Pamplona Capital Management LLC

Item 5: Fees and Compensation

We are generally compensated for our advisory services by the Investment Manager to the Partnerships,
who is compensated based on a percentage of assets under management.

The fee schedule for the Partnerships are as follows:

Investment Management Fees

External investors in the Partnerships are referred to as the Limited Partners. The Special Limited
Partners to the Partnerships are Pamplona Private Equity Carryco V, L.P., Pamplona Investment
Carryco I LP, Pamplona TMT Carryco I, L.P. and Pamplona Equity Partners Carryco LP. No
investment management fees are charged to the Special Limited Partners. The investors in the Special
Limited Partners are executives of the Firm or its affiliates.

Fund V

During its commitment period Fund V paid the Investment Manager an annual investment management
fee of 1.50% per annum, based on the Capital Commitments of the Limited Partner. The commitment
period of Fund V expired in May 2023. After the end of the commitment period through the complete
winding up of Fund V the management fee payable to the Investment Manager shall be an amount equal
to 1.50% respectively per annum of the total cost of Investments held by Fund V, adjusted on a pro rata
basis with respect to the portion of Investments no longer held by Fund V and for permanent write-
downs of Investments below cost, each as calculated on the first day of each quarter on which the
Management Fee is payable or, if applicable, on the first day after the sixth anniversary of the
commencement of the Commitment Period.

PIP LP

Through the complete winding up of PIP LP the management fee payable to the Investment Manager
shall be an amount equal to 0.75% per annum of the total cost of Investments held by the PIP LP,
adjusted on a pro rata basis with respect to the portion of Investments no longer held by the PIP LP and
for permanent write-downs of Investments below cost. There is no remaining cost in PIP LP and
therefore no management fees were paid during 2024.

Deanwood TMT

During the commitment period, Deanwood TMT paid to the Investment Manager an annual investment
management fee in an amount equal to 1.50% per annum on the aggregate capital commitment of the
Limited Partner. The commitment period of Deanwood TMT ended in November 2020. After the end
of the commitment period through the complete winding up of Deanwood TMT the management fee
payable to the Investment Manager shall be an amount equal to 1.50% respectively per annum of (i)
total called Capital Commitments (excluding called Capital Commitments utilized to pay Deanwood
TMT partnership expenses less (ii) total distributions of capital made to Limited Partners in respect of
realized investments, and less (iii) total write-offs (and, for the avoidance of doubt, not write-downs) of
investments not included in the calculation under clause (ii) above.

PEP Fund

Pamplona Capital Management LLC                               Form ADV Part 2A March 2026

During its commitment period PEP Fund paid the Investment Manager an annual investment
management fee of 1.50% per annum on the Capital Commitments of the Limited Partner. The
commitment period of PEP Fund expired in May 2024. After the end of the commitment period through
the complete winding up of PEP Fund the management fee payable to the Investment Manager shall be
an amount equal to 1.50% per annum of the total cost of Investments held by the PEP Fund, adjusted
on a pro rata basis with respect to the portion of Investments no longer held by the PEP Fund and for
permanent write-downs of Investments below cost.

The Firm receives a portion of the Fund V, PIP LP, Deanwood TMT and PEP Fund Management Fees
from the Investment Manager.

Any break-up fees which are paid to the General Partners, Pamplona or its affiliates offsets the
Management Fee payable as follows: (i) to the extent that the Partnerships incurred any expenses in
connection with the proposed transaction giving rise to such break-up fees, 100% of such break-up fees
shall reduce the Management Fee; (ii) thereafter to the extent that the General Partner, Pamplona or any
Pamplona Affiliate (other than the Partnerships) incurred any expenses in connection with the proposed
transaction giving rise to such break-up fees, 100% of such break-up fees shall be retained by the
General Partners, Pamplona or its affiliates; and (iii) thereafter, 75% (for Deanwood TMT) or 100%
(for Fund V, PIP LP and PEP Fund) of the balance of such break-up fees shall result in an offset of the
Partnerships’ obligation to pay future instalments of Management Fees (beginning with the next
instalment due).

If the General Partners, Pamplona or any of its affiliates receives any advisory fees, 75% (for Deanwood
TMT) or 100% (for Fund V, PIP LP and PEP Fund) of all such advisory fees, net of related expenses
incurred by Pamplona and its affiliates, will be applied to offset the Partnerships’ obligation to pay
future instalments of Management Fees.

Carried Interest

Some employees and partners of Pamplona and its affiliates, as partners in the Special Limited Partners,
will be apportioned carried interest distributions from the Partnerships based on profits attributable to
the Limited Partners (other than the Special Limited Partners) (“Carried Interest”)

Net proceeds attributable to investments in portfolio companies to be distributed to Limited Partners
will be apportioned among the Limited Partners in accordance with their Capital Commitments utilized
by the Partnerships for such investment, and the amount so apportioned to a Limited Partner (other than
the Special Limited Partner) is then further apportioned between such Limited Partner and the Special
Limited Partner.

Payment Method

Management fees are paid quarterly in advance either by issuing capital calls to the investors or by
making payments from investment proceeds or other cash held by the Partnerships.

Expenses

Organizational Expenses
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Item 7: Types of Clients

Pamplona provides investment advice to the Investment Manager which in turn has a management
agreement with the Partnerships.

The Investment Manager is a regulated investment manager based in Malta and is authorised and
regulated by the Malta Financial Services Authority.

Fund V is a Cayman Islands limited partnership registered under the Exempted Limited Partnership
Law (as amended) of the Cayman Islands. PIP LP and Deanwood TMT are Delaware limited
partnership. PEP Fund is a limited partnership registered in Malta and which is registered as a Notified
Alternative Investment Fund (“Notified AIF”) with the Malta Financial Services Authority.