Date: Monday, 12 October 2009

Avenue Invest Berhad (“AvIB”), a member of the ECM Libra Group, today announced the launch of the Avenue AsiaPac Alpha Fund ("AAAF"). AAAF is an actively managed close-ended wholesale fund with a two-year investment horizon and will invest in selected sectors that are poised to benefit from the global economic recovery. The Fund will adopt dynamic investment strategies that capitalise on countires and economic sectors that are most sensitive to different stages in the recovery cycle.

The Fund will invest directly in the Hong Kong, Singapore, Australia, New Zealand, Indonesia, Malaysia, Thailand and Philippines markets; and indirectly in Mainland China, India, Taiwan and Korea through an Exchange Traded Fund (ETF) which is either listed on the Hong Kong or Singapore stock exchanges. Being a wholesale fund, AAAF is open to Qualified Investors, namely individuals with total net personal assets exceeding RM3 million or its equivalent in foreign currencies; or corporations with total net assets exceeding RM10 million or its equivalent in foreign currencies.

The Fund with an approved fund size of 300 million units, will be sold at an Offer Price of RM0.50 per unit and the minimum initial investment amount is RM50,000. The Fund is benchmarked against the MSCI AC Asia Pacific ex-Japan.