The Board of Directors of Al Meezan Investments in its meeting held on Monday July 6, 2009 has approved distribution of dividends in its following open end funds for the year ended June 30, 2009.

Meezan Islamic Income Fund (MIIF)

A final distribution of Rs. 1.75 per unit, this is in addition to interim dividends of Rs. 3.02 per unit already paid out by the Fund, making a total payout for the year of Rs. 4.77 per unit. This translates into a payout of 9.538% on the opening ex-div NAV of Rs. 50.01 and 9.54% on the face value of Rs. 50 per unit for the year ended June 30, 2009. The net assets of MIIF at the close of the financial year were Rs. 4,873 million. The declaration for MIIF is in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder of MIIF having 100 units as on June 30, 2009 will get 3.4888 additional units at the ex-div. NAV of Rs. 50.16, while an Income Unit holder will get Cash Dividend of Rs. 1.75 per unit.

Meezan Cash Fund (MCF)

A payout of Rs. 0.15 per unit (i.e., 0.3% on face value of Rs. 50 per unit). The declarations for MCF are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder of MCF having 100 units as on June 30, 2009 will get 0.2999 additional units at the ex-div. NAV of Rs. 50.01 while an Income Unit holder will get Cash Dividend of Rs. 0.15 per unit.

Meezan Capital Protected Fund – I (MCPF- I)

A dividend of Rs. 0.35 per unit (i.e., 0.7% on the opening NAV of Rs. 49.80 per unit). An Investor of MCPF-I having 100 units as on June 30, 2009 will get 0.7024 additional units at the ex-div. NAV of Rs. 49.83,

Apart from the critical scenario that waved itself throughout the country on account of political unrest, deteriorating economic indicators and poor law and order condition, Al Meezan Investments has been able to successfully sustain and overcome the situation. Nonetheless, it has also been able to launch two products Meezan Mahana Kharch Account (MMKA), an administrative plan based on Meezan Islamic Income Fund and Pakistan’s first Shariah compliant Money Market Fund, Meezan Cash Fund (MCF). The former was launched in October 2008 and later in June 2009. MCF was launched with the objective to provide Halal and stable returns avoiding volatility of both long-term fixed income instruments and stock markets.

Al Meezan Investments is thankful to its investors for their overwhelming response and making these products successful. The number of investors in both the products is continuously on rise. This is reflective of investors’ confidence and trust in the investment management capability and service quality of Al Meezan Investments.

Al Meezan Investments, rated AM2- by JCR-VIS, currently has 12.34 billion total net assets under management reflective of the confidence and trust of both individual and institutional investors.