asnb prospectus

www.asnb.com.my | Preface i

PREFACE The Unitholders and potential Unitholders of Sekim Amanah Saham Nasional (“ASN”), Amanah Saham Nasional 2 (“ASN 2”), Amanah Saham Nasional 3 Imbang (“ASN 3”), Amanah Saham Gemilang (“ASG”) and the three unit trust funds under its umbrella namely, Amanah Saham Pendidikan (“ASG-Pendidikan”), Amanah Saham Kesihatan (“ASG-Kesihatan”) and Amanah Saham Persaraan (“ASG-Persaraan”), Skim Amanah Saham Bumiputera (“ASB”), Amanah Saham Wawasan 2020 (“ASW 2020”), Amanah Saham Malaysia (“ASM”) and Amanah Saham Didik (“ASD”) and Amanah Saham 1Malaysia (“AS 1Malaysia”) (collectively known as “Unit Trust Funds” or “Funds”). Dear Valued Investor, On behalf of the Board of Directors of Amanah Saham Nasional Berhad (“The Manager”), we wish to inform you that each of the Funds mentioned above has its own objective which is mentioned in Sections 3.1 to 3.11 of this Prospectus. In order to achieve the investment objectives of the respective Funds, various strategies will be adopted, which is suitable with the Funds objective as mentioned in Sections 3.1 to 3.11 and Section 5.1 of this Prospectus. Notwithstanding the above, Unitholders of the Fund should also be aware of the inherent risks of investing in the Funds which include, among others, market risk, stock specific risk, fluctuation in NAV and credit risk/default risk. Further information on the risk factors is detailed in Section 4 of this Prospectus. Therefore, investors should take into consideration the investment objectives, strategies and risks before investing in the Funds. Please refer to Sections 3.1 to 3.11 for more information on the profile of investors for each Fund. There are fees and charges that will be incurred by investors when purchasing or redeeming units of the Funds such as sales charge, repurchase charge, annual management fee and annual Trustee fee. Further details of these fees and charges are disclosed in Section 8 of this Prospectus. Units of the Funds may be acquired at any of our ASNB offices or branches of our agents throughout Malaysia. Please refer to Sections 18 and 19 of this Prospectus for more information on the Directory. We recommend that potential investors read this Prospectus in its entirety before making an investment decision and if you have any doubts, consult a professional adviser. If you have any queries on our Funds, please feel free to contact our Customer and Agent Relations Department at 03-20573000/03-20573111 or email us at [email protected]. Thank you. Yours faithfully, For and on behalf of The Board of Directors Amanah Saham Nasional Berhad Tun Ahmad Sarji bin Abdul Hamid Chairman

ASNB MASTER PROSPECTUS 2010/2011

www.asnb.com.my | TABLE OF CONTENTS iii

TABLE OF CONTENTS 1. GLOSSARY OF TERMS/ABBREVIATION ........................................................................................................... 1 2. CORPORATE DIRECTORY ................................................................................................................................ 5 3. KEY DATA ........................................................................................................................................................ 7 3.1 ASN ......................................................................................................................................................................... 7 3.2 ASN 2 ...................................................................................................................................................................... 8 3.3 ASN 3 ...................................................................................................................................................................... 9 3.4 ASG - PENDIDIKAN .............................................................................................................................................. 10 3.5 ASG - KESIHATAN ................................................................................................................................................ 12 3.6 ASG - PERSARAAN .............................................................................................................................................. 14 3.7 ASB ........................................................................................................................................................................ 16 3.8 ASW 2020 ............................................................................................................................................................. 17 3.9 ASM ...................................................................................................................................................................... 18 3.10 ASD ....................................................................................................................................................................... 19 3.11 AS 1MALAYSIA ..................................................................................................................................................... 20 3.12 FEES & CHARGES – VARIABLE PRICE (ASN, ASN 2, ASN 3 AND ASG) ............................................................. 21 3.13 FEES & CHARGES – FIXED PRICE (ASB, ASW 2020, ASM, ASD AND AS 1MALAYSIA) ......................................... 22 3.14 TRANSACTION INFORMATION .......................................................................................................................... 23 4. RISK FACTORS………………………………………………………………………………… ....................... …….27

4.1 GENERAL RISKS OF INVESTING IN UNIT TRUST FUND………………………………………………… ............... 27 4.2 SPECIFIC INVESTMENT RISKS…………………………………………………………………… ............................. 28 5. INFORMATION ON THE FUNDS ..................................................................................................................... 30 5.1 GENERAL INFORMATION ON THE FUNDS’ OBJECTIVE AND STRATEGY .................................................. 30 5.2 GENERAL INFORMATION ON THE BENCHMARK ............................................................................................ 32 5.3 ASN ....................................................................................................................................................................... 33 5.4 ASN 2 .................................................................................................................................................................... 35 5.5 ASN 3 .................................................................................................................................................................... 37 5.6 THE THREE FUNDS UNDER THE UMBRELLA OF ASG ..................................................................................... ....39 5.7 ASB ........................................................................................................................................................................ 41 5.8 ASW 2020 ............................................................................................................................................................. 43 5.9 ASM ...................................................................................................................................................................... 45 5.10 ASD ....................................................................................................................................................................... 47 5.11 AS 1MALAYSIA ..................................................................................................................................................... 49 5.12 BASES OF VALUATION FOR INVESTMENTS ....................................................................................................... 51 5.13 POLICY IN RESPECT OF VALUATION POINT(S) TO DETERMINE THE NAV OF THE FUND ............................. 52 6. PERFORMANCE OF THE FUNDS .................................................................................................................... 53 6.1 PERFORMANCE OF ASN .................................................................................................................................... 55 6.2 PERFORMANCE OF ASN 2 ................................................................................................................................. 56 6.3 PERFORMANCE OF ASN 3 ................................................................................................................................. 57 6.4 PERFORMANCE OF ASG.................................................................................................................................... 58 6.5 PERFORMANCE OF ASB ..................................................................................................................................... 60 6.6 PERFORMANCE OF ASW 2020 .......................................................................................................................... 61 6.7 PERFORMANCE OF ASM ................................................................................................................................... 62 6.8 PERFORMANCE OF ASD .................................................................................................................................... 63 6.9 PERFORMANCE OF AS 1MALAYSIA ................................................................................................................. 63

www.asnb.com.my | Preface ii

RESPONSIBILITY STATEMENT

This Prospectus has been reviewed and approved by the directors of the Management Company and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Prospectus false or misleading.

STATEMENTS OF DISCLAIMER The Securities Commission has approved the issue of, offer for subscription or purchase, or issue an invitation to subscribe for or purchase units of the unit trust fund and a copy of this Prospectus has been registered with the Securities Commission. The approval, and registration of this Prospectus, should not be taken to indicate that the Securities Commission recommends the Funds or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Prospectus. The Securities Commission is not liable for any non-disclosure on the part of the Management Company responsible for the Funds and takes no responsibility for the contents in this Prospectus. The Securities Commission makes no representation on the accuracy or completeness of this Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT PROFESSIONAL ADVISERS IMMEDIATELY.

No units will be issued or sold based on this Prospectus later than one

year after the date of this Prospectus.

Investors are advised to note that recourse for false or misleading statements or acts made in connection with the Prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and

Services Act 2007.

