Press Release

JCR-VIS Places Fund Stability Ratings of United Growth & Income Fund on Rating Watch and Withdraws the Fund Stability Rating of United Money Market Fund

Karachi, July 08, 2009: JCR-VIS Credit Rating Company Limited has placed the Fund Stability Rating (FSR) of United Growth & Income Fund (UGIF) of ‘A(f)’ (Single A (f)) on ‘Rating Watch- Developing’ and has withdrawn the FSR of United Money Market Fund of ‘A+(f)’ (Single A Plus (f)) on account of merger of UMMF into UGIF.

UGIF is managed by UBL Fund Managers Limited. The FSR of UGIF will be updated shortly, following a review of the risk profile of the merged fund.

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.



Syed Ziauddin Ahmed
Advisor

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