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Minimum Initial Investments Eligibility to Purchase Shares Purchasing Shares Exchanging Shares Redeeming Shares Receiving Redemptions What To Do When You….? Redemption Fees Distributions Class I versus Class II Shares Medallion (Signature) Guaranteed Letters Communications from Oakmark Minimum Initial Investments: To purchase shares, the following investment minimums apply:   Type of Account Initial Investment Per Fund Subsequent Investment Per Fund Regular account $1,000 $100 Traditional or Roth IRA $1,000 $100 SIMPLE IRA Determined on a case-by case-basis Determined on a case-by case-basis Coverdell ESA $500 $100 Automatic Investment Plan or Payroll Deduction Plan * $500 $100 * Regular accounts, Traditional and Roth IRAs may be opened with an initial investment of $500 if the account includes an Automatic Investment Plan or Payroll Deduction Plan with subsequent investments of at least $100 on a monthly or quarterly basis. The Automatic Investment Plan may be terminated at the shareowner's discretion once the account has met the $1,000 initial minimum investment. ^ Top ^ Eligibility to Purchase Shares The Oakmark Funds are available for purchase by residents of the U.S., the U.S. Virgin Islands, Puerto Rico, and Guam only. ^ Top ^ Purchasing Shares To find out how to open a new account with Oakmark, please view our step-by-step guide in Open an Account. After opening your Oakmark account, you can conveniently make subsequent purchases via a variety of methods. Online If you're a current Oakmark shareholder and have provided us with bank instructions, you can make secure online purchases in My Account. If you currently do not have bank information on your account, you may add it via our Shareholder Services Form, found in Forms. By Phone To make purchases via telephone, you must have previously provided us with your bank information. Call 1-800-OAKMARK and use the convenient speech recognition system or speak with an investor representative. If you currently do not have bank information on your account, you may add it via our Shareholder Services Form, found in Forms. By Mail Simply complete the remittance slip attached at the bottom of one of your confirmation statements and mail it, along with your check, in the envelope enclosed with your statement. If you do not have the slip attached to the bottom of your statement, simply include a letter of instruction containing your account number, account registration, and mailing address with your additional investment check. Mail it to The Oakmark Funds, P.O. Box 219558, Kansas City, MO 64121-9558. For retirement accounts, please indicate on the remittance slip which type of contribution you're making and the contribution year. By Wire Instruct your bank to transfer funds to State Street Bank & Trust Company, ABA#011000028, DDA# 9904-632-8. Specify the Fund name, your account number, and the registered account name(s) in the instructions. By Automatic Investment Through our Automatic Investment Plan, you can conveniently purchase a fixed dollar amount on a regular basis. Your initial investment must be at least $500 and your subsequent investments at least $100. You can also set up a Payroll Deduction Plan, which allows you to purchase shares of a Fund on a regular basis by instructing your employer to deduct a specified dollar amount from your paycheck. Initial investment must be at least $500 and subsequent investments at least $100. Fill out a Payroll Deduction Application (available on-line in the Forms section) or call 1-800-OAKMARK for more information. ^ Top ^ Exchanging Shares At certain times, you may want to exchange shares of one Oakmark fund to another. You can do so using any of the following options. Online Go to the My Account section to make exchanges between Funds online. By Phone Call 1-800-OAKMARK and use the convenient speech recognition system or speak with an investor representative to exchange between Funds. By Mail Send a letter of instruction: indicate your name, the name of the Fund, the account number from which you wish to redeem shares, and the name of the Fund and the account number into which you wish to buy shares; specify the number of shares or dollar amount to be exchanged; and provide signatures in ink of all account owners exactly as their names appear on the account registration. Mail the request to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 An exchange transaction is a redemption of shares and purchase of shares for federal income tax purposes and may result in a capital gain or loss. An exchange may result in a 2% redemption fee on shares held for 90 days or less. ^ Top ^ Redeeming Shares Please see Receiving Redemptions in order to learn about the various ways the proceeds from your redemption can be sent to you. Shares purchased by check, telephone, or an Automatic Investment Plan may not be available for up to 10 days from the date of purchase to allow for your purchase check to clear. Please note that, each Oakmark Fund imposes a 2% redemption fee on redemptions of shares held for 90 days or less. You can request redemptions of part or all of your account via the following methods: Online Log on to the My Account section to make redemptions online. If you have provided us with bank instructions, you can make redemptions to your personal bank account. If you currently do not have bank information on your account, you