Viburnum Funds PTY Ltd

ITEM 5. FEES AND COMPENSATION

In general, Viburnum receives a management fee and, potentially, performance-based fees in
connection with its investment management and advisory services. Investors in the funds Viburnum
manages also bear certain fund expenses, as set forth in the fund’s Offering Documents.

The public equity focused funds generally pay Viburnum, in arrears, an annual management fee
calculated at a percentage per annum of the prevailing Net Asset Value (“NAV”) of the fund before
the deduction of any accrual in respect of the performance fees. The fees are calculated and paid in
arrears (typically within 30 days of the end of the month in which it accrues) based on the prevailing
NAV (or that proportion of NAV related to which the relevant class, where applicable) as of the last
day of the month before the month in which it accrues. Certain funds will also pay a performance
fee at the end of each Financial Year in which a fund’s performance exceeds a performance hurdle
(the “High Water Mark”), which is set by reference to the NAV, where such High Water Mark and
the relevant performance fee are specified in the relevant Offering Documents for the applicable
fund. To the extent that Viburnum charges a performance-based fee, the performance-based fee
will comply with the requirements of Section 206 and Rule 205-3 under the Investment Advisers
Act of 1940, as amended (the “Advisers Act”).

Viburnum may, in its sole discretion, waive, rebate or reduce the fees in respect of any particular
Client, investor or to all investors in a fund, generally.

The funds will bear the regular and normal expenses that are allocated to it under the Offering
Documents for the particular fund. Viburnum may enter into agreements or advisory relationships
where it may agree to bear all or a portion of certain of the operating and management expenses
related to such fund or investment vehicle. Such agreements do not apply to other investment
vehicles or management agreements of the Adviser and operating and management expenses may
not be borne by the Adviser with respect to other funds.

ITEM 7. TYPES OF CLIENTS

Viburnum provides investment management and advisory services to pooled investment vehicles
and separately managed accounts. The investors in Viburnum’s funds include a variety of investors,
including foundations, endowments, family offices, and other investment entities. Viburnum’s
funds have minimum investment amounts.