PRIVATE BANKING FEE SCHEDULE - Pictet

PRIVATE BANKING FEE SCHEDULE

PICTET & CIE (EUROPE) SA, NIEDERLASSUNG DEUTSCHLANDMARCH 2022

CONTENTS

1 Introduction2 Custody4 Transactions

–Bondsandpreciousmetals –Equities,warrantsandETFs –Funds –Derivativesandstructuredproducts8 Advisorymandates9 Discretionarymandates10 Additionalinformation11 Otherserviceschargedseparately

PRIVATE BANKING – FEE SCHEDULE 1

INTRODUCTION Asaspecialisedinvestment-ledservicecompany,wearesolelydedicatedtowealthmanagement,assetmanagementandassetservicing.Asintegrityandrespectforourclientshavebeencorevaluesforussincetheveryoutset,ourfeeschedulehasbeenformulatedsoastobeastransparentaspossible.

Ourfeestructurehasthreelayers:custody,basedonassetsunderadministrationatPictet;transactions,basedontheinvestmentoperationsmadeontheportfolio;andmandates,basedonthetypeofportfoliomanagementapplied.

Custodyformsthecornerstoneofallprivatebankingservices.Itencompassesalltheservicesnecessaryfortheadministrationofaninvestmentportfolio:book-keeping,settlement,dividendandcouponincomecollection,multi-sourcepricing,corporateactions,valuationstatements,etc.

Pictetprovidestradeexecutioninover80marketsandcoversallassetclasses,withprioritybeinggiventobestpossibleexecution.

Pictetofferstwobroadcategoriesofmandate:advisoryanddiscretionary.AdvisorymandatesaredesignedforclientswhowishtomanagetheirinvestmentportfoliothemselveswithguidancefromPictet.Discretionarymandatesaredesignedforclientswhoprefertodelegatefullythemanagementoftheirassetstous.

CUSTODY

TRANSACTIONS

MANDATES

2 PRIVATE BANKING – FEE SCHEDULE

CUSTODY Custodyisthecornerstoneofallprivatebankingservices.Thereisnopointindiscussingportfolioriskifthestabilityandsecurityofcustodyareinquestion.Pictetisrecognisedasoneofthebestcustodiansintheworld,onaccountofitsfinancialsolidity,confidentialityandoperationalexcellence.

TheaccountmaintenancefeeisaquarterlyamountofEUR400peraccount.Thisfeecoversthestandardaccountservices,themaintenanceof

ACCOUNT MAINTENANCE FEE accountsaswellasanarrayofadditionalservices,availableonrequest.Anythird-partyfeesarechargedontop.

STANDARD SERVICES

Current accounts

Margin accounts for traded options and futures

Financial statements and advices

TRANSFERS & PAYMENTS (ON REQUEST)

Internal transfers

Standing orders (wire fees excluded if applicable)

Incoming funds / securities

SWIFT / SIC copies

Investigations (up to one year)

OTHER SERVICES (ON REQUEST)

Pictet Connect

Wealth App

Pictet publications

REPORTS & MAILINGS (ON REQUEST)

Financial statements – monthly, quarterly

Investment management report (via Pictet Connect)

Tax statement (country dependent)

Additional mailing instructions

SERVICES INCLUDED IN THE ACCOUNT

MAINTENANCE FEE

AcustodyfeeischargedondepositsheldonaccountsdenominatedinEUR.Thefeetakesintoaccounttheexemptedamountssetoutbelowandtheexemp-tionfordiscretionarymandates,iftheEuropeanCentralBank(ECB)appliesnegativeinterestratesondeposits.AcustodyfeeisthereforepayableonclientdepositsinEURiftheECB’sinterestrateonits“depositfacility”isnegative.1)

AcustodyfeeischargedtoclientswhodonothaveaPictetcustodyaccountondepositsexceedingEUR100,000.For

clientswhoholdatleastonesecuritiesaccountatPictet,thisexemptedamountisEUR1,000,000.

Depositsbookedonaccountsthatareusedforsettlingdiscretionarymandatesarenotincludedinthecalculationofthecustodyfee.Therefore,asarule,nocustodyfeeischargedfordepositsonsuchaccounts.

