0000928816-07-001486 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • October 26th, 2007 • Putnam Europe Equity 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 EUROPE EQUITY FUND DISTRIBUTOR’S CONTRACT
Putnam Europe Equity Fund Distributor’s Contract • October 26th, 2007 • Putnam Europe Equity Fund

Distributor’s Contract dated August 3, 2007, by and between PUTNAM EUROPE EQUITY 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 EUROPE EQUITY FUND MANAGEMENT CONTRACT
Putnam Europe Equity Fund Management Contract • October 26th, 2007 • Putnam Europe Equity Fund

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

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