ASD AND AS 1 MALAYSIA)AND ASG)

www.asnb.com.my | TABLE OF CONTENTS iv

7. HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS……………………………………………......................64 7.1 AN EXTRACT ON THE FUNDS’ AUDITED FINANCIAL STATEMENTS FOR THE LAST THREE FINANCIAL YEARS .............................................................................................................................................. 64 7.2 ASN ....................................................................................................................................................................... 64 7.3 ASN 2 .................................................................................................................................................................... 65 7.4 ASN 3 .................................................................................................................................................................... 65 7.5 ASG ....................................................................................................................................................................... 66 7.6 ASB ........................................................................................................................................................................ 67 7.7 ASW 2020 ............................................................................................................................................................. 67 7.8 ASM ...................................................................................................................................................................... 68 7.9 ASD ....................................................................................................................................................................... 68 7.10 AS 1MALAYSIA ..................................................................................................................................................... 68 7.11 TOTAL ANNUAL EXPENSES INCURRED BY THE FUNDS ...................................................................................... 69 7.12 MANAGEMENT EXPENSE RATIO ........................................................................................................................ 70 8. FEES, CHARGES AND EXPENSES ................................................................................................................... 72 8.1 CHARGES AND FEES DIRECTLY INCURRED WHEN PURCHASING OR REDEEMING UNITS OF THE FUNDS . 72 8.2 CHARGES AND FEES INDIRECTLY INCURRED ................................................................................................... 73 9. TRANSACTION INFORMATION ..................................................................................................................... 76 9.1 VALUATION POINTS FOR THE PURPOSE OF DETERMINING THE NAV ............................................................. 76 9.2 NAV FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG-PERSARAAN .................................. 76 9.3 PRICING POLICY ................................................................................................................................................. 76 9.4 SINGLE PRICING POLICY FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG - PERSARAAN…………………………………………………… ..... ………………………………...…………..77 9.5 TRANSACTION DETAILS....................................................................................................................................... 80 9.6 PAYMENT OF INCOME DISTRIBUTION ............................................................................................................... 81 9.7 ADDITIONAL INFORMATION……………………………………………………………………………………… .. 83 10. MANAGEMENT AND ADMINISTRATION ...................................................................................................... 85 10.1 GENERAL INFORMATION ON ASNB .................................................................................................................. 85 10.2 THE BOARD OF DIRECTORS ................................................................................................................................ 85 10.3 COMPANY SECRETARY ...................................................................................................................................... 88 10.4 KEY MANAGEMENT STAFF .................................................................................................................................. 88 10.5 SENIOR COMPLIANCE OFFICER ........................................................................................................................ 89 10.6 FINANCIAL INFORMATION ON ASNB ............................................................................................................... 90 10.7 ROLES, DUTIES AND RESPONSIBILITIES OF THE MANAGEMENT COMPANY .................................................. 90 10.8 FUNCTIONS OF THE INVESTMENT COMMITTEES OF THE FUNDS .................................................................... 90 10.9 THE INVESTMENT MANAGER .............................................................................................................................. 93 10.10 RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGEMENT COMPANY ........................................ 97 10.11 POWERS OF THE MANAGEMENT COMPANY TO REMOVE THE TRUSTEE ...................................................... 98 10.12 DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION ......................................................... 98 11. TRUSTEE .......................................................................................................................................................... 99 11.1 GENERAL INFORMATION ................................................................................................................................... 99 11.2 FINANCIAL INFORMATION ................................................................................................................................. 99 11.3 BOARD OF DIRECTORS ....................................................................................................................................... 99 11.4 KEY MANAGEMENT STAFF ................................................................................................................................ 100 11.5 DUTIES AND OBLIGATIONS ............................................................................................................................... 100 11.6 RETIREMENT, REMOVAL AND REPLACEMENT ................................................................................................ 101 11.7 POWER OF TRUSTEE TO REMOVE OR REPLACE THE MANAGER .................................................................. 101

www.asnb.com.my | TABLE OF CONTENTS v

11.8 STATEMENT OF RESPONSIBILITY ........................................................................................................................ 101 11.9 DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION ....................................................... 101 12. SALIENT TERMS OF THE DEED ...................................................................................................................... 102 12.1 RIGHTS AND LIABILITIES OF UNITHOLDERS ...................................................................................................... 102 12.2 MAXIMUM FEES AND CHARGES PERMITTED BY THE DEED ........................................................................... 104 12.3 INCREASE IN FEES AND CHARGES FROM THE LEVEL DISCLOSED IN THE PROSPECTUS AND THE

MAXIMUM RATE PROVIDED IN THE DEED................................................................................................... 106 12.4 PERMITTED EXPENSES PAYABLE OUT OF THE FUNDS' PROPERTY......................................................... ...... 106 12.5 REMOVAL, RETIREMENT AND REPLACEMENT OF THE MANAGER AND THE TRUSTEE ................................ 106 12.6 TERMINATION OF THE FUND. ........................................................................................................................... 106 12.7 UNITHOLDERS' MEETING ................................................................................................................................... 116

13. RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST ......................................................................... 119 13.1 EXISTING AND POTENTIAL RELATED PARTY TRANSACTIONS ....................................................................... 119 13.2 CONFLICT OF INTEREST .................................................................................................................................... 119 13.3 POLICIES ON DEALING WITH CONFLICT OF INTEREST SITUATIONS ............................................................ 119 13.4 DETAILS OF ASNB’S DIRECTORS’ DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS ............................................................................................................ 120 13.5 DETAILS OF ASNB’S SUBSTANTIAL SHAREHOLDERS’ DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS ............................................................... 120 13.6 DECLARATION OF CONFLICT OF INTEREST ................................................................................................... 120 14. TAXATION OF THE FUNDS ........................................................................................................................... 121 15. CONSENTS................................................................................................................................................... 122 16. APPROVAL AND CONDITIONS................................................................................................................... 123 16.1 EXEMPTIONS/VARIATIONS FROM THE SC GUIDELINES ................................................................................ 123 17. DOCUMENTS AVAILABLE FOR INSPECTION ............................................................................................. 138 18. ASNB OFFICES............................................................................................................................................. 139 18.1 ASNB OFFICES ................................................................................................................................................... 139 18.2 CUSTOMER AND AGENT RELATIONS DEPARTMENT ...................................................................................... 141 19. LIST OF AGENTS ................................................................................................................................. 142 20. APPLICATION FORMS AND LOAN FINANCING RISK DISCLOSURE STATEMENT ................................................ 143

