BPA Malaysia Ringgit Bond Index

Monthly Update

Overview as at end of December 2010

The BPA Malaysia Ringgit Bond Index and BPA Malaysia Liquid Index Series cover the Malaysia Ringgit denominated, long term
investment graded Conventional and Islamic bonds. It consists of treasury, government related and corporate sectors bonds. The
BPA Malaysia Ringgit Bond Index constituents undergo calculation, review and rebalancing on a daily basis, while the BPA Malaysia
Liquid Index constituents are calculated and rebalanced on a monthly basis. All return calculations are based on Bond Pricing Agency
Malaysia’s mark to market prices. The index history is backfilled to January 2007.

BPA Malaysia Ringgit Bond Index Performance - Main Indexes

Index Name 1-Month YTD 2009 1-Year 2-Year 3-Year

BPAM Ringgit All Bond Index 0.00 5.32 2.75 5.32 4.02 4.91
BPAM Bond Index -0.05 4.81 1.37 4.81 3.08 4.65
BPAM Sukuk Index 0.09 6.10 4.94 6.10 5.52 5.26
BPAM Government All Bond Index -0.15 4.51 0.72 4.51 2.60 4.49
BPAM Government Bond Index -0.12 4.49 0.66 4.49 2.56 4.51
BPAM Government Sukuk Index -0.26 4.57 1.05 4.57 2.80 4.39
BPAM Corporate All Bond Index 0.47 6.43 7.95 6.43 7.19 5.84
BPAM Corporate Bond Index 0.41 5.10 6.86 5.10 5.97 5.35
BPAM Corporate Sukuk Index 0.48 6.68 8.16 6.68 7.42 5.89

BPA Malaysia Ringgit Bond Index Performance - Liquid Index Series

Index Name 1-Month YTD 2009 1-Year 2-Year 3-Year

BPAM Liquid Mixed Index 5 -0.36 4.22 1.56 4.22 2.88 4.59
BPAM Liquid Bond Index 5 -0.36 4.21 1.52 4.21 2.86 4.53
BPAM Liquid Sukuk Index 5 -0.43 4.58 0.69 4.58 2.61 4.31
BPAM Liquid Govt Related Mixed Index 5 -0.36 4.23 1.55 4.23 2.88 4.59
BPAM Liquid Govt Related Bond Index 5 -0.36 4.20 1.53 4.20 2.86 4.53
BPAM Liquid Govt Related Sukuk Index 5 -0.42 4.47 -0.55 4.47 1.93 4.16
BPAM Liquid PDS Mixed Index 5 0.38 6.81 5.78 6.81 6.29 6.49
BPAM Liquid PDS Bond Index 5 0.30 6.72 7.91 6.72 7.31 5.92
BPAM Liquid PDS Sukuk Index 5 0.50 6.75 5.16 6.75 5.95 6.09

Values indicate return in percentage. One, two and three-year returns are annualised.
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 BPA Malaysia Ringgit Bond Index
Monthly Update

