EXHIBIT A

MULTIPLE CLASS PLAN

ADVISORS SERIES TRUST

on behalf of the funds managed by

Scharf Investments, LLC

(as amended on December 3, 2015 to add the Scharf Alpha Opportunity Fund)

Fund Name:

Scharf Fund

Scharf Balanced Opportunity Fund

Scharf Global Opportunity Fund

Scharf Alpha Opportunity Fund

Share Class	Minimum Investment1	Maximum Initial Sales Charge	Maximum CDSC	Maximum 12b-1 Fee	Maximum Shareholder Servicing Fee	Redemption Fee
Investor Class	Regular Accounts - $10,000 Retirement  Accounts - $5,000	None	None	None	0.10%	Varies by Fund
Retail Class	Regular Accounts - $10,000 Retirement Accounts - $5,000	None	None	0.25%	0.10%	Varies by Fund
Institutional Class	$5,000,000	None	None	None	0.10%	Varies by Fund

1The Advisor may waive the minimum initial investment in certain circumstances; please see the Funds’ Prospectus.

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