ASG-PERSARAAN

www.asnb.com.my | TABLE OF CONTENTS iv

7. HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS……………………………………………......................64 7.1 AN EXTRACT ON THE FUNDS’ AUDITED FINANCIAL STATEMENTS FOR THE LAST THREE FINANCIAL YEARS .............................................................................................................................................. 64 7.2 ASN ....................................................................................................................................................................... 64 7.3 ASN 2 .................................................................................................................................................................... 65 7.4 ASN 3 .................................................................................................................................................................... 65 7.5 ASG ....................................................................................................................................................................... 66 7.6 ASB ........................................................................................................................................................................ 67 7.7 ASW 2020 ............................................................................................................................................................. 67 7.8 ASM ...................................................................................................................................................................... 68 7.9 ASD ....................................................................................................................................................................... 68 7.10 AS 1MALAYSIA ..................................................................................................................................................... 68 7.11 TOTAL ANNUAL EXPENSES INCURRED BY THE FUNDS ...................................................................................... 69 7.12 MANAGEMENT EXPENSE RATIO ........................................................................................................................ 70 8. FEES, CHARGES AND EXPENSES ................................................................................................................... 72 8.1 CHARGES AND FEES DIRECTLY INCURRED WHEN PURCHASING OR REDEEMING UNITS OF THE FUNDS . 72 8.2 CHARGES AND FEES INDIRECTLY INCURRED ................................................................................................... 73 9. TRANSACTION INFORMATION ..................................................................................................................... 76 9.1 VALUATION POINTS FOR THE PURPOSE OF DETERMINING THE NAV ............................................................. 76 9.2 NAV FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG-PERSARAAN .................................. 76 9.3 PRICING POLICY ................................................................................................................................................. 76 9.4 SINGLE PRICING POLICY FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG - PERSARAAN…………………………………………………… ..... ………………………………...…………..77 9.5 TRANSACTION DETAILS....................................................................................................................................... 80 9.6 PAYMENT OF INCOME DISTRIBUTION ............................................................................................................... 81 9.7 ADDITIONAL INFORMATION……………………………………………………………………………………… .. 83 10. MANAGEMENT AND ADMINISTRATION ...................................................................................................... 85 10.1 GENERAL INFORMATION ON ASNB .................................................................................................................. 85 10.2 THE BOARD OF DIRECTORS ................................................................................................................................ 85 10.3 COMPANY SECRETARY ...................................................................................................................................... 88 10.4 KEY MANAGEMENT STAFF .................................................................................................................................. 88 10.5 SENIOR COMPLIANCE OFFICER ........................................................................................................................ 89 10.6 FINANCIAL INFORMATION ON ASNB ............................................................................................................... 90 10.7 ROLES, DUTIES AND RESPONSIBILITIES OF THE MANAGEMENT COMPANY .................................................. 90 10.8 FUNCTIONS OF THE INVESTMENT COMMITTEES OF THE FUNDS .................................................................... 90 10.9 THE INVESTMENT MANAGER .............................................................................................................................. 93 10.10 RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGEMENT COMPANY ........................................ 97 10.11 POWERS OF THE MANAGEMENT COMPANY TO REMOVE THE TRUSTEE ...................................................... 98 10.12 DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION ......................................................... 98 11. TRUSTEE .......................................................................................................................................................... 99 11.1 GENERAL INFORMATION ................................................................................................................................... 99 11.2 FINANCIAL INFORMATION ................................................................................................................................. 99 11.3 BOARD OF DIRECTORS ....................................................................................................................................... 99 11.4 KEY MANAGEMENT STAFF ................................................................................................................................ 100 11.5 DUTIES AND OBLIGATIONS ............................................................................................................................... 100 11.6 RETIREMENT, REMOVAL AND REPLACEMENT ................................................................................................ 101 11.7 POWER OF TRUSTEE TO REMOVE OR REPLACE THE MANAGER .................................................................. 101

www.asnb.com.my |1. GLOSSARY OF TERMS/ABBREVIATION 1

1. GLOSSARY OF TERMS/ABBREVIATION

In this Prospectus, except where the context otherwise requires, the following words and expressions shall bear the following meanings: Act AMB

The Capital Markets and Services Act, 2007, including all amendments thereto and all regulations, rules and guidelines issued in connection therewith Amanah Mutual Berhad (195414-U)

Sekim Amanah Saham Nasional

Amanah Saham Nasional 2

Amanah Saham Nasional 3 Imbang

Amanah Saham Gemilang, the umbrella fund for Amanah Saham Pendidikan, Amanah Saham Kesihatan and Amanah Saham Persaraan

ASG-Pendidikan

Amanah Saham Pendidikan

ASG- Kesihatan

Amanah Saham Kesihatan

ASG- Persaraan Amanah Saham Persaraan

Skim Amanah Saham Bumiputera

ASW 2020

Amanah Saham Wawasan 2020

Amanah Saham Malaysia

ASD Amanah Saham Didik

AS 1Malaysia Amanah Saham 1Malaysia

Amanah Saham Nasional Berhad (47457-V)

Bursa Malaysia

Bursa Malaysia Securities Berhad (635998-W)

Business Day

A day on which the Bursa Malaysia is open for dealings

For each of the Funds, the respective Principal Deed and Supplementary Deeds particularly: In respect of ASN, the Deed dated April 14, 1981, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 30, 1981, November 15, 1990, December 30, 1991, July 10, 1993, November 1, 1997, February 13, 2004, November 17, 2006, May 18, 2007, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASN 2, the Deed dated June 8, 1999, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010

www.asnb.com.my | 1. GLOSSARY OF TERMS/ABBREVIATION 2

In respect of ASN 3, the Deed dated September 24, 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deeds dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASG, the Deed dated March 11, 2003, between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASB, the Deed dated October 21, 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 18, 1993, November 1, 1997, November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008, October 29, 2008 and June 10, 2010 In respect of ASW 2020, the Deed dated August 14, 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, December 3, 2004, August 11, 2006, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASM, the Deed dated April 13, 2000, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASD, the Deed dated April 14, 2001, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of AS 1Malaysia, the Deed dated June 25, 2009 and June 10, 2010 made between the Manager and the Trustee for the benefit of the Unitholders

Eligible Market

Any market, such as the stock market, futures market, money market and over-the-counter private debt securities market, as agreed in writing from time to time by the Manager and Trustee, which falls within the definition of an eligible market as defined in the Guidelines

Employees Provident Fund Board, established under the Employees Provident Fund Act, 1991

EPF Members’ Investment Scheme

Part of a Unitholder’s contribution in the EPF which may be invested in ASN 2, ASD, ASN 3, ASG and ASW 2020, subject to the rules and regulations of the EPF

FBM 100

FTSE Bursa Malaysia Top 100 Index

Financial Reporting Standards, as issued and approved by the Malaysian Accounting Standards Board and amended from time to time

Guidelines

Guidelines on Unit Trust Funds of the Securities Commission

KLIBOR

Kuala Lumpur Interbank Offered Rates

May 31, 2010, being the latest practicable date for the purposes of ascertaining the information contained in this Prospectus

Manager/ Management Company

Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia namely Amanah Saham Nasional Berhad

Management Expense Ratio (MER)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the sum of fees and recovered expenses of the respective Fund to the average Net Asset Value of the Fund that is calculated on daily basis

For ASB, ASW 2020, ASM, ASD and AS 1Malaysia the ratio of the sum of fees and recovered expenses of the respective Fund to the average Value of the Fund at cost that is calculated on daily basis

Malaysian Rating Corporation Berhad (364803-V)

Minimum Initial Investment

The minimum number of units that an eligible investor shall purchase as an initial investment in the Fund

Net Asset Value (NAV)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the NAV is determined by deducting the value of the Fund’s liabilities from the value of the Fund’s assets, at the Valuation Point

NAV per unit PHNB

The NAV of the Fund divided by the UIC Pelaburan Hartanah Nasional Berhad (175967-W)

