Arif Habib Investments – Daily Prices for November 17, 2014

Name of the Fund                                                               Date            Offer     Repurchase         NAV

Pakistan Stock Market Fund (PSM)                                         November 17, 2014     71.89         69.97

Pakistan Income Fund (PIF)                                               November 17, 2014     56.15         54.65

Pakistan Capital Market Fund      PCMF                                   November 17, 2014     10.32         10.04

Pakistan International Element Islamic Fund of Arif Habib (PIEIF-A)      November 17, 2014     56.60         55.09

MetroBank Sovereign Fund Pakistan (MSFP)                                 November 17, 2014     54.27         53.18

Pakistan Strategic Allocation Fund                                       November 17, 2014     10.75         10.46

Pakistan Cash Management Fund (PCF)                                      November 18, 2014     51.6741       51.6741

Pakistan Income Enhancement Fund (PIEF)                                  November 17, 2014     55.47         53.99

MCB Cash Management Optimizer                                            November 18, 2014    103.3297      103.3297

MCB Dynamic Allocation Fund                                              November 17, 2014     80.2458       77.0344

MCB Dynamic Cash Fund                                                    November 17, 2014    108.6101      106.4368

MCB Islamic Income Fund – TYPE A                                         November 17, 2014    104.2831      102.1964

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