Press Release

JCR-VIS Assigns Positive Outlook to Pak Oman Asset Management Company Limited

Karachi, June 11, 2015: JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the outlook on the assigned Management Quality rating of Pak Oman Asset Management Company Limited (POAMCL) from ‘Stable’ to ‘Positive’. The previous rating action for POAMCL (AM4+ (AM - Four Plus)) was announced on March 6, 2015.

The revision in outlook takes into account recent equity injection from sponsoring institution, as necessitated to comply with Minimum Capital Requirement of Rs. 230m. The equity injection reflects continued commitment from sponsoring institution, Pak-Oman Investment Company Limited. Presently, senior management positions at the company are mostly vacant. A business plan has been formulated, while company is in the process of filling vacancies in the management team. A rating review will be considered as further developments materialize.

For further information on this rating announcement, please contact the undersigned (Ext: 501) or Ms. Sobia Maqbool, CFA (Ext: 604) at 021-35311861 - 70 or fax to 021-35311873.

Javed Callea

Applicable Rating Criteria: Mutual Fund Rating - December 2006

Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited (JCR-VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings. JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2015 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited