Franklin Templeton Investment Management Limited

Portfolio-Based Fees (Flat)

FTIML's standard fee schedules for Separate Account clients are set out below (normally calculated as a percentage of the value of assets under management, and typically calculated monthly or quarterly, or as agreed with each client). In some cases, fees will be negotiated or will be outside of the range provided below, including performance fees. Types of Mandates Standard Investment Advisory Fee Balanced (Global with Emerging Markets) 10 bps to 20 bps Balanced (Global/Regional Developed Markets) 8 bps to 15 bps Diversified Outcome Oriented 24 bps to 35 bps Emerging Markets Debt Corporate 30 bps to 52 bps Emerging Markets Debt Investment Grade 26 bps to 50 bps Emerging Market Debt Opportunities 40 bps to 70 bps Emerging Market Debt Opportunities Hard Currency 26 bps to 50 bps Euro Aggregate 20 bps to 35 bps Euroland Equity 40 bps to 70 bps European Aggregate Short Duration 15 bps to 30 bps European Corporate Bond 20 bps to 35 bps European Equity 40 bps to 70 bps European Equity All Cap Concentrated 40 bps to 70 bps European Government Bond 17.5 bps to 25 bps European Green Bond 20 bps to 30 bps European Long Short Equity 100 bps management fee plus 20% performance fee Global Aggregate Fixed Income (hedged and unhedged) 20 bps to 40 bps Global Government (hedged and unhedged) 20 bps to 40 bps Global Inflation Linked 20 bps to 40 bps Global Low Duration Fixed Income 15 bps to 30 bps Global Low Duration Fixed Income Income (Large Account Size) 12 bps to 15 bps Multi Asset Income 24 bps to 35 bps U.K. Aggregate Fixed Income 20 bps to 30 bps U.K. Equity 40 bps to 70 bps U.S. TIPS 15 bps to 30 bps