Atlas Asset Management’s Atlas Funds of Funds Weekly report on Details of Own Certificates Repurchased for the Period: May 30, 2011 to June 03, 2011

Karachi: This Is in continuation of our earlier correspondence with you on the subject of repurchase of own certificates by Atlas Fund of Funds (ATFF), in accordance with the procedure prescribed under Circular No. 14 of 2009 issued by the Securities and Exchange Commission of the Pakistan (the Commission), dated May 4, 2009.

As required under Clause 3(v) of the above mentioned Circular, the details of own certificates repurchased by the Atlas Fund of Funds during the week from May 30, 2011 to June 03 2011, both days inclusive, are appended as Annexure A enclosed.

Annexure A

Atlas Funds of Funds

Details of Repurchase of Certificates

For the Week May 30, 2011 to June 03, 2011

DateScripMaximum No. of Certificates authorized to repurchasePurchase price per certificatNumber of certificate re- purchasedTotal Purchase Price-RupeesNet Asset- Rupees
30-May-11ATFF4,000,0006.5075,000487,500454,547,887
31-May-11ATFF6.50156,5001,016,925453,544,712
1-June-11ATFF6.5050,000325,000456,355,839
2-June-11ATFF6.50150,000975,000456,794,571
3-June-11ATFF6.5050,000325,000455,273,729
4,000,000481,5003,129,425

For more information, contact:
Lilly R, Dessabhoy
Chief Financial Officer and Co. Secretary
Atlas Asset Management
Ground Floor,
Federation House,
Sharae Firdousi,
Clifton, Karachi-75600, Pakistan
Tel: +9221 35379501-04
Fax: +9221 35379280
UAN: 111-Mutual (6-888-25)
Website: www.atlasfunds.com.pk