Snyder Capital Management LP

Item 5 – Fees and Compensation

Separately Managed account strategies

SCM’s management fees are based on a percentage of assets under management. Fee
structure is negotiable depending on amount of assets, type of client, type of mandate,
and pre-existing relationship with SCM. SCM’s fees are disclosed to the client in the
client’s Investment Advisory Agreement and will not be greater than 1.00% annually.
The separate account fee SCM charges does not apply to accounts of clients
participating in certain programs sponsored by financial intermediaries, advisers, or
planners where SCM is the investment adviser. For such accounts, the investment
advisory fee will be negotiated with the program sponsor and depends on account
size, assets class, services, and other relevant factors.

SCM serves as investment adviser for a collective investment trust (“CIT”), sponsored
and administered by a third party, that pursues the small/mid-cap investment
strategy. Its fee is not greater than 1.00% annually.

SCM is an investment advisor to an open-ended umbrella Irish collective asset-
management vehicle (“ICAV”) and is authorized by the Central Bank of Ireland as an
Undertakings for the Collective Investment in Transferable Securities (“UCITS”). Fees
for this investment vehicle are dependent on the share class and will not exceed
1.50% per annum of the Net Asset Value of the fund that is attributable to the specific
share class.

Fees for consulting investment services are negotiated separately and are dependent
on the nature, complexity, and services provided by SCM. Fees are fixed or based on
a percentage of the assets under management and are paid in accordance with the
executed service agreements.

Specific fee arrangements with investment partnership clients are described below.

Stirling Partners (“Stirling”)

SCM charges Stirling an annual management fee of 1.00%, assessed quarterly based
on each limited partner’s capital account balance as of the close of the preceding
quarter. If an account is terminated during a quarter, any prepaid but unearned
management fees will be refunded. For partial withdrawals made on dates other than
the last day of a quarter, previously paid management fees are not refunded; instead,
any applicable fee adjustment will be reflected in the subsequent quarter’s billing.
SCM does not charge Stirling a performance-based fee.

General Information on Fees

SCM believes that its fees are competitive with fees charged by other investment
advisers for comparable services, but comparable services could be available from
other sources for lower fees than those charged by SCM.

Fees are charged pursuant to a client’s written agreement with SCM. Except as
otherwise agreed to and identified in the client agreement, fees are payable by
individually managed accounts in advance at the beginning of each quarter. Clients
elect to be billed directly for fees, authorize SCM to directly debit fees from client
accounts, or elect an alternate payment method upon inception of the client account.
Accounts initiated or terminated during a calendar quarter will be charged a prorated
fee. Upon 30 days written notice of termination, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable.

SCM’s fees are exclusive of brokerage commissions, transaction fees and other related
costs and expenses which shall be incurred by the client. Clients will incur certain
charges imposed by custodians, brokers, and other third parties such as brokerage
commissions, transaction fees, custodial fees, transfer taxes, wire transfer fees, and
other fees and taxes charged to brokerage accounts and securities transactions, which
are unrelated to the fees collected by SCM. (Item 12 provides more information on
SCM’s brokerage practices).

Expenses

Each account is responsible for its own costs and expenses, including trading costs
and expenses (such as brokerage commissions, expenses related to short sales, and
clearing and settlement charges), ongoing legal, accounting, tax preparation and
bookkeeping fees and expenses, and the fees and expenses charged by any fund
administrator for its accounting, bookkeeping and other services. SCM bears its own

operating, general, administrative, and overhead costs and expenses, other than the
expenses described above.

Item 7 – Types of Clients

SCM provides discretionary investment services to high-net-worth individuals,
trusts, endowment funds, charitable organizations, foundations, pension and profit-
sharing plans, state and municipal government entities, sovereign funds,
corporations, corporate pensions, Taft-Hartley plans, insurance companies, and other
businesses, and to investment limited partnerships.

SCM has been retained to be the investment manager for a Collective Investment Trust
(CIT) and manages the portfolio in the same manner as other accounts in the
small/mid-cap strategy.

SCM is also the sub-adviser to a fund called the HC Snyder U.S. All Cap Equity Fund,
which is regulated by the Central Bank of Ireland as a UCITS pursuant to the UCITS
Regulations.

SCM provides non-discretionary services to other investment managers in the form
of model portfolios.

The minimum account size for all separate accounts is ten million dollars
($10,000,000); however, SCM has in the past and may in the future, agree to manage
separate accounts below the stated minimum account size. One million dollars
($1,000,000) is the minimum for partners investing in the limited partnership
managed by SCM. SCM requires such limited partners to make representations
concerning their sophistication as investors and their ability to bear the risk of loss of
their entire investment under SCM’s management.

When SCM provides investment advice to an ERISA client regarding the client’s
retirement plan account or individual retirement account, SCM is a fiduciary within the
meaning of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable. SCM’s revenue model can create potential conflicts with

client interests. To address this, SCM operates under a special rule requiring us to act
in our clients’ best interests and never place our own interests ahead of theirs.