Prudential Asia Pacific Equity Fund

Prudential Asia Pacific Equity Fund INTERIM REPORT For the 6-month financial period ended 30 September 2011 Interim Report

TABLE OF CONTENTS Fund Information... 2 Fund Performance... 4 Manager s Report... 7 Market Review... 10 Rebates and Soft Commissions... 12 Statement by the Manager... 14 Trustee s Report To The Unitholders of Prudential Asia Pacific Equity Fund... 15 Statement of Comprehensive Income... 16 Statement of Financial Position... 17 Statement of Changes in Equity... 19 Statement of Cash Flows... 21 Summary of Significant Accounting Policies... 22 Notes To The Financial Statements... 31 Corporate Directory... 63

FUND INFORMATION Name of Fund Prudential Asia Pacific Equity Fund (PRUAPEF) Fund Category/ Type Equity / Growth Fund Objective Seeks to provide medium-to-long-term capital growth. Fund Benchmark Morgan Stanley Capital International All Country Asia Pacific ex Japan Index ( MSCI AC APxJ Index ) Fund Income Distribution Policy Incidental Breakdown of Unit Holding by Size As at 30 September 2011, the size of PRUasia pacific equity fund stood at 192.509 million units. FUND SIZE 300 Units (Million) 250 200 150 100 50 0 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 2 Customer Service: 03-2332 1000

FUND INFORMATION (CONTINUED) Breakdown of Unit Holding by Size Unitholdings BREAKDOWN OF UNITHOLDINGS No. of Unit Holders % No. of Units* ('000) % 5,000 units and below 272 7.91 777 0.40 5,001 to 10,000 units 323 9.39 2,586 1.33 10,001 to 50,000 units 2,346 68.22 52,213 27.12 50,001 to 500,000 units 480 13.96 49,363 25.64 500,001 units and above 18 0.52 87,570 45.50 Total 3,439 100.00 192,509 100.00 * exclude units held by the Manager. Customer Service: 03-2332 1000 3

FUND PERFORMANCE For the financial period ended 30 September Category 2011 2010 2009 (%) (%) (%) Quoted investments Banking & insurance 22.25 27.27 25.30 Capital goods 6.89 4.90 5.01 Chemicals - - - Computers & Computer services - - - Construction 0.76 - - Consumer discretionary 1.27 - - Consumer product - 5.66 2.57 Consumer staples 2.76 - - Diversified financial Services 3.53 3.77 3.36 Electronics - Electrical - - - Energy 10.02 9.53 6.74 Finance - - - Financial service - - - Food & staples retailing 1.86 2.62 1.53 Food, beverage and tobacco 1.44 2.91 3.15 Gaming - - - Healthcare 1.58 - - Household and personal products - 1.27 - Industrial product - - - Information technology 8.38 - - Insurance - - 6.76 Manufacturing - - 1.99 Material 9.10 10.81 2.12 Media 0.99 1.17 1.72 Real estate 3.00 3.82 9.69 Real estate development and mgt - - - Real estate investment trusts 0.68 - - Retailing 1.82 0.48 1.13 Semiconductors & semiconductor equipment 6.66 3.52 3.67 Technology hardware & equipment - 4.01 5.45 Telecommunication Services 4.57 11.77 10.69 4 Customer Service: 03-2332 1000

FUND PERFORMANCE For the financial period ended 30 September (continued) Category 2011 2010 2009 (%) (%) (%) Quoted investments Trading / Services 1.98 - - Transportation 6.16 2.46 2.93 Utilities 2.88 2.11 5.96 Total quoted equities 98.58 98.08 99.77 Cash and cash equivalents 1.42 1.92 0.23 Total 100.00 100.00 100.00 Net Asset Value (RM'000) 84,899 130,091 145,939 Units In Circulation (Units '000) 192,509 254,039 272,833 Net Asset Value Per Unit (RM) 0.4410 0.5121 0.5349 Highest Net Asset Value (RM)# 0.5445 0.5135 0.5349 Lowest Net Asset Value (RM)# 0.4230 0.4521 0.3499 Total Return (%) - Capital Growth (19.99) (2.64) 49.29 - Income Distributions 4.31 5.65 - Total Return (%) (16.54) 2.86 49.29 Gross Distribution Per Unit (RM) 0.0233 0.0260 - Net Distribution Per Unit (RM) 0.0233 0.0246 - Management Expense Ratio (%)* 0.89 0.86 0.89 Portfolio Turnover Ratio (times)^ 0.89 0.28 0.38 * There were no significant changes to the MER during the period under review. ^ The higher PTR was due to a higher number of transaction done during the period under review. # Figures shown as ex-distribution. Customer Service: 03-2332 1000 5

FUND PERFORMANCE For the financial period ended 30 September (continued) 1 Year 1.10.10 to 30.9.11 3 years 1.10.08 to 30.9.11 5 years 1.10.06 to 30.9.11 Annualised average total return (10.18) 9.89 4.30 Year ended 1.4.10 to 31.3.11 1.4.09 to 31.3.10 1.4.08 to 31.3.09 1.4.07 to 31.3.08 1.4.06 to 31.3.07 Annual total return 10.71 46.80 (32.34) (2.72) 18.13 Source: Lipper Hindsight 5 as at 30 September 2011 Bases of calculation and assumptions made in calculating returns: Percentage growth = NAV t -1 NAV 0 NAV t = NAV at the end of the period NAV 0 = NAV at the beginning of the period Performance annualized = (1+Percentage Growth) 1/n - 1 n = Number of years The unit price of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance. 6 Customer Service: 03-2332 1000

MANAGER S REPORT Fund Performance Over the 5-year period ended 30 September 2011, the Fund recorded a return of 0.62%, underperforming the benchmark return of 11.00% by 10.39%. For the half-year period under review, the Fund registered a return of -16.54%, underperforming the benchmark return of -16.25% by 0.29%. The Funds performed broadly in line with the market over this period. Stock selection continues to drive the outcomes of the Fund with the manager s focus on creating a balanced portfolio of attractively valued stocks in the Asia Pacific ex Japan equity markets. PRUAsia Pacific Equity Fund - 5-Year Return Vs Benchmark 60% 60% 40% 40% % Change 20% 0% 20% 0% -20% -20% -40% Sep- 06 Feb- 07 Jul- 07 Dec- 07 May- 08 Oct- 08 Mar- 09 Aug- 09 Jan- 10 Jun- 10 Nov- 10 Apr- 11 Sep- 11-40% Date PruAsia Pacific Equity Fund Benchmark Benchmark for PRUAPEF: MSCI AC APxJ Index Source: Lipper Hindsight 5, 30 September 2011 Past performance is no indication of future performance of the Fund. Customer Service: 03-2332 1000 7

MANAGER S REPORT (CONTINUED) Analysis of Fund Performance For the financial period ended 30 September 2011 Income Return Capital Return* Total Return Total return of benchmark (%) (%) (%) (%) 4.31 (19.99) (16.54) (16.25) *Capital return components (NAV per unit to NAV per unit) 1) Quoted investments 2) Cash and cash equivalents Distribution/ Unit Splits Distribution Per Unit 27 May 2011 (RM) Gross 2.33 Net 2.33 Unit Split Nil Impact on NAV arising from distribution for the financial period ended 30 September 2011. 27 May 2011 (RM per Unit) Net Asset Value before distribution 0.5643 Less: distribution (0.0233) Net Asset Value after distribution 0.5410 Investment Strategy During Period Under Review Effective July 2011, the investment strategies has been changed from invest in securities of local and approved foreign markets with consistent or potential increase in dividend yields to invest in securities of local and Asia Pacific equities and equities-related securities with good capital growth potential. The Fund s defensive strategy and good stock selection had contributed positively towards fund performance in the period under review. 8 Customer Service: 03-2332 1000

MANAGER S REPORT (CONTINUED) Investment Strategy During Period Under Review (continued) The Eurozone debt crisis and fears of US recession prompted the Fund Manager to adopt a more defensive strategy for the fund. The Fund Manager continues to focus on stock selection and favours companies with healthy balance sheets, good market positioning, decent earnings growth and trading at attractive valuations. Asset Allocation Asset Allocation 30 Sept 2011 30 Sept 2010 Changes (%) (%) (%) Quoted investments 98.58 98.08 (0.50) Cash and cash equivalents 1.42 1.92 0.50 There have been no significant changes to the asset allocation since the Fund s last report State of Affairs of the Fund Switching Fee A switching fee of up to 0.5% on the amount switched within 6 months from the date of investment or date of switching into the Fund has been imposed effective 15 July 2011. For avoidance of doubt, Investor is required to pay Sales Charge where applicable when switching into a Fund. That investor will be charged the difference between the Sales Charge of these two (2) funds. No Sales Charge will be charged if the Fund to be switched into has a lower Sales Charge. Customer Service: 03-2332 1000 9

