Daman UAE Value Fund grows over 36 per cent

Notes and media contacts

About Daman UAE Value Fund
Daman UAE Value Fund is a closed-end, offshore mutual fund focused on the UAE stock market. It was launched on 1st July 2001 with shares valued at a par value of AED 100. The Fund commissions an independent audit of its Net Asset Value (NAV) at the end of each month, and releases monthly NAV statements. The Fund has announced dividends totaling AED 53 per share since inception, the most recent being AED 6.00 per share for the first quarter of 2005 followed by AED 8.00 per share in the second quarter, 2005.

Daman UAE Value Fund is a Mauritius-registered public company. The Fund's governance structure is designed to ensure maximum transparency and accountability to shareholders.

About Arabian Programmed Trading Fund (Facet Arabia)
Arabian Programmed Trading Fund (APTF) Facet Arabia was launched in February 2005 and began
Trading on March 26th, 2005, registering a solid growth of 15.73% YTD.

This is the first computer model aided stock analysis fund, launched in conjunction with Facet Funds plc, an offshore funds platform regulated by Cayman Islands Monetary Authority and Commander Asset Management Ltd, authorized and regulated by the UK's Financial Services Authority (FSA).

Offered only to institutional investors and high net worth individuals, APTF is specifically designed with the ability to hold shares (equity) or to revert to 100% cash offering an important feature for both capital preservation and achievement of compound growth, regardless of market trends. Individual positions are sold when conditions dictate and cash is held until a reinvestment opportunity arises in that particular stock.

The strategic structure of the APTF will allow investors to participate in bull markets and benefit from bear and sideways markets.
Currently the portfolio consists of 71 stocks from the GCC, out of 450+ that have been evaluated.

Minimum investment in this Fund is US$1 million. Subscriptions are accepted on a monthly basis, redemptions will be quarterly.

For further details please contact:
Daman Corporate Communications
Tel: 971 4 332 41 43
Fax: 971 4 332 42 40

Or, Arabia PR FZ LLC
Tel: + 971 4 391 12 00
Fax: + 9714 390 45 11