CUSTODY FEE

1) Themethodusedtocalculatethecustodyfeeisasfollows:IftheECBappliesanegativeinterestratefortheso-called“depositfacility”,clientswillpayacustodyfeetoPictet-forthesameperiodastheonesetbytheECB.Ineachcase,thefeethatischargedwillbecalculatedusingthepositivepercentageratewhichcorrespondstothenegativeinterestrateappliedbytheECB.Therefore,iftheECBappliesanegativeinterestrateof-0.5%p.a.ondeposits,thecustodyfeewillamountto0.5%p.a.ontherespectivedeposit,lesstheapplicableexemptedamount,andtakingintoaccounttheexemptionfordiscretionarymandates.IftheECBchangestherelevantreferencevalue,thecustodyfeewillchangeonebankbusinessdaythereafterinFrankfurtamMain.


ADMINISTRATION FEE Theadministrationfeeisbasedontheassetsundercustodyandisdebitedonaquarterlybasis.ThisadministrationfeecoversPictetcustody,dividendandcouponincomecollection,corporateactionsandothercustody-relatedactivities.

Anythird-partycustodyfeesaredebitedseparately.

ASSETS (IN EUR) ANNUAL RATE

UP TO 5,000,000 0.34%

UP TO 10,000,000 0.32%

UP TO 15,000,000 0.30%

UP TO 25,000,000 0.28%

UP TO 50,000,000 0.26%

ABOVE ON REQUEST

The annual rate is an effective rate based on the average end of month portfolio values at market value.

CUSTODY(CON TINUED)


TR ANSACTIONS Pictetprovidestradeexecutioninover80marketsandcoversallassetclasses.Transactionstakeplaceinaprompt,reliableandefficientmanner,followingbestexecutionprinciples,andintegrateallaspectsofthetradingprocess:orders,execution,settlementandreporting.

Inadditiontothehandlingfee,abrokeragefeeischargedforservicesaroundtransactions,suchasorderinception,mediationandprocessing.Theyarecalculatedbasedonthesizeofthetransaction,includingpartialexecution.ThisfeecoversPictetfees,executionsfees,stockexchangesaccess,settlementfees,etc.

BROKERAGE FEE Thereisnobrokeragefeefortradesontimedeposits,moneymarketfunds,orshort-termbonds.

AhandlingfeeofEUR50isdebitedforeachsecuritytransaction.Itisalsochargedforanypartialexecution.ThisfeecoversPictet’shandlingcostsforeachtrade.

Formoneymarketfundsandshort-termbonds(i.e.withcontractualmaturitylowerthan12months),thehandlingfeeisdebitedonlyonpurchaseorsubscription.

Fortransactionsontimedeposits,thehandlingfeeisdebitedonlywhentheinterestisreceived.

Forcalldeposittransactions(2days’notice),ahandlingfeeofEUR20ischargedonamonthlybasis.

HANDLING FEE


BONDS AND PRECIOUS METALS

EQUITIES, WARRANTS AND ETFsTRANSACTION (IN EUR) INTERNATIONAL MARKETS EMERGING MARKETS

UP TO 250,000 0.70% 1.15%

UP TO 500,000 0.60% 1.00%

UP TO 1,000,000 0.50% 0.85%

UP TO 3,000,000 0.40% 0.70%

ABOVE 0.30% 0.55%

The list of markets covered in the categories “International markets” and “Emerging markets” can be found on page 10 under Additional information.

TRANSACTION (IN EUR) PRECIOUS METALS BONDS

UP TO 250,000 0.30% 0.40%

UP TO 500,000 0.25% 0.35%

UP TO 1,000,000 0.20% 0.30%

UP TO 3,000,000 0.15% 0.25%

ABOVE 0.10% 0.20%

TR ANSACTIONS (CON TINUED)


Transactionsinoptionsandstructuredproductsarechargedaccordingtothebondsschedule.ThebrokeragefeeonfinancialfuturesisEUR35percontract.Forderivatives,executionfees,settlementfeesandothercostsofthirdpartiesarechargedinaddition.