MARKET REVIEW Asia Pacific ex-japan equities began the period well rising in April as they extending gains from the previous month after the U.S. Federal Reserve renewed its pledge to stimulate growth in the U.S. with low interest rates. Inflation continued to be a concern to the region as China and Thailand raised interest rates in April. China s central bank also increased its reserve requirement ratio in April, the fourth time this year. Markets began to deteriorate in May on the back of rising risk aversion and weaker economic data. Investors continued to focus on quarterly earnings results, the imminent end to quantitative easing measures (QE2) and China s weaker-than-expected April economic numbers. The Euro zone sovereign debt concerns resurfaced and weighed on sentiment with anti-austerity riots seen in Spain and Greece and the potential of a second financial aid package for Greece. Asia Pacific equity markets continued to fall in June weighed down by worries over the impact of anti-inflation policies in the region, weakness in U.S. economic data and renewed concern over the Euro zone debt crisis. Financial markets in June were affected by events in Greece as PM Papandreou narrowly secured a confidence vote in Parliament. Market concerns eased at the end of the month as the Greek Parliament passed a fiveyear plan for austerity measures, a move deemed as necessary to avoid default. In the U.S., manufacturing expanded at the slowest pace in over a year and the jobless rate unexpectedly climbed to its highest level this year. The International Monetary Fund cut its forecast for U.S. growth in 2011 for the second time in two months. A short respite in July was led by ASEAN markets as a new aid plan for Greece assuaged concerns Europe s debt crisis will spread. The equity markets in the region were captive to the U.S. debt ceiling debate as Congress and US President Barack Obama waged a political battle over a proposed increase in the federal government s debt ceiling. The impasse over increasing the debt ceiling, given that the US government was scheduled to run out of cash by early August, raised the spectre of a possible default by the US government for the first time in its history. Aside from the EU debt issue and the US debt ceiling, investors were struggling to retain their balance amid the slowing of the Chinese economy and the release of quarterly/half-year earnings. Asia Pacific ex-japan equity markets saw an across-the-board sell-off in August, triggered by Standard & Poor's downgrade of its U.S. sovereign credit rating. Rising fears of recession in the U.S. and continued concern that the euro zone debt crisis will spread contributed to the rout in the region's markets. Economic data released in August showed growth in Asian nations in April to June eased, adding to concerns that the global rebound from the 2008-2009 financial crisis is losing steam. Sector-wise, 10 Customer Service: 03-2332 1000

defensives outperformed cyclicals in August. Telecoms, consumer staples and utilities were among the best performers while industrials, information technology and materials were the worst performers. Asia Pacific ex-japan equity markets retreated for a second consecutive month in September sending the regional benchmarks to their biggest loss since October 2008, the height of the credit crunch. Worries over global growth came to the fore due to the deepening debt crisis in Europe and the renewed threat of recession in the U.S. Asian shares in September bore the brunt of risk aversion on concern that the U.S. may be heading for a recession after the Federal Reserve warned of ``significant downside risks to the world s largest economy. The U.S. Fed s attempts to lift markets via manipulating the bond market had little effect on investor sentiment. Concern for a hard landing in China also troubled investors. The FBM KLCI closed the year under review at 1,387.13 points. It declined 12.16% during the period under review, lagging behind countries like Indonesia (-8.73%) and Thailand (-12.03%). In tandem with regional markets and FBM KLCI, FBM Shariah Emas Index closed the period under review lower by 13.22% while the MSCI Asia Pacific ex-japan Index retreated 21.49% in USD terms. 1 1 Source: Bloomberg: World indices Customer Service: 03-2332 1000 11

REBATES AND SOFT COMMISSIONS The Manager and its delegates (if any) are not entitled to any rebates or to share in any commission from any broker in consideration for direct dealings in the investments of the Funds. Accordingly, any rebates and shared commissions are directed to the account of the relevant Funds. Notwithstanding the aforesaid, the Manager may receive goods or services by way of soft commissions provided always that the goods or services are of demonstrable benefit to the Funds and that the execution of a transaction is consistent with the best execution standards. During the period under review (1 April 2011 30 September 2011), the Manager and its delegates (if any) did not receive any soft commissions from stockbrokers. 12 Customer Service: 03-2332 1000

Prudential Asia Pacific Equity Fund UNAUDITED FINANCIAL STATEMENTS for the six months financial period ended 30 September 2011 Customer Service: 03-2332 1000 13

STATEMENT BY THE MANAGER We, Cheah Lee Ling and Dato Tharmaratnam s/o Kanagaratnam, two of the Directors of Prudential Fund Management Berhad, do hereby state that, in the opinion of the Manager, the unaudited financial statements set out on pages 16 to 61 are drawn up in accordance with the provisions of the Deed and give a true and fair view of the state of affairs of the Fund as at 30 September 2011 and of its results, changes in net assets attributable to unitholders and cash flows of the Fund for the six months financial period ended on that date in accordance with the Financial Reporting Standards in Malaysia. For and on behalf of the Manager, PRUDENTIAL FUND MANAGEMENT BERHAD CHEAH LEE LING Director DATO THARMARATNAM S/O KANAGARATNAM Director Kuala Lumpur Date: 22 November 2011 14 Customer Service: 03-2332 1000

TRUSTEE S REPORT TO THE UNITHOLDERS OF PRUDENTIAL ASIA PACIFIC EQUITY FUND We have acted as Trustee for Prudential Asia Pacific Equity Fund (Fund) for the financial period ended 30 September 2011. To the best of our knowledge, for the period under review, Prudential Fund Management Berhad (Manager) has operated and managed the Fund in accordance with the following:- a) limitations imposed on the investment powers of the Manager and Trustee under the Deed, the Securities Commission s Guidelines on Unit Trust Funds, the Capital Markets and Services Act 2007 and other applicable laws; b) the valuation/pricing for the Fund has been carried out in accordance with the deed of the Fund and applicable regulatory requirements; and c) creation and cancellation of units for the Fund have been carried out in accordance with the deed of the Fund and applicable regulatory requirements. We confirm that a gross income distribution of 2.33 sen per unit made during the financial period is relevant and reflects the investment objectives of the Fund. For Deutsche Trustees Malaysia Berhad JACQUELINE WILLIAM Chief Executive Officer KONG SEAH YEN Senior Trust Officer Kuala Lumpur Date: 22 November 2011 Customer Service: 03-2332 1000 15

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME for the six months financial period ended 30 September 2011 Note 01.04.2010 to 01.04.2011 to 30.09.2010 30.09.2011 (Restated) (RM) (RM) INVESTMENT INCOME Gross dividend income 3,463,898 3,881,715 Interest income - 569 Net realised gain on sale of investment 3 4,413,492 3,899,788 Net foreign exchange loss - (92,900) Net unrealised loss on changes in financial assets at fair value through profit or loss (24,368,953) (3,866,181) (16,491,563) 3,822,991 EXPENSES Management fee 4 (794,596) (935,412) Trustee s fee 5 (37,081) (43,652) Custodian fee (18,867) (59,466) Auditors remuneration (3,009) (13,025) Other expenses (88,020) (19,036) (941,573) (1,070,591) NET (LOSS)/PROFIT BEFORE TAXATION (17,433,136) 6,618,581 TAXATION 7 (207,253) (412,256) NET (LOSS)/PROFIT AFTER TAX AND TOTAL COMPREHENSIVE (LOSS)/INCOME (17,640,389) 2,340,144 Net (loss)/profit after taxation is made up of the following: Realised amount 9,139,170 6,206,325 Unrealised amount (26,779,559) (3,866,181) (17,640,389) 2,340,144 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. 16 Customer Service: 03-2332 1000

UNAUDITED STATEMENT OF FINANCIAL POSITION as at 30 September 2011 ASSETS Note 30.09.2011 31.03.2011 (RM) (RM) CURRENT ASSETS Financial assets at fair value through profit or loss 8 83,649,939 115,275,632 Bank balances with licensed banks 9 1,386,374 2,415,535 Amount due from stockbrokers 228,870 756,275 Amount due from Manager 59,686 179,798 Tax recoverable 346,257 346,257 Dividends receivable 574,687 652,944 TOTAL ASSETS 86,245,813 119,626,441 LIABILITIES CURRENT LIABILITIES Amount due to Manager 98,136 315,826 Amount due to stockbrokers 1,086,478 1,463,175 Accrued management fee 108,625 - Amount due to Trustee 5,069 6,749 Other payables 48,563 44,100 TOTAL LIABILITIES 1,346,871 1,829,850 NET ASSET VALUE OF THE FUND 10 84,898,942 117,796,591 EQUITY Unitholders capital 35,839,774 46,300,312 Retained earnings 49,059,168 71,496,279 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. Customer Service: 03-2332 1000 17