PNB Permodalan Nasional Berhad (38218-X), the holding company of ASNB, and the Investment Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia

Portfolio Turnover Ratio (PTR)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the average total acquisitions and disposals of the Fund for the year to the average Net Asset Value of the Fund that is calculated on daily basis ASB, ASW 2020, ASM, ASD and AS 1Malaysia the ratio of the average total acquisitions and disposals of the Fund for the year to the average Value of the Fund at cost that is calculated on daily basis

RAM Holdings Berhad (208095-U)

RM and sen The currency of Malaysia SC

Securities Commission of Malaysia

Trustee

AmanahRaya Trustees Berhad (766894-T)

UIC Units in circulation

Unit Trust Fund/Fund

ASN or ASN 2 or ASN 3 or ASG-Pendidikan, or ASG-Kesihatan, or ASG-Persaraan or ASB or ASW 2020 or ASM, or ASD or AS 1Malaysia, as the case may be

Employees Provident Fund B oard, established under the Employees P rovident F und

In respect of ASN 3, the Deed dated September 24, 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deeds dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASG, the Deed dated March 11, 2003, between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASB, the Deed dated October 21, 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 18, 1993, November 1, 1997, November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008, October 29, 2008 and June 10, 2010 In respect of ASW 2020, the Deed dated August 14, 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, December 3, 2004, August 11, 2006, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASM, the Deed dated April 13, 2000, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of ASD, the Deed dated April 14, 2001, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010 In respect of AS 1Malaysia, the Deed dated June 25, 2009 and June 10, 2010 made between the Manager and the Trustee for the benefit of the Unitholders

Eligible Market

Any market, such as the stock market, futures market, money market and over-the-counter private debt securities market, as agreed in writing from time to time by the Manager and Trustee, which falls within the definition of an eligible market as defined in the Guidelines

Employees Provident Fund Board, established under the Employees Provident Fund Act, 1991

EPF Members’ Investment Scheme

Part of a Unitholder’s contribution in the EPF which may be invested in ASN 2, ASD, ASN 3, ASG and ASW 2020, subject to the rules and regulations of the EPF

FBM 100

FTSE Bursa Malaysia Top 100 Index

Financial Reporting Standards, as issued and approved by the Malaysian Accounting Standards Board and amended from time to time

Guidelines

Guidelines on Unit Trust Funds of the Securities Commission

KLIBOR

Kuala Lumpur Interbank Offered Rates

May 31, 2010, being the latest practicable date for the purposes of ascertaining the information contained in this Prospectus

Manager/ Management Company

Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia namely Amanah Saham Nasional Berhad

Management Expense Ratio (MER)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the sum of fees and recovered expenses of the respective Fund to the average Net Asset Value of the Fund that is calculated on daily basis

For ASB, ASW 2020, ASM, ASD and AS 1Malaysia the ratio of the sum of fees and recovered expenses of the respective Fund to the average Value of the Fund at cost that is calculated on daily basis

Malaysian Rating Corporation Berhad (364803-V)

Minimum Initial Investment

The minimum number of units that an eligible investor shall purchase as an initial investment in the Fund

Net Asset Value (NAV)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the NAV is determined by deducting the value of the Fund’s liabilities from the value of the Fund’s assets, at the Valuation Point

NAV per unit PHNB

The NAV of the Fund divided by the UIC Pelaburan Hartanah Nasional Berhad (175967-W)

PNB Permodalan Nasional Berhad (38218-X), the holding company of ASNB, and the Investment Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia

Portfolio Turnover Ratio (PTR)

For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the average total acquisitions and disposals of the Fund for the year to the average Net Asset Value of the Fund that is calculated on daily basis ASB, ASW 2020, ASM, ASD and AS 1Malaysia the ratio of the average total acquisitions and disposals of the Fund for the year to the average Value of the Fund at cost that is calculated on daily basis

RAM Holdings Berhad (208095-U)

RM and sen The currency of Malaysia SC

Securities Commission of Malaysia

Trustee

AmanahRaya Trustees Berhad (766894-T)

UIC Units in circulation

Unit Trust Fund/Fund

ASN or ASN 2 or ASN 3 or ASG-Pendidikan, or ASG-Kesihatan, or ASG-Persaraan or ASB or ASW 2020 or ASM, or ASD or AS 1Malaysia, as the case may be

Unit Trusts/ Unit Trust Schemes/Unit Trust Funds/ Funds

All or any of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia

Unitholder/ Registered Holder

The person registered for the time being as a holder of units in any Fund in accordance with the provisions of the Deed

Valuation Point

Valuation is done at mid-day and at the end of each Business Day

Value of the Fund (VOF)

For ASB, ASW 2020, ASM, ASD and AS 1Malaysia the VOF at cost is determined by deducting the value of the Fund’s liabilities from the value of all the Fund’s assets

Definitions or meanings of words not otherwise expressed above shall follow the meaning or interpretation as ascribed in the Guidelines and any other relevant laws governing unit trust funds.

www.asnb.com.my | 2. CORPORATE DIRECTORY 5

2. CORPORATE DIRECTORY Manager/ Management Company ASNB (47457-V)

Board of Directors of PNB (Investment Manager of the Funds) 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) 3. Tan Sri Asmat bin Kamaludin Director (Non-Executive/Independent Director) 4. Tan Sri Datuk Amar Bujang bin Mohammed Bujang

Mohammed Nor Director (Non-Executive/Independent Director) 5. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) 6. Dato’ Seri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director)

Members of Investment Committee of ASB, ASM, ASD, AS 1Malaysia, ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 4. Dato’ Dr. Abdul Halim bin Haji Ismail (Independent Member)

Members of Investment Committee of ASW 2020 1. Dato’ Dr. Abdul Halim bin Haji Ismail Chairman (Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Faizah binti Mohd Tahir (Independent Member) 4. Encik Sreesanthan a/l Eliathamby (Independent Member) Audit Committee of the Board of Directors of PNB 1. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) 2. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 3. Tan Sri Datuk Amar Bujang bin Mohammed Bujang

Mohammed Nor (Independent Member)

Registered Office of ASNB 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.asnb.com.my

Business Office ASNB Main Counter First Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.asnb.com.my

Trustee AmanahRaya Trustees Berhad (766894-T) Registered Office 11th Floor, Wisma AmanahRaya No. 2, Jalan Ampang 50508 Kuala Lumpur Tel : 03-2055 7388 Website: www.amanahraya.com.my

Business Office AmanahRaya Trustees Berhad (766894-T) Tingkat 2, Wisma TAS No. 21, Jalan Melaka 50100 Kuala Lumpur Tel : 03-2036 5000 Website: www.amanahraya.com.my

Board of Directors of ASNB 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) 3. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) 4. Tan Sri Dato’ Md. Desa bin Pachi Director (Non-Executive/Independent Director) 5. Dato’ Seri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director) 6. Encik Idris bin Kechot Director (Executive/Non-Independent Director)

Unit Trusts/ Unit Trust Schemes/Unit Trust Funds/ Funds

All or any of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia

Unitholder/ Registered Holder

The person registered for the time being as a holder of units in any Fund in accordance with the provisions of the Deed

Valuation Point

Valuation is done at mid-day and at the end of each Business Day

Value of the Fund (VOF)

For ASB, ASW 2020, ASM, ASD and AS 1Malaysia the VOF at cost is determined by deducting the value of the Fund’s liabilities from the value of all the Fund’s assets

Definitions or meanings of words not otherwise expressed above shall follow the meaning or interpretation as ascribed in the Guidelines and any other relevant laws governing unit trust funds.

