Public Mutual Declares Distributions and Unit Split for Its Funds (31 May 2007)

Public Bank’s wholly-owned subsidiary, Public Mutual declares gross distributions and unit split for seven of its funds. The gross distributions and unit split declared are for financial year / period ended 31 May 2007:

Public Far-East Select Fund - Gross distribution of 4.00 sen per unit

Public Regional Sector Fund - Gross distribution of 2.50 sen per unit

Public Ittikal Fund - Gross distribution of 9.00 sen per unit

Public Islamic Equity Fund - Gross distribution of 4.25 sen per unit

Public Dividend Select Fund - Gross distribution of 2.50 sen per unit

Public Balanced Fund - Gross distribution of 9.00 sen per unit

Public Select Bond Fund- Gross distribution of 4.50 sen per unit and unit split of 1:25 (1 unit for every 25 units held)

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said both Public Far-East Select Fund and Public Regional Sector Fund aim to achieve long-term capital appreciation by investing in domestic and regional markets. “According to The Edge-Lipper Fund Table dated 21 May 2007, Public Far-East Select Fund and Public Regional Sector Fund have generated a one-year return of 27.86% and 23.97% respectively for the period ended 11 May 2007. Both funds have significantly outperformed their respective benchmarks,” he continued.

Meanwhile, Public Ittikal Fund, Public Islamic Equity Fund, Public Dividend Select Fund and Public Balanced Fund have delivered an impressive one-year return of 37.45%, 36.08%, 34.90% and 34.53% respectively for the period ended 11 May 2007 on the back of the strong performance of the local market over the same period. These funds have the mandate to invest up to 30% of the funds’ net asset value in overseas markets.

As for Public Select Bond Fund, it has generated a one-year return of 6.86% for the one-year period ended 11 May 2007. The fund has outperformed its benchmark of 3.80% for the same period.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 42 funds for more than 1,000,000 accountholders. As at 21 May 2007, the total net asset value of the funds managed by the company was RM20.4 billion.