Kuala Lumpur, 11 September 2008 - Alliance Investment Management Berhad has declared a gross cash distribution of 2.0 sen per unit for investors of Alliance Optimal Income Fund (AOIF) based on the financial year ended 31 August 2008.

The cash distribution, which represents a 4.2% yield for the six months period is based on the average selling price of RM0.4714. The ex-price after distribution is RM0.4195.

This is AOIF's second cash distribution pay-out in a year as distribution is declared on a half-yearly basis as approved by the Trustee.

Said Nik Azhar Abdullah, Head of Alliance Investment Management Berhad, "The total cash distribution for the year amounts to 3.5 sen which translates to a yield of 6.86%.

The Fund invests in high dividend yielding stocks and fixed-income securities and since its launch on 2 September 2004 has been popular among investors with medium risk appetite and those who prefer a stable income stream that is potentially higher than the prevailing fixed deposit rates."

AOIF is available through Alliance Investment Management Berhad's Independent Tied-Agents, Alliance Bank Malaysia Bhd and third party distributors such as Affin Bank, Standard Chartered Bank Malaysia Bhd, RHB Investment Management Bhd, Phillip Mutual Bhd, and ECM Libra Avenue Securities Sdn Bhd.

For enquiries or a copy of the Master Prospectus, please call the toll free number 1-800-88-3065 or log on to www.allianceimb.com.my .