Arif Habib Investments – Daily Prices for November 12, 2014

Name of the Fund                                                               Date          Offer     Repurchase         NAV

Pakistan Stock Market Fund (PSM)                                         November 12, 2014   71.67      69.76

Pakistan Income Fund (PIF)                                               November 12, 2014   55.88      54.39

Pakistan Capital Market Fund      PCMF                                   November 12, 2014   10.34      10.06

Pakistan International Element Islamic Fund of Arif Habib (PIEIF-A)      November 12, 2014   56.22      54.72

MetroBank Sovereign Fund Pakistan (MSFP)                                 November 12, 2014   53.81      52.73

Pakistan Strategic Allocation Fund                                       November 12, 2014   10.77      10.48

Pakistan Cash Management Fund (PCF)                                      November 13, 2014   51.5946    51.5946

Pakistan Income Enhancement Fund (PIEF)                                  November 12, 2014   55.03      53.56

MCB Cash Management Optimizer                                            November 13, 2014  103.1361   103.1361

MCB Dynamic Allocation Fund                                              November 12, 2014   80.0748    76.8702

MCB Dynamic Cash Fund                                                    November 12, 2014  107.9117   105.7524

MCB Islamic Income Fund – TYPE A                                         November 12, 2014  104.4089   102.3197

Pakistan Pension Fund – Equity                                           November 12, 2014                              307.20

Pakistan Pension Fund – Debt                                             November 12, 2014                              184.90

Pakistan Pension Fund – Money Market                                     November 12, 2014                              185.13

Pakistan Islamic Pension Fund – Equity                                   November 12, 2014                              313.87

Pakistan Islamic Pension Fund – Debt                                     November 12, 2014                              171.96

Pakistan Islamic Pension Fund -Money Market                              November 12, 2014                              157.88

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