Press Release

JCR-VIS withdraws Rating/Ranking of Funds by National Asset Management Company Limited (NAMCO)

Karachi, March 30, 2016: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn Fund Stability Rating of ‘BB-’ (Double B Minus (f)) of NAMCO Income Fund (NIF) along with mutual fund ranking of NAMCO Balanced Fund (NBF), with immediate effect. Rating and ranking withdrawal is on account of notice on the stock exchange dated 29th March 2016 pertaining to winding up of NIF and NBF issued by MCB Financial Services Limited (the Trustee).

For further information on this rating announcement, please contact the undersigned (Ext: 508) or Mr. Javed Callea (Ext: 501) at 021-35311861-70 or fax to 021-35311873.

Mohammed Khalid Ali

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited 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.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.VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings.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 2016 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.

JCR-VIS Credit Rating Company Limited