Al Meezan Investment Management Limited’s distribution for the year ended June 30, 2011

Karachi: This is to inform you that the Board of Directors of Al Meezan Investment Management Limited (Al Meezan) (AMIM) the management company of Meezan Islamic Fund (the Fund/MIF) in its meeting held on July 07, 2011 has approved the following distribution to the Unit holders of the Fund for the year ended June 30, 2011.

Distribution:

A payout of Rs. 10.00 (20.00%) per unit of par value Rs. 50/-

Unit holders who have opted for income Units will receive cash dividend while unit holders who have opted for Growth Units will be allocated bonus units in accordance with their entitlement. For bonus units, unit holders will get 26.06 units (Rounded off) for every 100 units, calculated at ex dividend net asset value per unit of Rs. 41.57/- as at the close of business of June 30, 2011. The payout is 26.90% on the opening net asset value per units of Rs. 37.17/- for FY 2010-11.

The register of the unit holders of MIF remained closed from July 1, 2011 to July 06, 2011 (both days inclusive). The transaction in units has recommended from Thursday July 07, 2011.

Meezan Islamic Income Fund Distribution for the Year Ended June 30, 2011

This is to inform you that the Board of Directors of Al Meezan Investment Management Limited (Al Meezan) the management company of Meezan Islamic Fund (MIF) in its meeting held on Thursday July 07, 2011 has approved the following final distribution to the Unit holders of the Fund for the year ended June 30, 2011.

Distribution:

A final payout of Rs. 1 per unit (2% of par value Rs.50 and 1.98% of opening Ex-NAV of Rs. 50.62),

Unit holders who have opted for income Units will receive cash dividend while unit holders who have opted for Growth Units will be allocated bonus units in accordance with their entitlement. For bonus units, unit holders will get 1.9976 units (rounded off) for every 100 units, calculated at ex-dividend net asset value per unit of Rs. 50.06 as at June 30, 2011.

This is in addition to interim payouts paid by the Fund of Rs. 5.25 (rounded off) per unit.

The total distribution for FY 2010-11 is Rs. 6.25 (rounded off) per unit (12.35 % of opening Ex-NAV of Rs. 50.62 as at June 30, 2010 and 12.50 % of par value of Rs. 50).

The register of the unit holders of MIIF remained closed from July 1, 2011 to July 06, 2011 (both days inclusive). The transaction in units has recommended from Thursday July 07, 2011.

For more information, contact:
Syed Owais Wasti
CFO and Company Secretary
Al Meezan Investment Management Limited
Ground Floor, Block ‘B’,
Finance and Trade Centre,
Shahrah-e-Faisal,
Karachi 74400, Pakistan
UAN: +9221 111-633-926
Fax: +9221 567 6143
Email: info@almeezangroup.com
Web Site: www.almeezangroup.com