2. CORPORATE DIRECTORY Manager/ Management Company ASNB (47457-V)

Board of Directors of PNB (Investment Manager of the Funds) 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) 3. Tan Sri Asmat bin Kamaludin Director (Non-Executive/Independent Director) 4. Tan Sri Datuk Amar Bujang bin Mohammed Bujang

Mohammed Nor Director (Non-Executive/Independent Director) 5. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) 6. Dato’ Seri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director)

Members of Investment Committee of ASB, ASM, ASD, AS 1Malaysia, ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 4. Dato’ Dr. Abdul Halim bin Haji Ismail (Independent Member)

Members of Investment Committee of ASW 2020 1. Dato’ Dr. Abdul Halim bin Haji Ismail Chairman (Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Faizah binti Mohd Tahir (Independent Member) 4. Encik Sreesanthan a/l Eliathamby (Independent Member) Audit Committee of the Board of Directors of PNB 1. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) 2. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 3. Tan Sri Datuk Amar Bujang bin Mohammed Bujang

Mohammed Nor (Independent Member)

Registered Office of ASNB 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.asnb.com.my

Business Office ASNB Main Counter First Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.asnb.com.my

Trustee AmanahRaya Trustees Berhad (766894-T) Registered Office 11th Floor, Wisma AmanahRaya No. 2, Jalan Ampang 50508 Kuala Lumpur Tel : 03-2055 7388 Website: www.amanahraya.com.my

Business Office AmanahRaya Trustees Berhad (766894-T) Tingkat 2, Wisma TAS No. 21, Jalan Melaka 50100 Kuala Lumpur Tel : 03-2036 5000 Website: www.amanahraya.com.my

Board of Directors of ASNB 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) 3. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) 4. Tan Sri Dato’ Md. Desa bin Pachi Director (Non-Executive/Independent Director) 5. Dato’ Seri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director) 6. Encik Idris bin Kechot Director (Executive/Non-Independent Director)

Compliance Committee of the Board of Directors of PNB 1. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 4. Encik Paisol bin Ahmad (Non-Independent Member )

Solicitors 1. Messrs. Zain & Co.

6th & 7th Floors, Menara Etiqa 23, Jalan Melaka 50100 Kuala Lumpur Tel: 03-2698 6255

2. Messrs. Zainal Abidin & Co.

Suite 1803 - 1806, 18th Floor, Plaza Permata Jalan Kampar Off Jalan Tun Razak

President and Group Chief Executive, PNB Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman

50400 Kuala Lumpur Tel: 03-4041 5266

3. Messrs. Hamzah & Ong Advocates

Lot 216, Tingkat 1 Jalan Haji Taha 93400 Kuching Sarawak

Tel: 082-246 876

4. Messrs. Marzuki Spawi & Co. 2nd Floor, Lot 5, Block D, Sinsuran Complex P.O Box 14795 88855, Kota Kinabalu Sabah Tel: 088 -246 142 / 088-234 937

Principal Bankers 1. Malayan Banking Berhad (3813-K).

14th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2070 8833

2. CIMB Bank Berhad (13491-P)

5th Floor, Bangunan CIMB Jalan Semantan, Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 0379

Deputy President - Unit Trust/ Executive Director of ASNB Encik Idris bin Kechot Company Secretary Puan Adibah Khairiah binti Ismail @ Daud (MIA 13755) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Investment Manager of the Funds Permodalan Nasional Berhad (38218-X) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.pnb.com.my Auditors Messrs. Hanafiah Raslan & Mohamad (AF 0002) Level 23A, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara 50490 Kuala Lumpur Tel: 03-7495 8000 ASNB Offices and Agents Please refer to Sections 18 and 19 for further details

FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FiMM) 19-07-03, 7th Floor PNB Damansara 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 2600 Website: www.fimm.com.my

www.asnb.com.my | 3. KEY DATA 7

3. KEY DATA Investors are advised that this section is only a summary of the salient information about the Funds. Investors should read and understand the whole Prospectus, before making any investment decisions. 3.1 ASN

Name of the Fund ASN Page

Fund Category/Type Equity/Growth

Date of Launching April 20, 1981

Investment Objective

The Fund seeks to generate reasonable level of distribution income and capital appreciation to the Unitholders through a diversified portfolio of investments.

Principal Investment Strategy

The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run.

Asset Allocation The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.

Performance Benchmark

80% of FBM 100 and 20% of 3-month KLIBOR The performance of the Fund is expressed in terms of the respective Fund’s Total Returns benchmarked against a pre-determined Customised Benchmark, which is a composition of FBM 100 or any equivalent Bursa Malaysia indices and the 3-month KLIBOR. Both benchmarks are obtainable at Bursa Malaysia and commercial banks respectively.

Principal Risks of Investing

Market risk Stock specific risk Fluctuation in NAV

Distribution of income depends on the performance of the Fund, and distribution may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income.

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth

Distribution Policy The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee.

Approved Fund Size 2.5 billion units.

UIC as at LPD 1.57 billion units

Pricing NAV per unit which is determined based on historical pricing and calculated at the end of the preceding Business Day. However, sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee.

Financial Year End December 31

Deed The Deed dated April 14, 1981, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 30, 1981, November 15, 1990, December 30, 1991, July 10, 1993, November 1, 1997, February 13, 2004, November 17, 2006, May 18, 2007, May 28, 2008, July 10, 2008 and June 10, 2010.

Eligibility Malaysian Bumiputera aged 18 years and above. Others as specified by the Deed.

Fund Allocation Nil.

(Non-Independent Member)

Compliance Committee of the Board of Directors of PNB 1. Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) 2. Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Dato’ Md. Desa bin Pachi (Independent Member) 4. Encik Paisol bin Ahmad (Non-Independent Member )

Solicitors 1. Messrs. Zain & Co.

6th & 7th Floors, Menara Etiqa 23, Jalan Melaka 50100 Kuala Lumpur Tel: 03-2698 6255

2. Messrs. Zainal Abidin & Co.

Suite 1803 - 1806, 18th Floor, Plaza Permata Jalan Kampar Off Jalan Tun Razak

President and Group Chief Executive, PNB Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman

50400 Kuala Lumpur Tel: 03-4041 5266

3. Messrs. Hamzah & Ong Advocates

Lot 216, Tingkat 1 Jalan Haji Taha 93400 Kuching Sarawak

Tel: 082-246 876

4. Messrs. Marzuki Spawi & Co. 2nd Floor, Lot 5, Block D, Sinsuran Complex P.O Box 14795 88855, Kota Kinabalu Sabah Tel: 088 -246 142 / 088-234 937

Principal Bankers 1. Malayan Banking Berhad (3813-K).

