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 0 June 2017 PUBLIC MUTUAL BERHAD (2419-A) Bi- Annual Stock Market Report for 1H 2017 Stock Market Review Commencing the first half of 2017 at 1,642 points, the FTSE Bursa Malaysia (FBM) KLCI started the year on a positive note and rallied in 1Q 2017 in tandem with higher global markets and a firmer Ringgit. The FBM KLCI continued to strengthen in 2Q 2017 amid a rebound in 1Q 2017 corporate earnings growth and buying support for selected blue chips. The FBM KLCI closed at 1,764 points on 0 June 2017 to register a gain of 7.4% for the first half of 2017, which is the best firsthalf return since On the international front, the Dow Jones Industrial Average (DJIA) moved in a trading range in January before rallying in February on the back of resilient corporate earnings and optimism over U.S. economic growth prospects. However, the DJIA moved lower in March due to softer oil prices and the cancellation of the new U.S. administration s healthcare bill. The DJIA firmed in April and May on the back of betterthan-expected corporate earnings. Led by gains in banking stocks, the DJIA rose further in June. For the first half of 2017, the DJIA recorded an increase of 8.. Index 1,900 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,50 1,00 TRACKING THE FBM KLCI: 1 JANUARY 201 TO 0 JUNE 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 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jun KLCI eases amid lacklustre regional markets and the weaker Ringgit. 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 In the first quarter of 2017, the domestic bond market was underpinned by the strengthening of the Ringgit and renewed concerns over the Trump administration s ability to deliver its pledged fiscal policies. In April, the domestic bond market remained firm amid a firmer Ringgit. Bond prices continued to rise in May following the Federal Reserve s decision to keep the Federal funds rate unchanged at its Federal Open Market Committee (FOMC) meeting on 2- May. However, the domestic bond market consolidated in June amid lower crude oil prices and the Federal Reserve s 25 basis points (bps) hike in the Federal funds rate to a range of % at its June FOMC meeting. For the first half of 2017, the MGS market registered a positive performance with -year, 5-year and 10-year yields moving lower by 8 to 1 bps to close at.9%,.62% and.91% respectively. The corporate bond market moved in tandem with the MGS market. The yields of -year, 5-year and 10-year AAA-rated corporate bonds fell by to 14 bps to close at 4.24%, 4.% and 4.68% respectively in the first half of Over the same period, the yields of -year, 5-year and 10-year AA-rated corporate bonds declined by 4 to 14 bps to close at 4.49%, 4.61% and 4.9% respectively. The -month Bank Negara Weighted Average Interbank Rate increased from.41% to.4% over the same period. Economic Update Malaysia Malaysia s Gross Domestic Product (GDP) growth gained pace from 4.5% in 4Q 2016 to a 2-year high of 5.6% in 1Q 2017 due to higher private consumption and investment. Investment spending growth accelerated from 2.4% in 4Q 2016 to 10. in 1Q 2017 as both private and public investment spending increased. Malaysia s export growth accelerated to 21.2% in the first four months of 2017 from 1.1% in 2016 due mainly to higher exports of electrical and electronic products. Import growth surged to 26.9% from 1.9% over the same period. Malaysia s cumulative trade surplus narrowed to RM27.6 billion in the first four months of 2017 compared to RM.0 billion in the prior year. Due to capital inflows, Malaysia s foreign reserves rose to US$98.0 billion as at end-may 2017 compared to US$97. billion for the corresponding period a year ago. In its latest annual report, Bank Negara Malaysia (BNM) projected GDP growth to be in a range of 4.%-4.8% for 2017, up from 4.2% in This would be driven by resilient domestic demand and firmer export growth as global trade improves. Meanwhile, inflation is forecasted at.-4. for 2017 on the back of higher fuel prices. Malaysia s inflation rate rose to 4.% in the first five months of 2017 from 2.1% in 2016 amid higher transportation costs arising from elevated fuel prices. The Ringgit appreciated by 4.5% against the US Dollar to close at RM4.29 for the first half of 2017 in tandem with the easing of the greenback against selected currencies. 1

