YOUR INVESTMENT PARTNER

YOUR INVESTMENT PARTNER

A wholly owned subsidiary of

www.primusinvestments.comwww.primusinvestments.comwww.primusinvestments.com

RETURN | RISK | TIME HORIZON | CONSTRAINTS l ABILITY TO EXIT

These are the five concerns that matter to the investors the most!

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AFFILIATION

50%

Government of

Pakistan 100%

Brunei Investment Agency (BIA)


Pak Brunei Investment Company (PBIC)

PIBC is a full service Merchant Banking outfit established in 2007 as a joint venture between Government of Pakistan and Brunei Investment AgencyThe remaining 50% is owned by the Government of Pakistan and represented by the Ministry of Finance.

The company has established active platforms for Project Finance, Corporate Finance & Advisory, Capital Market Operations, and Fixed Income Trading & Distribution activities

Brunei Investment Agency (BIA)

Brunei Investment Agency (BIA) is the sovereign wealth fund of Brunei Darussalam.

BIA was established in 1983 and a senior representative of BIA is part of the Board of Primus Investments

BIA is a Public Sector Entity. It holds and manages the Government of Brunei's General Reserve Fund and their external assets that are built up from export of oil and natural gas

OWNERSHIP STRUCTURE


Mr. Mirza, Chairman of Primus Investment Management, brings with him over 41 years of experience in Investment Banking serving at various key positions in Investment Corporation of Pakistan (ICP), Credit & Finance Corporation London; International Finance Corporation (IFC) (Member, World Bank Group). Beside this, he has also served as Chairman - Securities & Exchange Commission of Pakistan (SECP); The World Bank - Washington DC, USA; Chairman and Chief Executive - Monopoly Control Authority, GoP; Chairman and Chief Executive Competition Commission of Pakistan and Member Competition Appellate Tribunal. Mr. Mirza has been chosen as Nominee director of Medgulf Insurance as well as SILK Bank on behalf of IFC. He has also been appointed as a financial advisor of WAPDA by the Government of Pakistan. Currently, he is teaching corporate governance at Lahore University of Management Sciences (LUMS) Pakistan.

Mr. Khalid Aziz MirzaCHAIRMAN

Ms. Aziz currently serves as the Managing Director of Pak Brunei Investment Company. She brings over 20 years of experience in Structured Finance, Private Equity & Strategic Advisory businesses. Ms. Aziz started her career from ANZ Grindlays Bank & worked in Merchant Banking & Treasury Markets Divisions. She was also involved in establishing & managing business operations & subsidiaries of Pak Oman Investment Company in senior roles.

Ms. Ayesha Aziz, CFADIRECTOR

BOARD OF DIRECTORS


Mr. Mokhzani Izhar Bin Haji Abu Bakar has been serving Brunei Investment Agency in pivotal fund management roles since 2002. Mr. Mokhazni is a BA (Hons) in Accounting and Financial Management from the University of Sheffield, United Kingdom. His experience covers several domicile whereas he is currently serving BIA in capacity of Senior Manager, Listed Equity Strategy.

Mr. Mokhzani Izhar Bin Haji Abu BakarDIRECTOR

Mr. Zafar Iqbal Sobani has been associated with House of Habib since August 2013 as Managing Director (designate), at Habib Metro Pakistan (Pvt) Limited and Makro Habib Pakistan Ltd. He is currently working as Director New Business Development. He has also served in the capacity of Chief Executive of Hub Power Company for approx two years from July 2011 and also as a Chief Executive of Liberty Power Tech, IPP from August 2008 to June 2011. Mr. Sobani has completed his audit training from A.F. Ferguson and also worked in Middle East with Ernst and Young Saudi Arabia between February 1982 to September 1985. He is currently the director on the board of Institute of Capital Market and was also nominated as Board member of the Privatization Commission, Government of Pakistan in December 2013.

Mr. Zafar Iqbal SobaniDIRECTOR

BOARD OF DIRECTORS


Mr. Ahmed Ateeq is the Founder Chief Executive Officer at Primus Investment Management Limited and has been associated with Pak Brunei Investment Company Limited as Group Head Treasury. Under his leadership, PIML was able to build a solid business and achieved substantial growth through the expansion of fund offerings and distribution channels. He brings with him wide-ranging experience in Money, Capital Markets and Investment Banking.

