benchmark. Where MWAL serves as a sub-adviser or
manages the assets of clients of its affiliates, a portion of those fees or allocations received by an affiliate may be
paid to MWAL to compensate it for its sub-advisory role.

In limited circumstances, MWAL may negotiate specific terms of investment for certain prospective investors in
the Funds that will differ from the terms applicable to other investors. When we enter into these arrangements, a
rebate may be paid by MWAL to the relevant investor.

Fees are deducted and performance allocations taken from Fund assets. Management fees are automatically
deducted monthly (or on such other frequency as is agreed with the relevant Fund) from each relevant Fund's
account, in arrears. Performance fees, if applicable to relevant fund shares, are charged or made as at 30
September in each year. Performance fees are also generally automatically deducted on any withdrawal of
capital by, or other distribution of monies to, an investor, generally subject to a loss carry-forward mechanism. In
any case, performance fees charged are in compliance with the requirements of Section 205 of the Investment
Advisers Act of 1940 (the “Advisers Act”) and its applicable rules.

Expenses
Investors in the Funds may also bear other fees and expenses of the Funds. Such expenses may include, but
are not limited to: brokerage commissions and charges; all fees and expenses of transactional, risk, market data
and trade-related services; all administrative expenses; fees and charges of custodians and clearing agencies;
income taxes, withholding taxes, transfer taxes and other charges and duties of governments, agencies or
regulatory bodies; fees and expenses of legal advisers, administrators, net asset value calculation agents,
accountants and independent auditors; directors’ fees and expenses; the costs of printing and distributing any
memorandum and subscription materials and any reports and notices to shareholders or prospective investors;
research, database and due diligence costs and expenses, technology and other software costs and expenses;
blue sky fees; insurance costs; and consulting fees and expenses and fees of other service providers. Each
Fund will also bear its organizational fees and expenses. To the extent that MWAL or an affiliate initially bears
any of these expenses, the Funds will generally reimburse them.

Please refer to Item 12 for additional information regarding brokerage and other transaction costs, and to the
relevant Funds’ PPMs or other account offering documents for additional details on fees and compensation.

Other
Neither MWAL nor its officers or employees accept compensation for the sale of securities or other investment
products to its clients.

Item 7 – Types of Clients

MWAL provides advisory services to private collective investment vehicles. The minimum initial capital
contribution required for investment into a Fund varies according to the Fund and the class of interests. For
most Marshall Wace funds, the minimum is either US$5,000,000, US$250,000 or EUR100,000 (or currency
equivalent), depending on the Fund.