may add it via our Shareholder Services Form, found in Forms. Please note that we require a Medallion (Signature) Guaranteed letter if you want the redemption proceeds to be transmitted to a bank account not previously desginated on the account. By Phone Call 1-800-OAKMARK and use the convenient speech recognition system or speak with an investor representative to sell shares. By Mail Send a letter of instruction: indicate the name of the Fund and the account number from which you wish to redeem shares; specify the number of shares or dollar amount to be redeemed; and provide signatures in ink by all account owners exactly as their names appear on the account registration. Mail the request to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 By Systematic Withdrawal You may systematically redeem a fixed dollar amount or share amount on a regular basis by electing to do so the Shareholder Services Form (available on-line in the Forms section). For more information, call 1-800-OAKMARK. ^ Top ^ Receiving Redemptions Please note that shares purchased by check, telephone, or an Automatic Investment Plan may not be available for up to 10 days from the date of purchase to allow for your purchase check to clear. By Check Redemption proceeds will be sent to you at your address of record within seven business days of an approved transaction. There is no charge for this service. If you would like the check sent via overnight courier, you will be charged a fee of $17.50. By Electronic Transfer Redemption proceeds can be transferred electronically from your Oakmark account to your specified bank account. You may provide bank information on your new account application, or add it to an existing account via the Shareholder Services Form, available in Forms. There is no fee for this service. Please note that we require a Medallion (Signature) Guaranteed letter if you want the redemption proceeds to be transmitted to a bank account not previously designated on the account. By Wire Redemption proceeds can be wired directly from your Oakmark account to your specified bank account. You may provide bank information on your new account application, or you can add it to an existing account via the Shareholder Services Form, available in Forms. Please note that we require a Medallion (Signature) Guaranteed letter if you want the redemption proceeds to be transmitted to a bank account not previously designated on the account. The redemption proceeds must be at least $250, and you will be charged a wire transfer fee of $5. Please note that your bank may also charge an incoming wire fee. ^ Top ^ "What to do when you..." Move Please register your address change with us. We will mail a confirmation statment to your old and new address. Please note that for 30 days after we receive your change of address, you will only be able to redeem shares by means of a Medallion (Signature) Guaranteed letter. There are three different ways for you to make your address change: Online Log on to My Account and choose Change Address. By Phone Call 1-800-OAKMARK and speak with an investor representative. By Mail You can change your address by sending the Shareholder Services Form, which is available in the Forms section, to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 Get Married If you would like to change your name on your account, please send a Name Change Request Form to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 If you would also like to change your account to joint ownership, in addition to changing your name, please include a Medallion (Signature) Guaranteed letter of instruction and a New Account Registration Form with your Name Change Request Form. Have a Child You may want to consider opening an account that could provide special benefits to your child, such as a Coverdell Education Savings Account or Uniform Transfer to Minors Act (UTMA) / Uniform Gift to Minors Act (UGMA) account. You may also want to add your child as a beneficiary to your Oakmark IRA account. You can do so through the Change of Beneficiary form, which is available on-line in the Forms section. Change Account Ownership If for any reason you would like to change your account ownership, you must send a Medallion (Signature) Guaranteed Letter and New Account Registration Form to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 Change Banks If you change banks, be sure to register your new bank information with Oakmark. You can do so via the Shareholder Services Form, which is available on-line in the Forms section. Providing your bank information to Oakmark allows you to make certain transactions via the telephone or online. Please note that we require a Medallion (Signature) Guaranteed Letter if you are adding or updating your bank information and the names on the voided check are NOT IDENTICAL to the names on the Fund account registration. Change Jobs If you are changing jobs and have an employer-sponsored retirement plan, consider rolling it over into an IRA. A rollover IRA preserves the tax-deferred status of your assets and allows you to choose the investments you want. To roll over an account from your former employer's retirement plan, please review the IRA Disclosure Statement and Custodial Agreement, which can answer questions about your rollover IRA. Next, read the Prospectus to determine the Fund or Funds in which you'd like to invest. Then, complete the IRA Application and the IRA Transfer of Assets