Mr. Ateeq has previously held senior management positions at Pak Oman Investment Company Limited, Jahangir Siddiqui & Company Limited and ABN Amro Bank in Pakistan. Mr. Ateeq’s vast areas of specialization include Fixed Income markets where he has a rich experience of development of distribution networks and bond structuring / market making. Under the supervision of Mr. Ateeq, Pak Brunei Investment Company Limited has had one of the most active bond trading desks in the market. Mr. Ateeq has also been honored with CEO Excellence Award for his management skills by British Asian Culture and Business Milestones and selected as Top 100 Business leaders of Pakistan at the CEO Summit. He is also serving as director on board of Awwal Modaraba Management Company Limited.

Mr. Ahmed AteeqMANAGING DIRECTOR/ CEO

BOARD OF DIRECTORS


Ms. Rida JiwaniCHIEF STRATEGY OFFICERMs. Rida Jiwani is the current Chief Strategy Officer for Primus Investment Management Limited. She holds a BSc degree from University of London with vast experience spanning up to 18 Years in the Financial Sector. She possess sharp business acumen, Team spirit and Leadership qualities as she has been actively involved in fields related to product development, Marketing, Corporate Sale and Retail Sale Nationwide.

Ms. Rida Jiwani started her career track from Equity Desk of JSCL and later became a Fund Manager of UTP Income Fund at Abamco Limited JSCL Group Company. Over the years she has refined her core expertise in key financial areas related to Sales, Investment Advisory and Business development. Prior to joining Primus Investment Management Limited, she has been associated with PICIC Asset Management as Country Head Corporate Sales and (NAFA) NBP Fullerton Asset management Company Limited. Her vision and strategic planning led to sizeable institutionalized business growth for Mutual Funds and is responsible for launching countless Investment Advisory Mandates. Her vast experience and wisdom of more than 18 years in the finance industry is an asset to the company.Mr. Samir Malik has more than 7 years of work experience in different financial institutions ranging from Asset Management, Brokerage and Financial Consulting. He started his career with Rehman Sarfaraz Rahim Iqbal Rafiq & Co. Chartered Accountants (Russell Bedford International), where he worked as Assistant Business Development and Financial Consultant. He was later associated with First Pakistan Securities Limited in the capacity of a Senior Dealer. Prior to joining Primus Investment Management Limited he was working with Faysal Asset Management Limited, where he worked as an Investment Advisor and Senior Trader. Mr. Malik was awarded the Chartered Financial Analyst (CFA) designation by the CFA Institute in April 2014.

Mr. M. Samir Malik, CFACHIEF INVESTMENT OFFICER

PRIMUS MANAGEMENT’S PROFILE


Ms. Rahaila AleemCHIEF FINANCIAL OFFICER & COMPANY SECRETARY

Ms. Rahaila Aleem is an associate member of the Institute of Chartered Accountants of Pakistan. She started her career from Deloitte Pakistan specializing in audit and assurance Services in versatile industries specially the financial services sector. Her 9 years of working experience include statutory and financial audits, reviews and other engagements of reputable multinational and local organizations.


Mr. Ali Kamal has 6 years of experience in financial markets especially research. Prior to joining Primus Investment Management Limited, Mr. Kamal has worked with National Investment Trust Limited as Investment / Research Analyst, the Government of Pakistan owned Asset Management Company which manages around USD 700 million. Mr. Kamal is a CFA level 3 candidate and also holds MBA in Finance from NUST Business School.

Mr. Ali KamalHEAD OF RESEARCH


Mr. Salman Raza KazmiFUND MANAGERMr. Salman Raza Kazmi joined PRIMUS in June 2013 and has a cumulative working experience of 08 years in Equity Research, Compliance, Corporate Affairs and Fund Management. He has been managing PIML Income Fund and PIML Daily Reserve Fund and possesses around 02 years experience as a Fund Manager. Prior joining to PRIMUS, he was associated with NBP Fullerton Asset Management Limited (NAFA) and Pak Oman Asset Management Limited in various capacities. His expertise is in the areas of fund management and analysis and developing MIS reports. He holds MS (in Financial Management, from UK) and MBA (in Management Information Systems) degree.


