Distribution For the Financial Year ending 31 December 2008

Public Mutual will be declaring distributions its funds for the financial year ending 31 December 2008.

Distributions will be applicable to unit holders of Public Savings Fund (PSF), Public Focus Select Fund (PFSF), and Public Islamic Enhanced Bond Fund (PIEBF) respectively, who remains in the Register as at 31 December 2008.

The rate of distributions will be as below:

PSF 7.50 sen

PFSF 1.25 sen

PIEBF 1.75 sen

The continuous declaration of distributions of Public Mutual funds during this tough times is a sign of its strength in the unit trust industry.

Public Growth Fund (PGF): September 2008 Review

Public Growth Fund

Fund objective:
To achieve long-term capital appreciation with income considered incidental.

Investor's Risk Profile:
Moderate

Lipper Leaders Rating:
4 for Consistent Return
3 for Preservation
4 for Total Return

Morningstar Rating: 4 STAR
Morningstar Category: Malaysia Equity

Financial Year End: 31 July

Approved Fund Size: 4.5 billion units

Current Fund Size:
NAV: RM 557.13 million
Units: 1,345.33 million

Public Growth Fund (PGF) posted a -14.39% compared to the benchmark KLCI's -18.34% in the 6 months ending 30 September 2008. Since launched on 11th December 1984, PGF has consistently outperformed the benchmark KLCI.

The Top 5 Sectors where the PGF is invested is in:

1) Financial (34.55%)
2) Utilities (16.50%)
3) Diversified (10.41%)
4) Industrial (8.74%)
5) Consumer, Non-Cyclical (3.37%)

Top 5 Holdings

1) Public Bank (10.25% of NAV)
2) Tenaga Nasional Berhad (7.28%)
3) Boustead Holdings Berhad (5.05%)
4) Sarawak Energy Berhad (4.92%)
5) Datang International Power Generation Company Limited - H Shares (4.29%)

Asset Allocation by Country for Equities & Derivatives

1) Malaysia (79.83%)
2) China (13.25%)
3) Singapore (2.79%)
4) Taiwan (1.64%)
5) USA (1.11%)
6) Japan (0.99%)
7) Korea (0.39%)

Public Savings Fund: 3rd Quarter 08 Review

Public Savings Fund

Fund objective:
To achieve long-term capital appreciation while at the same time producing a reasonable level of income.

Investor's Risk Profile:
Moderate

Lipper Leaders Rating:
4 for Consistent Return
5 for Preservation
5 for Total Return

Morningstar Rating: 4 STAR
Morningstar Category: Malaysia Equity

Financial Year End: 31 December

Approved Fund Size: 1.5 billion units

Current Fund Size:
NAV: RM 409.14 million
Units: 656.29 million

Public Savings Fund (PSF) posted a -9.43% compared to the benchmark KLCI's -18.34% in the 6 months ending 30 September 2008. Since launched on 29th March 1981, PSF has always outperformed the benchmark KLCI.

The Top 5 Sectors where the PSF is invested is in:

1) Financial (31.18%)
2) Utilities (9.29%)
3) Communications (6.96%)
4) Industrial (6.53%)
5) Consumer, Cyclical (6.48%)

Top 5 Holdings

1) Public Bank (10.42% of NAV)
2) Bumiputra Commerce Holdings Berhad- 28/11/2008 (6.07%)
3) Tenaga Nasional Berhad (5.11%)
4) Malakoff Corporation Berhad- 30/10/2008 (4.87%)
5) Digi.Com Berhad (4.09%)

Asset Allocation by Country for Equities & Derivatives

1) Malaysia (95.24%)
2) China (4.04%)
3) Singapore (0.72%)

The Role of Trustee in Unit Trust

Trustee conduct supervisory in purchase and disposal of units, receive information throughout process, monitors and controls process, ensure procedures and processes used in UTMC are adequate and according to deeds and regulatory requirements. Or simply put it in points as below:

- Safeguard unit trust scheme’s assets

- Ensures funds are invested in accordance with deed and objectives

- Supervises the operations

- Approves and monitors all financial transactions

- Collect all incomes