PUBLIC MUTUAL RETIREMENT SCHEM

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1 MENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEM UBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTU MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RET UAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIRE TUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIRE EMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHE UBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTU MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RET BLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUA ME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC M IREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SC SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PU MENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEM REMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCH HEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL BI-ANNUAL RETIREMENT SCHEME FUND PUBLIC MUTUAL REVIEW RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBL ENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME TIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT S MENT SCHEME PUBLIC MUTUAL RETIREMENT PUBLIC SCHEME MUTUAL PUBLIC PRIVATE RETIREMENT SCHEME RETIREMENT PUBLIC MUTUAL RETIREMENT SCHEMES PUBLIC MUTUAL RETIREMENT SCHEM NT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME UTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIREMENT SCHEME PUBLIC MUTUAL RETIR 29 December 2017 PUBLIC MUTUAL BERHAD (2419-A) Bi- Annual Stock Market Report for 2H 2017 Stock Market Review Commencing the second half of 2017 at 1,764 points, the FBM KLCI moved in a trading range from July to mid-september before falling below 1,760 points in late September amid foreign fund outflows. The FBM KLCI eased in October and November due to a lack of fresh catalysts. However, the Index rebounded in December and pared its earlier losses on the back of higher oil prices and renewed buying interest in selected blue chips. The FBM KLCI closed at 1,797 points on 29 December 2017 to register a gain of 1.9% for the second half of On the international front, the Dow Jones Industrial Average (DJIA) rallied and touched record highs in 2H 2017 on optimism that the approval of the U.S. tax reform bill would boost corporate profits. For the second half of 2017, the DJIA recorded a gain of 15.8%. TRACKING THE FBM KLCI: 1 JANUARY 201 TO 29 DECEMBER 2017 Index 1,950 1,900 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1, KLCI rebounds after the Fed maintains its monthly bond-buying program. 4 KLCI retraces in tandem with the sell-down in global and regional markets Stock Market Chart 2 KLCI touches a new record intraday high of 1,896 points on 8 July KLCI rebounds amid a moderate recovery in oil prices. 4 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Dec KLCI eases amid lacklustre regional markets and the weaker Ringgit. 5 KLCI retreats on concerns of the impact of softening oil prices on the Malaysian economy KLCI rebounds in tandem with firmer regional markets and higher oil prices. Bond Market Review For Q 2017, sentiment in the domestic bond market was impacted by rising expectations of a Federal funds rate hike in December 2017 as well as the Federal Reserve s decision to begin its balance sheet reduction program in October The domestic bond market continued to remain soft in October amid concerns over higher domestic inflation and the progress of the U.S. tax reform bill. The domestic bond market subsequently rebounded in November and December on the back of the strengthening of the Ringgit and higher crude oil prices. At its December meeting, the Federal Open Market Committee (FOMC) raised the Federal funds rate target range by 25 basis points (bps) to 1.25%-1.5. For the second half of 2017, the -year and 5-year Malaysian Government Securities (MGS) benchmark yields moved lower by 7 and 9 bps to close at.2% and.5% respectively, while the 10-year MGS benchmark yield remained unchanged at.91%. The corporate bond yields moved higher in the second half of The yields of -year, 5-year and 10-year AAA-rated corporate bonds rose by 4 to 16 bps to close at 4.28%, 4.49% and 4.76% respectively in 2H Over the same period, the yields of -year, 5-year and 10-year AA-rated corporate bonds rose by 1 bp to 5 bps to close at 4.5, 4.66% and 4.98% respectively. The -month Bank Negara Weighted Average Interbank Rate increased from.4% to.45% over the same period. Economic Update Malaysia Malaysia s GDP growth gained pace from 4.2% in 2016 to 5.9% in the first three quarters of 2017 on the back of higher domestic demand and export growth. Domestic demand rose from 4.% in 2016 to 6.7% in the first three quarters of 2017 while export growth expanded from 1.1% to 10.4% over the same period. Malaysia s export growth accelerated to 21.1% in the first 10 months of 2017 from 1.2% in 2016 due mainly to higher exports of electrical and electronic products. Import growth surged to 21.9% from 1.9% over the same period. Malaysia s cumulative trade surplus widened to RM80.2 billion in the first 10 months of 2017 compared to RM70.1 billion for the corresponding period of the prior year. Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at.0 to support economic activities. Malaysia s inflation rate climbed to.9% in the first 11 months of 2017 from 2.1% in 2016 amid higher transportation costs arising from elevated fuel prices. The Ringgit appreciated by 5.9% against the US Dollar to close at RM4.05/US Dollar for the second half of 2017 on expectations of a tighter monetary policy amid stronger economic data. The budget deficit is projected to narrow to RM9.8 billion (2.8% of GDP) in 2018 from the RM9.9 billion (. of GDP) estimated for 2017, while the federal revenue is forecast to expand by 6.4% to RM29.9 billion in Meanwhile, operating expenditure and net development expenditure are expected to grow by 6.5% to RM24. billion and 0.2% to RM45.4 billion respectively in