FUNDS

DERIVATIVES AND STRUCTURED PRODUCTS

TRANSACTION (IN EUR)BOND

FUNDSEQUITY FUNDS

ALTERNATIVE FUNDS

UP TO 250,000 0.40% 0.80% 1.20%

UP TO 500,000 0.35% 0.70% 1.05%

UP TO 1,000,000 0.30% 0.60% 0.90%

UP TO 3,000,000 0.25% 0.50% 0.75%

ABOVE 0.20% 0.40% 0.60%

If applicable, third parties may apply front- or back-end loads on fund transactions up to 5% of the investment amount.

TR ANSACTIONS (CON TINUED)


ADVISORY MANDATES

AdvisorymandatesaredesignedforclientswhowishtomanagetheirowninvestmentportfoliowithguidancefromPictet.Wecanadviseyoueitheronspecificassetclassesoronportfolioconstruction.

Ouradvisoryserviceisdesignedtoprovideadviceonyourassets,eitherproactivelywithdailyinvestmentsuggestionsineveryassetclass,orreactively,byanalysingandprovidingadviceandourviewsonspecificinvestmentsyoumaybeconsidering.

ADVISORY MANDATE


UP TO 5,000,000 0.60%

UP TO 10,000,000 0.55%

UP TO 15,000,000 0.50%

UP TO 25,000,000 0.45%

UP TO 50,000,000 0.40%

ABOVE ON REQUEST


Advisoryfeesarechargedinadditiontothecustodyfeesdescribedonpages2and3.Theydonotincludetransactionfees.An“all-in”feemodelisavailableuponrequest.

AcustodyfeeischargedtoadvisorymandatesfordepositsthatexceedanexemptedamountofEUR1,000,000.


DISCRETIONARY MANDATES

Discretionarymandatesaredesignedforclientswhoprefertodelegatefullythemanagementoftheirassetstous.Oureconomists,marketanalysts,strategistsandinvestmentmanagersselecttheappropriateinvestmentstoachieveourclients’objectives.

Classicmulti-assetsmandatesofferachoiceofdifferentrisklevelsandreferencecurrencies.Eachportfoliohasastrategicassetallocationfoundedonlong-termobjectivesandatacticalassetallocationthatiscontinuallyadaptedtomeetchangingeconomicandfinancial-marketconditions.Classicmulti-assetsmandatescoverallassetclassesandcanbemanagedusingeitherdirectinvestmentssuchasspecificsecuritiesorotherfinancialinstruments,traditionaloralternativefundsoracombinationofboth.

Thefeechargedincludesadministration,managementandtransactionfees.

Executionandsettlementfees,togetherwithaccountmaintenanceandthird-partycustodyfees,arechargedontop.

Nocustodyfeeischargedfordepositsonaccountsusedtosettlediscretionarymandates.

A0.25%surchargeisleviedonclassicmulti-assetsmandateswithstronginvestmentconstraints,whichwouldrequireparticularcareandattentionfortheirimplementation.

Otherformsofdiscretionarymandatessuchasflexiblemulti-assets,singleassetclass,customisedarealsoavailable.Pleasecontactyourrelationshipmanagershouldyourequireanyadditionalinformation.

CLASSIC MULTI-ASSETS MANDATES


CONSERVATIVE MODERATE BALANCED DYNAMICUP TO 3,000,000 1.20% 1.25% 1.25% 1.35%

UP TO 5,000,000 1.10% 1.15% 1.15% 1.25%

UP TO 10,000,000 1.05% 1.10% 1.10% 1.20%

UP TO 15,000,000 0.90% 0.95% 0.95% 1.05%

UP TO 25,000,000 0.80% 0.85% 0.85% 0.95%

ABOVE ON REQUEST



• VAT• Taxes• Marginsonforeign-exchangeand

preciousmetaltransactionsfrom0.10%to1.50%,dependingonthetransactionamount,butirrespectiveofthecurrencypairorthepreciousmetal

• Margin(includingtheapplicableexecutionfees)of10bpsto100bpsonthebuy/sellquotewhensubscribing/redeemingunitsofeligiblefundsonthesecondarymarket(supplementaryinformationuponrequest)

• Feesforphysicaldeliveries

• Feesfromoursub-custodiansandforthemanagementofthisnetworkSurchargeof0.25%forphysicaldepositsofpreciousmetalsorsecurities

• Surchargeof1.50%formetalsaccountsingold(XAU),silver(XAG),platinum(XPT)andpalladium(XPD)

• Cashandsecuritytransfers–pleaserefertotheAddendumtotheFeeSchedule

• Anykindofthird-partyfees,unlessotherwisestipulated.