UNAUDITED STATEMENT OF FINANCIAL POSITION as at 30 September 2011 (continued) Note 30.09.2011 31.03.2011 (RM) (RM) NET ASSETS ATTRIBUTABLE TO UNIT HOLDERS 10 84,898,942 117,796,591 NUMBER OF UNITS IN CIRCULATION 10 192,508,514 213,113,204 NET ASSET VALUE PER UNIT (EX-DISTRIBUTION) 0.4410 0.5527 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. 18 Customer Service: 03-2332 1000

UNAUDITED STATEMENT OF CHANGES IN EQUITY for the six months financial period ended 30 September 2011 Note Unitholders capital Retained earnings Fair value reserve Total (RM) (RM) (RM) (RM) Balance as at 1 April 2011 46,300,312 71,496,279-117,796,591 Movement in unitholders contribution: Creation of units arising from application 10 12,394,725 - - 12,394,725 Creation of units arising from distribution 4,737,202 - - 4,737,202 Cancellation of units 10 (27,592,465) - - (27,592,465) Total comprehensive loss for the financial period - (17,640,389) - (17,640,389) Distribution 6 (Gross: 2.33 sen/net: 2.33 sen) - (4,796,722) - (4,796,722) Balance as at 30 September 2011 35,839,774 49,059,168-84,898,942 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. Customer Service: 03-2332 1000 19

UNAUDITED STATEMENT OF CHANGES IN EQUITY Note Unitholders capital Retained earnings Fair value reserve Total (RM) (RM) (RM) (RM) Balance as at 1 April 2010, as previously stated - - - - Prior year adjustment for adoption of amendments to FRS 132 70,554,937 52,934,695 12,363,724 135,853,356 Balance as at 1 April 2010, restated after adoption of amendments to FRS 132 70,554,937 52,934,695 12,363,724 135,853,356 Adjustment for adoption of FRS 139-12,363,724 (12,363,724) - Balance as at 1 April 2010, Restated after adoption of FRS 139 70,554,937 65,298,419-135,853,356 Movement in unitholders contribution: Creation of units arising from application 5,044,302 - - 5,044,302 Creation of units arising from distribution 6,024,108 - - 6,024,108 Cancellation of units (12,839,772) - - (12,839,772) Total comprehensive income for the financial period - 2,340,144-2,340,144 Distribution 6 (Gross: 2.60 sen/net: 2.46 sen) - (6,116,263) - (6,116,263) Balance as at 30 September 2010, restated 68,783,575 61,522,300-130,305,875 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. 20 Customer Service: 03-2332 1000