2 Global On the international front, U.S. GDP growth rose from 1.5% in 2016 to 2.2% in the first three quarters of 2017 on the back of higher investment spending and export growth. The U.S. labour market continued to improve with the unemployment rate falling to a near 17-year low of 4.1% in November 2017 from 4.4% in June The Federal Reserve raised the Federal funds rate target range by 25 bps from % to 1.25%-1.5 at its December FOMC meeting. The central bank continued to project three additional hikes in 2018 and raised its forecast for 2018 U.S. GDP growth to 2.5% from 2.1%. Market Outlook Global: In the U.S., the passage of the tax reform bill bodes well for the U.S. equity market. Looking ahead, catalysts for the market include the positive earnings impact from lower tax rates as well as the proposed infrastructure spending program and banking deregulation. China: Sentiment on the Chinese market remains positive despite shortterm market volatility due to concerns over tighter liquidity conditions by regulators. Looking ahead, the market is expected to remain supported by the nation s improving economic fundamentals and positive corporate earnings revisions. Taiwan/Korea: The Taiwanese market is expected to consolidate in early 2018 as investors continue to reposition from technology stocks to financial stocks. The next major catalyst for the market will likely be the release of 4Q 2017 corporate earnings results in early February 2018 as investors reassess the earnings outlook for technology companies. Meanwhile, the Korean market will continue to be underpinned by improving shareholder return policies, resilient corporate earnings growth and attractive market valuations. ASEAN: In Thailand, the Bank of Thailand raised its 2018 GDP growth forecast from.8% to.9% due to stronger export growth and a betterthan-expected recovery in tourist arrivals. The Singapore market remains stable, driven by a recovery in bank loans growth. In Indonesia, a recovery in consumption, coupled with lower credit costs in the banking sector, should lend support to the market. Meanwhile, the consumer sector in the Philippines is expected to continue benefitting from strong domestic demand, spurred by increased infrastructure and social spending. Malaysia: On the local front, market sentiment is expected to be supported by sustained domestic demand growth, resilient crude oil prices and a firmer Ringgit. In addition, continued infrastructure spending may help to sustain economic growth momentum in However, investors are expected to monitor foreign fund flows and corporate earnings results in the coming months to ascertain the direction of the local bourse. Bursa Securities registered a net inflow of RM0.9 billion from foreign funds in December 2017, resulting in a total net inflow of RM11.0 billion for the full year of Malaysia s foreign reserves firmed by 8. to reach US$102.2 billion as at 15 December 2017 compared to US$94.6 billion at end At the current level, the reserve position is sufficient to finance 7.5 months of retained imports and is equivalent to 1.1 times the short-term external debt. At the FBM KLCI s closing level of 1,797 points on 29 December 2017, the local stock market traded at a prospective P/E ratio of 16.8x, which was above its 10-year average of 16.4x. Meanwhile, the local market s dividend yield was.18%. Notes: Q = Quarter H = Half 2