Mr. Asif brings with himself over 12 years of Professional experience in Compliance, Audit and Assurance. Prior to joining PIML, he served in Pak Oman Asset Management Company Limited as Compliance Officer. He also worked with Riaz MSB Limited (UK) and Riaz Ahmad, SaqibGohar& Co (Chartered Accountants). He has done Bachelors in Accounts & Finance from UK.

Mr. Asif IqbalHEAD OF RISK & COMPLIANCE


PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking Finance Company, the company is a 100% subsidiary of Pak Brunei Investment Company and was granted license by the SECP to undertake Asset Management & Investment Advisory Services on December 23, 2011.

PRIMUS believes in making positive contributions through responsible business practices, and emphasizing the need of saving as a culture. At Primus, we find the right solutions for our customers in regard to the financial challenges faced on day to day basis.

We offer dynamic solutions, addressing to the financial needs of our customers. Our dedicated focus reflects our commitment in terms of financial performance bringing the best financial solutions amongst our competitors.

INTRODUCTION


Primus aims to encourage the culture of savings, and high risk adjusted returns to investors. This is done by:

Achieving financial discipline & planning for your future Identifying your financial needs by understanding your specific financial solutions. Providing regular Information on the significance of savings and investmentsMeeting inflation adjusted returns on after tax basis

AIMS AND OBJECTIVES


Backed by a strong sponsor Pak Brunei Investment Company, and supported by two governments, i.e. Government of Pakistan and the Brunei Government.

Expertise in the local and global market dynamics Using strong research and risk management practices to achieve higher returns for investors.

Ability to provide solutions for financial needs, and planning to investors across various sectors. Allocation between different types of assets ( Debt, Equity, Real Estate & commodity Markets). The alternate classes are not only limited to Mutual Funds.

OUR STRENGTHS


OUR FUNDS

PIML is currently managing the following funds:Conventional Funds

PIML – Income Fund (Fixed Income, Long Term, Low Risk) PIML – Daily Reserve Fund (Fixed Income, Short term, Low Risk )PIML – Strategic Multi Asset Fund (Equity, Fixed Income, Long Term,

Medium Risk)PIML – Value Equity Fund (Equity, Long term, High RiskPIML – Asset Allocation Fund- To be launched soon

Sha'riah Compliant Funds PIML – Islamic Income Fund (Fixed Income, Long Term, Low Risk) PIML – Islamic Equity Fund (Equity, Long Term, High Risk)

www.primusinvestments.com

PIML- Income Fund

PIML Daily Reserve

Fund

PIML- Islamic Income Fund

PIML- Strategic

Multi Asset Fund

PIML- Islamic

Equity Fund

Non Discretionar

y Managemen

t

Primus Investment Management

Limited

Fund Management

Investment Advisory

Discretionary Account

Management

PIML- Value Equity Fund

SCOPE OF SERVICES

* Coming soon

PIML- Asset Allocation

Fund*


• Provides continuous personalized discretionary management of your funds

• Recommending customized asset allocation and stock selection

• Initial allocation and ongoing reallocation, rebalancing and monitoring

• Requires a discretionary disclosure clause in the investment agreement and power of attorney to open & operate CDC sub accounts and IPS accounts

• All assets shall be held in the name of the Client

• An asset based fee is charged

Discretionary Account Management

Non Discretionary Management

Non-Discretionary Accounts• Provides point in time stock• Specific recommendations

from among the investmentavenues available.

• All trading decisions lay with the client.

• Investment Advisor recommends and executes trades on behalf of the client.

• Annual Fee is charged for this service

• Investment Advice• Only investment advice

provided to client• Client remains responsible

for the initial allocation, ongoing reallocation and rebalancing

• Annual Fee is charged for this service

INVESTMENT ADVISORY


PIML Daily Reserve FundObjective:The objective of the fund is to generate consistent returns with minimal risk by investing primarily in Government Securities, cash and near cash instruments

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LOWEST RISK MEDIUM RISK HIGH RISK


PIML Income FundObjective:The objective of PIML - Income Fund (formerly Primus Cash Fund) is to generate competitive returns by investing in short to long term debt instruments and securities.

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PIML Strategic Multi Asset FundObjective:The objective of PIML-SMAF, an open-end balanced scheme, is offering retail and institutional clients a product that aims to maximize return and minimize risk. For this purpose, a balanced portfolio is created that has an optimal mix of equity, debt securities and commodity.

