Privileged Investors - BNP Paribas Investment Partners

Audit fees
The costs and expenses incurred with respect to audit fees vary each year and are paid
against presentation of an invoice from the auditor and are brought to the books of each Sub-
Fund on a pro-rata basis of their net assets. These fees are booked in the Profit and Loss
account.
MNF USD MNF EUR MDF USD MDF EUR
2008 USD 2.844 EUR 63.668 USD 161 EUR 5.696
2007 USD 5.448 EUR 109.486 USD 449 EUR 16.171
Fees 2007 as per
Prospectus
EUR 131.554
Fees credit facilities
From September 27, 2007, the Fund is granted a credit facility from Fortis Bank (Nederland)
N.V. which is secured by the Fund’s assets. Custody of the collateral required by the credit
facility is with Fortis Banque Luxembourg S.A.. The Fund agreed to pay to Fortis Bank
(Nederland) N.V. a commitment fee for providing the credit facility, which is as follows:
Credit Size Fee in bps Fee amount p.a. Max.cum.amount
EUR 0 - 10 mio 10.00 10.000 10.000
EUR 10 - 25 mio 7.50 11.250 21.250
EUR 25 - 50 mio 5.00 12.500 33.750
EUR 50 - 75 mio 3.50 8.750 42.500
EUR 75 -100 mio 2.00 5.000 47.500
EUR > 100 mio 0.50 to be agreed to be agreed
These fees are booked in the Profit and Loss account.
In addition, each Sub-Fund paid to Fortis Bank (Nederland) N.V. accrued interest on the
amounts drawn and outstanding under the credit facility at a floating interest rate per annum
equal to (i) Fortis Bank rate, plus (ii) the margin equal to 0.90% per annum for USD, GBP,
CHF and JPY respectively equal to (i) EONIA, plus (ii) the margin equal to 0.90% per annum
for EUR. These fees are booked in the Profit and Loss account.
From June 4, 2008 until December 31, 2008, the Fund is granted an uncommitted credit
facility from Fortis Bank (Nederland) N.V. which is secured by the Fund’s assets. Custody of
the collateral required by the credit facility is with Fortis Banque Luxembourg S.A.. As this is
an uncommitted facility, no commitment fees are due by the Fund to Fortis Bank (Nederland)
N.V..
Nevertheless each Sub-Fund paid to Fortis Bank (Nederland) N.V. accrued interest on the
amounts drawn and outstanding under the credit facility at a floating interest rate per annum
equal to (i) Fortis Bank rate, plus (ii) the margin equal to 0.90% per annum for USD, GBP,
CHF and JPY respectively equal to (i) EONIA, plus (ii) the margin equal to 0.90% per annum
for EUR.
The credit facility agreement granted to each Sub-Fund of the Sicav and the pledge
agreement in relation as well to each Sub-Fund of the Sicav were terminated with effect from
January 30, 2009.
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