Kuala Lumpur, 3 March 2010 – MIDF Amanah Asset Management Berhad (MIDF Amanah), the asset management arm of Malaysian Industrial Development Finance Berhad (MIDF) today announced the acquisition of business of Asia Unit Trusts Berhad (AUTB), formerly the MIDF Group’s unit trust management division. The effective transfer of business was on completed on 1st January 2010. The integration of retail and institution businesses will allow greater synergy as well as better quality of service to the clients.

MIDF Amanah was earlier approved to act as a Unit Trust Management Company. With that, MIDF has taken over the management of AUTB’s six unit trust funds – AUTB Investment Fund, AUTB Progress Fund, AUTB Tactical Funds, AUTB Dana Bakti, AUTB Bond Fund and AUTB Dana Bon Amanah which are renamed as MIDF Amanah Growth Fund, MIDF Amanah Strategic Fund, MIDF Amanah Dynamic Fund, MIDF Amanah Islamic Fund, MIDF Amanah Bond Fund and MIDF Amanah Islamic Bond Fund respectively. The funds are rebranded to reflect the change in the corporate identity as well as the change in management of these funds.

MIDF Amanah Asset Management Berhad will now be known as MIDF Amanah due to a recent rebranding exercise involving the three core businesses within the MIDF Group.

MIDF Amanah is headed by Scott Lim Kok Seng as both the Chief Executive Officer and Chief Investment Officer. Lim was formerly from CMS Dresdner Asset Management and has more than 16 years experience in managing Malaysian and regional equities for both retail unit trust funds and institutional discretionary portfolios.

About MIDF Amanah Asset Management Berhad

MIDF Amanah Asset Management Berhad (MIDF Amanah) began its operation in 1992, a fund management company licensed by the Securities Commission of Malaysia as Seacorp-Schroder Capital Management, a 51% - 49% joint venture between MIDF Amanah Capital Berhad (MIDFAC). Malaysian Industrial Development Finance Berhad (MIDF), a member of the Permodalan Nasional Berhad Group of Companies, took over MIDFAC in 2001. MIDF Amanah took on its former name during the MIDF Group corporate re-branding exercise in 2007. MIDF Amanah remains as one of the Group’s three core businesses focusing in institutional investment management and specialised retail funds.