14th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2070 8833

2. CIMB Bank Berhad (13491-P)

5th Floor, Bangunan CIMB Jalan Semantan, Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 0379

Deputy President - Unit Trust/ Executive Director of ASNB Encik Idris bin Kechot Company Secretary Puan Adibah Khairiah binti Ismail @ Daud (MIA 13755) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Investment Manager of the Funds Permodalan Nasional Berhad (38218-X) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.pnb.com.my Auditors Messrs. Hanafiah Raslan & Mohamad (AF 0002) Level 23A, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara 50490 Kuala Lumpur Tel: 03-7495 8000 ASNB Offices and Agents Please refer to Sections 18 and 19 for further details

FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FiMM) 19-07-03, 7th Floor PNB Damansara 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 2600 Website: www.fimm.com.my

3. KEY DATA Investors are advised that this section is only a summary of the salient information about the Funds. Investors should read and understand the whole Prospectus, before making any investment decisions. 3.1 ASN

Name of the Fund ASN Page

The Fund seeks to generate reasonable level of distribution income and capital appreciation to the Unitholders through a diversified portfolio of investments.

80% of FBM 100 and 20% of 3-month KLIBOR The performance of the Fund is expressed in terms of the respective Fund’s Total Returns benchmarked against a pre-determined Customised Benchmark, which is a composition of FBM 100 or any equivalent Bursa Malaysia indices and the 3-month KLIBOR. Both benchmarks are obtainable at Bursa Malaysia and commercial banks respectively.

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth

Deed The Deed dated April 14, 1981, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 30, 1981, November 15, 1990, December 30, 1991, July 10, 1993, November 1, 1997, February 13, 2004, November 17, 2006, May 18, 2007, May 28, 2008, July 10, 2008 and June 10, 2010.

3.2 ASN 2

Name of the Fund ASN 2 Page

Date of Launching June 9, 1999

To provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in accordance with the Deed, the Guidelines and securities law in a diversified portfolio of securities, principally in Malaysian equity securities.

80% of FBM 100 and 20% of 3-month KLIBOR The performance of the Fund is expressed in terms of the Fund’s Total Returns benchmarked against a pre-determined Customised Benchmark, which is a composition of FBM 100 or any equivalent Bursa Malaysia indices and the 3-month KLIBOR. Both benchmarks are obtainable at Bursa Malaysia and commercial banks respectively.

Distribution of income depends on the performance of the Fund, and distribution may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth.

UIC as at LPD 215.33 million units

Financial Year End June 30

Deed The Deed dated June 8, 1999, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

3.3 ASN 3 Name of the Fund ASN 3 Page

Fund Category/Type Equity and other capital market instruments/Balanced

Date of Launching October 16, 2001

To generate capital growth over the medium to long-term period by investing in a balanced portfolio of investments and through re-investment of distribution, if any.

Asset Allocation The Fund will invest up to 75% of its NAV in equities while maintaining at least 25% in other capital market instruments, inclusive of liquid assets.

Market risk Stock specific risk Credit risk/default risk Fluctuation in NAV

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek balanced growth.

UIC as at LPD 127.49 million

Financial Year End November 30

Deed The Deed dated September 24, 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deed dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

Eligibility Malaysians aged 18 years and above. Others as specified by the Deed.

3.2 ASN 2

Name of the Fund ASN 2 Page

Date of Launching June 9, 1999

To provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in accordance with the Deed, the Guidelines and securities law in a diversified portfolio of securities, principally in Malaysian equity securities.

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth.

Deed The Deed dated June 8, 1999, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

3.3 ASN 3 Name of the Fund ASN 3 Page

Fund Category/Type Equity and other capital market instruments/Balanced

Date of Launching October 16, 2001

To generate capital growth over the medium to long-term period by investing in a balanced portfolio of investments and through re-investment of distribution, if any.

Asset Allocation The Fund will invest up to 75% of its NAV in equities while maintaining at least 25% in other capital market instruments, inclusive of liquid assets.

Market risk Stock specific risk Credit risk/default risk Fluctuation in NAV

Investors’ Profile Have a medium to long-term investment horizon. Understand investment risk and reward. Seek balanced growth.

UIC as at LPD 127.49 million

Financial Year End November 30

Deed The Deed dated September 24, 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deed dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

3.4 ASG - PENDIDIKAN

Name of the Fund ASG - PENDIDIKAN Page

Fund Category/Type Fixed income securities and other capital market instruments/Growth and Income

Date of Launching March 17, 2003

To provide investment opportunity which generates reasonable long-term growth and returns to meet part or all of the periodic liquidity requirements of the Unitholders and enable them to fulfil the financial planning needs for education of the Unitholders and/or their children and/or charges.

Asset Allocation The Fund will invest between 20% and 70% of its NAV in fixed income securities and cash equivalent, and the remaining in equities and other capital market instruments.

Market risk Credit risk/default risk Fluctuation in NAV

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward. Seek capital growth.

This Fund would be suitable for: Those who wish to have an avenue to save in a fund specially meant to finance

part or all of their expected educational expenses, and/or Those who wish to start long-term saving for each of their children or charges

under their guardianship, in a fund specifically meant to finance their expected educational expenses, and/or

Those who wish to utilise the proceeds from distribution of income, if any, to finance the insurance premium for education purposes.

Approved Fund Size Collectively the three unit trust funds under the umbrella of ASG have cumulative maximum size of 1.0 billion units.

Pricing NAV per unit which is determined based on historical pricing and calculated at the end of the preceding Business Day. However, an initial sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee.

Financial Year End March 31

Deed The Deed dated March 11, 2003, between the Manager, the Trustee and the Unitholders, together with the Supplementary Deed dated November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

Eligibility • Malaysians. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old

and above but below 18 years. Both guardian and minor must be Malaysian). Others as specified by the Deed.

3.4 ASG - PENDIDIKAN

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward. Seek capital growth.

This Fund would be suitable for: Those who wish to have an avenue to save in a fund specially meant to finance

part or all of their expected educational expenses, and/or Those who wish to start long-term saving for each of their children or charges

under their guardianship, in a fund specifically meant to finance their expected educational expenses, and/or

Those who wish to utilise the proceeds from distribution of income, if any, to finance the insurance premium for education purposes.

Pricing NAV per unit which is determined based on historical pricing and calculated at the end of the preceding Business Day. However, an initial sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee.

3.5 ASG – KESIHATAN

Name of the Fund ASG - KESIHATAN Page

Fund Category/Type Equity/Growth and Income

To provide investment opportunity which generates reasonable long-term growth and returns to fulfil part or all of the immediate liquidity requirements to enable the Unitholders and/or their children and/or charges to continuously meet their ongoing medical requirements in the long-term.

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward Seek capital growth.

This Fund would be suitable for: Those who are not insured for medical purposes, and/or Those who wish to have a fund specially meant to finance their expected future

medical expenses, and/or Those who have limited cashflow and find it difficult to participate in any medical

insurance policy which requires regular and fixed monthly premium payment, and/or

Those who wish to start saving for each of their children or charges under their guardianship so that the children would have funds meant to finance their expected future medical expense.

3.5 ASG – KESIHATAN

Fund Category/Type Equity/Growth and Income

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward Seek capital growth.

