Arif Habib Investments – Daily Prices for July 25, 2014

Name of the Fund                                                            Date         Offer   Repurchase         NAV

Pakistan Stock Market Fund (PSM)                                        July 24, 2014   66.96      65.17

Pakistan Income Fund (PIF)                                              July 25, 2014   53.71      52.28

Pakistan Capital Market Fund (PCMF)                                     July 24, 2014    9.70       9.44

Pakistan International Element Islamic Fund of Arif Habib (PIEIF-A)     July 24, 2014   52.42      51.02

MetroBank Sovereign Fund Pakistan (MSFP)                                July 25, 2014   51.43      50.40

Pakistan Strategic Allocation Fund                                      July 24, 2014   10.26       9.99

Pakistan Cash Management Fund (PCF)                                     July 28, 2014   50.3208    50.3208

Pakistan Income Enhancement Fund (PIEF)                                 July 25, 2014   52.78      51.37

MCB Cash Management Optimizer                                           July 28, 2014  100.6357   100.6357

MCB Dynamic Allocation Fund                                             July 24, 2014   75.9263    72.8877

MCB Dynamic Cash Fund                                                   July 25, 2014  103.8452   101.7673

MCB Islamic Income Fund – TYPE A                                        July 25, 2014  102.7546   100.6985

Pakistan Pension Fund – Equity                                          July 24, 2014                               284.22

Pakistan Pension Fund – Debt                                            July 24, 2014                               176.81

Pakistan Pension Fund – Money Market                                    July 24, 2014                               180.98

Pakistan Islamic Pension Fund – Equity                                  July 24, 2014                               286.89

Pakistan Islamic Pension Fund – Debt                                    July 24, 2014                               170.32

Pakistan Islamic Pension Fund -Money Market                             July 24, 2014                               156.43

Note: Back-end load applies wherever applicable as per offering document.