News & Announcements

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, April 29 2013 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending April 26th 2013. AKDCF

AKD Investment Management Limited announces 9th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, April 1st, 2013 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending March 29, 2013. AKDCF

AKD Investment Management Limited announces 8th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

This is to inform you that the Board of Directors of Golden Arrow Selected Stocks Fund Limited in their meeting held on February 21 2013 at 12:30 p.m at their registered office 216-217, Continental Trade Centre Block-8 Clifton Karachi has approved the condensed interim financial results for the half year and quarter ended December 31 2012 and recommended the following:GASSF

We are pleased to inform you that the Board of Directors of AKD lnvestment Management Limited the Management Company of AKDOF, AKDAIF,AKDCF and AKDITF in their meeting held on February 22,2013,at 4:30 pm at the registered ofiice 216-217 ContinentalTrade Centre Clifton Karachi has approved the following AKDAIF, AKDCF, AKDOF, AKDITF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, February 25th 2013 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending February 22nd 2013. AKDCF

The extraordinary general meeting of the shareholder of Golden Arrow Seclected Stocks Fund Limited which was held on 31 January, 2013 to consider the resolution 65 of NBFC & NE Regulations, 2008. Results are follows GASSF

AKD Investment Management Limited announces 7th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, January 28th 2013 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending January 24th 2013. AKDCF

Notice is hereby given that pursuant to regulation 65 of the NBFC& Notified Entities, 2008 (NBFC Regulations). For details, GASSF(E) , GASSF(U)

AKD Investment Management Limited, following the launch of AKD Cash Fund (AKDCF) (a money market fund) on January 19, 2012, and in its pursuance to providing distinguished services to the unit holders had reduced Management Fee on the AKDCF from 1.25% to 0% from Launch of Fund till December 31, 2012. AKD Investment Management Limited has further decided to continue charging no Management Fee on AKDCF till March 31, 2013. Thereafter management fee as per offering document i-e 1.25% shall be applied.

AKD Investment Management Limited announces 6th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, December 31 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending December 28, 2012. AKDCF

AKD Investment Management Limited announces 5th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, December 3rd 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending November 30th 2012. AKDCF

The Board of Directors of AKD Investment Management Limited, the Management Company of AKDOF, AKDCF, AKDITF and AKDAIF in their meeting held on October 31, 2012 at 04:00 PM at their registered office, 216-217 - Continental Trade Center has approved the following. AKDAIF , AKDOF , AKDITF , AKDCF

AKD Investment Management Limited announces 4th interim dividend for AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Board of Directors of Golden Arrow Selected Stocks Fund Limited in their meeting held on October 23, 2012 at 05:45 PM held at 216-217, Continental Trade Center the registered Office, has approved the following, GASSF

The Board of Director of AKD Investment Management Limited, the management company of the AKDCF, AKDAIF, AKDOF and AKDITF,in their meeting held on October 23, 2012 at 11:00 AM held at 216-217, Continental Trade Center the registered Office, has approved the following, AKDCF, AKDOF, AKDAIF, AKDITF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Tuesday, October 30th 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending October 25th 2012. During the period the register of the Unit Holders will closed, there will be no transactions in the units of the Funds. The Transaction in the units will re-commence from Wednesday, October 31st 2012. Unit Holders are requested to notify any change in address and other particulars at the address mentioned give above.

AKD Investment Management Limited, following the launch of AKD Cash Fund (AKDCF) (a money market fund) on January 19, 2012, and in its pursuance to providing distinguished services to the unit holders had reduced Management Fee on the AKDCF from 1.25% to 0% from Launch of Fund till September 30, 2012. AKD Investment Management Limited has further decided to continue charging no Management Fee on AKDCF till December 31, 2012. Thereafter management fee as per offering document i-e 1.25% shall be applied.

