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>>   Announcement About the Amendment and Closure of Some Funds

Dear Valued Client,

We are pleased to inform you that the Capital Market Authority (CMA) has approved all mutual funds managed by Saudi Hollandi Capital along with the amendments (as per CMA regulations) made to the Terms & Conditions of those funds. The modified Terms & Conditions will take effect as from 01 July, 2009.

A detailed summary of the amendments will be available on our website (under Asset Management Link). Therefore, we kindly request you to read and study those changes. The following are the most important amendments:

1) The funds unit prices valuations and announcement will be changed from weekly to daily basis. This improvement will certainly provide more room for you to seize the best investment opportunities available as you will be able to track the daily performance of the Fund.

2) The daily evaluation of the unit price will provide you with superior and faster cash liquidity and thus benefiting from such liquidity to meet your financial needs from time to time.

3) Administration charges, expenses and fees for our funds will be amended (as detailed in the Terms & Conditions for each fund).

For more information you may also contact our Call Center on toll-free number 800-124-2442,

To express your consent to the amendments is Terms & Conditions we kindly ask you to sign either a printed copy obtained from our website or request and sign the one received from our colleagues in your nearest branch during your next visit.

We would like to thank you for your trust in Saudi Hollandi Capital and for choosing us to manage your investments, assuring our continued interest to provide you with quality products and services that meet your requirements and appreciate your invested capital.

With our sincere thanks and appreciation.