Arif Habib Investments – Daily Prices for February 20, 2014

Name of the Fund                                                                Date             Offer      Repurchase       NAV

Pakistan Stock Market Fund (PSM)                                        February 20, 2014        70.35        68.46

Pakistan Income Fund (PIF)                                              February 20, 2014        53.81        52.36

Pakistan Capital Market Fund (PCMF)                                     February 20, 2014         9.55         9.29

Pakistan International Element Islamic Fund of Arif Habib (PIEIF-A)     February 20, 2014        51.14        49.76

MetroBank Sovereign Fund Pakistan (MSFP)                                February 20, 2014        51.87        50.82

Pakistan Premier Fund (PPF)                                             February 20, 2014        13.27        12.91

Pakistan Strategic Allocation Fund (PSAF)                               February 20, 2014        11.41        11.10

Pakistan Cash Management Fund (PCF)                                     February 21, 2014        50.3088      50.3088

Pakistan Income Enhancement Fund (PIEF)                                 February 20, 2014        52.56        51.15

MCB Cash Management Optimizer                                           February 21, 2014       101.5848     100.5596

MCB Dynamic Allocation Fund                                             February 20, 2014        77.9724      74.8248

MCB Dynamic Cash Fund                                                   February 20, 2014       104.6925     102.5794

MCB Dynamic Stock Fund                                                  February 20, 2014       117.7325     113.7720

MCB Income Fund – TYPE A                                                February 20, 2014       103.4029     101.3158

MCB Income Fund – TYPE B                                                February 20, 2014       101.3158      99.7961

Pakistan Pension Fund – Equity                                          February 20, 2014                                     227.49

Pakistan Pension Fund – Debt                                            February 20, 2014                                     169.08

Pakistan Pension Fund – Money Market                                    February 20, 2014                                     175.47

Pakistan Islamic Pension Fund – Equity                                  February 20, 2014                                     231.83

Pakistan Islamic Pension Fund – Debt                                    February 20, 2014                                     165.39

Pakistan Islamic Pension Fund – Money Market                            February 20, 2014                                     152.94