Press Release

JCR-VIS assigns Management Quality (MQ) rating of AM2 to National Investment Trust Limited (NITL)

Karachi, June 23, 2008: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned Management Quality Rating of ‘AM2’ to National Investment Trust Limited (NITL). AM2 denotes high management quality showing the company’s strong capacity to manage the risks inherent in asset management and the asset manager meets high investment management industry standards and benchmarks.

The rating derives strength from the performance of funds under management over the last two years and also takes into account the strong franchise of the management company. The number of individual unit-holders is high, although on a declining trend.

The management company has started pre-audit of NAV as per international best practice while implementation of a comprehensive IT system is under progress.

For further information on this rating announcement, please contact the undersigned (Ext: 501) or Ms. Sabeen Saleem (Ext: 510) at 5311861-70 or fax to 5311872-3.



Safdar Kazi
Director

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