Reduction in Management Fee of NAFA Money Market Fund (NMMF)

August 13, 2012

We are pleased inform you that NAFA has reduced the Management Fee charged on NAFA Money Market Fund (NMMF) from 1.25% p.a. to 1.0% p.a. (reduction of 0.25%) on average net assets of the Fund. The revised management fee of 1.0% p.a. is effective from 16th August 2012.