BPA Malaysia Ringgit Bond Index Performance - All Bond

Index Name 1-Month YTD 2009 1-Year 2-Year 3-Year

BPAM Ringgit All Bond Index 0.00 5.32 2.75 5.32 4.02 4.91
BPAM Ringgit 3M-1Y All Bond Index 0.18 2.56 3.19 2.56 2.87 3.24
BPAM Ringgit 1Y-3Y All Bond Index 0.35 3.09 4.47 3.09 3.78 4.19
BPAM Ringgit 3Y-7Y All Bond Index 0.13 5.57 3.64 5.57 4.60 5.12
BPAM Ringgit 7Y Over All Bond Index -0.57 8.10 0.08 8.10 4.02 5.79
BPAM Government All Bond Index -0.15 4.51 0.72 4.51 2.60 4.49
BPAM Government 3M-1Y All Bond Index 0.11 1.99 2.66 1.99 2.33 2.84
BPAM Government 1Y-3Y All Bond Index 0.33 2.61 3.87 2.61 3.24 3.89
BPAM Government 3Y-7Y All Bond Index -0.01 4.96 1.93 4.96 3.43 4.80
BPAM Government 7Y Over All Bond Index -0.96 6.73 -3.73 6.73 1.36 5.30
BPAM Quasi Government All Bond Index 0.02 7.43 2.84 7.43 5.11 5.67
BPAM Quasi Government 3M-1Y All Bond Index 0.37 2.66 3.27 2.66 2.97 3.39
BPAM Quasi Government 1Y-3Y All Bond Index 0.37 3.22 4.57 3.22 3.89 4.19
BPAM Quasi Government 3Y-7Y All Bond Index 0.26 6.01 2.90 6.01 4.44 5.14
BPAM Quasi Government 7Y Over All Bond Index -0.43 11.60 -0.31 11.60 5.48 6.65
BPAM BNM All Bond Index 0.00 1.83 2.13 1.83 1.98 2.55
BPAM BNM 3M-1Y All Bond Index 0.00 1.83 2.13 1.83 1.98 2.54
BPAM BNM 1Y-3Y All Bond Index 0.00 0.00 0.00 0.00 0.00 0.23
BPAM Financial All Bond Index 0.41 8.75 4.68 8.75 6.70 5.42
BPAM Financial 3M-1Y All Bond Index 0.34 4.05 5.26 4.05 4.65 4.10
BPAM Financial 1Y-3Y All Bond Index 0.42 5.10 6.22 5.10 5.66 5.34
BPAM Financial 3Y-7Y All Bond Index 0.11 8.33 4.52 8.33 6.41 5.51
BPAM Financial 7Y Over All Bond Index 1.06 20.45 3.85 20.45 11.84 8.24
BPAM Corporate Guaranteed All Bond Index 0.35 6.79 6.44 6.79 6.62 5.54
BPAM Corporate Guaranteed 3M-1Y All Bond Index 0.35 3.59 4.20 3.59 3.90 4.08
BPAM Corporate Guaranteed 1Y-3Y All Bond Index 0.43 4.33 6.23 4.33 5.27 4.70
BPAM Corporate Guaranteed 3Y-7Y All Bond Index 0.98 8.56 7.51 8.56 8.03 6.48
BPAM Corporate Guaranteed 7Y Over All Bond Index -0.72 10.58 6.80 10.58 8.67 6.43
BPAM Corporate All Bond Index 0.47 6.43 7.95 6.43 7.19 5.84
BPAM Corporate 3M-1Y All Bond Index 0.35 3.46 4.63 3.46 4.05 4.10
BPAM Corporate 1Y-3Y All Bond Index 0.42 4.50 6.05 4.50 5.27 5.05
BPAM Corporate 3Y-7Y All Bond Index 0.47 6.71 7.56 6.71 7.13 5.96
BPAM Corporate 7Y Over All Bond Index 0.55 9.22 10.55 9.22 9.88 6.99

Values indicate return in percentage. One, two and three-year returns are annualised.
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 BPA Malaysia Ringgit Bond Index
Monthly Update

