APPOINTMENT OF ZULKIFLI HAMZAH AS HEAD OF RESEARCH, MIDF INVESTMENT

Kuala Lumpur, 4 August 2008 – Malaysian Industrial Development Finance Berhad (MIDF) is pleased to announce the appointment of ENCIK ZULKIFLI HAMZAH as the Head of Research of MIDF Amanah Investment Bank Berhad.

Prior to this appointment, Zulkifli was the Head of Wealth Management at Maybank Islamic Berhad.

Zulkifli began his career in 1990 as an Administrative Officer at Bank Negara Malaysia’s Bank Regulation Department. His career in equity market research began in 1996 when he joined Capitalcorp Securities Sdn Bhd as economist/banking analyst, after a short stint in the petrochemical industry. In 1998 Zulkifli began his stint at Mayban Securities Sdn Bhd as a Chief Economist/Senior Manager before being promoted to Head of Research at the same institution in 2002.

In 2004, Zulkifli was appointed as Chief Executive Officer at Mayban Investment Management Sdn Bhd, a fund management company before moving on to mainstream banking at Maybank Islamic in August 2007. In all, Zulkifli brings to the MIDF Group a combined 13 years of sell-side and buy-side experience in the capital markets.

Zulkifli obtained his bachelor’s degree from the Sidney Sussex College, University of Cambridge, England.

With his vast experience in investment banking throughout his career, MIDF Group is confident that Zulkifli will contribute to the growth of MIDF Investment.

About MIDF

MIDF is now a diversified group with substantial investments in the financial services industry. Following its merger with Amanah Capital Partners Berhad in 2003, the acquisition of Utama Merchant Bank Berhad in 2004, and the emergence of MIDF Amanah Investment Bank Berhad, MIDF Group has evolved into a stronger and bigger entity, offering a competitive and diversified range of financial services to include Investment Banking, Asset Management and Development Finance.

MIDF is a subsidiary of Permodalan Nasional Berhad (PNB) Group of Companies, has total assets of over RM9 billion and shareholders’ funds of over RM2 billion.