Sales Load Waiver on investment in United Islamic Income Fund (UIIF)

October 23, 2007

Dear Investor,

In order to facilitate investors for participation in our recently launched Shariah Compliant Fund, United Islamic Income Fund (UIIF), UBL Fund Managers is pleased to offer full sales load waiver on purchase of units in the Fund till October 23, 2007. During this promotional period you can purchase units in the Fund at the prevailing NAV without any entry cost (Zero Front-End Sales Load).