BPA Malaysia Ringgit Bond Index Performance - Conventional

Index Name 1-Month YTD 2009 1-Year 2-Year 3-Year

BPAM Bond Index -0.05 4.81 1.37 4.81 3.08 4.65
BPAM 3M-1Y Bond Index 0.30 2.57 3.06 2.57 2.82 3.20
BPAM 1Y-3Y Bond Index 0.33 2.92 4.19 2.92 3.55 4.05
BPAM 3Y-7Y Bond Index 0.05 5.33 2.46 5.33 3.89 4.93
BPAM 7Y Over Bond Index -0.92 7.31 -3.30 7.31 1.86 5.48
BPAM Government Bond Index -0.12 4.49 0.66 4.49 2.56 4.51
BPAM Government 3M-1Y Bond Index 0.28 2.17 2.65 2.17 2.41 2.90
BPAM Government 1Y-3Y Bond Index 0.33 2.58 3.76 2.58 3.17 3.84
BPAM Government 3Y-7Y Bond Index -0.01 5.01 1.88 5.01 3.44 4.81
BPAM Government 7Y Over Bond Index -1.02 6.69 -4.05 6.69 1.17 5.32
BPAM Quasi Government Bond Index 0.19 5.84 3.62 5.84 4.73 5.05
BPAM Quasi Government 3M-1Y Bond Index 0.39 2.70 3.52 2.70 3.11 3.45
BPAM Quasi Government 1Y-3Y Bond Index 0.37 3.09 4.40 3.09 3.75 4.07
BPAM Quasi Government 3Y-7Y Bond Index 0.22 6.43 3.83 6.43 5.12 5.48
BPAM Quasi Government 7Y Over Bond Index -0.71 9.79 2.19 9.79 5.92 5.86
BPAM BNM Bond Index 0.00 0.00 0.00 0.00 0.00 0.34
BPAM BNM 3M-1Y Bond Index 0.00 0.00 0.00 0.00 0.00 0.34
BPAM BNM 1Y-3Y Bond Index N/A N/A N/A N/A N/A N/A
BPAM Financial Bond Index 0.42 8.89 4.40 8.89 6.62 5.41
BPAM Financial 3M-1Y Bond Index 0.34 4.05 5.26 4.05 4.65 4.10
BPAM Financial 1Y-3Y Bond Index 0.41 5.05 6.31 5.05 5.68 5.35
BPAM Financial 3Y-7Y Bond Index 0.03 8.47 4.30 8.47 6.37 5.47
BPAM Financial 7Y Over Bond Index 1.06 20.45 2.96 20.45 11.36 8.25
BPAM Corporate Guaranteed Bond Index 0.31 8.31 5.91 8.31 7.10 5.96
BPAM Corporate Guaranteed 3M-1Y Bond Index 0.31 3.19 4.10 3.19 3.64 3.84
BPAM Corporate Guaranteed 1Y-3Y Bond Index 0.39 4.48 5.93 4.48 5.20 4.90
BPAM Corporate Guaranteed 3Y-7Y Bond Index 1.09 10.91 7.66 10.91 9.27 7.44
BPAM Corporate Guaranteed 7Y Over Bond Index -0.72 10.58 6.80 10.58 8.67 6.43
BPAM Corporate Bond Index 0.41 5.10 6.86 5.10 5.97 5.35
BPAM Corporate 3M-1Y Bond Index 0.40 4.50 5.49 4.50 4.99 4.75
BPAM Corporate 1Y-3Y Bond Index 0.40 4.52 6.59 4.52 5.55 5.20
BPAM Corporate 3Y-7Y Bond Index 0.44 6.28 7.29 6.28 6.78 5.63
BPAM Corporate 7Y Over Bond Index 0.93 6.81 10.85 6.81 8.81 6.65

Values indicate return in percentage. One, two and three-year returns are annualised.
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 BPA Malaysia Ringgit Bond Index
Monthly Update

