RHB lnvestment Management Provides Accessibility to Islamic Treasury Solution through RHB Islamic Cash Management Fund

Kuala Lumpur, June 30, 2008: RHB Investment Management (RHBIM) today offers corporate and institutions with another option of diversifying their investment portfolio by introducing an Islamic money market product, the RHB Islamic Cash Management Fund (RHBICMF).

RHBICMF is the Shariah-based adaption of the RHB Cash Management Fund (RHBCMF) that was launched last August. Similar in characteristics except for its Islamic mandate, RHBICMF’s investment strategy is to invest in a diversified portfolio of short term Islamic debentures, money market instruments and deposits with financial institutions.

With a slight variation from its conventional version, it allocates at least 90% of its investments in Islamic money market instruments and deposits with financial institutions that are less than 1 year in maturity with the balance of the 10% being invested in financial institutions that are between 1 and 2 years in maturity.

Puan Sharifatul Hanizah Said Ali, Managing Director of RHBIM said, “Corporate and institutional investors who are looking for liquidity and a regular stream of income in Shariah compliant money market instruments at a short term time frame will find that RHBICMF fits their investment profile. Not only that, RHBICMF also enables them to enjoy tax-exempt profits.”

“The reason we are launching RHBICMF at this juncture is to provide corporate and institutional investors with a solution that will simplify the management of their treasury function in terms of cash placement,” she added.

Since the merger of RHB Unit Trust and RHB Asset Management to become RHBIM in January, RHBIM has been proactively offering a diverse range of unit trust funds for different groups of investors, be it individual or institutional.

RHBICMF marks the 26 th fund under RHBIM, and the third to be launched this year. To be managed by RHBIM, its approved fund size is 500 million units at RM1.00 each, totaling RM500 million. Units of this fund can be purchased at its Net Asset Value (NAV) of RM1.00 from June 30, 2008 for 21 days, i.e. its initial offer period.

Together with RHBCMF, RHBICMF is offered exclusively by RHB Banking Group to both corporate and institutional investors.

RHBIM is a wholly owned subsidiary of RHB Investment Bank Berhad with approximately RM4 billion total assets under its management.

For more information, please call RHBIM at toll free 1-800-88-3656 or visit the website at www.rhbim.com.my.

Issued on behalf of RHB Investment Bank Berhad by Group Corporate Communications Division, RHB Capital Berhad. For more information, please call Eza Dzul Karnain at 012-3420060 or 03-92802552