Common use of PERFORMANCE INCENTIVE ADJUSTMENT Clause in Contracts

PERFORMANCE INCENTIVE ADJUSTMENT. In addition to an asset charge, the fee for certain of the funds, as noted in the chart below, shall include a performance incentive adjustment (“PIA”). The performance incentive adjustment shall be based on the Fund’s performance compared to an index of similar funds (the “PIA Index”). Current PIA Indexes are shown below. These PIA Indexes may change as set forth below. Fund PIA Index Investment Category Columbia Diversified Equity Income Fund Lipper Equity Income Funds Index Equity Columbia Dividend Opportunity Fund Lipper Equity Income Funds Index Equity Columbia Emerging Markets Opportunity Fund Lipper Emerging Markets Funds Index Equity Columbia European Equity Fund Lipper European Equity Funds Index Equity Columbia Global Extended Alpha Fund MSCI All Country World Index Equity Columbia Large Core Quantitative Fund Lipper Large-Cap Core Funds Index Equity Columbia Large Growth Quantitative Fund Lipper Large-Cap Growth Funds Index Equity Columbia Mid Cap Value Opportunity Fund Lipper Mid-Cap Value Funds Index Equity Columbia Multi-Advisor Small Cap Value Fund Lipper Small-Cap Value Funds Index Equity Columbia Recovery and Infrastructure Fund S&P 500 Index Equity Columbia Strategic Allocation Fund Lipper Flexible Portfolio Funds Index Balanced

PERFORMANCE INCENTIVE ADJUSTMENT. In addition to an asset charge, the fee for certain of the funds, as noted in the chart below, shall include a performance incentive adjustment (“PIA”). The performance incentive adjustment shall be based on the Fund’s performance compared to an index of similar funds (the “PIA Index”). Current PIA Indexes are shown below. These PIA Indexes may change as set forth below. Fund PIA Index Investment Category Columbia 120/20 Contrarian Equity Fund Xxxxxxx 3000 Index Equity Columbia Asia Pacific ex-Japan Fund Xxxxxx Xxxxxxx Capital International All Country Asia Pacific ex-Japan Index Equity Columbia Diversified Equity Income Fund Lipper Equity Income Funds Index Equity Columbia Dividend Opportunity Fund Lipper Equity Income Funds Index Equity Columbia Emerging Markets Opportunity Fund Lipper Emerging Markets Funds Index Equity Columbia Equity Value Fund Lipper Large-Cap Value Funds Index Equity Columbia European Equity Fund Lipper European Equity Funds Index Equity Columbia Global Extended Alpha Fund MSCI All Country World Index Equity Columbia Large Core Quantitative Fund Lipper Large-Cap Core Funds Index Equity Columbia Large Growth Quantitative Fund Lipper Large-Cap Growth Funds Index Equity Columbia Mid Cap Growth Opportunity Fund Lipper Mid-Cap Growth Funds Index Equity Columbia Mid Cap Value Opportunity Fund Lipper Mid-Cap Value Funds Index Equity Columbia Multi-Advisor International Value Fund Lipper International Multi-Cap Value Funds Index Equity Columbia Multi-Advisor Small Cap Value Fund Lipper Small-Cap Value Funds Index Equity Columbia Recovery and Infrastructure Fund S&P 500 Index Equity Columbia Strategic Allocation Fund Lipper Flexible Portfolio Funds Index Balanced

PERFORMANCE INCENTIVE ADJUSTMENT. In addition to an asset charge, the fee for certain of the funds, as noted in the chart below, shall include a performance incentive adjustment (“PIA”). The performance incentive adjustment shall be based on the Fund’s performance compared to an index of similar funds (the “PIA Index”). Current PIA Indexes are shown below. These PIA Indexes may change as set forth below. Investment Fund PIA Index Investment Category Columbia Diversified Equity Income Fund Lipper Equity Income Funds Index Equity Columbia Dividend Opportunity Fund Lipper Equity Income Funds Index Equity Columbia Emerging Markets Opportunity Fund Lipper Emerging Markets Funds Index Equity Columbia Equity Value Fund Lipper Large-Cap Value Funds Index Equity Columbia European Equity Fund Lipper European Equity Funds Index Equity Columbia Global Extended Alpha Fund MSCI All Country World Index Equity Columbia Large Core Quantitative Fund Lipper Large-Cap Core Funds Index Equity Columbia Large Growth Quantitative Fund Lipper Large-Cap Growth Funds Index Equity Columbia Mid Cap Value Opportunity Fund Lipper Mid-Cap Value Funds Index Equity Columbia Multi-Advisor Small Cap Value Fund Lipper Small-Cap Value Funds Index Equity Columbia Recovery and Infrastructure Fund S&P 500 Index Equity Columbia Strategic Allocation Fund Lipper Flexible Portfolio Funds Index Balanced