COMPANY PROFILE

Arif Habib Investment Management Limited is an Asset Management Company managing both open and closed-end mutual funds.  The company is registered with the Securities & Exchange Commission of Pakistan (SECP) and regulated under the Non-Banking Finance Companies (NBFC) Rules 2003.  Arif Habib Investments manages about Rs. 16.251 billion (USD 224.927 million) in 11 mutual funds as of 31st July 2008. The company was conceived in the year 2000 and in March 2002  two of its flagship funds, the Pakistan Stock Market Fund (PSM) and the Pakistan Income Fund (PIF) were launched.  In the year 2004 both of these  funds received the ‘Performance Excellence Award-2004’ presented by The Mutual Funds Association of Pakistan (MUFAP).  Arif Habib Securities Ltd (the parent company) has received the KSE's Top 25 Companies Award for the past 6 consecutive years.  Arif Habib’s closed-end fund the Pakistan Premier Fund Limited (PPFL) was also placed in KSE’s top 25 companies in 2005 and 2006.  Pakistan International Element Islamic Fund (PIIF) of Arif Habib Investments is the first mutual fund in the country with permission from the State Bank of Pakistan to also invest overseas. The current Ratings of AHIML by PACRA are: Entity Rating:                     A+ (Long Term) / A1(Short Term) Asset Manager Rating:     AM2 (Positive Outlook) Arif Habib Investments is an industry leader, setting international standards and bringing innovative products to market.  This is one of the fastest growing asset management companies in the country, with 8 open-end and 3 closed-end mutual funds and number of different investment plans to meet the investment needs of their growing clientele. Arif Habib Investment Management Limited is part of the Arif Habib Group, with Arif Habib Securities Limited (AHSL) as its main shareholder.  AHSL is a listed company with a capital and reserve base in excess of Rs. 25.088 billion (as of 31st March 2008).     Arif Habib Group is a multifarious Business Group of Pakistan whose main business activities include Asset Management, Stock Brokerage Services, Arif Habib Bank, the commercial bank and Arif Habib Limited the brokerage house. Besides asset management, commercial banking and brokerage, the group offers services such as securities research, investment advisory, corporate finance and project advisory services. The Group has also acquired membership of the Dubai Multi Commodities Centre through its subsidiary Arif Habib DMCC. The group also has significant interest in the industry, real estate development and Private Equity.