PUTNAM FUNDS SUB-ADVISORY CONTRACTPutnam Funds • October 27th, 2006 • Putnam International Equity Fund /Ma/
Sub-Advisory Contract dated as of July 14, 2006 between and among PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the "Manager"), PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales ("PIL"), and THE PUTNAM ADVISORY COMPANY, LLC, a Delaware limited liability company (the “Sub-Advisor”).
