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Notice of Discontinuance of Sale of Units of JS Capital Protected Fund III

Further to the notice dated September 28, 2007 regarding discontinuance of Sale of Units and closure of JS Capital Protected Fund III (the Fund) for new subscriptions, JS Investments Limited (Formerly JS ABAMCO Limited) is pleased to announce that due to favorable response by Investors, it has been decided to extend the date of Fund closure.

Now, effective from October 8, 2007, the sale of Units of JS Capital Protected Fund III shall be discontinued and the Fund shall be closed for all new subscriptions.

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Notice of Discontinuance of Sale of Units of JS Capital Protected Fund III

JS Investments Limited (Formerly JS ABAMCO Limited) announces that in terms of Clause 11.4 of the Trust Deed, the sale of Units of JS Capital Protected Fund III (the "Fund") is discontinued and the Fund is closed for all new subscriptions effective from September 30, 2007.

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Notice of Discontinuance of Sale of Units of UTP-Capital Protected Fund II

JS ABAMCO Limited (Formerly ABAMCO Limited) announces that in terms of Clause 11.4 of the Trust Deed, the sale of Units of UTP - Capital Protected Fund II (the "Fund") is discontinued and the Fund is closed for all new subscriptions effective from July 9, 2007.

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Notification for Commencement of Redemption in UTP-CPF Effective From Monday, March 19, 2007

We are pleased to announce that in pursuance to the clause 3.9 of the Offering Document of UTP- Capital Protected Fund (UTP-CPF), the management has decided to allow redemptions of UTP-CPF units at Redemption Price as per Clause 7.4, subject to Back-End Load as per Clause 2.8 & 7.3 of the Offering Document with effect from Monday, March 19, 2007.

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PACRA has released ratings for all eligible open end and closed end funds of JS ABAMCO Limited

The Pakistan Credit Rating Agency Limited (PACRA) has released ratings for all eligible open end and closed end funds of JS ABAMCO Limited (Formerly ABAMCO Ltd.) Eligibility for rating includes one full year of operation therefore only 4 out of 6 of the open end funds managed by JS ABAMCO were rated.

Unit Trust of Pakistan ***** (5 STAR)
UTP-Income Fund ***** (5 STAR)
UTP-Islamic Fund ***** (5 STAR)
UTP-Aggressive Asset Allocation Fund ***** (5 STAR)
BSJS Balanced Fund ***** (5 STAR)
UTP Large Cap. Fund **** (4 STAR)

A "5 Star" rating is the highest rating and reflects superior performance of the JS ABAMCO funds in their respective categories whereas a "4 Star" rating reflects good performance of the fund.

The star ratings measure the performance of the funds not only on the returns given by these funds over the period of analysis (12 months of FY06) but also the risk - measured by variability in return over monthly periods. In the case of UTP-Income Fund, the credit quality of assets is also considered. The rating of a fund is comparable only to ratings of other funds in the same category.

Incorporated in 1995, JS ABAMCO is the oldest and largest private sector asset management company in Pakistan, registered with the Securities and Exchange Commission of Pakistan (SECP) as an investment advisor for closed-end funds and asset management company for open-end funds. Currently, the company is managing nine funds (including six open-end and three closed-end funds) with assets under management of over PKR 22bln (as at June 30, 2006). It is a subsidiary of Jahangir Siddiqui & Company Limited (JSCL) which has a very strong market standing emanating from its reputation as a well-managed and strong entity carrying a long-term rating of 'AA+' from PACRA. JS ABAMCO itself enjoys the highest asset manager rating in Pakistan, 'AM2+' assigned by PACRA, which reflects the company's leadership position in the asset management sector emanating from the established track record, diverse product base, experienced and well-qualified management team, and association with a financially strong group. The company is in the process of being listed at the Karachi Stock Exchange through an offer for sale of 20% of the existing issued shares.

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PACRA has upgraded the asset manager and entity rating of JS ABAMCO Limited

The Pakistan Credit Rating Agency (PACRA) has upgraded the asset manager rating of JS ABAMCO Limited (Formerly ABAMCO Limited) to 'AM2+'. The rating denotes the company's very strong capacity to manage the risks inherent in asset management and the asset manager meets very high investment management industry standards and benchmarks.

PACRA has also upgraded the long-term and the short-term credit ratings of JS ABAMCO to 'AA-' (Double A minus) and 'A1+' (A one plus), respectively. These ratings denote very low expectation of credit risk emanating from very strong capacity for timely payment of financial commitments.

The asset manager rating reflects JS ABAMCO's leadership position in the asset management sector emanating from the established track record, diverse product base, experienced and well-qualified management team, and association with a financially strong group. At the same time, the company has strengthened its infrastructure in terms of research, risk management, distribution, and human resources. The management, capitalizing on the company's considerably enhanced capacity, intends to expand assets under management while also launching a series of new funds.

JS ABAMCO's entity ratings reflect sustained improvement in its performance and, in turn, the capital structure while maintaining a low risk business profile. Meanwhile, the company's strong franchise value in the country's asset management industry and association with the JS group are also key rating factors.

Incorporated in 1995, JS ABAMCO is the oldest and largest private sector asset management company in Pakistan, registered with the Securities and Exchange Commission of Pakistan (SECP) as an investment advisor for closed-end funds and asset management company for open-end funds. Currently, the company is managing nine funds (including six open-end and three closed-end funds) with assets under management of over PKR 22bln (as at June 30, 2006). It is a subsidiary of Jahangir Siddiqui & Company Limited (JSCL) which has a very strong market standing emanating from its reputation as a well-managed and strong entity carrying a long-term rating of 'AA+' from PACRA. The company is in the process of being listed at the Karachi Stock Exchange through an offer for sale of 20% of the existing issued shares.

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Certificates of registration to act as Pension Fund Manager issued by the Securities and Exchange Commission of Pakistan (SECP)

JS ABAMCO Limited (Formerly ABAMCO Ltd.), the leading asset management company in the private sector, has been issued certificates of registration to act as Pension Fund Manager by the Securities and Exchange Commission of Pakistan (SECP).

Under the Voluntary Pension Scheme, all Pakistani Nationals over the age of 18 years (salaried or self-employed), who have a valid National Tax Number (NTN) are eligible to participate in the forthcoming pension scheme.

JS ABAMCO has established a leadership position in the asset management sector emanating from the established track record, diverse product base, experienced and well-qualified management team, and association with a financially strong group. At the same time, the company has strengthened its infrastructure in terms of research, risk management, distribution, and human resources. The management, capitalizing on the company's considerably enhanced capacity, intends to expand assets under management while also launching a series of new funds.

Incorporated in 1995, JS ABAMCO Limited (formerly ABAMCO Limited) is the oldest and largest private sector asset management company in Pakistan, registered with the Securities & Exchange Commission of Pakistan (SECP) as an investment advisor for closed-end funds and asset management company for open-end funds. Currently, the company is managing nine funds (including six open-end and three closed-end funds) with assets under management of over PKR 22bln (as at June 30, 2006). It is a subsidiary of Jahangir Siddiqui & Company Limited (JSCL) which has a very strong market standing emanating from its reputation as a well-managed and strong entity carrying a long-term rating of 'AA+' from PACRA. The company is in the process of being listed at the Karachi Stock Exchange through an offer for sale of 20% of the existing issued shares.