3 The following funds performances are covered in this report: Name of Funds Page No. Public Mutual Private Retirement Scheme (PRS) - Conventional Series Public Mutual PRS Growth Fund (PRS-GRF) 4 Public Mutual PRS Moderate Fund (PRS-MDF) 5 Public Mutual PRS Conservative Fund (PRS-CVF) 6 Public Mutual PRS Equity Fund (PRS-EQF) 7 Public Mutual PRS Strategic Equity Fund (PRS-SEQF) 8 Public Mutual Private Retirement Scheme (PRS) - Shariah-based Series Public Mutual PRS Islamic Growth Fund (PRS-IGRF) 9 Public Mutual PRS Islamic Moderate Fund (PRS-IMDF) 10 Public Mutual PRS Islamic Conservative Fund (PRS-ICVF) 11 Public Mutual PRS Islamic Strategic Equity Fund (PRS-ISEQF) 12

4 Public Mutual PRS Growth Fund PRS-GRF The fund seeks long-term capital growth and to a lesser extent income. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Aggressive Financial Year End : Distribution Policy : 1 March Incidental Launch : Current Fund Size : NAV : RM Million UNITS : 1,046.8 Million Performance of Public Mutual PRS Growth Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-GRF PRS-GRF Performances of PRS-GRF and Index ( Fund * to 29 December 2017) 1-year year year s 24% 2 16% 12% 8% 4% PRS-GRF Consistent 2-4% Dec-12 Aug-14 Apr-16 Dec-17 : for PRS-GRF is a composite of 7 FTSE Bursa Malaysia Top 100 Index (prior to 26 May 2017), 5% FTSE Bursa Malaysia KLCI, 5% customised index by MSCI based on the Top 0 constituents of MSCI AC Far-East Ex-Japan Index (w.e.f. 26 May 2017) and -Month Kuala Lumpur Interbank Offered Rate (KLIBOR). Underlying index data are sourced from MSCI, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 16 December Preservation Morningstar Rating TM (Overall) : HH Morningstar Category TM : Aggressive Allocation Top 5 Foreign Countries Countries China 15.06% Taiwan 4.0 Korea.85% Hong Kong 1.9% Indonesia 0.28% Financial 18.12% Communications 14.97% Technology 7.5 Consumer, Cyclical 4.29% Consumer, Non-cyclical.45% Alibaba Group Holding Limited - ADR Samsung Electronics Company Limited Tencent Holdings Limited Malayan Banking Berhad Industrial and Commercial Bank of China Limited - H Shares Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 2.88% Equities & Related Securities - Foreign 25.12% Fixed Income Securities 18.96% Money Market Instruments & Others 2.04% Annual s for Calendar Years Ended 1 December Calendar Year PRS-GRF Index

5 Public Mutual PRS Moderate Fund PRS-MDF The fund seeks income and capital growth over the long-term through a balanced asset allocation approach. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Balanced - Malaysia Financial Year End : Distribution Policy : s 2% 24% 16% 8% PRS-MDF : for PRS-MDF is a composite of 6 FTSE Bursa Malaysia Top 100 Index (prior to 26 May 2017), FTSE Bursa Malaysia KLCI, customised index by MSCI based on the Top 0 constituents of MSCI AC Far-East Ex-Japan Index (w.e.f. 26 May 2017) and 4 -Month Kuala Lumpur Interbank Offered Rate (KLIBOR). Underlying index data are sourced from MSCI, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 16 December March Incidental Launch : Consistent Current Fund Size : NAV : RM Million 2-8% Dec-12 Aug-14 Apr-16 Dec-17 2 UNITS : Million Preservation Performance of Public Mutual PRS Moderate Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-MDF PRS-MDF Performances of PRS-MDF and Index ( Fund * to 29 December 2017) 1-year year year Morningstar Rating TM (Overall) : HH Morningstar Category TM : Moderate Allocation Top 5 Foreign Countries Countries China 14.07% Taiwan 4.74% Korea.94% Hong Kong.6% United States of America 1.86% Financial 20. Communications 10.02% Technology 7.68% Industrial 5.9% Utilities 4.76% Public Far-East Alpha-0 Fund Tenaga Nasional Berhad Public Bank Berhad PB ASEAN Dividend Fund Public Global Select Fund Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 21.49% Equities & Related Securities - Foreign 5.46% Fixed Income Securities 28.45% Money Market Instruments & Others Annual s for Calendar Years Ended 1 December Calendar Year PRS-MDF Index