BPA Malaysia Ringgit Bond Index Performance - Islamic

Index Name 1-Month YTD 2009 1-Year 2-Year 3-Year

BPAM Sukuk Index 0.09 6.10 4.94 6.10 5.52 5.26
BPAM 3M-1Y Sukuk Index -0.22 2.32 3.40 2.32 2.86 3.23
BPAM 1Y-3Y Sukuk Index 0.37 3.54 5.05 3.54 4.29 4.48
BPAM 3Y-7Y Sukuk Index 0.25 5.87 5.50 5.87 5.68 5.37
BPAM 7Y Over Sukuk Index -0.21 8.97 4.52 8.97 6.72 6.14
BPAM Government Sukuk Index -0.26 4.57 1.05 4.57 2.80 4.39
BPAM Government 3M-1Y Sukuk Index -0.74 1.11 2.77 1.11 1.94 2.20
BPAM Government 1Y-3Y Sukuk Index 0.33 2.74 4.12 2.74 3.42 4.06
BPAM Government 3Y-7Y Sukuk Index -0.03 4.76 2.08 4.76 3.41 4.74
BPAM Government 7Y Over Sukuk Index -0.82 6.79 -2.72 6.79 1.92 5.08
BPAM Quasi Government Sukuk Index -0.04 8.20 2.32 8.20 5.22 5.96
BPAM Quasi Government 3M-1Y Sukuk Index 0.31 2.61 3.16 2.61 2.89 3.35
BPAM Quasi Government 1Y-3Y Sukuk Index 0.37 3.35 4.73 3.35 4.04 4.28
BPAM Quasi Government 3Y-7Y Sukuk Index 0.29 5.72 2.38 5.72 4.04 4.99
BPAM Quasi Government 7Y Over Sukuk Index -0.40 11.83 -1.99 11.83 4.69 6.72
BPAM BNM Sukuk Index 0.00 1.83 2.14 1.83 1.98 2.56
BPAM BNM 3M-1Y Sukuk Index 0.00 1.82 2.14 1.82 1.98 2.54
BPAM BNM 1Y-3Y Sukuk Index 0.00 0.00 0.00 0.00 0.00 0.23
BPAM Financial Sukuk Index 0.35 6.85 8.05 6.85 7.45 5.29
BPAM Financial 3M-1Y Sukuk Index N/A N/A N/A N/A N/A N/A
BPAM Financial 1Y-3Y Sukuk Index 0.51 6.37 N/A 6.37 N/A N/A
BPAM Financial 3Y-7Y Sukuk Index 0.31 6.79 8.06 6.79 7.43 6.05
BPAM Financial 7Y Over Sukuk Index 0.07 0.07 2.98 0.07 1.51 1.03
BPAM Corporate Guaranteed Sukuk Index 0.46 4.48 7.08 4.48 5.77 4.88
BPAM Corporate Guaranteed 3M-1Y Sukuk Index 0.39 3.84 4.32 3.84 4.08 4.41
BPAM Corporate Guaranteed 1Y-3Y Sukuk Index 0.46 4.10 6.65 4.10 5.37 4.53
BPAM Corporate Guaranteed 3Y-7Y Sukuk Index 0.55 6.19 7.82 6.19 7.00 5.63
BPAM Corporate Guaranteed 7Y Over Sukuk Index N/A N/A N/A N/A N/A N/A
BPAM Corporate Sukuk Index 0.48 6.68 8.16 6.68 7.42 5.89
BPAM Corporate 3M-1Y Sukuk Index 0.32 3.14 4.29 3.14 3.71 3.79
BPAM Corporate 1Y-3Y Sukuk Index 0.43 4.49 5.76 4.49 5.12 4.97
BPAM Corporate 3Y-7Y Sukuk Index 0.48 6.76 7.63 6.76 7.19 5.99
BPAM Corporate 7Y Over Sukuk Index 0.55 9.23 10.55 9.23 9.89 6.98

Values indicate return in percentage. One, two and three-year returns are annualised.
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 BPA Malaysia Ringgit Bond Index
Monthly Update

About BPA Malaysia

BPA Malaysia is a registered Bond Pricing Agency as accredited by the Securities Commission of Malaysia. Since 2005, we have
been the market leader in delivering daily evaluated pricing, index and reference data services on more than 2,500 Malaysian bonds
and sukuk. BPA Malaysia serves over 100 local and international financial institutions, supporting their key data needs for portfolio
valuation, risk management and regulatory compliance.

For more information about BPA Malaysia, please visit www.bpam.com.my or Reuters 3000 Xtra page <BONDWEB>

General Enquiries

General Enquiries enquiries@bpam.com.my

Disclaimer

Information on these pages are intended solely to provide general information on the Ringgit Bond market and is not intended for
trading purposes. None of the information constitutes a solicitation, offer, opinion, or recommendation by Bond Pricing Agency
Malaysia Sdn Bhd (“BPA Malaysia”) to buy or sell any security or to provide legal, tax, accounting or investment advice or services
regarding the profitability or suitability of any security or investment. Investors are advised to consult their professional investment
advisors before making any investment decision.

Information provided on these pages are provided on an "as is" basis, and while care has been taken to ensure the completeness.
accuracy and reliability of the information provided, BPA Malaysia provides no warranties or representations of any kind, either
express or implied, including, but not limited to, warranties of title or implied warranties of fitness for a particular purpose, accuracy,
correctness, non-infringement, timeliness, completeness, or that the information is always up-to-date. BPA Malaysia disclaims any
liability related to these information.

Jan 2011 5