2 Global On the international front, U.S. GDP growth rose from 1.6% in 2016 to 2.1% in 1Q 2017 due to higher investment spending and export growth. The U.S. labour market continued to improve with the unemployment rate falling to a 16-year low of 4.% in May 2017 from 4.7% in December The Federal Reserve raised the Federal funds rate target range by a total of 50 bps to % at its FOMC meetings in March and June. The Federal Reserve also stated that its plan to reduce its bond holdings will commence later this year. Market Outlook Global: The U.S. Federal Reserve raised the Federal funds rate target range to % at its June FOMC meeting. Although recent U.S. economic data have generally been weaker than expected, the lack of sustained inflationary pressures suggests that the Federal Reserve will maintain its gradual approach to interest rate hikes. Looking ahead, investors will keep a close watch on the Federal Reserve s plan to reduce its bond holdings, which is expected to start later this year. The Federal Reserve s tapering process will allow its bond holdings to mature gradually, starting with a monthly cap amounting to US$10 billion and gradually increasing to US$50 billion. Asia: China s resilient economic fundamentals coupled with Morgan Stanley Capital International s (MSCI) recent announcement to include China A shares into the MSCI Emerging Market Index will continue to underpin the China H shares market. In conjunction with the 20th anniversary of Hong Kong s handover to Chinese rule, China and Hong Kong launched a Bond Connect programme that links China s US$10 trillion bond market with overseas investors. The Chinese government s continued efforts to liberalise and strengthen the country s capital markets may spur further fund inflows into the China H shares market. The Taiwanese market continued to rally in June, boosted by the expected launch of Apple s iphone 8 model in 4Q Given strong performance of the Taiwanese market year-to-date, the market may consolidate slightly in the near term as investors await the release of sales data by technology companies within the iphone supply chain as they enter the peak production period in July and August. Following the strong performance in May, the Korean market remained well-supported in June as the appointment of cabinet members reaffirmed the President s pledge to reform the powerful family-run conglomerates. Going forward, the outlook for the Korean market will depend on the execution of the President s pledges and the sustainability of corporate earnings growth. As at end-june, the Korean market was trading at an 8.8% discount to its long-term average. Over in South-East Asia, the Indonesian equity market should benefit from an improving credit cycle characterised by recovering bank loans growth and stabilising non-performing loan levels. In Singapore, the property sector saw better demand with strong take-up rates at new property launches as government policies turn more supportive. Meanwhile, stronger government spending is anticipated in Thailand ahead of potential general elections in Thailand s economy is also expected to be underpinned by a cyclical recovery in the tourism sector as well as domestic consumption in the second half of Malaysia: On the domestic front, the inflation rate has been moderating since peaking in March. This provides more flexibility for the central bank to maintain its current monetary policy stance, which is supportive of domestic demand. However, investors will be closely monitoring the oil price trend as softening oil prices may potentially impact the Federal budget in the second half of the year. Looking ahead, the local market s upside will be dependent on corporate earnings momentum and economic activities. Any further pick-up in global economic growth will help underpin Malaysia s export performance for the remainder of the year. In tandem with improving sentiment in the regional markets, Bursa Securities registered a net inflow of RM0. billion from foreign funds in June, resulting in a total net inflow of RM11.0 billion for the first half of the year. Malaysia s foreign reserves firmed by 4.% to reach US$98.7 billion as at 15 June 2017 compared to US$94.6 billion at end At the current level, the reserve position is sufficient to finance 8.2 months of retained imports and is equivalent to 1.1 times the short-term external debt. At the FBM KLCI s closing level of 1,764 points on 0 June 2017, the local stock market was trading at a prospective P/E ratio of 16.x, which was below its 10-year average of 16.4x. Meanwhile, the local market s dividend yield was.19%. 