6 Public Mutual PRS Conservative Fund PRS-CVF The fund seeks income consistent with capital preservation. Note: This is neither a capital guaranteed nor a capital protected fund. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Conservative Financial Year End : Distribution Policy : Consistent 5 Preservation Performance of Public Mutual PRS Conservative Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-CVF 1 March Launch : Annual (on a best effort basis subject to availability of realised income and/or realised gains). Current Fund Size : NAV : RM56.55 Million UNITS : Million 12-M FD PRS-CVF 12-M FD 1-year year year Morningstar Rating TM (Overall) : HHH Morningstar Category TM : Cautious Allocation Financial 6.98% Industrial 2.07% Consumer, Cyclical 1.8 Utilities 1.75% Consumer, Non-cyclical 1.15% Public Bank Berhad Malayan Banking Berhad CIMB Group Holdings Berhad Tenaga Nasional Berhad Public Optimal Growth Fund Performances of PRS-CVF and 12-Month Fixed Deposit (12-M FD) Rate ( Fund * to 29 December 2017) s 24% 2 16% 12% 8% PRS-CVF 12-Month FD Financial Year Distribution Declaration Distribution Yield % Dec-12 Aug-14 Apr-16 Dec-17 Source : Public Bank Berhad. * : 16 December 2012 Equities & Related Securities - Domestic 15.88% Fixed Income Securities 5.1% Money Market Instruments & Others 0.99% Annual s for Calendar Years Ended 1 December Calendar Year PRS-CVF Index - 12-Month FD

7 Public Mutual PRS Equity Fund PRS-EQF The fund seeks to achieve long-term capital growth. Financial Year End : 1 March Distribution Policy : Incidental Launch : Current Fund Size : NAV : RM24.58 Million UNITS : Million Performance of Public Mutual PRS Equity Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-EQF PRS-EQF 1-year Top 5 Foreign Countries Countries United States of America.12% Singapore 2.78% Thailand 1.72% Indonesia 1.06% Taiwan 0.76% Consumer, Non-cyclical 19.16% Financial 18.7 Industrial 12.71% Utilities 9.1% Consumer, Cyclical 5.9 Performances of PRS-EQF and Index ( Fund * to 29 December 2017) s 28% 24% 2 16% 12% 8% 4% PRS-EQF -4% Sep-15 Apr-16 Nov-16 Jun-17 Dec-17 : for PRS-EQF is a composite of 9 FTSE Bursa Malaysia KLCI and 1 -Month Kuala Lumpur Interbank Offered Rate (KLIBOR). Underlying index data are sourced from Lipper and Bank Negara Malaysia. * : 2 September 2015 Tenaga Nasional Berhad Public Bank Berhad Malayan Banking Berhad Uchi Technologies Berhad Genting Malaysia Berhad Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 67.46% Equities & Related Securities - Foreign 9.44% Money Market Instruments & Others Annual s for Calendar Years Ended 1 December Calendar Year PRS-EQF Index