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, October 1st, 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending August 31st 2012. AKDCF

AKD Investment Management Limited announces 2nd interim dividend of AKD Cash Fund for Financial Year 2012-2013,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, September 3rd 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending August 31st 2012. AKDCF

The Board Of Director Golden Arrow Selected Stock Fund Limited in their meeting held on August 15, 2012 at 11:30 Am, at their registered office 216, Continental Trade Center Block-8 has recommended the following. GASSF

AKD Investment Management Limited, following the launch of AKD Cash Fund (AKDCF) (a money market fund) on January 19, 2012, and in its pursuance to providing distinguished services to the unit holders had reduced Management Fee on the AKDCF from 1.25% to 0% from Launch of Fund till June 30, 2012. AKD Investment Management Limited has further decided to continuing charging no Management Fee on AKDCF till September 30, 2012. Thereafter management fee as per offering document i-e 1.25% shall be applied.

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, July 30th 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending July 27th 2012. AKDCF

This is to inform all new and existing investors / Unit Holders that cut-off timing during the Holy month of Ramazan for receiving applications regarding Purchase / Conversion / Redemption / Service Request / Pledge of Units for the open ended funds namely (AKD Opportunity Fund (AKDOF), AKD Index Tracker Fund (AKDITF), AKD Aggressive Income Fund (AKDAIF) and AKD Cash Fund (AKDCF) managed by AKD Investment Management Limited will be from 9:00am – 2:00pm (Monday – Friday), after the Holy month of Ramazan we will revert back to our normal timings which are from 9:00 am – 5:00 pm (Monday – Friday).

We are pleased to inform you that Board of Directors of AKD Investment Management Limited, the management company of the AKDITF, AKDAIF, AKDOF and AKDCF in their meeting held on Monday, July 9, 2012 at 4:00 p.m. at the registered office 216-217, Continental Trade Center, Block-8, Clifton, Karachi has approved the following, AKDIML

Disclosure of conversion or cancellation or winding up of closed end fund as per NBFC regulation. For more details, Notice GASSF

This is to inform all Unit Holders that the meeting of Board of Directors of AKD Investment Management Limited, the management company of following open end Funds will be held on Monday, July 9, 2012 at 4:00 p.m. at the registered office 216-217, Continental Trade Center, Block-8, Clifton, Karachi. Notice

This is to inform all share/certificate holders that we have appointed M/s. Noble Computer Services (Pvt.) Limited w.e.f 01 July 2012 in place of M/s Gangjees Registrar Services (Pvt.) Limited as Share Registrar for Golden Arrow Selected Stocks Fund Limited (GASF). The Shares Department of M/s. Noble Computer Services (Pvt.) Limited is situated at: Noble Computer Services (Pvt.) Limited First Floor, House of Habib Building (Siddiqsons Tower), 3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal, Karachi. Tel. # : (92-21) 34325482 - 87 Fax # : (92-21) 34325442 E-mail: ncsl@noble-computers.com Website: www.noble-computers.com Notice to unit holders of AKD Aggressive Income Fund, AKD Index Tracker Fund, AKD Opportunity Fund and AKD Cash Fund: This is to inform all unit holders of following open-ended fund that the AKD Investment Management Limited hereby decided to bring in-house registrar services in place of M/s Gangjees Registrar Services (Pvt) Ltd.; AKD Opportunity Fund AKD Index Tracker Fund AKD Aggressive Income Fund AKD Cash Fund The Registrar Services of M/s. AKD Investment Management Limited is situated at: AKD Investment Management Limited 216, Second Floor, Continental Trade Centre, Block 8, Clifton, Karachi, Pakistan UAN # : 111-253-465 Fax # : (92-21)35303125 Website: www.akdinvestment.com

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, May 28th , 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending May 25, 2012. AKDCF

The Board of Directors of AKD Investment Management Limited the Management Company of AKDOF, AKDITF ,AKDAIF and AKDCF in their meeting held on 30 April, 2012 at 03:00 PM at their registered office, 216-217 - Continental Trade Center has approved the following distribution for third Quarter ended March 31, 2011.AKDAIF, AKDOF, AKDITF, AKDCF

