APPLICATION FORMS

Disclaimer for AHI's website approved by legal counsel 14 Feb 2002

Disclaimer Access to the website pages detailing our investment plans is restricted and these pages may only be accessed if you consider yourself qualified after reading the following:The information herein has been prepared by Arif Habib Investments Limited, which is regulated by Securities and Exchange Commission of Pakistan (SECP), for inviting investment from residents of Pakistan and non-residents in such jurisdictions where the local laws do not prohibit soliciting of investment into the investment plans detailed herein.There may be restrictions on the investment in, or the distribution of information on these investment plans in certain jurisdictions. Visitors to this website and potential investors are required to find out for themselves about the restrictions applicable to them and to observe any such restrictions. Visitors to this website from such jurisdictions are advised that they will not have the benefit of protection under the rules and regulations of their respective jurisdictions with regard to financial investments. The information contained within this website should not be copied, reproduced and distributed to any person.Visitors to this website from the UK are advised that they will not have the benefit of protection under the rules and regulations of the United Kingdom Financial Services Act 1986 and The Financial Services Authority (FSA) for protection of investors, nor benefit from the United Kingdom Investors Compensation Scheme nor have access to FSA's Ombudsman or any other Complaints Bureau in the event of a dispute. Investors will also have no right of cancellation under the Financial Services (Non-Life Cancellation) Rules 1997 of the United Kingdom.The investment plans and the units of investment are not being offered or sold and may not be offered or sold directly or indirectly in the United States or to, or for the account or benefit of, any resident of the United States, and no offering of the investments are being or will hereby be targeted at US persons.Investment in the investment plans is suitable only for investors who are aware of the risks of investing in Pakistan. The investments are subjected to market fluctuations and the risk inherent in all investments and there are no assurances that appreciation will occur. The investment may be made through a remittance of US Dollars or other currencies but the underlying investment are denominated in Pakistani Rupees and are primarily in Pakistani securities and other Pakistani investments. The price of units, the investment plans and the income from them can go down as well as up and past performance cannot necessarily be a guide to future performance. Additionally, the value of any investment made through transfer of U.S. Dollars or any other currency may rise or fall due to exchange rate fluctuations. I have read and understood the above disclaimers and believe myself competent to be allowed access to the information on the investment plans and to be qualified to invest in the plans.