Date: Monday, 18 December 2006

Avenue Invest Berhad (“AvIB”), a member of the ECM Libra Avenue Group, has declared income distributions for eight (8) of its funds. The eight funds are Avenue VersatileEXTRA Fund (“AVEF”), Avenue TacticalEXTRA Fund (“ATEF”), Avenue EquityEXTRA Fund (“AEEF”), Avenue DividendEXTRA Fund (“ADEF”), Avenue BondEXTRA Fund (“ABEF’), Avenue IncomeEXTRA Fund (“AIEF”), Avenue SyariahEXTRA Fund (“ASEF”) and Amanah Saham Wanita (“Asnita”).

AvIB’s Chief Executive Officer, Mr. Danny Wong said “We are very pleased to announce that our funds have continued to deliver excellent returns in a market punctuated with uncertainties. It has been a challenging period for our fund managers but with their disciplined investment strategy and good stock selection, the funds have generated good returns for our unit holders.”

He added “Moving forward, we hope to improve our returns as we remain positive on the Malaysian market. This is despite the anticipation of a tougher year ahead owing to external factors primarily the direction of the US market. We are optimistic that Malaysia will remain resilient owing to its pump priming activities through public and private initiatives, and sustainable consumer demand which should help cushion any external pullback”.

AvIB has declared a gross interim distribution of 4.38 sen per unit and 3.14 sen per unit for AVEF and ATEF, respectively. A total distribution of RM7.73 million of which RM2.32 million and RM5.41 million will be reinvested back into AVEF and ATEF, respectively at the net asset value per unit on 15 December 2006, the ex-distribution date, which excludes entry fee. According to the Lipper Fund Table for the period ended 8 December 2006, AVEF delivered a three year return of 37.75% beating the industry average of 23.24% whilst ATEF registered a robust one year return of 29.35% compared to the industry average of 14.68%.

Investors of AEEF and ADEF, will receive a gross interim distribution of 3.83 sen per unit and 4.42 sen per unit, respectively. A total distribution of RM5.02 million of which RM4.21 million and RM0.811 million will be reinvested back into AEEF and ADEF, respectively at the net asset value per unit on 15 December 2006, the ex-distribution date, which excludes entry fee. The Lipper Fund Table for the period ended 8 December 2006 states that AEEF generated a three year return of 37.69% exceeding the industry average of 24.95%. As for ADEF, a fund that was launched early last year, delivered a one year return of 17.50%.

As for the fixed income funds, unit holders of ABEF and AIEF will receive a gross distribution of 1.41 sen per unit and 1.13 sen per unit, respectively. A total distribution of RM21.11 million of which RM8.36 million and RM12.75 million will be reinvested back into ABEF and AIEF, respectively at the net asset value per unit on 15 December 2006, the ex-distribution date, which excludes entry fee. ABEF generated a three year return of 17.20%, whilst for AIEF, the fund registered a return of 15.21% for the same period. Both funds exceeded the industry average of 16.41%. The returns are based according to the Lipper Fund Table for the period ended 8 December 2006

Investors of the Islamic funds, ASEF and Asnita, will receive a gross distribution of 2.55 sen per unit and 4.63 sen per unit, respectively. A total distribution of RM14.93 million of which RM2.92 million and RM12.01 million will be reinvested back into ASEF and Asnita, respectively at the net asset value per unit on 15 December 2006, the ex-distribution date, which excludes entry fee. The Lipper Fund Table for the period ended 8 December 2006 states that ASEF generated a three year return of 21.56% exceeding the industry average of 13.87%. As for Asnita, the fund registered a three year return of 20.43% versus the industry average of 18.23%.

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 18 December 2006, AvIB manages ten (10) unit trust funds.