The Board of Directors of Golden Arrow Selected Stock Fund Limited in their meeting held on 28, April 2012 at 12:00 PM at their registered office, 216 - Continental Trade Center has recommended the following,GASSF

AKD Investment Management Limited has recently launched AKD Cash Fund (a money market Fund) on January 19, 2012. In continuation to provide distinguished services to our unit holders, AKD Investment Management Limited has decided to temporary reduce its management Fee on the AKD Cash Fund from 1.25% to 0%, from January 20, 2012 till June 30, 2012 (both days inclusive). There after Management fee as per offering document i-e. 1.25% shall be applied. Application forms can be downloaded from our website: www.akdinvestment.com or you can contact us at 111-253-465.

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, April 30 th , 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending April 27, 2012. AKDCF

AKD Investment Management Limited announces second interim dividend of AKD Cash Fund for Financial Year 2011-2012,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday April 2nd, 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending March 30, 2012. AKDCF

The Board of Directors of AKD Investment Management Limited the Management Company of AKDOF, AKDITF and AKDAIF in their meeting held on February 29, 2012 at 04:00 PM at their registered office, 216-217 - Continental Trade Center has approved the following distribution for the half year and Quarter ended December 31, 2011.AKDAIF, AKDOF, AKDITF

The Board of Directors of Golden Arrow Selected Stock Fund Limited in their meeting held on 28, February 2012 at 04:00 PM at their registered office, 216 - Continental Trade Center has recommended the following,GASSF

AKD Investment Management Limited announces first interim dividend of AKD Cash Fund for Financial Year 2011-2012,AKDCF

The Unit Holders of the AKD Cash Fund (AKDCF) are hereby informed that the register of Unit Holders of the AKDCF will remain closed on Monday, February 27th, 2012 for determining the entitlement of interim distribution, if any; that may be declared by AKD Investment Management Limited (AKDIML), the management company of AKDCF for the period ending February 24, 2012, AKDCF

INFORMATION TO SHAREHOLDERS OF GOLDEN ARROW SELECTED STOCKS FUND LIMITED GASF ,

AKD Investment Management Limited is pleased to announce the launch of the AKD Cash Fund. Initial Offering Period: January 19, 2012 to January 20, 2012 (both days inclusive). The objective of AKD Cash Fund (AKDCF) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high quality short term securities/instruments, which will provide liquidity. The IPO AKD Cash Fund is suited for conservative investors with little tolerance for price volatility while ensuring liquidity, along with a regular return in line with on-going interest rates. The fund shall invest primarily in shorter duration government securities / instruments and money market securities / instruments having ratings of AA and above. There is no direct or indirect exposure to shares, term finance certificates and long-term debt instruments. The investors are advised in their own interest to carefully read the contents of Offering Document in particular the Investment Policies mentioned in clause 2.2, Risk Factors mentioned in clause 2.10, Taxation in clause 7 and Warnings in clause 11 before making any investment decision. Offering Document , Trust Deed

The Board of Directors of Golden Arrow Selected Stock Fund Limited in their meeting held on 24, October 2011 at 04:00 PM at their registered office, 216 - Continental Trade Center has recommended the following, GASSF

The Board of Directors of AKD Investment Management Limited the Management Company of AKDOF, AKDITF and AKDIF in their meeting held on October 24, 2011 at 11:00 AM at their registered office, 216-217 - Continental Trade Center has approved the following distribution for the year ended June 30, 2011. AKDIF , AKDOF , AKDITF

The Board of Directors of Golden Arrow Selected Stock Fund Limited in their meeting held on 09, August 2011 at 2:00 PM at their registered office, 216 - Continental Trade Center has recommended the following, GASSF

The Board of Directors of AKD Investment Management Limited the Management Company of AKDOF, AKDITF and AKDIF in their meeting held on July 8, 2011 at 04:00 PM at their registered office, 216-217 - Continental Trade Center has approved the following distribution for the year ended June 30, 2011. AKDIF , AKDOF , AKDITF