0000928816-09-000264 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds Sub-Management Contract • February 27th, 2009 • Putnam Global Utilities Fund

This Sub-Management Contract is dated as of May 15, 2008, 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 FUNDS SUB-ADVISORY CONTRACT
Putnam Funds Sub-Advisory Contract • February 27th, 2009 • Putnam Global Utilities Fund

This Sub-Advisory Contract is dated as of May 15, 2008 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”).

PUTNAM UTILITIES GROWTH AND INCOME FUND AMENDMENT NO. 1 to AGREEMENT AND DECLARATION OF TRUST
Putnam Utilities Growth And • February 27th, 2009 • Putnam Global Utilities Fund • Massachusetts

This instrument may be executed in several counterparts, each of which shall be deemed an original, but all taken together shall constitute one instrument.

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