Kuala Lumpur, 28 July 2008 - Alliance Investment Management Berhad (AIMB), a subsidiary of Alliance Bank (Malaysia) Berhad has declared a gross income distribution of 3 sen per unit for its fixed-income fund, Alliance Moneyplus Fund (AMF) for the year ended 30 June 2008.

"The 3 sen distribution, which translates to a yield of 5.55% is the highest paid out cash distribution since the Fund's inception in 2002. Last year's distribution was 2.0 sen.

"Performance wise, the Fund had gained 4.35% from 0.5176 sen to 0.5401 sen. The average net asset value (NAV) during the 12-month period was 0.5410 sen," said Nik Azhar Abdullah, Executive Director and Head of Alliance Investment Management Berhad.

According to the Lipper Fund Table, dated 14 July 2008, AMF was ranked second, ninth and fourth out of 38, 26 and 19 funds in the same category on the back of a 4.35% return for the one year period, 13.42% for three years and 25.98% for five years, respectively.

AMF is an income and growth fund in the fixed-income category. With low-risk investors in mind, it was created to maximise total returns by investing primarily in fixed income securities and money market instruments, which are aimed at providing income, capital appreciation or a combination of both income and capital appreciation.

AMF invests between 90-100% in fixed income securities, liquid assets and money market instruments issued or guaranteed by Bank Negara Malaysia, licensed financial institutions and investment grade corporate issues to ensure that regular income is generated with low risk. It is an alternative to regular fixed deposit investments.

A maximum 10% can also be invested in equities and equity convertible securities to take advantage of the opportune equities market.

One of the advantages of the Fund is that there is no sales charge tagged to it. Investors can also switch from AMF to other AIMB funds at no cost.

The fixed-income fund is available through AIMB's Independent Tied-Agents and institutional distributors such as Alliance Bank (Malaysia) Bhd, Standard Chartered Bank (Malaysia) Bhd, Affin Bank Bhd, RHB Investment Management Bhd, ECM Libra Avenue Securities Sdn Bhd, AmPrivate Banking and the Company's latest third party distributor, Phillip Mutual Bhd. AMF is also available through the EPF investment scheme.

For inquiries or for a copy of the Master Prospectus, please call AIMB's toll free number at 1-800-88-3065 or log-on to AIMB's corporate website at www.allianceimb.com.my .