8 Public Mutual PRS Strategic Equity Fund PRS-SEQF The fund seeks to achieve long-term capital growth. Financial Year End : 1 March Distribution Policy : Incidental Launch : Current Fund Size : NAV : RM Million UNITS : Million Performance of Public Mutual PRS Strategic Equity Fund vs its Index Over the Following Periods Ended 29 December 2017 Performances of PRS-SEQF and Index ( Fund * to 29 December 2017) s 4 2% 24% 16% 8% PRS-SEQF PRS-SEQF : for PRS-SEQF is a composite of 5 FTSE Bursa Malaysia KLCI, 4 customised index by MSCI based on the Top 0 constituents of MSCI AC Far-East Ex-Japan Index and 1 -Month Kuala Lumpur Interbank Offered Rate (KLIBOR). Underlying index data are sourced from MSCI, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 2 September 2015 PRS-SEQF 1-year % Sep-15 Apr-16 Nov-16 Jun-17 Dec-17 Top 5 Foreign Countries Countries China 22.18% Hong Kong 5.95% Taiwan 4.51% Korea 4.48% United States of America.1 Financial 27.61% Communications 17.57% Technology 9.77% Consumer, Non-cyclical 9.17% Utilities 6.09% Tenaga Nasional Berhad Tencent Holdings Limited Public Bank Berhad Samsung Electronics Company Limited Malayan Banking Berhad Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 6.64% Equities & Related Securities - Foreign 47.18% Money Market Instruments & Others 16.18% Annual s for Calendar Years Ended 1 December Calendar Year PRS-SEQF Index

9 Public Mutual PRS Islamic Growth Fund PRS-IGRF The fund seeks long-term capital growth and to a lesser extent income. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Aggressive Financial Year End : Distribution Policy : Performance of Public Mutual PRS Islamic Growth Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-IGRF Performances of PRS-IGRF and Index ( Fund * to 29 December 2017) s PRS-IGRF 4 1-year year year % 6% 24% 18% 12% 6% PRS-IGRF 1 March Incidental Launch : Consistent Current Fund Size : NAV : RM17.59 Million UNITS : Million Preservation -6% Dec-12 Aug-14 Apr-16 Dec-17 : for PRS-IGRF is a composite of 7 FTSE Bursa Malaysia EMAS Shariah Index (prior to 26 May 2017), 5% FTSE Bursa Malaysia Hijrah Shariah Index, 5% customised index by S&P Dow Jones Indices, LLC based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 26 May 2017) and -Month Islamic Interbank Money Market (IIMM) rate. Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 16 December 2012 Morningstar Rating TM (Overall) : HHH Morningstar Category TM : Aggressive Allocation Top 5 Foreign Countries Countries China 1.1 Taiwan 10.14% United States of America 10.08% Korea 9.28% Thailand 2.64% Communications 19.04% Technology 17.94% Industrial 15.2 Consumer, Non-cyclical 4.8 Basic Materials.22% Tencent Holdings Limited Taiwan Semiconductor Manufacturing Company Limited Samsung Electronics Company Limited Public Asia Ittikal Fund Hartalega Holdings Berhad Financial Year Distribution Declaration Distribution Yield Shariah-compliant Equities & Related Securities - Domestic 17.76% Shariah-compliant Equities & Related Securities - Foreign 48.9% Islamic Debt Securities 19.68% Islamic Money Market Instruments & Others 14.17% Annual s for Calendar Years Ended 1 December Calendar Year PRS-IGRF Index