This Fund would be suitable for: Those who are not insured for medical purposes, and/or Those who wish to have a fund specially meant to finance their expected future

medical expenses, and/or Those who have limited cashflow and find it difficult to participate in any medical

insurance policy which requires regular and fixed monthly premium payment, and/or

Those who wish to start saving for each of their children or charges under their guardianship so that the children would have funds meant to finance their expected future medical expense.

3.6 ASG – PERSARAAN

Name of the Fund ASG - PERSARAAN Page

To provide investment opportunity which generates reasonable long-term growth and returns, and a reliable income stream to enable the Unitholders and/or their children and/or charges to meet part or all of their retirement needs.

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward. Seek balanced growth.

This Fund would be suitable for: Those who are self-employed and wish to have an avenue to save for their

retirement, and/or Those who already have retirement benefits but wish to have additional avenue

for long-term saving in a fund specifically meant to finance their retirement expenses, and/or

Those who wish to start long-term saving for the future retirement of their children or charges under their guardianship.

3.6 ASG – PERSARAAN

Investors’ Profile Have a long-term investment horizon. Understand investment risk and reward. Seek balanced growth.

This Fund would be suitable for: Those who are self-employed and wish to have an avenue to save for their

retirement, and/or Those who already have retirement benefits but wish to have additional avenue

for long-term saving in a fund specifically meant to finance their retirement expenses, and/or

Those who wish to start long-term saving for the future retirement of their children or charges under their guardianship.

3.7 ASB

Name of the Fund ASB Page

Fund Category/Type Equity/Income

Date of Launching January 2, 1990

To generate long-term, consistent and competitive returns to the Unitholders whilst ensuring the preservation of capital at minimal risk tolerance level.

The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to preserve the value of the capital and generate competitive returns in the long run.

Asset Allocation The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment.

3-month KLIBOR Being fixed-price Fund, the performance of the Fund is expressed in terms of the Fund’s Annual Income Distribution Yield, benchmarked against the 3-month KLIBOR, which is obtainable at any commercial bank.

Market risk Credit risk/default risk

Investors’ Profile Those who understand investment risk and reward and expect to benefit from long-term growth of the Fund through re-investment of distribution (if any) as well as to receive regular income (if any) on their capital.

Distribution Policy The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee. For ASB, PNB, at its discretion, may pay out of its own income, bonus units to you.

Approved Fund Size Unlimited.

Pricing Fixed at RM1.00 per unit. 77

Deed The Deed dated October 21, 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 18, 1993, November 1, 1997, November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008, October 29, 2008 and June 10, 2010.

Eligibility Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 12 years old

and above but below 18 years. Both guardian and minor must be Malaysian Bumiputera).

Others as specified by the Deed.

3.8 ASW 2020

Name of the Fund ASW 2020 Page

Date of Launching August 28, 1996

To provide reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investments.

We would distribute the income, depending on the performance of the Fund and may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income.

Distribution Policy The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee.

Financial Year End August 31

Deed The Deed dated August 14, 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, December 3, 2004, August 11, 2006, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

Eligibility • Malaysians. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 6 months old

Fund Allocation Minimum of 51% of the approved Fund size is for eligible Malaysian Bumiputera, while the remaining 49% is for eligible Malaysians.

3.7 ASB

Name of the Fund ASB Page

Date of Launching January 2, 1990

To generate long-term, consistent and competitive returns to the Unitholders whilst ensuring the preservation of capital at minimal risk tolerance level.

Distribution Policy The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee. For ASB, PNB, at its discretion, may pay out of its own income, bonus units to you.

Approved Fund Size Unlimited.

Deed The Deed dated October 21, 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated December 18, 1993, November 1, 1997, November 23, 2000, February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008, October 29, 2008 and June 10, 2010.

Eligibility Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 12 years old

and above but below 18 years. Both guardian and minor must be Malaysian Bumiputera).

3.8 ASW 2020

Name of the Fund ASW 2020 Page

Date of Launching August 28, 1996

To provide reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investments.

We would distribute the income, depending on the performance of the Fund and may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income.

Distribution Policy The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee.

Financial Year End August 31

Deed The Deed dated August 14, 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, December 3, 2004, August 11, 2006, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

Eligibility • Malaysians. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 6 months old

Fund Allocation Minimum of 51% of the approved Fund size is for eligible Malaysian Bumiputera, while the remaining 49% is for eligible Malaysians.

3.9 ASM

Name of the Fund ASM Page

To provide Unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments.

Distribution of income, depends on the performance of the Fund, and distribution may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income.

Deed The Deed dated April 13, 2000, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated February 13, 2004, November 17, 2006, May 28, 2008, July 10, 2008 and June 10, 2010.

3.10 ASD

Name of the Fund ASD Page

To provide investment opportunity that generates reasonable long-term growth and return.

Investors’ Profile Those who understand investment risk and reward and are seeking growth of capital over the long-term period through re-investment of distribution (if any), for providing future financial needs for education expenses of the investors and those of their families.

Eligibility • Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old and

above but below 18 years. Both guardian and minor must be Malaysian Bumiputera).

3.9 ASM

Name of the Fund ASM Page

To provide Unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments.

Distribution of income, depends on the performance of the Fund, and distribution may vary from time to time. It is not the policy of the Fund to guarantee any distribution of income.

3.10 ASD

Name of the Fund ASD Page

To provide investment opportunity that generates reasonable long-term growth and return.

Investors’ Profile Those who understand investment risk and reward and are seeking growth of capital over the long-term period through re-investment of distribution (if any), for providing future financial needs for education expenses of the investors and those of their families.

Eligibility • Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old and

above but below 18 years. Both guardian and minor must be Malaysian Bumiputera).

3.11 AS 1MALAYSIA

Name of the Fund AS 1MALAYSIA Page

Fund Category/Type

Equity/Income

Date of Launching

August 5, 2009

The Fund seeks to provide regular and consistent income stream whilst preserving the Unitholders’ investment capital over a long term horizon through a diversified portfolio of investment.

The Fund will invest in a mix of assets comprising primarily in equities, fixed income securities and other capital market instruments to generate the expected competitive returns at reasonable risk level.

Asset Allocation The Fund seeks to achieve its objective by investing up to 90% of its VOF in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment.

Average 5-year MGS yield Being fixed-price Fund, the performance of the Fund is expressed in terms of the Fund’s Annual Income Distribution Yield, benchmarked against the average 5-year MGS yield which can be obtained at Bank Negara Malaysia’s (BNM) website and Bloomberg.

Market risk Credit Risk/Default Risk Currency Risk Individual Asset Risk

Investors’ Profile Investors who: Have a medium to long-term investment horizon. Understand investment risk and reward. Seek regular income (if any) for their investments.

Distribution Policy

The Fund will distribute its income, if any, to you, at our discretion, subject to approval from the Trustee.

Approved Fund Size

10 billion units.

Financial Year End

September 30

Deed The Deed dated June 25, 2009 and June 10, 2010 made between the Manager and the Trustee for the benefits of Unitholders.

Fund Allocation The Manager has the absolute discretion to offer the units in any manner deemed appropriate.

Other Condition ASNB to convert AS 1Malaysia to a variable price fund by marking the value of its investments to market prices by December 31, 2012.

