PT Panin Sekuri tas , Tbk.

1 June 2012

Net Asset Value:

7,350 Bio NAV/Unit :

2,946.5871

Profil DF PANS Bandung

Strategy Trading

Margin Max 30% Yes

Management Fee 3% p.a.

Risk Very High

Report Bi Weekly

Redemption February

July

Administration PT Panin

Sekuritas,

Tbk.

Bandung

D ISCRETIONARY FUND

PANS BANDUNG

Fund Manager

Dr. Adrian Teja

Sunda No. 2A Bandung

Phone: 022-7321434

Fax: 022-7321435

The performance data shown represent past performance, which is not a guarantee of future results. Investment

returns and principal value will fluctuate, when sold, may be worth more or less than their original cost. Current

performance may be lower or higher than the performance data cited.

DF PANS PROFILEDF PANS PROFILEDF PANS PROFILEDF PANS PROFILE

DF PANSDF PANSDF PANSDF PANS

ReturnReturnReturnReturn

IDXIDXIDXIDX

ReturnReturnReturnReturn

6 Month6 Month6 Month6 Month -3.47% 3.17%

1 Month1 Month1 Month1 Month -9.92% -8.32%

3 Month3 Month3 Month3 Month -4.39% -3.82%

Sharpe Ratio Sharpe Ratio Sharpe Ratio Sharpe Ratio

DF PANSDF PANSDF PANSDF PANS

-1.54

-1.10

-1.50

Sharpe Ratio Sharpe Ratio Sharpe Ratio Sharpe Ratio

IDXIDXIDXIDX

-1.83

-1.42

-0.02

DF PANSDF PANSDF PANSDF PANS

BetaBetaBetaBeta

1.36

1.26

0.56

Correlation Correlation Correlation Correlation DF PANS DF PANS DF PANS DF PANS

With IDXWith IDXWith IDXWith IDX

0.97

0.88

0.66

Since Since Since Since

Inception Inception Inception Inception

Feb 2008Feb 2008Feb 2008Feb 2008

Until NowUntil NowUntil NowUntil Now

194.66% 47.87%

2010 2010 2010 2010 40.81% 46.13% 2.83 3.79 0.98 0.89

2009200920092009 153.90% 86.98% 2.83 4.59 2.86 0.96

2008200820082008 -10.20% -47.71% -1.25 -2.74 0.38 0.52

2012 YTD2012 YTD2012 YTD2012 YTD -4.09% 0.28% -1.60 -0.72 0.73 0.66

2011 2011 2011 2011 -4.35% 3.20 -0.64 -0.01 0.89 0.56

400.00

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Discretionary PANS Bandung IHSG

APLN 22.11%

BNGA 3.64%

BNLI 38.91%

INCO 10.20%

INTP 24.22%

MEDC 14.42%

VRNA 3.26%

Cash -16.75%

DF Stock As Of 31 Mei 2012

Composi tion - Bandung