ARECA CAPITAL LAUNCHES PROTECTED WARRANTS FUND2

Kuala Lumpur, Tuesday (November 04, 2008):

Areca Capital Sdn Bhd (ArecaCap), an associate company of Jerneh Asia Berhad today announced the launch of their second capital protected fund: Areca Capital Protected Warrants 2 Fund (ACPW2F).

Following the successful launch of the first capital protected fund in May 2008, the new ACPW2F of an 18-months investment period; will follow the similar disciplined yield driven approach to deliver a high yield fixed income/ capital protected strategy.

The main objective of this closed end fund is not only to protect investors’ capital in light of the higher risks which are sweeping global markets but to also provide a minimum of 5.1% income over the 18-months tenure; according to the Chief Executive Director of ArecaCap, Mr. Danny Wong Teck Meng.

ACPW2F will invest at least 95% of the Funds’ NAV in high quality debentures and money market instruments including zero-coupon negotiable instrument of deposits (ZNID) and term deposits.

Sale of the units began on 04 November 2008, with a 45-day IOP which will end on 18 December 2008. The commencement date of the Fund in debentures and money market instruments including ZNID and term deposit is on 31 December 2008 which is the 7th Business Day immediately following the end of the Offer Period.

For further information, please contact Ms Rachel Ho at tel: (03) 7956 3111 or e-mail:rachel@arecacapital.com or visit www.arecacapital.com or you may contact participating branches of EON Bank; our independent Distributor.

-ARECA CAPITAL LAUNCHES PROTECTED WARRANTS FUND2-