0000928816-08-000249 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds Sub-Management Contract • February 28th, 2008 • Putnam Utilities Growth & Income Fund

This Sub-Management Contract is dated as of August 3, 2007 between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”) and PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (the “Sub-Manager”).

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PUTNAM UTILITIES GROWTH AND INCOME FUND DISTRIBUTOR’S CONTRACT
Putnam Utilities Growth and Income Fund • February 28th, 2008 • Putnam Utilities Growth & Income Fund

Distributor’s Contract dated August 3, 2007, by and between PUTNAM UTILITIES GROWTH AND INCOME FUND, a Massachusetts business trust (the “Fund”; each reference in this Contract or in the Terms and Conditions defined below to “a Fund” or “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), and PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Putnam”).

PUTNAM UTILITIES GROWTH AND INCOME FUND MANAGEMENT CONTRACT
Putnam Utilities Growth and Income Fund Management Contract • February 28th, 2008 • Putnam Utilities Growth & Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM UTILITIES GROWTH AND INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

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