10 Public Mutual PRS Islamic Moderate Fund PRS-IMDF The fund seeks income and capital growth over the long-term through a balanced asset allocation approach. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Balanced - Malaysia Financial Year End : Distribution Policy : Consistent Preservation UNITS : Million Performance of Public Mutual PRS Islamic Moderate Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-IMDF PRS-IMDF Performances of PRS-IMDF and Index ( Fund * to 29 December 2017) s 1-year year year % 28% 24% 2 16% 12% 8% 4% PRS-IMDF 1 March Incidental Launch : Current Fund Size : NAV : RM62.51 Million % Dec-12 Aug-14 Apr-16 Dec-17 : for PRS-IMDF is a composite of 6 FTSE Bursa Malaysia EMAS Shariah Index (prior to 26 May 2017), FTSE Bursa Malaysia Hijrah Shariah Index, customised index by S&P Dow Jones Indices, LLC based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 26 May 2017) and 4 -Month Islamic Interbank Money Market (IIMM) rate. Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 16 December Morningstar Rating TM (Overall) : HHH Morningstar Category TM : Moderate Allocation Top 5 Foreign Countries Countries China 10.8 Korea 7.74% Taiwan 5.49% United States of America 4.91% Hong Kong 1.4 Communications 15.8% Technology 12.7 Industrial 10.65% Basic Materials 4.12% Utilities.17% Public Asia Ittikal Fund Tencent Holdings Limited Tenaga Nasional Berhad Taiwan Semiconductor Manufacturing Company Limited Inari Amertron Berhad Financial Year Distribution Declaration Distribution Yield Shariah-compliant Equities & Related Securities - Domestic 20.98% Shariah-compliant Equities & Related Securities - Foreign. Islamic Debt Securities 27.67% Islamic Money Market Instruments & Others 18.2% Annual s for Calendar Years Ended 1 December Calendar Year PRS-IMDF Index

11 Public Mutual PRS Islamic Conservative Fund PRS-ICVF The fund seeks income consistent with capital preservation. Note: This is neither a capital guaranteed nor a capital protected fund. Lipper Leaders (Overall Ratings) : Lipper Classification : Mixed Asset MYR Conservative Financial Year End : Distribution Policy : Performance of Public Mutual PRS Islamic Conservative Fund vs its Index Over the Following Periods Ended 29 December 2017 PRS-ICVF 1 March Launch : M GIA 2 PRS-ICVF 12-M GIA 1-year year year Consistent Preservation Annual (on a best effort basis subject to availability of realised income and/or realised gains). Current Fund Size : NAV : RM20.75 Million UNITS : 76.9 Million Morningstar Rating TM (Overall) : HH Morningstar Category TM : Cautious Allocation Consumer, Non-cyclical 5.66% Industrial.6 Communications.1 Energy 2.21% Utilities 1.4 Nestle (Malaysia) Berhad IHH Healthcare Berhad Tenaga Nasional Berhad V.S. Industry Berhad TIME dotcom Berhad Performances of PRS-ICVF and 12-Month General Investment Account (GIA) Rate ( Fund * to 29 December 2017) s 21% 18% 15% 12% 9% 6% PRS-ICVF 12-Month GIA Financial Year Distribution Declaration Distribution Yield % -% Dec-12 Aug-14 Apr-16 Dec-17 Source : Bank Negara Malaysia. * : 16 December 2012 Shariah-compliant Equities & Related Securities - Domestic 17.2% Islamic Debt Securities 55.58% Islamic Money Market Instruments & Others Annual s for Calendar Years Ended 1 December Calendar Year PRS-ICVF Index - 12-Month GIA

