34 ORGANISATIONS RECEIVE DONATIONS FROM INVESTORS OF RHB MUDHARABAH FUND

Kuala Lumpur, 6 August 2003-A total of 34 charitable organisations received donations in cash and kind amounting to RM526,110 under the RHB Mudharabah Fund Community Programme 2003 today.

The donations were the cleansed proceeds from the Syariah-compliant RHB Mudharabah Fund, which is managed by RHB Unit Trust Management Berhad.

Two of the organisations received a van each. They were the Selangor and Federal Territory Association for Retarded Children and Malaysian Federation of the Deaf.

Two other organisations - Kiwanis Down Syndrome and National Council for the Blind - received cash donations of RM30,000 each. A total of 22 organisations, including the Malaysian Red Crescent Society, orphanages, children's homes and old folks' homes, from throughout Malaysia, received cash donations of RM12,000 each.

The International Islamic University's Students Welfare Fund received RM20,000 while another seven schools or institutions of higher learning received RM10,000 each.

RHB Mudharabah Fund
The RHB Mudharabah Fund, one of 10 Funds managed by RHB Unit Trust, recently won The Edge-Lipper Malaysia Unit Trust Funds Award 2002 in the Mixed Asset Islamic/Syariah Balanced Fund category. As at July 28, 2003, the RHB Mudharabah Fund has a fund size of RM216 million.

To ensure that the fund remains Syariah-compliant, profits made from investments are cleansed annually, and the cleansed proceeds are donated to charitable organisations. Since the RHB Mudharabah Fund was launched in May 1996, a total of RM2 million of cleansed proceeds have been distributed to the needy and under-privileged.

Investments made by the RHB Mudharabah Fund are strictly in accordance with Syariah principles and closely monitored by the Fund's Syariah Panel. It provides investors with a balanced mix of income and potential for capital growth by investing in stocks listed on the Kuala Lumpur Stock Exchange (KLSE) or any other stock exchanges, unlisted stocks, Islamic Debt Securities as well as other non-interest bearing assets acceptable under Syariah principles.

The RHB Mudharabah Fund is suitable for investors who want investments that comply with Syariah principles, professionally managed portfolios of equities and Islamic Debt Securities and a balanced portfolio providing both income and capital growth.

RHB Unit Trust Management Berhad
RHB Unit Trust now manages a total fund size of RM1.3 billion (as at June 30, 2003). It is one of the few unit trust companies that have been upgraded from ISO 9002: 1994 to ISO 9001: 2000. The certification from ISO is in recognition of RHB Unit Trust's commitment towards continued improvement of the quality of its service to investors. RHB Unit Trust now ranks 6th in the industry in terms of fund size under management.

For more information on RHB Unit Trust Management Berhad and RHB Mudharabah Fund, please log on to www.rhb-unittrust.com.my.

Issued by RHB Public Affairs & Communications. For more details, contact Yeoh Guan Jin at Tel: 9280 2536