UBL Fund Managers and UBL Signature Sign Agreement

Karachi, January 19, 2010 – UBL Signature – the Priority Banking business of United Bank
Limited (UBL) signed a distribution agreement with UBL Fund Managers, a wholly owned
subsidiary of the Bank. Under the agreement, UBL Fund Managers will offer an exclusive range
of investment solutions to UBL Signature priority clients to meet their wealth management and
financial planning needs. The signing ceremony was held at the UBL Head Office and was
attended by senior officials of both organizations.

The agreement was signed by Mr. Najeeb Agrawalla, Group Head - Marketing & Product
Management, UBL and Ms. Maleeha Bangash, Chief Strategy Officer, UBL Funds. Mr. Atif R.
Bokhari, President & CEO - UBL who was present on the auspicious occasion stated: “The
signing of this agreement reflects the commitment of the Bank towards meeting the evolving
needs of today’s high-net worth customers who want greater investment choices and dedicated
financial services.”

Mir Muhammad Ali, CEO UBL Fund Managers said: “At UBL Funds we are dedicated towards
helping our clients meet their investment objectives by offering them quality investment solutions
based on their needs. We now look forward to extending our expertise and services to UBL
Signature priority clients and help them protect and grow their wealth.”

UBL Fund Managers is currently the largest Asset Management Company in the private-sector.
Last year the company introduced two ‘industry firsts’; the first ‘Same Day Liquidity’ Fund
(ULPF), and UPPP-II, the first capital protected plan based on the world renowned CPPI
Investment Methodology, that also offers a ‘Profit Lock-in Feature’. Customized portfolio
management services for Corporate and High Net Worth Individual clients, has also been
launched by the name of ‘UBL Funds SMArt’.

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