ADDITIONAL FEES AND TAXES WHERE APPLICABLE

CLASSIFICATION OF MARKETS

ADDITIONAL INFORMATION

Theterm“InternationalMarkets”atpresentcoversthefollowingmarkets:

Argentina,Australia,Austria,Belgium,Brazil,Canada,Cyprus,theCzechRepublic,Denmark,Estonia,Finland,France,Germany,Greece,HongKong,Hungary,Indonesia,Ireland,Israel,Italy,Japan,Kuwait,Latvia,Lithuania,Luxembourg,Malaysia,Mexico,theNetherlands,NewZealand,Norway,thePhilippines,Poland,Portugal,Russia,Singapore,SouthAfrica,SouthKorea,Spain,Sweden,Switzerland,Taiwan,Thailand,Turkey,theUnitedArabEmirates,UnitedKingdomandUnitedStates.

Theterm“EmergingMarkets”atpresentcoversthefollowingmarkets:

Bahrain,Bangladesh,Bulgaria,Chile,China,Colombia,Croatia,Egypt,India,Jordan,Lebanon,Morocco,Oman,Pakistan,Palestine,Peru,Qatar,Romania,SaudiArabia,Slovakia,Slovenia,SriLanka,Tunisia,UkraineandVietnam.

Marketsnotfeaturingonthetwolistsabovearesubjecttoaspecialfeeschedule.Pleasecontactyourrelationshipmanagershouldyourequireanyadditionalinformation.

Thelistsabovemaybeamendedatanytimewithoutnotice,dependingonprevailingmarketconditions.


OTHER SERVICES CHARGED SEPAR ATELY NON-E XHAUS TIVE L IS T

PHILANTHROPY

Advice on charity and philanthropy

Ceres umbrella foundation

Setting up a stand-alone foundation

WEALTH ARCHITECTURE

Family Office Services

Wealth planning

CUSTODY BANK AND FUND ADMINISTRATION SERVICES (ASSET SERVICING)

Wire transfers

Credit cards and card guarantees

Bank drafts issuance and cheque collection

Credit solutions and guarantees

Class action mandates

Tax reclaim and relief

Private fund structures

Ancillary private equity services

SPECIALISED REPORTING

Performance analysis

Asset statement and transactions

STAR report (Strategic Asset Reporting)

Wealsoofferanextensivearrayofotherservices,rangingfromassetmanagementtowealthmanagementinitsbroadestsense.Inthisrespect,theseadditionalservicesonofferwouldincludeservicessuchas:

DISCL AIMER

Thisbrochuresetsouttheaggregatedcostsandchargescorrespondingtoeachtypeofinvestmentservicesavailabletoretailandprofessionalclients.Whereapplicable,theclientmayrequestanitemisedbreakdownofcostsandchargesrelatedtotheinvestmentservices(tobe)providedtothem.Thepricesindicatedherearethoseapplicableatthetimeofpublication.Thisbrochureisintendedforinformationonlyandnotasarecommendation,offerorsolicitationofanofferinrelationtoanyinvestmentserviceorfinancialinstrument.

Theinformationcontainedinthisbrochureisconfidentialandmaybereadand/orusedonlybytheintendedrecipient.Pictet&Cie(Europe)S.A.isnotliablefortheuse,transmissionormodificationofthecontentofthisdocument.Therefore,anyformofreproduction,copying,disclosure,modificationand/orpublicationofthecontentisunderthesoleresponsibilityoftheaddresseeofthisdocument.

ThisdocumenthasbeenissuedbyPictet&Cie(Europe)S.A.,acompanyincorporatedunderLuxembourglaw,authorisedandregulatedbytheLuxembourgFinancialAuthority,CommissiondeSurveillanceduSecteurFinancier(CSSF).

TheGermanBranchofPictet&Cie(Europe)S.A.issupervisedbyCSSFandtheGermanFinancialAuthorityBundesanstaltfürFinanzdienstleistungsaufsicht(BaFin).Allrightsreserved.Copyright2022.

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