UNAUDITED STATEMENT OF CASH FLOWS for the six months financial period ended 30 September 2011 01.04.2011 to 30.09.2011 01.04.2010 to 30.09.2010 Note (RM) (RM) CASH FLOWS FROM OPERATING ACTIVITIES Proceeds from sale of investments 98,801,299 40,225,530 Purchase of investments (86,980,359) (32,825,110) Dividends received 3,542,155 3,871,803 Interest received - - Management s fee paid (830,588) (969,135) Trustee s fee paid (38,761) (45,226) Custodian fee paid (18,867) (63,981) Payment for other fees and expenses (86,566) (14,211) Tax paid (207,253) (412,256) Net cash inflow from operating activities 14,181,060 9,767,414 CASH FLOWS FROM FINANCING ACTIVITIES Cash proceeds from units created 17,252,040 10,982,669 Payments for release of units (27,665,539) (13,030,565) Distribution paid (4,796,722) (6,116,263) Net cash outflow from financing activities (15,210,221) (8,164,159) NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (1,029,161) 1,603,255 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL PERIOD 2,415,535 1,176,212 CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL PERIOD 1,386,374 2,779,467 The accompanying summary of significant accounting policies and notes to the unaudited financial statements form an integral part of these unaudited financial statements. Customer Service: 03-2332 1000 21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES for the six months financial period ended 30 September 2011 The following accounting policies have been used in dealing with items which are considered material in relation to the financial statements. A BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The financial statements of the Fund have been prepared under the historical cost convention, unless otherwise indicated and in accordance with the Financial Reporting Standards, the MASB Approved Accounting Standards in Malaysia for Entities Other than Private Entities and the Securities Commission s Guidelines on Unit Trust Funds. (i) The new accounting standards that are effective for the Fund's financial period beginning on or after 1 April 2011 is as follows. Amendments to FRS 7 "Financial instruments: Disclosures" and FRS 1 "First-time adoption of financial reporting standards" (effective from 1 January 2011) require enhanced disclosures about fair value measurement and liquidity risk. In particular, the amendment requires disclosure of fair value measurements by level of a fair value measurement hierarchy. IC Interpretation 17 "Distribution of non-cash assets to owners" (effective from 1 July 2010) provides guidance on accounting for arrangements whereby an entity distributes non-cash assets to shareholders either as a distribution of reserves or as dividends. FRS 5 has also been amended to require that assets are classified as held for distribution only when they are available for distribution in their present condition and the distribution is highly probable. There are no new standards, amendments and interpretations to published standards which are relevant to the Fund and have not been early adopted. 22 Customer Service: 03-2332 1000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES B INCOME RECOGNITION Interest income from short-term deposits is recognised on an accrual basis using the effective interest method. Dividend income is recognised on the ex-dividend date, when the right to receive the dividend has been established. Realised gain or loss on disposal of investments are accounted for as the difference between the net disposal proceeds and the carrying amount of investments, which is determined on a weighted average cost basis. C TAXATION Current tax expense is determined according to the Malaysian tax laws at the current rate based on the foreign countries tax regimes that the Fund invests in. Dividend income from foreign quoted investments is based on the tax regime of the respective countries that the Fund invested in. D PRESENTATION AND FUNCTIONAL CURRENCY Items included in the financial statements of the Fund are measured using the currency of the primary economic environment in which the Fund operates (the functional currency ). The financial statements are presented in Ringgit Malaysia, which is the Fund s presentation and functional currency. Customer Service: 03-2332 1000 23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES E FOREIGN CURRENCY TRANSLATION Foreign currency transactions in the Fund are accounted for at exchange rates prevailing at the transaction dates. Foreign currency monetary assets and liabilities are translated at exchange rates prevailing as at the date of the statement of financial position. Exchange differences arising from the settlement of foreign currency transactions and from the translation of foreign currency monetary assets and liabilities are included in the statement of comprehensive income. The principal closing rates used in the translation of foreign currencies were as follows: Foreign currency 30.09.2011 30.09.2010 (RM) (RM) 1 Singapore Dollar 2.4471 2.3468 1 US Dollar 3.1900 3.0860 1 Hong Kong Dollar 0.4098 0.3976 100 Thai Baht 10.2178 10.1747 1 Australian Dollar 3.0978 2.9873 1 New Zealand Dollar 2.4388 2.2691 100 New Taiwan Dollar 10.4660 9.8806 100 South Korean Won 0.2700 0.2707 100 Indonesian Rupiah 0.3625 0.3460 100 Indian Rupee 6.5009 6.8685 100 Philippine Peso 0.7295 0.7033 F FINANCIAL ASSETS AND LIABILITIES (i) Classification The Fund designates its investment in quoted securities as financial assets at fair value through profit or loss at inception. Financial assets are designated at fair value through profit or loss when they are managed and their performance evaluated on a fair value basis. 24 Customer Service: 03-2332 1000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES F FINANCIAL ASSETS AND LIABILITIES (CONTINUED) (i) Classification (continued) Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and have been included in current assets. The Fund s loans and receivables comprise cash and cash equivalents, amount due from Manager, amount due from brokers, and dividend receivables which are all due within 12 months. The Fund classifies amount due to Manager, amount due to brokers, accrued management fees, amount due to Trustee, other payables and accrued expenses as other financial liabilities. (ii) Recognition and measurement Regular purchases and sales of financial assets are recognised on the tradedate-the-date on which the Fund commits to purchase or sell the asset. Investments are initially recognised at fair value. Transaction costs are expensed in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the investments have expired or have been transferred and the Fund has transferred substantially all risks and rewards of ownership. Gains or losses arising from changes in the fair value of the financial assets at fair value through profit or loss category are presented in the statement of comprehensive income within net gain/(loss) on financial assets at fair value through profit and loss in the period in which they arise. Dividend income from financial assets at fair value through profit or loss is recognised in the statement of comprehensive income as part of gross dividend income when the Fund s right to receive payments is established. Customer Service: 03-2332 1000 25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES F FINANCIAL ASSETS AND LIABILITIES (CONTINUED) (ii) Recognition and measurement (continued) In accordance with the Deed, quoted investments in Malaysia are valued at the last done market price quoted on the Bursa Malaysia Securities Berhad ( Bursa Securities ) at the date of the statement of financial position. Quoted investments outside Malaysia are valued at the market bid prices quoted of the respective foreign stock exchanges as at the date of the statement of financial position. If a valuation based on the market price does not represent the fair value of the securities, for example during abnormal market conditions or no market price is available, including in the event of a suspension in the quotation of the securities for a period exceeding 14 days, or such shorter period as agreed by the Trustee, then the securities are valued as determined in good faith by the Manager, based on the methods or bases approved by the Trustee after appropriate technical consultation. Unrealised gains or losses on change in fair value of quoted investments are accounted for in the statement of comprehensive income, any unrealised gains however are not distributable. G CASH AND CASH EQUIVALENTS For the purpose of the cash flow statement, cash and cash equivalents comprise deposits with a licensed financial institution and bank balance with a licensed bank that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. 26 Customer Service: 03-2332 1000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES H CREATION AND CANCELLATION OF UNITS The Fund issues cancellable units, which are cancelled at the unit holder s option and are classified as equity. Cancellable units can be put back to the Fund at any time for cash equal to a proportionate share of the Fund s net asset value. The outstanding units is carried at the redemption amount that is payable at the net asset value if the holder exercises the right to put the unit back to the Fund. Units are created and cancelled at the holder s option at prices based on the Fund s net asset value per unit at the time of creation or cancellation. The Fund s net asset value per unit is calculated by dividing the net assets attributable to unitholder with the total number of outstanding units. I PROCEEDS AND PAYMENTS ON CREATION AND CANCELLATION OF UNITS The net asset value per unit is computed for each dealing day. The price at which units are created or cancelled is calculated by reference to the net asset value per unit as at the close of business on the relevant dealing day. Units in the Fund are classified as equity in the statement of financial position and are stated at fair value representing the price at which unit holders can redeem the units from the Fund. J DISTRIBUTION Distribution are at the discretion of the Fund. A distribution to the Fund s Unit holders is accounted for a deduction from realised reserves. A proposed distribution is recognised as a liability in the period in which it is approved. K AMOUNT DUE FROM/(TO) STOCKBROKERS Amounts due from and to brokers represent receivables for securities sold and payables for securities purchased that have been contracted for but not yet settled or delivered on the statement of financial position date respectively. Customer Service: 03-2332 1000 27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES K AMOUNT DUE FROM/(TO) STOCKBROKERS (CONTINUED) These amounts are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment for amounts due from brokers. A provision for impairment of amounts due from brokers is established when there is objective evidence that the Fund will not be able to collect all amounts due from the relevant broker. Significant financial difficulties of the broker, probability that the broker will enter bankruptcy or financial reorganisation, and default in payments are considered indicators that the amount due from brokers is impaired. Once a financial asset or a group of similar financial assets has been written down as a result of an impairment loss, interest income is recognised using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. The effective interest method is a method of calculating the amortised cost of a financial asset or financial liability and of allocating the interest income or interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts throughout the expected life of the financial instrument, or, when appropriate, a shorter period, to the net carrying amount of the financial asset or financial liability. When calculating the effective interest rate, the Fund estimates cash flows considering all contractual terms of the financial instrument but does not consider future credit losses. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate, transaction costs and all other premiums or discounts. L SEGMENTAL INFORMATION A business segment is a group of assets and operations engaged in providing products or services that are subject to risks and returns that are different from those of other business segments. A geographical segment is engaged in providing products or services within a particular economic environment that are subject to risks and returns that are different from those of segments operating in other economic environments. 28 Customer Service: 03-2332 1000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES L SEGMENTAL INFORMATION (CONTINUED) Operating segments are reported in a manner consistent with the internal reporting used by chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Investment Committee of the Fund s manager that undertakes strategic decisions for the Fund. M FINANCIAL INSTRUMENTS Financial instruments comprise financial assets and financial liabilities. Fair value is the amount at which a financial asset could be exchanged or a financial liability settled, between knowledgeable and willing parties in an arm s length transaction. The information presented herein represents the estimates of fair values as at the date of the statement of financial position. 30 September 2011 Note Loans and receivables Financial assets at fair value through profit or loss Total (RM) (RM) (RM) Financial assets at fair value through profit or loss 8-83,649,939 83,649,939 Receivables 863,243-863,243 Cash and cash equivalents 9 1,386,374-1,386,374 2,249,617 83,649,939 85,899,556 All current liabilities are financial liabilities which are carried at amortised cost. Customer Service: 03-2332 1000 29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES N CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS The preparation of financial statements in conformity with the Financial Reporting Standards and the SC Guidelines on Unit Trust Funds requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the financial period. Although these estimates are based on the Manager s best knowledge of current events and actions, actual results could differ from those estimates. Estimates and judgments are continually evaluated by the Manager and the Trustee and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 30 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS for the six months financial period ended 30 September 2011 1 INFORMATION ON THE FUND Prudential Asia Pacific Equity Fund ( the Fund ) was constituted pursuant to the execution of a deed dated 15 July 2005 as modified by a Supplemental Deed dated 27 July 2007 and the Second Supplemental Deed dated 30 November 2009 entered into between Prudential Fund Management Berhad (the Manager ) and Mayban Trustees Berhad ( Mayban Trustees ). The Fund replaced Mayban Trustees with Deutsche Trustees Malaysia Berhad (the Trustee ) effective 1 October 2010. A Supplemental Master Deed ( Deed ) was entered into between the Manager and the Trustee on 30 July 2010 to effect the change of trustee from Mayban Trustees to the Trustee. The Fund was launched on 21 July 2005 and will continue its operations until terminated by the Trustee or the Manager as provided under Part 12 of the Deed. The Fund invests primarily in equity and equity-related securities. All investments will be subjected to the SC Guidelines on Unit Trust Funds, the Deed except where exemptions or variations have been approved by the Securities Commission Malaysia, internal policies and procedures and the Fund s objective. The main objective of the Fund is to seek medium to long term capital growth through investments in both local and approved foreign markets in Asia Pacific region and equity related securities with consistent or potential increase in dividend yields each at the point of purchase. The Manager is a company incorporated in Malaysia and is related to Prudential Plc., a public listed company in the United Kingdom. The principal activity of the Manager is the establishment and management of unit trust funds and asset management. 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The Fund is exposed to a variety of risks which include market risk inclusive of price risk, interest rate risk and foreign exchange/currency risk, single issuer risk, liquidity risk, country risk, fund management risk, capital risk and credit/default risk. Financial risk management is carried out through internal control processes adopted by the Manager and adherence to the investment restrictions as stipulated by the SC Guidelines on Unit Trust Funds. Customer Service: 03-2332 1000 31

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Market risk (a) Price risk This risk refers to changes and developments in regulations, politics and the economy of the country. The very nature of a unit trust fund, however, helps mitigate this risk because a fund would generally hold a well-diversified portfolio of securities from different market sectors so that the collapse of any one security or any one market sector would not impact too greatly on the value of the fund. The table below shows assets of the Fund as at 30 September 2011 which are exposed to price risk. 30.09.2011 (RM) Quoted securities designated at fair value through profit or loss 83,649,939 The following table summarises the sensitivity of the Fund s net asset value to movements in prices of quoted securities as at 30 September 2011. The analysis is based on the assumptions that the market price of the quoted securities increased and decreased by 5% with all other variables held constant. This represents management s best estimate of a reasonable possible shift in the quoted Shariah-compliant securities, having regard to the historical volatility of the prices. % Change in price of quoted securities Market value (RM) Change in net asset value (RM) +5% 87,832,436 4,182,497-5% 79,467,442 (4,182,497) 32 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Market risk (continued) (b) Interest rate risk Interest rate risk refers to interest rate movements, which will affect the returns on the investments held by the Fund. The Fund s investments are short term in nature. Therefore, exposure to interest rate fluctuations in minimal. As at the date of the statement of financial position, all the financial assets and financial liabilities are non-interest bearing. As at 30 September 2011, the Fund is not exposed to a material level of interest rate risk. (c) Foreign exchange/currency risk As the Fund may invest its assets in securities denominated in a wide range of currencies other than Ringgit Malaysia, the net asset value of the fund expressed in Ringgit Malaysia may be affected favourably or unfavourably by exchange control regulations or changes in the exchange rates between Ringgit Malaysia and such other currencies. The risk is minimised through investing in a wide range of foreign currencies denominated assets and thus, diversifying the risk of single currency exposure. In the normal course of investment, the Fund Manager will usually not hedge foreign currency exposure. The Fund Manager may however depending on prevailing market circumstances at a particular point in time, choose to use forward or option contracts for hedging and risk reduction purposes. Customer Service: 03-2332 1000 33