12 Public Mutual PRS Islamic Strategic Equity Fund PRS-ISEQF The fund seeks to achieve long-term capital growth. Financial Year End : 1 March Distribution Policy : Incidental Launch : Current Fund Size : NAV : RM65.67 Million UNITS : Million Performance of Public Mutual PRS Islamic Strategic Equity Fund vs its Index Over the Following Periods Ended 29 December 2017 Performances of PRS-ISEQF and Index ( Fund * to 29 December 2017) s 2% 24% 16% 8% PRS-ISEQF PRS-ISEQF PRS-ISEQF 1-year Top 5 Foreign Countries Countries China 16.6 Korea 16.21% United States of America 9.99% Taiwan 9.52% Hong Kong.28% Communications 22.94% Technology 17.01% Industrial 12. Utilities 5.4% Consumer, Non-cyclical 5.% Tencent Holdings Limited Samsung Electronics Company Limited Tenaga Nasional Berhad Taiwan Semiconductor Manufacturing Company Limited IHH Healthcare Berhad -8% Nov-15 Jun-16 Dec-16 Jun-17 Dec-17 : for PRS-ISEQF is a composite of 5 FTSE Bursa Malaysia Hijrah Shariah Index, 4 customised index by S&P Dow Jones Indices, LLC based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 1 -Month Islamic Interbank Money Market (IIMM) rate. Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * : 26 November 2015 Financial Year Distribution Declaration Distribution Yield Shariah-compliant Equities & Related Securities - Domestic 17.01% Shariah-compliant Equities & Related Securities - Foreign 59.7% Islamic Money Market Instruments & Others 2.26% Annual s for Calendar Years Ended 1 December Calendar Year PRS-ISEQF Index

13 A copy of the Disclosure Document of the respective Public Mutual PRS-Conventional Series and Public Mutual PRS-Shariah-based Series (the Schemes ) dated 26 May 2017 have been registered with the Securities Commission Malaysia (SC) which shall not be interpreted to mean that the SC recommends the Schemes or the funds under the Schemes. The SC shall not be liable for any non-disclosure on the part of the PRS Provider and takes no responsibility for the contents of the Disclosure Documents, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the Disclosure Documents. You are advised to read and understand the contents of the above Disclosure Documents. If in doubt, please consult a professional adviser. You have the right to request for a copy of the Product Highlights Sheet of the relevant fund(s) under the Schemes. You are advised to read and understand the contents of the relevant fund s Product Highlights Sheet before making any contribution decision. Applications to contribute must come in the form of a duly completed PPA Account Opening Form (for the first time) and fund Application Form referred to and accompanying the (relevant) Disclosure Documents. You should note that there are fees, charges and risks involved. Therefore, you should consider carefully the fees, charges and risks before making a contribution decision. Please refer to the Disclosure Documents for more information. Unit prices and distributions, if any, may go down as well as up. Past performance of the PRS funds should not be taken as an indication of future Neither the PRS Provider nor the Schemes Trustee guarantees the performance of any of the funds or the repayment of capital. The funds past distribution is not a guarantee of future distributions. Where unit split or distribution is declared, investors are advised that following the issue of additional units and/or distribution, the net asset value per unit will be reduced accordingly to reflect/ account for the unit split and/or distribution. Where a unit split is declared, the value of your contribution in Ringgit Malaysia terms will remain unchanged after the distribution of additional units. Where a free copy of Disclosure Document and Product Highlights Sheet can be obtained : PRS consultants or contact Public Mutual Hotline : / Public Bank Hotline : for assistance. 1