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 : RM248.1 Million UNITS : Million Performance of Public Mutual PRS Growth Fund vs its Index Over the Following Periods Ended 0 June 2017 PRS-GRF PRS-GRF Performances of PRS-GRF and Index ( Fund * to 0 June 2017) 1-year year s 16% 8% 4% PRS-GRF Consistent 1-4% Dec-12 Feb-14 Mar-15 May-16 Jun-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 10.61% Taiwan.51% Korea 2. United States of America 1.87% Hong Kong 1.17% Top 5 Communications 17.02% Financial 15.78% Consumer, Cyclical 7.52% Industrial 6.56% Technology 5.26% Public Asia Ittikal Fund Alibaba Group Holdings Limited-ADR Malayan Banking Berhad Public Global Select Fund CIMB Group Holdings Berhad Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 4.62% Equities & Related Securities - Foreign 2.89% Fixed Income Securities 24.68% Money Market Instruments & Others 7.81% 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 : 1 March Incidental Launch : Consistent Current Fund Size : NAV : RM Million UNITS : Million 2 Preservation Performance of Public Mutual PRS Moderate Fund vs its Index Over the Following Periods Ended 0 June 2017 PRS-MDF PRS-MDF 1-year year Morningstar Rating TM (Overall) : HH Morningstar Category TM : Moderate Allocation Top 5 Foreign Countries Countries China 9.81% Korea 4.54% Hong Kong.9% Taiwan 1.94% United States of America 1.9% Top 5 Financial 15.64% Communications 12.95% Industrial 8.55% Technology 5.6 Diversified.66% Performances of PRS-MDF and Index ( Fund * to 0 June 2017) s 2 16% 8% 4% 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 % Dec-12 Feb-14 Mar-15 May-16 Jun-17 Public Far-East Alpha-0 Fund PB ASEAN Dividend Fund Public Global Select Fund Samsung Electronics Company Limited Tencent Holdings Limited Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 26.94% Equities & Related Securities - Foreign 0.22% Fixed Income Securities.64% 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 0 June 2017 PRS-CVF 12-M FD PRS-CVF 12-M FD 1-year year March Launch : Annual (on a best effort basis subject to availability of realised income and/or realised gains). Current Fund Size : NAV : RM47.68 Million UNITS : Million Morningstar Rating TM (Overall) : HHH Morningstar Category TM : Cautious Allocation Top 5 Financial 6.16% Industrial 4.2% Consumer, Non-cyclical 2.15% Technology 2. Consumer, Cyclical 1.54% Public Bank Berhad Malayan Banking Berhad Public Optimal Growth Fund Hong Leong Industries Berhad CIMB Group Holdings Berhad Performances of PRS-CVF and 12-Month Fixed Deposit (12-M FD) Rate ( Fund * to 0 June 2017) s 2 16% 8% 4% PRS-CVF 12-Month FD Financial Year Distribution Declaration Distribution Yield % Dec-12 Jan-14 Mar-15 May-16 Jun-17 Source : Public Bank Berhad. * : 16 December 2012 Equities & Related Securities - Domestic 19.2% Fixed Income Securities 57.76% Money Market Instruments & Others 2.01% 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 : RM14.5 Million UNITS : Million Performance of Public Mutual PRS Equity Fund vs its Index Over the Following Periods Ended 0 June 2017 PRS-EQF PRS-EQF 1-year Top 5 Foreign Countries Countries Singapore.09% United States of America 2.16% Thailand 2.05% Indonesia 1.61% Taiwan 1.21% Top 5 Consumer, Non-cyclical 27.02% Financial 19.29% Industrial 18.7 Consumer, Cyclical 6.97% Utilities 5.55% Performances of PRS-EQF and Index ( Fund * to 0 June 2017) s 2 16% 8% 4% PRS-EQF -4% Sep-15 Apr-16 Nov-16 Jun-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 Malayan Banking Berhad Tenaga Nasional Berhad Public Bank Berhad Malaysia Airports Holdings Berhad Oldtown Berhad Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 82.16% Equities & Related Securities - Foreign 10.75% Money Market Instruments & Others 7.09% Annual s for Calendar Year Ended 1 December Calendar Year 2016 PRS-EQF Index -2. 7

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 : RM45.58 Million UNITS : Million Performance of Public Mutual PRS Strategic Equity Fund vs its Index Over the Following Periods Ended 0 June 2017 Performances of PRS-SEQF and Index ( Fund * to 0 June 2017) s 24% 2 16% 8% 4% -4% PRS-SEQF PRS-SEQF -8% Sep-15 Apr-16 Nov-16 Jun-17 : 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 Top 5 Foreign Countries Countries China 21.44% Hong Kong 6.75% Taiwan 5.87% Korea 5.69% United States of America 4.2% Top 5 Financial 26.4% Communications 20.48% Technology 10.99% Consumer, Non-cyclical 7.0% Industrial 7.0% Samsung Electronics Company Limited Public Bank Berhad Tencent Holdings Limited Alibaba Group Holdings Limited-ADR Malayan Banking Berhad Financial Year Distribution Declaration Distribution Yield Equities & Related Securities - Domestic 5.19% Equities & Related Securities - Foreign 51.2% Money Market Instruments & Others 1.58% Annual s for Calendar Year Ended 1 December Calendar Year 2016 PRS-SEQF 5.02 Index.71 8