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Market risk (continued) (c) Foreign exchange/currency risk (continued) The following table sets out the foreign exchange/currency risk concentrations and counterparties of the Fund. As at 30 September 2011 Financial assets at fair value through profit or loss Amount due from stockbrokers Cash and cash equivalents Dividends receivable Others Total (RM) (RM) (RM) (RM) (RM) (RM) Malaysia 1,675,894-222,793 4,511 405,943 2,309,141 Australia 18,264,275-5,303 218,962-18,488,540 Hong Kong 22,397,764-13,347 246,477-22,657,588 India 8,812,178 30,122 32,803 21,923-8,897,026 Indonesia 4,000,090-10,958 - - 4,011,048 Korea 12,790,204 198,748 - - - 12,988,952 Philipines - - - - - - Singapore 2,786,802 - (403) 34,272-2,820,671 United States - - 1,067,527 - - 1,067,527 New Zealand - - 72 - - 72 Taiwan 9,878,625-33,974 48,542-9,961,141 Thailand 3,044,107 - - - - 3,044,107 83,649,939 228,870 1,386,374 574,687 405,943 86,245,813 34 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Single issuer risk Any major price fluctuation of a particular security invested by the Fund may affect the Fund s net asset value and thus the prices of units. The single issuer risk is managed by adhering to the investment limits as specified in the SC Guidelines on Unit Trust Funds. Liquidity risk The Fund maintains sufficient level of liquid assets, after consultation with the Trustee, to meet anticipated payments and cancellations of units by unitholders. Liquid assets comprise cash, deposits with licensed financial institutions and other instruments which are capable of being converted into cash within 7 days. The table below summarises the Fund s financial liabilities into relevant maturity groupings based on the remaining period as at the statement of financial position date to the contractual maturity date. The amounts in the table are the contractual undiscounted cash flows. As at 30 September 2011 Less than 1 month 1 month and above Total (RM) (RM) (RM) Amount due to Manager: - cancellation of units 98,136-98,136 - management fee 108,625-108,625 Amount due to Trustee 5,069-5,069 Due to Brokers 1,086,478-1,086,478 Auditors remuneration - 19,509 19,509 Tax agent s fee - 4,954 4,954 Other payables - 24,100 24,100 Contractual cash out flows 1,298,308 48,563 1,346,871 Customer Service: 03-2332 1000 35

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Country risk The NAV of the Fund may be affected by uncertainties such as currency fluctuations, international political developments, restrictions on foreign investment and currency repatriation, changes in government policies, changes in taxation and other developments in the laws and regulations of countries in which investment may be made. In addition, the reduced availability of public information, the legal infrastructure and the lack of uniform accounting, auditing and financial reporting standards or other regulatory practices and requirements may reduce the degree of investor protection afforded. Some of the securities may also be subjected to government taxes or incur high custodian expenses which may reduce the yield on such securities. Investing into various Asia-Pacific markets will however mitigate the country risk of the portfolio. Fund management risk There is the risk that the management company may not adhere to the investment mandate of the respective fund. With close monitoring by the investment committee, back office system being incorporated with limits and controls, and regular reporting to the senior management team, the management company is able to manage such risk. The Trustee has an oversight function over management of the Fund by the management company to safeguard the interests of unitholder. Capital risk The capital of the Fund is presented by equity consisting of unitholders capital and retained earnings. The amount of equity can change significantly on a daily basis as the Fund is subject to daily subscriptions and redemptions at the discretion of shareholders. The Fund s objective when managing capital is to safeguard the Fund s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain a strong capital base to support the development of the investment activities of the Fund. 36 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Credit/Default risk Credit risk refers to the ability of an issuer or a counter party to make timely payments of profit, principals and proceeds from realisation of quoted investments. The credit risk arising from placements of deposits in licensed financial institutions is managed by ensuring that the Fund will only place deposits in reputable licensed financial institutions. For amount due from stockbrokers, the settlement terms are governed by the relevant rules and regulations as prescribed by Bursa Securities. The settlement terms of the proceeds from the creation of units receivable from the Manager are governed by the Securities Commission s Guidelines on Unit Trust Funds. The credit/default risk is minimal as all transactions in quoted investments are settled/paid upon delivery using approved brokers. Customer Service: 03-2332 1000 37

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Credit/Default risk (continued) Quoted investments Amount due from stockbrokers Bank balance Dividends receivable Others Total (RM) (RM) (RM) (RM) (RM) (RM) As at 30 September 2011 Banking & Insurance 18,886,649 - - 221,645-19,108,294 Capital Goods 5,849,764 - - 87,811-5,937,575 Construction 641,767 - - - - 641,767 Consumer discretionary 1,076,913 - - 21,211-1,098,124 Consumer Staples 2,341,140 - - 10,289-2,351,429 Diversified Financial Services 2,992,604 - - - - 2,992,604 Food & staples 1,577,423 - - 26,382-1,603,805 Energy 8,496,970 - - 85,751-8,582,721 Finance - - 1,386,374 - - 1,386,374 Food, Beverage and Tobacco 1,221,609 - - 37,925-1,259,534 Healthcare 1,340,905 - - - - 1,340,905 Information technology 7,103,773 30,122 - - - 7,133,895 Materials 7,732,321 - - 36,903-7,769,224 Media 839,499 - - - - 839,499 Real Estate 3,121,596 - - 17,972-3,139,568 Retailing 1,544,929 198,748 - - - 1,743,677 Semiconductors 5,651,472 - - - - 5,651,472 Telecommunication 3,879,090 - - - - 3,879,090 Transportation 5,235,128 - - 17,022-5,252,150 Trading/Services 1,675,894 - - 4,512-1,680,406 Utilities 2,440,493 - - 7,264-2,447,757 Others - - - - 405,943 405,943 83,649,939 228,870 1,386,374 574,687 405,943 86,245,813 All financial assets of the Fund as at 30 September 2011 are neither past due not impaired. 38 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 3 NET REALISED GAIN ON SALE OF INVESTMENT 01.04.2011 to 01.04.2010 to 30.09.2011 30.09.2010 (RM) (RM) Realised gain on sale of investment - 5,921,985 Realised loss on sale of investment - (2,022,197) - 3,899,788 4 MANAGEMENT FEE In accordance with the Deed, the Manager is entitled to a management fee at a rate not exceeding 2.00% per annum on the net asset value of the Fund accrued on a daily basis for the financial period. For the financial period ended 30 September 2011, the management fee is recognised at a rate of 1.50% (2010: 1.50%) per annum on the net asset value of the Fund, calculated on daily basis. There will be no further liability to the Manager in respect of the management fee other than the amounts recognised above. 5 TRUSTEE FEE In accordance with the Deed, the Trustee is entitled to a fee at a rate not exceeding 0.20% per annum on the net asset value of the Fund, subject to a minimum fee of RM18,000 per annum, accrued on a daily basis for the financial period. For the financial period ended 30 September 2011, the Trustee s fee is recognised at a rate of 0.07% (2010: 0.07%) per annum on the net asset value of the Fund, calculated on daily basis. There will be no further liability to the Trustee in respect of the trustee fee other than the amounts recognised above. Customer Service: 03-2332 1000 39

