Kuala Lumpur, 1 September 2009 – HwangDBS Investment Management Berhad ("HwangDBS IM" or "the Company") today announced that interest in the HwangDBS Fixed Maturity Income Fund II ("FMIF II" or "the Fund") indicates that sale of Units may potentially rise above the approved limit of 100 million Units. As such, the Company has applied to Securities Commission to seek their approval to increase the approved fund size from 100 million units (or RM 100 million) to 200 million units (or RM 200 million).

Teng Chee Wai, Chief Executive Officer and Executive Director of HwangDBS IM, said, "We are very pleased with the positive response received by this series of funds in such a short time. The Fund, which is the second in this series, was launched on 10 August 2009 and has been approximately 79 percent subscribed as at 28 August 2009. It has sold well despite the economic uncertainty, a clear signal that demands for safer options from investors are growing rapidly. Investors today have little appetite for risk – preferring the relative safety of bond-type funds that offer relative safety, stability and regular income distributions compared to equity funds in general. "

Teng continued, "FMIF II is able to offer investors an additional access to a multitude of foreign and local fixed income instruments, primarily in bonds such as sovereign issued bonds, private debt securities, convertible bonds and other fixed income instruments that closely match the Fund’s maturity of three (3) years."

The first in its series, the HwangDBS Fixed Maturity Income Fund I ("FMIF I") launched on 8 June 2009, increased it’s fund size twice from the initial launch total of 100 million, to 150 million units (or RM 150 million) on 25 June 2009 and to 180 million units (or RM 180 million) subsequently. HwangDBS IM believes that fixed income funds have been a success factor for them since the onslaught of the financial crisis. Their target for 2009 is to continue introducing relevant, timely and innovative products that ensure investors attain exposure to the best possible instruments locally and internationally.