Date: Tuesday, 3 October 2006

Avenue Invest Berhad (“AvIB”), a member of the ECM Libra Avenue Group, has declared income distributions for five (5) of its funds. The five funds are Avenue VersatileEXTRA Fund (“AVEF”), Avenue TacticalEXTRA Fund (“ATEF”), Avenue EquityEXTRA Fund (“AEEF”), Avenue DividendEXTRA Fund (“ADEF”) and Avenue MoneyEXTRA Fund (“AMEF”).

AvIB’s Chief Executive Officer, Mr. Danny Wong said “We are delighted to announce that our funds have continued to perform well in a trying market which remains susceptible to global concerns. Apart from our prudent investment approach, the funds’ benefited considerably from the favourable stock selection by our fund managers.”

He added “Looking ahead, the local equity market is expected to turn defensive due to concerns on inflation and slowing economic growth, globally. Despite these concerns, we believe there are pockets of opportunity nearing the fourth quarter and we expect more upside next year.”

AvIB has declared a gross interim distribution of 3.49 sen per unit and 3.63 sen per unit for AVEF and ATEF, respectively. A total distribution of RM5.21 million of which RM1.74 million and RM3.47 million will be reinvested back into AVEF and ATEF, respectively at the net asset value per unit on 29 September 2006, the ex-distribution date, which excludes entry fee. According to the Lipper Fund Table for the period ended 22 September 2006, AVEF delivered a three year return of 34.96% beating the industry average of 19.77% whilst ATEF registered a robust one year return of 15.49% compared to the industry average of 6.85%.

Unitholders of AEEF and ADEF, funds that invest in the equity market, will receive a gross interim distribution of 3.84 sen per unit and 2.75 sen per unit, respectively. A total distribution of RM4.04 million of which RM3.48 million and RM0.56 million will be reinvested back into AEEF and ADEF, respectively at the net asset value per unit on 29 September 2006, the ex-distribution date, which excludes entry fee. The Lipper Fund Table for the period ended 22 September 2006 states that AEEF generated a three year return of 31.45% exceeding the industry average of 19.29%. As for ADEF, a fund that was launched early last year, delivered a one year return of 5.29%.

Mr. Danny Wong said “Both funds are within the same asset family but have slightly different characteristics. AEEF would go down well with investors who want to take advantage of potentially higher returns whilst investors who prefer relatively stable returns, ADEF would be ideal for them.”

Investors of AMEF will receive a gross income distribution of 0.36 sen per unit for the third quarter of this year. A total distribution for the quarter of RM469,003 will be reinvested back into AMEF, at the net asset value per unit on the ex-distribution date, 29 September 2006, which excludes entry fee.

AMEF has generated a three year return of 8.84% surpassing the industry average of 7.93%, according to the Lipper Fund Table for the period ended 22 September 2006. AMEF is a relatively short-term cash management fund, which is designed specifically for corporate investors. The fund invests in short-term money market instruments and it is benchmarked against repo rates.

About AvIB

AvIB is one of Malaysia’s growing licensed fund management companies. It is principally involved in managing private and public funds; and distributing a range of unit trust funds for both institutional and retail investors. AvIB was established in 1999 and its current fund size stands at RM2.8 billion. It is also an appointed fund management institution for the EPF Members' Investment Scheme. As at 3 October 2006, AvIB manages ten (10) unit trust funds.