IPO-ICB AMCL THIRD NRB MUTUAL FUND

Total Issue

10,00,00,000 units of Tk. 10.00 each at par for Tk. 100.00 crore

Sponsor's Contribution

1,00,00,000 units of Tk. 10.00 each at par for Tk. 10.00 crore

Pre-IPO Placement

1,00,00,000 units of Tk. 10.00 each at par for Tk. 10.00 crore

Reserved for Mutual Funds

80,00,000 units of Tk. 10.00 each at par for Tk. 8.00 crore

Non-Resident Bangladeshis

4,00,00,000 units of Tk. 10.00 each at par for Tk. 40.00 crore

Resident Bangladeshis

3,20,00,000 units of Tk. 10.00 each at par for Tk. 32.00 crore

Asset Manager

ICB Asset Management Company Limited

(A Subsidiary of ICB, registered as a public limited company under the −L¡Çf¡e£ BCe, 1994)

Sponsor

ICB Capital Management Limited (A subsidiary of ICB)

Trustee

Investment Corporation of Bangladesh

Custodian

Investment Corporation of Bangladesh

Subscription opens: March 28, 2010

Subscription closes: April 01, 2010

For Non-Resident Bangladeshis subscription closes on April 10, 2010

Dividend Policy

(01) The accounting year of the Fund shall be July 01 to June 30.

(02) The Fund shall distribute minimum 70% or as may be determined by the Rules from

time to time, of the annual net income of the Fund as dividend at the end of each

accounting period after making provision for Bad and Doubtful Investments. The Fund

shall create a Dividend Equalization Reserve by appropriation from the income of the

Fund.

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(03) All the Unit holders have equal but proportionate right in respect of dividend. Dividend

will be paid in Bangladeshi Taka.

(04) Before declaration of dividend, the Asset Management Company shall make a provision

in consultation with the auditors if market value of investments goes below the

acquisition cost and the method of calculation of this provision will be incorporated in

the notes of accounts.

(05) Surpluses arising simply from the valuation of investments shall not be available for

dividend.

(06) Dividend warrants will be dispatched within 45 days from the declaration of such

dividends.

(07) Before record of ownership by the CDBL, a transferee shall not possess the right to any

dividend declared by the Fund.

(08) The Asset Management Company may open separate Bank Account for each dividend

distribution out of the Fund. Notwithstanding any thing in the Trust Deed the beneficial

ownership of the balances in the Accounts shall vest in the Unit Holders.