Date: Wednesday, 25th July 2007

Avenue Invest Berhad (“AvIB”), a member of the ECM Libra Avenue Group, is pleased to announce the launch of its latest fund, the Avenue Consumer and Leisure Asia Fund (“ACLAF”). ACLAF is a regional thematic fund and will focus on one of the most compelling growth stories of the 21st century, the expansion of the middle class population in Asia.

Asia is seeing a rapid expansion of its middle class population who, in turn, have increasingly more disposable income to spend. Sectors related to consumer consumption and leisure are expected to be major beneficiaries of this trend and the Fund will invest in a variety of sub-sectors within this theme. These may range from retailers, hotels, resorts, consumer electronics and lifestyle products to property, consumer banking, healthcare and education.

ACLAF is an open-ended regional Unit Trust Fund*, which seeks to offer investors a wider investment universe of quality growth stocks by investing primarily in those that offer exposure to the consumer and leisure sector in Asia. The Fund will be a proxy to the growth prospects of this burgeoning sector which is expected to be a major beneficiary of rising disposable income in the region. The Fund will invest in listed companies with businesses in China, India, Hong Kong, Indonesia, Korea, Philippines, Singapore, Taiwan, Thailand, Malaysia and Japan.

The Fund, with an approved Fund size of 300 million units, will be sold at an initial offer price of RM0.50 per unit until 7 August 2007. The Fund is benchmarked against the Morgan Stanley Capital International All Country Asia Consumer Discretionary Index.

Mr. Tan Jin Teik, Managing Director of AvIB said “The launch of the Fund comes at an opportune time, as investors stand to benefit from the extremely favourable demographics of the Asian region. In many Asian countries, we are seeing higher rates of urbanisation and household formation, and greater exposure to a consumer-driven lifestyle particularly among the younger segment of the workforce. All this is happening in an area where economic growth is expected to remain the highest in the world for many years to come. The confluence of these positive trends make for a highly viable and attractive investment case in which the Asian consumer will be central. That is what ACLAF is all about.”

“Additionally, regional tourism is on the rise as major investment involving world class attractions are made in Asia. With greater affluence, lifestyle attitudes are changing. Increasing emphasis is placed on leisure, entertainment, travel, fashion and all manner of consumer discretionary products and services.” he added.

Mr. Tan Jin Teik, who has over 15 years of experience in the investment industry, will be the designated person responsible for the management of the Fund.

The launch of the Fund will be officiated by Datuk Kamarudin Md Ali, Chairman of AvIB at a company event in Kuala Lumpur later this evening.

*The underlying value of the assets is always directly represented by the total number of units issued multiplied by the unit price less the transaction or management fee charged and any other associated costs.