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PIML Islamic Equity FundObjective:The objective of PIML-IEF is to achieve long term capital growth by investing mainly in Shariah Compliant listed equity securities.

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PIML Islamic Income Fund (Formerly Islamic Money Market Fund)

Objective:The investment objective of the fund is to generate competitive risk adjusted returns by investing in short, medium and long-term Shariah Compliant fixed income instruments.

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PIML Value Equity FundObjective:The objective of PIML-Value Equity Fund is to achieve long term capital growth by investing mainly in listed equity securities.

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OUR ENTERTAINED CLIENTS



PIML Daily Reserve FundFund Manager’s Review:In the outgoing month, the fund generated a return of 6.83% compared to its benchmark return of 5.43%, outperforming its benchmark by 140 bps. Moreover, the fund on 12M Trailing basis outperformed the benchmark by 186 bps and remained the top performing funds in its respective category on FYTD basis. During the month exposure to treasury bills was reduced to zero percentage owing to better yields in cash product. We intend to increase exposure in government securities and monitor the market closely to avail trading opportunities for alpha generation.


PIML Income FundFund Manager’s Review:In the outgoing month, the fund generated a return of 0.34% compared to its benchmark return of 5.92%, underperforming by 558 bps. This was due to increase in the PKRV yields – ranging from 10bps to 21bps upside movement on average. The yield curve increased after SBP announced status quo in the MPS. This was a sentiment dampener for the market resulting in higher yields. However, the fund on 12M Trailing basis significantly outperformed the benchmark by 770 bps and remained among top five performing funds in its respective category on FYTD basis.

During the month the exposure in debt instrument was increased to 1.46% of net assets while exposure in government securities was 54% of net assets. We intend to monitor the market closely to avail trading opportunities for alpha generation.


PIML Strategic Multi Asset FundFund Manager’s Review:In the outgoing month, the fund earned a return of -4.37% while the benchmark declined by -3.67%, translating into an underperformance by 70 bps. The negative return is mainly attributed to the monthly FIPI outflow of approx. PKR 5.8 billion, political unease in the country and a fall in international oil prices dragged the index down. The underperformance is due to the increase in the yield curve because the SBP maintained a status quo in the last MPS held on 21st November 2015.

At the end of the month the fund’s exposure in equities reduced to 63.60% of the net assets as compared to 66.34% of the net assets in the last month.

We are taking a cautious approach as the US is expected to increase its interest rates in December which might trigger more foreign selling.


PIML Islamic Equity FundFund Manager’s Review:In the outgoing month, the fund earned a return of -6.08% while the benchmark declined by -6.76%, translating into an outperformance by 68 bps. The negative return is mainly attributed to the monthly FIPI outflow of approx. PKR 5.8 billion, political unease in the country and a fall in international oil prices which dragged the index down.




PIML Islamic Income FundFund Manager’s Review:In the outgoing month, the fund generated a return of5.58% compared to its benchmark return of 4.66%, outperforming its benchmark by 92 bps. The fund also outperformed the benchmark by 111 bps on FYTD basis and remained amongst the top five performing funds its respective category. Moreover, as the fund scheme was converted to income scheme from money market category, we intend to build exposure in the authorized investments following a cautious approach.


PIML Value Equity FundFund Manager’s Review:In the outgoing month, the fund earned a return of -5.85% while the benchmark declined by -5.86%. The negative return is mainly attributed to the monthly FIPI outflow of approx. PKR 5.8 billion, political unease in the country and a fall in international oil prices dragged the index down.




PRIMUS INVESTMENT MANAGEMENT LIMITED A wholly owned subsidiary of

Pak Brunei Investment Company Ltd.

HEAD OFFICE3rd Floor | Horizon Vista | Commercial - 10 | Block-4 | Scheme No.5 | Clifton |

Karachi | Pakistan | Phone: (+92-21) 35361372 | Fax : (+92-21) 35370873

LAHORE OFFICE 1st Floor l Commercial Plaza l 852- D l Faisal Town l Akbar Chowk l Lahore l

PakistanPhone: (+92-42) 35221632-4 l Fax: (+92-42) 35221635

ISLAMABAD OFFICE Executive Business Centre l Saudi Pak Tower l Jinnah Avenue l Islamabad.

Phone: (+92-51) 2800397-8


YOU CAN CONTACT US

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YOUR INVESTMENT PARTNER