November 2, 2023

To
Ghulam Mohammad / Ayesha Mohammad
Owner and CFO
GML Group

SUBJECT: ULPF Investment Proposal

Dear Sir

I would like to thank you for taking out time from your schedule to have a detailed discussion regarding the investment
avenues and options available for your investments.

UBL Fund Managers Limited is a wholly owned subsidiary of United Bank Limited. Rated AM1 by JCR-VIS (High Management
Quality), we are currently managing assets of over PKR 182.56 billion+ (as on September 30, 2023). Commencing operations
since 2001. At present we are serving more than 40,000 active individual and corporate clients all over Pakistan topped up
with superior value added services. Our Corporate client base includes most of Pakistan’s leading national and multinational
companies, trusts, foundations, retirement funds (provident /gratuity and pension), as well as some large NGO’s and NPO’s

UBL Fund Managers understands the investment needs of clients, and based on that understanding, we would suggest UBL
Liquidity Plus Fund for your investments.

UBL Liquidity Plus Fund (ULPF):

The above mentioned fund investing in diversified portfolio of low risk assets. The Fund seeks to provide attractive daily
returns while maintaining comparatively high liquidity. It is available for redemption on a daily basis and provides attractive
returns in comparison to savings account or daily product account offered by banks. Details of returns and performance
can be found in the fund manager report. UBL Liquidity Plus Fund pays out a dividend every 15 days.

Below is returns comparison of UBL Liquidity Plus Fund

Tenor Returns* Benchmark**
Sept-2023 21.32% 22.15%
Aug-2023 20.32% 21.89%
Jul-2023 21.00% 21.74%

* Gross Returns are annualized from FMR

** Benchmark: 70% Average of 3M PKRV rates + 30% 3M average deposit rate of three 3 AA rated scheduled Banks as selected by MUFAP
Risk Profile – Low | Risk of Principal Erosion – Low Risk

We are expecting that, ULPF return would be around 19.25% for 6 months and 17.50% for 1 year. Please note that we are
anticipating a 4% rate cut in the next 6 months and a 6% rate cut in the next 12 months. These anticipated rate cuts have
already been factored into the above expected returns.
We look forward to managing your investments; if you have any queries regarding the above, please do not hesitate to
contact me.

Regards
Muhammad Junaid Shamim
Regional Business Head
UBL Fund Managers

Disclaimer: This publication is for informational purpose only and nothing herein should be construed as a solicitation, recommendation or an offer to buy
or sell any fund. All investments in mutual funds are subject to market risks. The NAV based prices of units and any dividends/returns thereon are
dependent on forces and factors affecting the capital markets. These may go up or down based on market conditions. Past performance is not necessarily
indicative of future results. Please read the consolidated offering document to understand the investment policies and the risk involved.

Use of name and logo of UBL/ UBL AL Ameen as given above does not mean that they are responsible for the liabilities/ obligations of Al Ameen Funds
(UBL Fund Managers) or any investment scheme managed by them