ULTIMUS MANAGERS TRUST1
AMENDED APPENDIX A
DATED JULY 31, 2026
TO THE
MULTIPLE CLASS PLAN PURSUANT TO RULE 18F-3
(As Amended and Restated on August 23, 2022)
| Fund | Classes |
| Adler Value Fund* | Institutional Class |
| Blue Current Global Dividend Fund | Institutional Class |
| Blueprint Adaptive Growth Allocation Fund | Institutional Class |
| HVIA Equity Fund | Institutional Class |
| Lyrical U.S. Value Equity Fund | Investor Class |
| Institutional Class | |
| A Class | |
| C Class | |
| Lyrical International Value Equity Fund | Investor Class |
| Institutional Class | |
| Q3 All-Season Systematic Opportunities Fund | C Class |
| Institutional Class | |
| Q3 All-Season Total Return Fund | Institutional Class |
| Westwood Quality Value Fund | A Class |
| C Class | |
| Institutional Class | |
| Ultra Class | |
| Westwood Quality SmallCap Fund | A Class |
| C Class | |
| Institutional Class | |
| Ultra Class | |
| Westwood Alternative Income Fund | A Class |
| Institutional Class | |
| Ultra Class | |
| Westwood Income Opportunity Fund | A Class |
| C Class | |
| Institutional Class | |
| Ultra Class | |
| Westwood Multi-Asset Income Fund | A Class |
| Institutional Class | |
| Westwood Quality SMidCap Fund | Institutional Class |
| Ultra Class | |
| Westwood Real Estate Income Fund | A Class |
| Institutional Class | |
| Westwood Broadmark Tactical Growth Fund | A Class |
| C Class | |
| Institutional Class | |
| Westwood Salient MLP & Energy Infrastructure Fund | A Class |
| C Class | |
| Institutional Class | |
| Ultra Class | |
| Westwood Broadmark Tactical Plus Fund | A Class |
| F Class | |
| Institutional Class |
* Adler Value Fund is liquidating on August 20, 2026.
1 The following series of the Trust are not included in this Plan, because such series have not designated a Class of Shares:
| · | Lyrical U.S. Value Equity ETF; |
| · | Lyrical International Value Equity ETF; |
| · | Marshfield Concentrated Opportunity Fund; |
| · | Meehan Focus Fund; |
| · | Nia Impact Solutions Fund; |
| · | Q3 All-Season Active Rotation ETF; |
| · | Q3 All-Season Tactical Advantage ETF: |
| · | Wavelength Fund; |
| · | Westwood Enhanced Income Opportunity ETF; |
| · | Westwood Salient Enhanced Energy Income ETF; |
| · | Westwood Salient Enhanced Midstream Income ETF; and |
| · | Westwood Salient Enhanced Power & Infrastructure ETF. |