14 Lipper Leaders : Lipper ratings for reflect funds historical total return performance relative to peers. Consistent Lipper ratings for Consistent reflect funds historical risk-adjusted returns, adjusted for volatility, relative to peers. Preservation Lipper ratings for Preservation reflect funds historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute measures and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than fixed income funds. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the, Consistent and Preservation metrics over three-, five-, and ten-year periods (if applicable). The highest 2 of funds in each peer group are named Lipper Leader or a score of 5, the next 2 receive a score of 4, the middle 2 are scored, the next 2 are scored 2, and the lowest 2 are scored 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. Lipper Leaders (Overall) - All Ratings as of 29 December Ratings for reflect funds historical total return performance relative to peers. Ratings for Consistent reflect funds historical risk-adjusted returns relative to peers. Lipper ratings for Preservation are relative, rather than absolute. Lipper Leader ratings DO NOT take into account the effects of sales charges. Ratings are based on an equal-weighted average of percentile ranks for each measure over overall period. More information is available at LIPPER L LIPPER LEADERS KEY HIGHEST LOWEST Morningstar Rating TM : The Morningstar Rating TM is a quantitative assessment of a fund s past performance, incorporating fee, return and risk, as measured from one to five stars. It uses focused comparison groups the Morningstar Categories to measure the fund s risk-adjusted performance and it places stronger emphasis on downside variations. The Top 1 of funds in a category will receive five stars, the next 22.5% will receive four stars, the middle 5% will receive three stars, the next 22.5% will receive two stars and the bottom 1 will receive one star Morningstar Asia Limited All Rights Reserved. The information contained herein: is proprietary to Morningstar; may not be copied (save (i) as incidentally necessary in the course of viewing it online, and (ii) in the course of printing off single copies of web pages on which it appears for the personal non-commercial use of those authorised to view it on-line), adapted or distributed; and is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by Public Mutual Berhad and is at your own risk. You agree that Morningstar is not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. Public Mutual Berhad informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performances is no guarantee of future results; and (iii) the value and income derived from investments can go down as well as up. The PRS-GRF, PRS-MDF, PRS-EQF, PRS-SEQF, PRS-IGRF, PRS-IMDF and PRS-ISEQF are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ( FTSE ) or by Bursa Malaysia Berhad ( BURSA MALAYSIA ) or by the London Stock Exchange Group companies (the LSEG ) and neither FTSE nor BURSA MALAYSIA nor LSEG makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE BURSA MALAYSIA KLCI and FTSE BURSA MALAYSIA HIJRAH SHARIAH INDEX ( the Indices ), and/or the figure at which the said Indices stand at any particular time on any particular day or otherwise. The Indices are compiled and calculated by FTSE. However, neither FTSE nor BURSA MALAYSIA nor LSEG shall be liable (whether in negligence or otherwise) to any person for any error in the Indices and neither FTSE nor BURSA MALAYSIA nor LSEG shall be under any obligation to advise any person of any error therein. FTSE, FT-SE and Footsie are trade marks of LSEG and are used by FTSE under licence. BURSA MALAYSIA is a trade mark of BURSA MALAYSIA. The S&P Shariah BMI Asia Ex-Japan Index, the customised benchmark index for PRS-IGRF, PRS-IMDF and PRS-ISEQF is a product of S&P Dow Jones Indices LLC ( SPDJI ), and has been licensed for use by Public Mutual Berhad. Standard & Poor s and S&P are registered trademarks of Standard & Poor s Financial Services LLC ( S&P ); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ); Standard & Poor s, S&P and Dow Jones are trademarks of the SPDJI; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Public Mutual Berhad. Public Mutual Berhad s PRS-IGRF, PRS-IMDF and PRS-ISEQF are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Shariah BMI Asia Ex-Japan Index. For PRS-GRF, PRS-MDF and PRS-SEQF: Source: MSCI. The MSCI data is comprised of a custom index calculated by MSCI for, and as requested by, Public Mutual Berhad. The MSCI data is for internal use only and may not be redistributed or used in connection with creating or offering any securities, financial products or indices. Neither MSCI nor any other third party involved in or related to compiling, computing or creating the MSCI data (the MSCI Parties ) makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and the MSCI Parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to such data. Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. 14

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16 Notes : The total return is the overall return of the fund over the period. The annualised return is the compounded annual rate of return of the fund over the specified period. Fund performance should be evaluated against the benchmark index. The performances of funds are calculated on NAV-to-NAV basis and sourced from Lipper. date is the last day of the initial offer period. The asset allocation presented have been verified by the Schemes Trustee. The stocks invested by the fund are classified according to various criteria which include the country classification assigned by international index providers and the company s main business interests in terms of geographical segmentation. For more information, please contact any of our PRS consultants, agency offices, branches or call Public Mutual Hotline at / Public Bank Hotline at or visit us at our website at Public Mutual Berhad (2419-A) Block B, Sri Damansara Business Park, Persiaran Industri, Bandar Sri Damansara, Kuala Lumpur, Malaysia. Tel : Fax :