3.12 FEES & CHARGES – VARIABLE PRICE (ASN, ASN 2, ASN 3 AND ASG) You must understand that there are fees and charges that are directly and indirectly charged to you before investing in the Funds. All charges are non-negotiable. This table describes the charges that you may DIRECTLY incur when you buy or redeem units of the Funds.

Charges ASN ASN 2 ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan Sales Charge1 5% of NAV

per unit 5% of NAV per unit. EPF Members’ Investment Scheme: Up to 3% of NAV per unit.

EPF Service Charge2 Nil Average net asset value of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year.

Redemption Charge Nil Nil Nil Nil Nil Nil Switching Fee Nil Nil Nil Nil Nil Nil Transfer Fee Nil Nil Nil Nil Nil Nil

This table describes the fees that you may INDIRECTLY incur when you invest in the Funds.

Fees ASN ASN 2 ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan

Annual Management Fee

Up to a maximum of 1.0% per annum of the NAV of the Fund, calculated and accrued daily, as may be agreed between the Trustee and Manager.

Annual Trustee's Fee

RM500,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily.

Fund Expenses These include the annual management fee, the annual Trustee’s fee, the auditors’ remuneration and other relevant professional fees, costs, charges and expenses in the printing and distribution of annual reports and notices, as well as expenses which are directly related to and necessary for the business of the respective Fund as set out in the Deed of the Fund, will be paid out of the Fund.

Note: 1. The Deed of each Fund above allows us to charge a sales charge of up to a maximum of 10% of the NAV per

unit of each Fund.

2. In the event that any of these Funds is unable to distribute its income, the EPF Service Charge will be deducted from the account of the affected Unitholder. Please refer to Section 8.1 under Service Charge Payable to EPF for further details.

unit of each Fund.

3.11 AS 1MALAYSIA

Fund Category/Type

Equity/Income

Date of Launching

August 5, 2009

The Fund seeks to provide regular and consistent income stream whilst preserving the Unitholders’ investment capital over a long term horizon through a diversified portfolio of investment.

The Fund will invest in a mix of assets comprising primarily in equities, fixed income securities and other capital market instruments to generate the expected competitive returns at reasonable risk level.

Asset Allocation The Fund seeks to achieve its objective by investing up to 90% of its VOF in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment.

Average 5-year MGS yield Being fixed-price Fund, the performance of the Fund is expressed in terms of the Fund’s Annual Income Distribution Yield, benchmarked against the average 5-year MGS yield which can be obtained at Bank Negara Malaysia’s (BNM) website and Bloomberg.

Market risk Credit Risk/Default Risk Currency Risk Individual Asset Risk

Investors’ Profile Investors who: Have a medium to long-term investment horizon. Understand investment risk and reward. Seek regular income (if any) for their investments.

Distribution Policy

The Fund will distribute its income, if any, to you, at our discretion, subject to approval from the Trustee.

Approved Fund Size

10 billion units.

Financial Year End

September 30

Deed The Deed dated June 25, 2009 and June 10, 2010 made between the Manager and the Trustee for the benefits of Unitholders.

Fund Allocation The Manager has the absolute discretion to offer the units in any manner deemed appropriate.

unit of each Fund.

3.13 FEES & CHARGES – FIXED PRICE (ASB, ASW 2020, ASM, ASD AND AS 1MALAYSIA) This table describes the charges that you may DIRECTLY incur when you buy or redeem units of the Funds.

Charges ASB ASW 2020 ASM ASD AS 1Malaysia Sales Charge Nil Nil Nil Nil Up to 1.0% of the

invested amount. However, the Manager has the discretion either to waive or to reduce the sales charge.

EPF Service Charge Nil Average net asset value of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year.

Nil Average net asset value of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year.

Redemption Charge Nil Nil Nil Nil Nil Switching Fee Nil Nil Nil Nil Nil Transfer Fee Nil Nil Nil Nil Nil

Fees ASB ASW 2020 ASM ASD AS 1Malaysia Annual Management Fee

Up to a maximum of 1.0% per annum of the VOF, calculated and accrued daily, as may be agreed between the Trustee and Manager.

RM500,000 RM500,000 RM300,000 or 0.08% per annum of the VOF, whichever is lower.

Up to 0.08% per annum of the VOF, subject to minimum of RM18,000 per annum.

Fund Expenses These include the annual management fee, the annual Trustee’s fee, the auditors’ remuneration and other relevant professional fees, costs, charges and expenses in the printing and distribution of annual reports and notices, as well as expenses which are directly related to and necessary for the business of the respective Funds as set out in the Deeds of the respective Funds, will be paid out of the respective Funds. Statutory payments such as stamp duties and taxes imposed by the authority will also be paid by the Fund.

For details on Fees, Charges and Expenses of the Funds, you may refer to Chapter 8: Fees, Charges and Expenses commencing on page 72. There are fees and charges involved and investors are advised to consider them before investing in the Funds. Unit prices and distributions payable, if any, may go down as well as up. Past performance of the Fund is not an indication of its future performance. For information concerning certain risk factors which should be considered by prospective investors, see “RISK FACTORS” commencing on page 27.

3.14 TRANSACTION INFORMATION Table 1: Investment/Subscription of Units

Minimum Initial Investment3

Minimum Additional Investment

Maximum Investment Investment Book

Investment Book

Certificate4 EPF Members’ Investment Scheme5

Variable Price ASN 10 units 1 unit

Multiples of 1,000 units

Not applicable Unlimited, subject to availability of units of the Fund.

ASN 2 100 units 100 units Not applicable RM1,000

ASN 3 100 units 1 unit Not applicable RM1,000

ASG- PENDIDIKAN

100 units

1 unit Not applicable RM1,000 Unlimited, subject to the cumulative maximum size of 1.0 billion units and availability of units.

ASG- KESIHATAN

100 units 1 unit Not applicable RM1,000

ASG- PERSARAAN

100 units

1 unit Not applicable RM1,000

Fixed Price ASB 10 units 1 unit Multiples of 1,000

units Not applicable Akaun Dewasa

200,000 units. The maximum investment may exceed 200,000 units due to re-investment of distribution of income, if any. Akaun Remaja 10,000 units. The maximum investment may exceed 10,000 units due to reinvestment of distribution of income, if any.

ASW 2020 100 units

1 unit Not applicable6 RM1,000 Unlimited, subject to availability of units of the Fund. ASM 100 units 1 unit Not applicable Not applicable

ASD 100 units 1 unit Not applicable RM1,000

AS 1Malaysia 100 units 1 unit Not applicable Not applicable

Note: 3. All investors are required to invest the stipulated Minimum Initial Investment in the Investment Book prior to

investing through certificate or EPF Members’ Investment Schemes.

4. The certificate issued to Unitholders would be a physical certificate or such other form as agreed by the Manager and Trustee from time to time.

5. Investment in ASW 2020, ASN 2, ASD, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan through

the EPF Members’ Investment Scheme will be reflected in a statement, subject to the rules and regulations of the EPF and the availability of units of the Funds.

6. No physical certificates will be issued in respect of purchases of ASW 2020 units with effect from June 30, 2010.

Certificates issued before this date are still valid. From June 30, 2010 all dealings in ASW 2020 units will be evidenced in an investment book to be issued to each unit holder.

Investors are advised not to make payment in cash when purchasing units of the Funds via any institutional/ retail agent.