Notice of Change of Trustee

December 15, 2010

The Management Company of the NAFA Income Fund (NIF) & NAFA Islamic Aggressive Income Fund (NIAIF) (Formerly: NAFA Islamic Income Fund) is going to change the Trustee of NIF & NIAIF from Central Depository Company of Pakistan Limited to MCB Financial Services Limited with effect from December 21st, 2011, Kindly also note that all cheques for investment in NIF & NIAIF from December 21st, 2011 onwards shall be made in the name of MCBFSL Trustee – NAFA Income Fund and MCBFSL Trustee – NAFA Islamic Aggressive Income Fund respectively.