Bangkok--22 Apr--JWT Public Relations MFC Asset Management launches its Bt1.075-Billion Multi-National Residence Fund (MNRF) in the initial public offering (IPO) that runs from April 21 to May 8, 2008 following the success of MFC-Nichada Thani Property Fund (MNIT) which has already generated ten dividend payments worth Bt158 million in just over a period of two years. The MNRF will also be invested in Nichada Thani properties, well-known for its multi-national communities, namely Palm Tree Place single houses and Danicha Thani condominium units in Nichada Thani Chaengwattana project as well as single houses in another Nichada Thani residential project in the vicinity of the Eastern Seaboard in Chonburi. Dr. Pichit Akrathit, President of MFC Asset Management Public Company Limited (MFC), reveals that MFC has a plan to roll out 2-3 property funds this year as new alternatives for interested investors, starting with Multi-National Residence Fund (MNRF) that will be offered to the public from April 21 to May 8, 2008. With an initial size of Bt1.075 Billion, the MNRF will invest and assume full ownership or freehold of the Nichada Thani properties, residential estates catered for expatriates living in Thailand. The Fund composes of 30 single houses from Palm Tree Place project and 48 condominium units from Danicha Thani project, both located at the Nichada Thani housing estate on Chaengwattana Road and also, 35 single houses from Nichada Thani residential project in Chonburi Province. The Fund has a dividend payout policy with a maximum of four times a year at a minimum rate of 90% of its net profit. The attractiveness of MNRF is its constant return which resulted from the Fund renting out all acquired properties back to Nichada Thani over a period of seven years. The Fund will enjoy its return from Nichada Thani in the form of monthly rental fee. In general, the going rate for a single house at Chaengwattana project is approximately 100,000 — 140,000 Baht/month and 30,000 — 50,000 Baht/month for a condominium unit while the rate of a single house in Chonburi is estimated around 60,000 — 80,000 Baht/month. Moreover, as an effective risk management measure, the Fund requires the rent contract whereby Nichada Thani is requested to make a 9-month advance rental deposit and also, a 24-month penalty if tenant breaches any rent contract. In addition, since the properties are freehold, the Fund reserves the full rights to sell off the assets in accordance to the agreed arrangement with Nichada Thani if it sees opportunity to make more gains for its investors without breaching the contract with Nichada Thani. Another strength and key differentiation of MNRF from other property funds is Nichada Thani as a successful developer of expatriate communities in Thailand who prefer to live in a residential area that offers the quality of life similar to that in their homeland and belong to a multi-national community with neighbors of similar lifestyles. The nearby International School Bangkok is also another main attraction of this residential project. Furthermore, Nichada Thani has expanded to new locations such as in Chonburi where there is high potential due to its close proximity to industrial estates in Eastern Seaboard area namely Amata Nakorn, Laem Chabang, and Bo-Win industrial estates. Like the Chaengwattana project, the Chonburi will also attract expatriate families as the International School Eastern Seaboard (ISE) is just nearby. Dr. Pichit says further that target tenants of Nichada Thani projects are expatriates who work in central business districts and industrial estates in the Eastern Seaboard. For the latter in particular, the main decision factor of this target group is the location within close proximity to the ISE. Others include project quality, convenient facilities such as villa supermarket, nearby golf courses and etc. Additionally, the market growth potential of high-end homes for rent is very promising, backed by the growing population of expatriates who come to work in Thailand. According to a source from Nichada Thani Property Company Limited, the annual land appreciation growth is approximately 3-6% while the cost in Bangkok from 1990-2006 is about 2-3% per year (source: Agency for Real Estate Affair Company). This is a nourishing factor that will enable MNRF to offer its investors with the rewarding returns. With MNRF, investors are therefore given an excellent opportunity to partly owned multi-national community properties like Nichada Thani. Dr. Pichit further adds the performance of MFC’s first property fund, MFC Nichada Thani (MNIT), which was launched in 2005. MNIT has already made 10 dividend payments worth a total of Bt158 million. Investors who are interested in MNRF are invited to subscribe for the investment units with minimum investment of Bt1,000. The IPO will be arranged under the small-lot-first system. For more information, please contact MFC via number 0-2649-2000, then press 2 for Investment Planning Division or press 0 for Call Center, or visit www.mfcfund.com. There is risk associated with investment; investors should carefully study information before making the decision to invest. Past fund performance of a mutual fund does not guarantee its future performance. Further queries, please contact Khun Sutasikar Khurat, Khun Suwanna Chewanantachai MFC Asset Management Plc: Tel. 0-2649-2230, 0-2649-2232 Khun Sarinya Sanmeema, Khun Trungrutai Sundos JWT Public Relations: Tel. 0-2204-8552, 0-2204-8078, Fax. 0-2259-9246