Askari Investments is one of the country's leading asset management companies dedicated to helping its customers build their financial security. Operating principally through the Askari brand a fully owned subsidiary of Askari Bank Limited, Askari Investments strives to deliver outstanding performance and customer service for both its income and asset allocation fund for individuals and institutions around the country. The total funds under management of Askari Investments now exceed Rs. 10 billion.

The Board of Directors of Askari Investments, in a meeting held on 09 July, 2007 approved following distribution for its two mutual funds for the year ended 30th June, 2007.

The Askari Income Fund (AIF) Net Asset Value per unit has grown from Rs. 100.49 to 111.74 over the FY 2007, a total return of 11.20%. Net assets as of June-30th 2007 are Rs. 9.4 billion. AIF announced a bonus distribution of Rs. 11.0586 per unit, which is 11% of the opening NAV for FY2007.

The Askari Asset Allocation Fund (AAAF) in the pre-IPO phase, Net Asset Value per unit has grown from Rs. 100.00 to 102.1714 from June-02, 2007, a total return of 27.33%. Net assets as of June-30th 2007 are Rs. 641 million. AAAF announced a bonus distribution of Rs. 1.98598 per unit, which is 25% of the opening NAV.

The Management of Askari Investment Management Ltd is delighted to announce that the Board has approved a dividend of Rs. 4.49 per unit of Askari Income Fund. This translates into a healthy annualized yield of 10.60% for IPO investors.

Disbursement of dividend will be executed either through cash or bonus units - as indicated by the unit holders at the time of investment.