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 6 DISTRIBUTION 01.04.2011 to 30.09.2011 (RM) 01.04.2010 to 30.09.2010 (RM) Distribution to unitholders is from the following sources: Prior year s realised income: Dividend income 2,001,520 2,694,033 Interest Income 15,816 21,289 Net realised gain on sale of investments 3,424,083 4,608,794 Gross realised income 5,441,419 7,324,116 Less: Expenses (640,075) (861,462) Taxation (4,622) (346,391) 4,796,722 6,116,263 Gross distribution per unit (sen) 2.33 2.60 Net distribution per unit (sen) 2.33 2.46 Ex-date 27 May 2011 1 June 2010 Gross distribution is derived using total income less total expenses. The distribution is made from prior year s realised income. Gross distribution per unit is derived from gross realised income less expenses divided by the number of units in circulation, while net distribution for unit is derived from gross realised income less expenses and taxation divided by the number of units in circulation. Income equalisation represents the average amount of distributable income included in the creation and cancellation prices of units. It is computed as at each date of creation and cancellation of units. For the purposes of determining amount available for distribution, income equalisation is included in the computation of realised gain or income available for distribution. 40 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 7 TAXATION 01.04.2011 to 30.09.2011 (RM) 01.04.2010 to 30.09.2010 (RM) Current taxation - Malaysia tax 1,504 - - Foreign tax 205,749 412,256 207,253 412,256 The numerical reconciliation between net profit/(loss) before taxation multiplied by the Malaysian statutory tax rate and tax expense of the Fund is as follows: 01.04.2011 to 30.09.2011 (RM) 01.04.2010 to 30.09.2010 (RM) Net profit/(loss) before taxation (17,433,136) 6,618,581 Tax at applicable rate of 25% (2010: 25%) (4,358,284) 1,654,645 Tax effect of: Income exempt from tax 4,597,346 (970,571) Expenses not deductible for tax purposes (651,924) (684,074) Foreign income subject to foreign tax 205,609 412,256 Tax expense 207,253 412,256 Customer Service: 03-2332 1000 41

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 2011 (RM) Designated at fair value through profit or loss at inception 83,649,939 Quoted investments 83,649,939 Net gain/(loss) on assets at fair value through profit or loss - Realised 2,410,606 - Unrealised (26,779,559) (24,368,953) 42 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund Malaysia Equities Trading/Services Genting Malaysia Bhd 238,700 863,344 837,837 0.99 Tenaga Nasional Bhd 162,100 1,096,071 838,057 0.99 Total Malaysia Equities 400,800 1,959,415 1,675,894 1.98 FOREIGN Australia Equities Banking & Insurance Australia & New Zealand 30,118 1,647,627 1,821,207 2.15 National Australia Bank Limited 38,008 2,860,119 2,633,870 3.10 AMP Limited 36,896 731,649 451,471 0.53 Suncorp Group Limited 89,942 2,775,484 2,223,406 2.62 194,964 8,014,879 7,129,954 8.40 Diversified Financial Services Macquarie Group Limited 10,879 1,110,258 770,741 0.91 Food & staples retailing Woolworths Limited 20,483 1,656,324 1,577,423 1.86 Energy Oil Search Limited 53,404 1,120,490 936,362 1.10 Origin Energy Limited 56,913 2,612,555 2,362,488 2.78 110,317 3,733,045 3,298,850 3.88 Customer Service: 03-2332 1000 43

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 FOREIGN (CONTINUED) Australia Equities (continued) (Units) (RM) (RM) % of value of the Fund Food, Beverage & Tobacco Foster s Group Limited 74,687 798,113 1,221,609 1.44 Materials BHP Billiton Ltd 12,810 1,460,104 1,389,692 1.64 Rio Tinto Limited 4,220 1,100,726 807,894 0.95 17,030 2,560,830 2,197,586 2.59 Real estate Lend Lease 20,434 576,969 445,635 0.52 Telecommunication Telstra Corporation Limited 168,952 1,620,593 1,622,477 1.91 Total Australia Equities 617,746 20,071,011 18,264,275 21.51 Hong Kong Equities Banking & Insurance Bank of China Limited 2,222,400 3,200,938 2,231,105 2.63 China Pacific Insurance 190,400 2,309,415 1,774,925 2.09 2,412,800 5,510,353 4,006,030 4.72 Transportation China Merchants Holdings International Limited 139,165 1,587,169 1,208,920 1.42 Cosco Pacific Limited 232,000 901,524 830,866 0.98 Pacific Basin Shipping Limited 1,096,000 1,837,711 1,369,753 1.61 1,467,165 4,326,404 3,409,539 4.01 44 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund FOREIGN (CONTINUED) Hong Kong Equities (continued) Capital Goods Hutchison Whampoa Ltd 48,000 1,539,752 1,149,628 1.35 Swire Pacific A Ltd 24,000 1,011,864 791,660 0.93 72,000 2,551,616 1,941,288 2.28 Retailing Li & Fung Ltd 172,000 938,239 931,733 1.10 Consumer staples Hengan International Group Co Ltd 53,000 1,420,121 1,367,110 1.61 Energy China Shenhua Energy Co Ltd 134,500 1,992,467 1,711,258 2.02 Cnooc Ltd 256,000 893,993 1,363,688 1.61 Real Estate 390,500 2,886,460 3,074,946 3.63 Evergrande Real Estate Group 735,000 1,643,766 734,867 0.87 Henderson Land Development 94,000 1,736,014 1,365,450 1.61 829,000 3,379,780 2,100,317 2.48 Information Technology Tencent Holdings Ltd 21,600 1,772,441 1,453,311 1.71 Customer Service: 03-2332 1000 45

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund FOREIGN (CONTINUED) Hong Kong Equities (continued) Materials Huabao International Holdings Ltd 563,000 1,401,601 1,478,761 1.74 Zijin Mining Group Co Ltd 318,000 542,154 298,397 0.35 881,000 1,943,755 1,777,158 2.09 Telecommunications China Unicom 230,000 1,374,428 1,530,543 1.80 Utilities China Resources Power Holdings Co Limited 376,000 1,127,324 805,789 0.95 Total Hong Kong Equities 6,905,065 27,230,921 22,397,764 26.38 Indonesia Equities Banking & Insurance PT Bank Rakyat Indonesia 852,500 1,511,803 1,807,833 2.13 Consumer Staples PT Salim Ivomas Pratama TBK 2,357,000 1,031,231 974,030 1.15 Energy Indo Tambangraya Megah TBK 65,500 877,942 931,942 1.10 Indika Energy TBK 351,000 458,268 286,285 0.34 416,500 1,336,210 1,218,227 1.44 Total Indonesia Equities 3,626,000 3,879,244 4,000,090 4.72 46 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund FOREIGN (CONTINUED) India Equities Banking & Insurance ICICI Bank Ltd 29,604 2,099,586 1,684,730 1.98 Consumer Discretionary Ashok Leyland 634,697 1,066,984 1,076,913 1.27 Construction Voltas Ltd 89,057 966,446 641,767 0.76 Diversified Financial Services LIC Housing Financial 79,819 1,224,188 1,088,642 1.28 Mahindra & Mahindra Financial Ltd 5,688 267,755 244,789 0.29 Healthcare 85,507 1,491,943 1,333,431 1.57 Ranbaxy Laboratories Limited 40,141 1,476,696 1,340,905 1.58 Information Technology Mphasis Limited 12,149 359,641 270,110 0.32 Media Sun TV Network 55,662 1,265,583 839,499 0.99 Materials Hindalco Industries Corporation 97,363 1,205,102 832,009 0.98 Sterlite Industries India Ltd 107,260 1,201,875 792,815 0.93 204,623 2,406,977 1,624,824 1.91 Total India Equities 1,151,440 11,133,856 8,812,179 10.38 Customer Service: 03-2332 1000 47

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 FOREIGN (CONTINUED) Republic of Korea Equities Banking & Insurance (Units) (RM) (RM) % of value of the Fund KB Financial Group 8,499 1,252,905 926,061 1.09 Samsung Fire & Marine Ins Co 938 637,437 548,389 0.65 9,437 1,890,342 1,474,450 1.74 Capital Goods Hanakook Tire 9,010 1,118,262 985,390 1.16 Hyundai Engineering And Construction Co Ltd 6,633 1,635,037 1,094,408 1.29 15,643 2,753,299 2,079,798 2.45 Diversified Financial Services Hana Financial G Ord 9,400 873,775 888,432 1.05 Energy Korea Electronics 15,920 1,230,828 904,947 1.07 Materials Posco 1,264 1,608,221 1,266,336 1.49 Retailing E-Mart Inc 762 598,951 613,196 0.72 Semiconductors Samsung Electronics 1,953 3,219,009 3,011,386 3.55 Transportation Hyundai Motor Co Ltd 3,204 1,801,380 1,825,589 2.15 48 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund FOREIGN (CONTINUED) Republic of Korea Equities (continued) Telecommunications KT Corporation 7,500 871,228 726,070 0.86 Total Republic of Korea Equities 65,083 14,847,033 12,790,204 15.08 Singapore Equities Banking & Insurance DBS Group Holdings Limited 47,431 1,477,751 1,374,250 1.62 Capital Goods Sembcorp Industries Limited 100,000 628,637 836,908 0.99 Real Estate Investment Trusts Perennial China Retail Trust 517,000 828,958 575,644 0.68 Total Singapore Equities 664,431 2,935,346 2,786,802 3.29 Taiwan Equities Capital Goods Far Eastern New Century Corporation 300,829 1,131,989 991,770 1.17 Material Farmosa Chemical And Fibre Corporation 104,000 923,331 866,417 1.02 Customer Service: 03-2332 1000 49

