EX-FILING FEES

Calculation of Filing Fee Tables

SC TO-I

(Form Type)

PIMCO Municipal Income Fund III

(Exact Name of Registrant as Specified in its Charter)

Table 1 to Paragraph (a)(7)

	Transaction Valuation		Fee rate		Amount of Filing Fee
Fees to Be Paid		126,836,500 (a)		147.60		18,721.07(b)
Fees Previously Paid		N/A				0.00
Total Transaction Valuation		126,836,500(a)
Total Fees Due for Filing						18,721.07
Total Fees Previously Paid						0.00
Total Fee Offsets						0.00
Net Fee Due						18,721.07

(a) Calculated as the aggregate maximum purchase price to be paid for 5,177 shares in the offer, based upon a price of 98% of the liquidation preference of $25,000 per share (or $24,500 per share).

(b) Calculated at $147.60 per $1,000,000 of the Transaction Valuation.

Table 2 to Paragraph (a)(7)

Registrant or Filer Name

Form or Filing Type

File Number

Initial Filing Date

Filing Date

Fee Offset Claimed

Fee Paid with Fee Offset Source

Fee Offset Claims

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Fee Offset Sources

N/A

N/A

N/A

N/A

N/A

N/A

N/A