HwangDBS Global Infrastructure Fund Sold Out In Five Days

A Record-sale For HwangDBS Investment Management Amidst Bullish Investor Sentiments

Kuala Lumpur, 7 May 2007 – Malaysia and South East Asia's first global infrastructure unit trust fund offered by HwangDBS Investment Management Berhad (HwangDBS IM) has been fully subscribed, after just 5 days of sales. In view of this, HwangDBS IM has announced that it will increase the fund size of its HwangDBS Global Infrastructure Fund (GIF) from 600 million to 900 million units or RM450 million to cater to the outstanding response to the fund.

Teng Chee Wai, Chief Executive Officer and Executive Director of HwangDBS IM, said, “HwangDBS IM is pleased with the traction the GIF has gained in the local market. Despite the many public holidays since the launch a week ago, the fund sold well. The exceptional response from Malaysian investors indicates their expressed confidence that the GIF is capable in delivering potentially favourable returns. It is an ‘every man’s fund’ due to the defensive nature of infrastructure securities – which in essence, comprises basic, irreplaceable, essential services vital in our every day lives like electricity, water and toll-roads. These securities have the potential to generate a regular income-stream and capital growth over the long-term making the GIF an ideal investment vehicle for investors across different ages and risk profiles.”

Teng continued, “In response to the positive reception, we have written to inform the Securities Commission that we will be increasing the fund size from 600 million to 900 million units or RM450 million to ensure more investors are able to capitalise on this attractive contemporary investment alternative.”

HwangDBS IM believes the increasing sophistication of local investors is key to the positive interest in and uptake of products that are not only global but distinctive in nature. Their target for 2007 is to continue introducing products that ensure investors attain exposure to the best possible portfolio of unit trusts available in the international market.