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 0 June 2017 PRS-IGRF Performances of PRS-IGRF and Index ( Fund * to 0 June 2017) s 4 PRS-IGRF 4 1-year year % 28% 24% 2 16% 8% 4% PRS-IGRF 1 March Incidental Launch : Consistent Current Fund Size : NAV : RM Million UNITS : Million Preservation -4% Dec-12 Feb-14 Mar-15 May-16 Jun-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 United States of America 7. Taiwan 6.75% China 5.21% Korea 2.76% Thailand 2.16% Top 5 Communications 21.54% Industrial 12.9 Technology 8.42% Consumer, Non-cyclical 8. Utilities 5.68% Tenaga Nasional Berhad Tencent Holdings Limited Sime Darby Berhad IHH Healthcare Berhad Taiwan Semiconductor Manufacturing Company Limited Financial Year Distribution Declaration Distribution Yield Shariah-compliant Equities & Related Securities - Domestic 9.5% Shariah-compliant Equities & Related Securities - Foreign 28.4 Islamic Debt Securities 20.08% Islamic Money Market Instruments & Others 12.17% 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 Performance of Public Mutual PRS Islamic Moderate Fund vs its Index Over the Following Periods Ended 0 June 2017 PRS-IMDF PRS-IMDF Performances of PRS-IMDF and Index ( Fund * to 0 June 2017) s 1-year year % 8% 4% PRS-IMDF 1 March Incidental Launch : Current Fund Size : NAV : RM5.7 Million UNITS : Million % Dec-12 Feb-14 Mar-15 May-16 Jun-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) : HH Morningstar Category TM : Moderate Allocation Top 5 Foreign Countries Countries China 7.05% United States of America 5.6 Taiwan.4% Korea.2% Japan 1.48% Top 5 Communications 14.58% Diversified 7.25% Industrial 6.89% Technology 5.6 Basic Materials.19% Public Asia Ittikal Fund Sime Darby Berhad Tencent Holdings Limited Petronas Chemicals Group Berhad MY E.G. Services Berhad Financial Year Distribution Declaration Distribution Yield Shariah-compliant Equities & Related Securities - Domestic 2.79% Shariah-compliant Equities & Related Securities - Foreign 2.1 Islamic Debt Securities 28.9% Islamic Money Market Instruments & Others 24.72% 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 0 June 2017 PRS-ICVF 12-M GIA PRS-ICVF 12-M GIA 1-year year March Launch : Consistent Preservation Annual (on a best effort basis subject to availability of realised income and/or realised gains). Current Fund Size : NAV : RM17.88 Million UNITS : Million Morningstar Rating TM (Overall) : HHH Morningstar Category TM : Cautious Allocation Top 5 Consumer, Non-cyclical 5.1% Communications 4.5 Utilities 2.1% Financial 1.75% Industrial 1.71% Tenaga Nasional Berhad Nestle (Malaysia) Berhad IHH Healthcare Berhad TIME dotcom Berhad Sime Darby Berhad Performances of PRS-ICVF and 12-Month General Investment Account (GIA) Rate ( Fund * to 0 June 2017) s 18% 15% 9% 6% PRS-ICVF 12-Month GIA Financial Year Distribution Declaration Distribution Yield % -% Dec-12 Nov-1 Oct-14 Sep-15 Jul-16 Jun-17 Source : Bank Negara Malaysia. * : 16 December 2012 Shariah-compliant Equities & Related Securities - Domestic 17.5% Islamic Debt Securities 51.14% Islamic Money Market Instruments & Others 1.% 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 : RM6.2 Million UNITS : 1.12 Million Performance of Public Mutual PRS Islamic Strategic Equity Fund vs its Index Over the Following Periods Ended 0 June 2017 Performances of PRS-ISEQF and Index ( Fund * to 0 June 2017) s 8% 4% PRS-ISEQF PRS-ISEQF PRS-ISEQF 1-year Top 5 Foreign Countries Countries China 16.81% Taiwan 14.4 Korea 10.1% United States of America 7.1 Indonesia 4.47% Top 5 Communications 1.65% Industrial 15.25% Technology 12.82% Consumer, Non-cyclical 6.89% Diversified 6.% Tencent Holdings Limited Taiwan Semiconductor Manufacturing Company Limited Tenaga Nasional Berhad Sime Darby Berhad China Mobile Limited -4% -8% Nov-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-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.6% Shariah-compliant Equities & Related Securities - Foreign 58.45% Islamic Money Market Instruments & Others 8.19% Annual s for Calendar Year Ended 1 December Calendar Year 2016 PRS-ISEQF 0.84 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 0 June 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 :