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 FOREIGN (CONTINUED) Taiwan Equities (continued) (Units) (RM) (RM) % of value of the Fund Information Technology Acer Inc 284,000 1,201,707 1,120,574 1.32 Delta Electronics Inc 76,957 743,224 583,938 0.69 Hon Hai Precision Ind Co Ltd 226,900 2,112,251 1,643,317 1.94 HTC Corporation Ltd 12,650 1,273,068 906,905 1.07 Largan Precision Ltd 15,000 1,445,533 1,125,618 1.33 615,507 6,775,783 5,380,352 6.35 Semiconductors Taiwan Semiconductor Manufacturing Company 264,355 1,683,132 1,936,718 2.28 Wistron Corporation Ltd 192,289 960,813 703,368 0.83 456,644 2,643,945 2,640,086 3.11 Total Taiwan Equities 1,476,980 11,475,048 9,878,625 11.65 Thailand Equities Banking & Insurance Bangkok Bank 93,200 1,254,255 1,409,402 1.66 Utilities PTT Exploration & Production PCL 95,800 1,755,643 1,634,704 1.93 Total Thailand Equities 189,000 3,009,898 3,044,106 3.59 Total Foreign Equities 14,695,745 94,582,357 81,974,045 96.60 50 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) Name of counter Nominal value Carrying cost Fair value as at 30.9.2011 (Units) (RM) (RM) % of value of the Fund TOTAL QUOTED INVESTMENTS 15,096,545 96,541,772 83,649,939 98.58 UNREALISED LOSS OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (12,891,833) FAIR VALUE OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 83,649,939 Customer Service: 03-2332 1000 51

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 9 CASH AND CASH EQUIVALENTS 30.09.2011 31.03.2011 (RM) (RM) Bank balances with licensed banks 1,386,374 2,415,535 The currency exposure profile of cash and cash equivalents is as follows: 30.09.2011 31.03.2011 (RM) (RM) - Australian Dollar 5,303 161,095 - Hong Kong Dollar 13,347 23,737 - Indonesia Rupiah 10,958 - - Indian Rupee 32,803 2,276 - Korean won - 2,034 - Malaysian Ringgit 222,793 1,365,337 - New Zealand Dollar 72 68 - New Taiwan Dollar 33,974 - - Philippine Peso - - - Singapore Dollar (403) - - Thailand Baht - - - US Dollar 1,067,527 860,988 1,386,374 2,415,535 52 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 10 NUMBER OF UNITS IN CIRCULATION AND NET ASSETS ATTRIBUTABLE TO UNITHOLDERS 01.04.2011 to 30.09.2011 31.03.2011 No. of units (RM) No. of units (RM) At beginning of the financial period/year 213,113,204 117,796,591 257,649,194 135,853,356 Creation of units during the financial period/year Arising from new application 22,956,883 12,394,725 48,611,512 25,892,933 Arising from reinvestment 8,756,381 4,737,202 12,741,346 6,024,108 Cancellation of units during the financial period/year (52,317,954) (27,592,465) (105,888,848) (56,171,666) Total comprehensive (loss)/income for the financial period/year - (17,640,389) - 12,314,123 Distribution - (4,796,722) - (6,116,263) At end of the financial year 192,508,514 84,898,942 213,113,204 117,796,591 Approved size of Fund 1,200,000,000 1,200,000,000 In accordance with the Deed, the Manager may increase the size of the Fund from time to time with the approval of the Trustee and the SC. The maximum number of units that can be issued out for circulation is 1,200,000,000. As at 30 September 2011, the number of units not yet issued by the Fund is 1,007,491,486 (31.03.2011: 986,886,796). Customer Service: 03-2332 1000 53

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 11 TRANSACTIONS WITH BROKERS Details of transactions with the top 10 brokers are as follows: Value of trade Percentage of total trades Brokerage fees Percentage of total brokerage fees Name of brokers (RM) (%) (RM) (%) 30.9.2011 JP Morgan Securities (Asia Pacific) 66,483,828 35.45 115,973 31.00 Morgan Stanley & Co Inc 38,135,181 20.33 48,852 13.06 Citigroup Global Markets Inc 13,171,032 7.03 33,866 9.06 UBS Securities Inc 13,025,447 6.93 28,944 7.76 Merrill Lynch, Pierce, Fenner & Smith Inc 11,351,480 6.05 27,467 7.35 Macquarie Equities 10,603,318 5.65 27,272 7.28 CLSA 6,545,865 3.51 13,875 3.72 Deutsche Bank Group 6,356,927 3.41 21,447 5.73 Credit Suisse First Boston Corp 6,310,752 3.37 22,951 6.14 Goldman Sachs & Company 5,603,740 3.00 14,224 3.81 Others 9,956,684 5.27 19,071 5.09 187,544,254 100.00 373,942 100.00 All brokers highlighted above are not related to the Manager. 54 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 12 MANAGEMENT EXPENSE RATIO ( MER ) 01.04.2011 to 30.09.2011 01.04.2010 to 30.09.2010 (%) (%) MER 0.89 0.86 MER is derived from the following calculation: MER = ( A + B + C + D + E ) x 100 A B C = D E F F = Management fee = Trustee s fee Auditors remuneration = Tax agent s fee = Other expenses = Average net asset value of Fund calculated on daily basis The average net asset value of the Fund for the financial period calculated on daily basis is RM105,658,353 (30.09.2010: RM124,450,032 ). Customer Service: 03-2332 1000 55

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 13 PORTFOLIO TURNOVER RATIO ( PTR ) 01.04.2011 to 30.09.2011 01.04.2010 to 30.09.2010 PTR (times) 0.89 0.28 PTR is derived from the following calculation: (Total acquisitions for the financial year + total disposals for the financial year) 2 Average net asset value of the Fund for the financial year calculated on a daily basis where: total acquisition for the financial period = RM86,603,662 (01.04.2010 to 30.09.2010: RM31,827,779 ) total disposal for the financial period = RM100,846,042 (01.04.2010 to 30.09.2010: RM38,989,734 ) 56 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 14 UNITS HELD BY THE MANAGER AND PARTIES RELATED TO THE MANAGER The related party of and its relationship with the Fund are as follows: Related party Prudential Fund Management Berhad Relationship The Manager 30.09.2011 31.03.2011 No. of units (RM) No. of units (RM) Prudential Fund Management Berhad - - 790 435 The above units were transacted at the prevailing market price. The units are held beneficially by the Manager for bookings purpose. Other than the above, there were no units held by Directors or parties related to the Manager. 15 SEGMENT INFORMATION The Fund has only one business activity which is the business of investment management by investing in Permitted Investments as disclosed in Note 1 to the financial statements. The primary segment reporting format is determined to be investment segment as the Fund s risks and interest rates are predominantly affected by the different types of investments. There were no changes in the reportable segments during the financial period. Customer Service: 03-2332 1000 57

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 15 SEGMENT INFORMATION (CONTINUED) The segment information provided to the Investment committee for the reportable segments is as follows: (a) Investment Segment 01.04.2011 to 30.09.2011 Segment results Foreign Quoted investments Local Quoted investments Total (RM) (RM) (RM) Gross dividend income 3,446,770 17,128 3,463,898 Interest income - - - Net realised gain on sale of investments 4,297,062 116,430 4,413,492 Net foreign exchange (loss)/gain 2,410,606-2,410,606 Net unrealised loss on changes in financial assets at fair value through profit or loss (26,496,038) (283,521) (26,779,559) Total segment income (16,341,600) (149,963) (16,491,563) 30.09.2011 Segment assets Financial assets at fair value through profit or loss 81,974,045 1,675,894 83,649,939 Amount due by stockbrokers 228,870-228,870 Dividends receivable 570,175 4,512 574,687 Total segment assets 82,773,090 1,680,406 84,453,496 Segment liabilities Amount due to stockbrokers 809,843 276,635 1,086,478 Total segment liabilities 809,843 276,635 1,086,478 58 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 15 SEGMENT INFORMATION (CONTINUED) The segment information provided to the Investment committee for the reportable segments is as follows: (a) Investment Segment (continued) 01.04.2010 to 30.09.2010 Segment results Foreign Quoted investments Local Quoted investments Total (RM) (RM) (RM) Gross dividend income 3,838,189 43,526 3,881,715 Interest income - 569 569 Net realised gain on sale of investments 3,899,788-3,899,788 Net foreign exchange (loss)/gain (92,900) - (92,900) Net unrealised loss on changes in financial assets at fair value through profit or loss (3,866,181) - (3,866,181) Total segment income 3,778,896 44,095 3,822,991 31.03.2011 Segment assets Financial assets at fair value through profit or loss 113,526,066 1,749,566 115,275,632 Amount due by stockbrokers 756,275-756,275 Dividends receivable 652,944-652,944 Total segment assets 114,935,285 1,749,566 116,684,851 Segment liabilities Amount due to stockbrokers 1,463,175-1,463,175 Total segment liabilities 1,463,175-1,463,175 The fund s management fee, trustee s fees and other expenses are not considered to be segment expenses. Customer Service: 03-2332 1000 59

