Sumitomo Mitsui DS Asset Management Singapore PTE Ltd

Item 5. Fees and Compensation

Our fees for discretionary investment management services provided to separate account clients are generally
based on an annualized percentage of the value of the assets supervised or managed and are subject to
negotiation based on the size of the account and the nature of the services provided. Our standard fee schedule
is set forth below:

  Fair Market Value of Investment Assets       Annual Rate
  Initial $50 million                          0.60%
  Next $50 million                             0.50%
  Balance over $100 million                    0.40%

These fees apply only to separate account clients. Fees for private funds or pooled investment vehicles advised
by, or offered through, our affiliates may differ from the schedule above.

Billing of Separate Account Fees

For most separate account clients, our management fee is billed quarterly in arrears, although alternative
arrangements may be negotiated. If an account terminates before the end of a billing period, the final fee is
pro-rated based on the number of days the account was managed.

Fees are paid either directly by the client or by the client’s custodian upon the client’s authorization. Our
investment management agreements do not grant us authority to bill fees directly to the custodian without client
instruction. In some cases, the custodian may calculate the fee or verify the accuracy of our billing.

Our fees do not include custodial fees, brokerage commissions, transaction costs, taxes, or other account-level
expenses incurred by clients. These costs are described under “Brokerage Practices.”

Item 7.     Types of Clients

As noted under “Advisory Business,” we provide advisory and fund management services to private
investment funds and institutional investors.