Press Release

JCR-VIS Finalizes Fund Stability Rating of UBL Liquidity Plus Fund at AA+(f)

Karachi, June 24, 2009: JCR-VIS Credit Rating Company Limited has finalized the fund stability rating (FSR) of ‘AA+(f)’ (Double A Plus (f)) assigned to UBL Liquidity Plus Fund (ULPF). The rating has been finalized following a review of the final trust deed and offering document.

Managed by UBL Fund Managers Limited, ULPF is structured as an open end money market scheme with the objective of investing in low risk instruments while maintaining high liquidity. Net assets will primarily be deployed in short term government paper while remaining exposure will be taken in counterparties with issue or issuer ratings of at least ‘AA’. The weighted average time to maturity of the scheme will be 90 days.

For further information on this rating announcement, please contact Ms. Sabeen Saleem (Ext: 510) or Ms. Sobia Maqbool (Ext: 506) at 5311861-70 or fax to 5311872-3.



Safdar Kazi
Director

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright June 24, 2009 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.