Delaware Management Company 2005 Market Street Philadelphia, PA 19103Investment Advisory Expense Limitation Agreement • March 30th, 2006 • Delaware Group Global & International Funds Inc
By our execution of this letter agreement (the "Agreement"), intending to be legally bound hereby, Delaware Management Company, a series of Delaware Management Business Trust (the "Advisor"), agrees that in order to improve the performance of the Delaware Global Value Fund and the Delaware International Value Equity Fund (together, the "Funds"), which are series of the Delaware Group Global & International Funds, the Advisor shall waive all or a portion of its investment advisory fees and/or reimburse expenses (excluding any Rule 12b-1 plan expenses, taxes, interest, brokerage fees, certain insurance costs and extraordinary expenses) in an aggregate amount equal to the amount by which each Fund's total operating expenses (excluding any 12b-1 plan expenses, taxes, interest, brokerage fees, certain insurance costs and extraordinary expenses) exceed the following total operating expense ratios (excluding any Rule 12b-1 plan expenses, taxes, interest, brokerage fees, certain insurance cost
