Majid Al Futtaim Asset Management appoints Citi for fund administration

Notes and media contacts

About Citi:
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.

About Citi Global Transaction Services:
Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organisations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the first quarter of 2009, it held on average $278bn in liability balances and $10.3 trillion in assets under custody.

About Majid Al Futtaim Asset Management
Majid Al Futtaim Asset Management, the asset management arm of the Majid Al Futtaim Group, offers institutional and professional investors the opportunity to engage the services of a team of portfolio managers with a proven track record, who managed the family office of Majid Al Futtaim.

Majid Al Futtaim Asset Management's first investment product is the Elite Mena Equity Fund, which invests in the Mena region's listed equity markets. The Elite Mena Equity Fund is a long-only investment vehicle whose objective is to achieve long term asset growth and capital preservation through investments primarily in securities listed in the Middle East and North Africa (Mena) region.

For more information, please contact:
Karim Seifeddine
Public Affairs Head
Middle East & Pakistan
Citi
Dir: ++971 4 6044392
Fax: ++971 4 3240285