Dexion Absolute AUD (Ordinary Share) DABA

Objective:

Management Contract & Fees:

Dexion Capital Limited is remunerated at a monthly rate of 0.125% of the Total Assets of the Company for the provision of investment management services. Additionally, provided that (i) the value of the total assets of the Fund at the end of one financial period is at least 103% of the value of total assets at the end of the previous financial period and (ii) the value of those total assets is greater than the value of total assets at the end of any previous financial period, the Manager will be entitled to a performance fee paid annually in arrears equivalent to 10% of the amount by which the value of the year end total assets exceeds the greatest value of the total assets at the end of any previous financial period (subject to a maximum fee in any one period of 4% of the value of total assets at the end of the relevant period). This contract is terminable on twelve months notice. Northern Trust International Fund Administration Services (Guernsey) Limited provides administration and secretarial services to the Company. The Administrator is also responsible for the Companys general administrative functions. The Administrator receives an annual fee at the rate of 0.06% of NAV up to GBP 75 million, 0.05% of NAV between GBP 75 million and GBP 125 million, 0.04% of NAV between GBP 125 million and GBP 250 million, 0.03% of NAV between GBP 250 million and GBP 500 million, 0.025% of NAV between GBP 500 and GBP 750 million and 0.02% of NAV over GBP 700 million and subject to a minimum fee of GBP 50,000 per annum. The Administration and Secretarial Agreement is terminable by either side on three months notice expiring on any half year or full year reporting date or earlier in certain specified circumstances.