INCOME FUND FROM ALLIANCE UNIT TRUST DECLARES 1.5 SEN DISTRIBUTION

Kuala Lumpur, 1 March 2006 - Alliance Unit Trust (AUT) Management Berhad has declared a gross cash distribution of 1.5 sen for investors of the Alliance Optimal Income Fund (AOIF) for the first half year ending 28 February 2006.

The cash distribution represents a 3% yield for six months or an annualised 6% yield based on the initial selling price of 49.9 sen. The gross cash distribution of 1.5 sen for every unit is its first cash payout to its investors. The second cash distribution is targeted for August 2006.

AOIF's total distribution in 2005 after the first year of launching amounted to 4 sen, which translated to a yield of 8% based on the average selling price.

"The fund's investment objective is to provide unit holders with a stable income that is potentially higher than the prevailing Fixed Deposit rates (FD) by investing in high dividend yielding stocks and fixed income securities," said Kenny Tan, AUT's Chief Executive Officer.

The unique feature of this fund lies in its distribution policy. Distribution may be declared on a half-yearly basis as approved by the Trustee.

Launched on 2 September 2004, the Alliance Optimal Income Fund is suitable for investors with a low risk appetite.

AOIF is available through Alliance Unit Trust Tied-Agents, Alliance Bank and third party distributors such as Standard Chartered Bank, AmPrivate Banking, Affin Bank, ECM Libra Securities and RHB Unit Trust.

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