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 15 SEGMENT INFORMATION (CONTINUED) (a) Investment Segment (continued) A reconciliation of total segmental income/(loss) to the total comprehensive income/ (loss) is provided as follows: 01.04.2011 to 30.09.2011 (RM) 01.04.2010 to 30.09.2010 (RM) Total net segment (loss)/income (16,491,563) 7,689,172 Other fees and expenses (941,573) (1,070,591) Net (loss)/profit before taxation (17,433,136) 6,618,581 Taxation (207,253) (412,256) Net (loss)/profit after taxation and total comprehensive (loss)/income (17,640,389) 6,206,325 60 Customer Service: 03-2332 1000

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS 15 SEGMENT INFORMATION (CONTINUED) (a) Investment Segment (continued) Reportable operating segment s assets and liabilities are reconciled to total assets and total liabilities as follows: 30.09.2011 31.03.2011 (RM) (RM) Total segment assets 84,453,496 116,684,851 Bank balance with a licensed bank 1,386,374 2,415,535 Amount due by Manager 59,686 179,798 Tax recoverable 346,257 346,257 Total assets 86,245,813 119,626,441 Total segment liabilities 1,086,478 1,463,175 Amount due to Manager 98,136 315,826 Accrued management fee 108,625 - Amount due to trustee 5,069 6,749 Other payables and accrued expenses 48,563 44,100 Total liabilities 1,346,871 1,829,850 The Fund s other receivables and other payables and accrued expenses are not considered to be segment assets and segment liabilities respectively and are managed by the administration function. Customer Service: 03-2332 1000 61

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CORPORATE DIRECTORY THE MANAGER NAME PRUDENTIAL FUND MANAGEMENT BERHAD COMPANY NO. 531241 U REGISTERED OFFICE 18th Floor, Wisma Sime Darby Jalan Raja Laut 50350 Kuala Lumpur HEAD OFFICE Level 12, Menara Prudential 10, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03-2052 3388 FAX NO. 03 2070 6129 EMAIL pfmbservice@prudential.com.my WEBSITE www.prudentialfunds.com.my THE MANAGER S DELEGATE - FUND VALUER NAME DEUTSCHE BANK (MALAYSIA) BERHAD COMPANY NO. 312552-W REGISTERED OFFICE Level 18, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur HEAD OFFICE Level 18-20, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03-2053 6788 FAX NO. 03-2031 8710 THE MANAGER S DELEGATE REGISTRAR AND TRANSFER AGENT NAME DEUTSCHE TRUSTEES MALAYSIA BERHAD Customer Service: 03-2332 1000 63

COMPANY NO. 763590-H REGISTERED/BUSINESS OFFICE Level 20, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03-2053 7522 FAX NO. 03-2053 7526 THE TRUSTEE S DELEGATE - CUSTODIAN NAME DEUTSCHE BANK (MALAYSIA) BERHAD COMPANY NO. 312552-W REGISTERED OFFICE Level 18 Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur THE TRUSTEE NAME DEUTSCHE TRUSTEES MALAYSIA BERHAD HEAD OFFICE Level 18-20, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur COMPANY NO. 763590-H TELEPHONE NO. 03-2053 6788 REGISTERED/BUSINESS OFFICE Level 20, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03-2053 7522 FAX NO. 03-2053 7526 FAX NO. 03-2031 8710 BOARD OF DIRECTORS Dato Tharmaratnam a/l Kanagaratnam (independent) Ho Yik (independent) Tan Sri Datuk Abdul Rahim bin Haji Din (non-independent) Julian Christopher Vivian Pull (non-independent) Cheah Lee Ling (non-independent) 64 Customer Service: 03-2332 1000

INVESTMENT COMMITTEE Ho Yik (independent) Robert Yap Yen Choon (independent) Abdul Khalil bin Abdul Hamid (independent, for Shariah-compliant Funds only) Tan Sri Datuk Abdul Rahim bin Haji Din (non-independent) Cheah Lee Ling (non-independent) AUDIT & COMPLIANCE COMMITTEE Dato Tharmaratnam a/l Kanagaratnam Ho Yik Lakshman Kumar Andrew Brian Sims FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FiMM) ADDRESS 19-07-3, 7th Floor PNB Damansara 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur TELEPHONE NO. 03-2093 2600 AUDITORS & REPORTING ACCOUNTANT FOR THE FUND NAME PRICEWATERHOUSECOOPERS COMPANY SECRETARIES NAMES JENNIFER CHEONG NGEI FAAN (BC/C/049) CHEONG CHOOI KEAT (MAICSA 7036394) ADDRESS Level 10, 1 Sentral Jalan Travers Kuala Lumpur Sentral PO Box 10192 50706 Kuala Lumpur ADDRESS RDL Corporate Services Sdn Bhd 18th Floor, Wisma Sime Darby Jalan Raja Laut 50350 Kuala Lumpur TELEPHONE NO. 03 2694 9999 TELEPHONE NO. 03-2173 1188 TAXATION ADVISER FOR THE FUNDS NAME PRICEWATERHOUSECOOPERS TAXATION SERVICES SDN BHD Customer Service: 03-2332 1000 65

ADDRESS Level 10, 1 Sentral Jalan Travers, Kuala Lumpur Sentral PO Box 10192 50706 Kuala Lumpur TELEPHONE NO. 03-2173 1188 SOLICITORS NAME SOON GAN DION & PARTNERS ADDRESS 1ST Floor, No. 73 Jalan SS 21/1A Damansara Utama 47400 Petaling Jaya Selangor TELEPHONE NO. 03-7726 3168 PRINCIPAL BANKERS NAME DEUTSCHE BANK (MALAYSIA) BERHAD ADDRESS Level 18, Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur NAME MALAYAN BANKING BERHAD ADDRESS 100, Jalan Tun Perak 50050 Kuala Lumpur TELEPHONE NO. 03 2070 8833 NAME STANDARD CHARTERED BANK MALAYSIA BERHAD ADDRESS 16th Floor, Menara Standard Chartered No. 30 Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03 2117 7800 NAME HSBC BANK MALAYSIA BERHAD ADDRESS No. 2, Leboh Ampang 50100 Kuala Lumpur TELEPHONE NO. 03 2070 0744 TELEPHONE NO. 03-2053 6788 66 Customer Service: 03-2332 1000

SALE & PURCHASE OF UNITS NAME PRUDENTIAL FUND MANAGEMENT BERHAD ADDRESS Level 12, Menara Prudential No. 10, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 03-2052 3388 BRANCH Unit B-1-28 & B-1-27 Block Bougainvillea 10 Boulevard, Jalan Cempaka Kg Sg Kayu Ara Lebuhraya Sprint, PJU 6A 47400 Petaling Jaya Selangor BRANCH Suite E3, 9th Floor CPS Tower, Centre Point Sabah No. 1, Jalan Centre Point 88000 Kota Kinabalu, Sabah TELEPHONE NO. 088 238 613 ENQUIRIES CUSTOMER SERVICE TELEPHONE NO. 03-2332 1000 TELEPHONE NO. 03 7839 5288 Customer Service: 03-2332 1000 67

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Prudential Fund Management Berhad (531241-U) Level 12, Menara Prudential, 10 Jalan Sultan Ismail, 50250 Kuala Lumpur. General Line: 603-2052 3388 General Fax Line: 603-2070 6129 Customer Service Line: 603-2332 1000 Customer Service Fax Line: 603-2026 5577 Email: pfmbservice@prudential.com.my Website: www.prudentialfunds.com.my