forms and send them to us. We will contact your former employer. If you currently use Payroll Deduction as a feature on your account and you change jobs, simply send a new Payroll Deduction form, which is available in Forms, to: Via Regular Mail: The Oakmark Funds P.O. Box 219558 Kansas City, MO 64121-9558   Via Overnight Delivery: BFDS - The Oakmark Funds 330 West 9th Street Kansas City, MO 64105-1514 Are Retiring or Approaching Retirement After years of hard work, retirement can be an exciting time. To ensure that the assets you've accumulated during your work years remain tax-deferred, it's important to roll those assets over into an IRA. A Rollover IRA retains the tax-deferred status of those assets and also allows you to select the investments you want. First, please review the IRA Disclosure Statement and Custodial Agreement, which can answer questions about your rollover. Next, read the Prospectus to determine the Fund or Funds in which you'd like to invest. Then, complete the IRA Application and the IRA Transfer of Assets forms and send them to us. We will contact your former employer. ^ Top ^ Redemption Fees Each Fund (with the exception of The Oakmark Equity & Income Fund) imposes a short-term trading fee on redemptions of Class I Shares held for 90 days or less. The fee, 2% of the redemption value, is paid to each Fund and is deducted from the redemption proceeds. The "first-in, first-out" (FIFO) method is used to determine the holding period. The fee offsets two types of short-term trading costs: portfolio transaction and market impact costs associated with erratic redemption activity and administrative costs associated with processing redemptions. ^ Top ^ Distributions At least annually, each Oakmark fund distributes to its shareholders substantially all net investment income as dividends and any net capital gains realized from sales of the Fund's portfolio securities. Unless you request to have distributions paid to you by check, all of your income dividends and capital gain distributions will be reinvested in additional Fund shares. Checks that have not been presented for payment within six months or are returned as undeliverable will be reinvested in additional Fund shares. You may change your distribution option via the Shareholder Services Form, found in Forms. To learn more about distributions and taxation, please visit our Mutual Fund Tax Center in the Shareholder Services section. ^ Top ^ Class I versus Class II Shares Class I Shares of a Fund are offered to members of the general public, whereas Class II Shares of a Fund are offered to certain retirement plans, such as 401(k) and profit sharing plans. Such plans must have an agreement in place with the Funds for purchase of Class II Shares of a Fund to be available, and the procedures for buying and selling Class II Shares is governed by the terms of the retirement plan. Class II shares Ticker CUSIP Oakmark Fund OARMX 413838707 Oakmark Select Fund OARLX 413838806 Oakmark Equity and Income Fund OARBX 413838871 Oakmark Global Fund OARGX 413838848 Oakmark International Fund OARIX 413838863 Oakmark Intl. Small Cap Fund OAREX 413838855 If you are a holder of Class II Shares of a Fund, your 401(k) or other retirement plan will provide shareholder services to you as required in accordance with your plan agreement. You should contact your plan sponsor or service provider for information about the services available to you under the terms of your plan. ^ Top ^ Medallion (Signature) Guaranteed Letter A medallion (signature) guarantee is a method of verification that is necessary for certain service requests. You should be able to obtain a medallion (signature) guarantee from a bank, securities broker-dealer, credit union, securities exchange or association, clearing agency, or saving association. Please note that this signature verification method is different from having your signature notarized. We require a medallion (signature) guarantee if you are adding or updating your bank information and the names on the voided check are NOT IDENTICAL to the names on the the Fund account registration. Your request to redeem your Fund shares must include a medallion (signature) guarantee if: Your account registration has been changed within the last 30 days. The redemption check is to be mailed to an address different from the one on your account. The redemption check is to be made payable to someone other than the registered account owner. You are instructing Oakmark to transmit the proceeds to a bank account that you have not previously designated as the recipient of such proceeds. ^ Top ^ Communications from Oakmark As a shareholder, you will receive a confirmation statement reflecting each of your purchases and sales of shares in the Funds, changes in account services, as well as periodic statements detailing distributions made by the Funds. Shares purchased by reinvestment of dividends will also be confirmed to you quarterly. You will also receive periodic reports showing Fund portfolio holdings and annual tax information. Subscribe to Oakmark Email Updates by providing us with your email address below. You'll be one of the first to find out about portfolio manager commentary -- posted just days after each quarter end -- as well as important fund updates and recent news articles. Email Address   We set high standards for the information we send, and do not give anyone else access to your email address. ^ Top ^