Prudential ICICI MF now ICICI Prudential MF

New Delhi, April 2, 2007: The name of Prudential ICICI Mutual Fund has been changed to ICICI Prudential Mutual Fund with effect from 2nd April 2007 to reflect the change in shareholding pattern of ICICI Bank and Prudential Plc (effected in August 2005) in the Asset Management Company (AMC) and the Trust Company.

The names of the AMC and the Trust company have also been changed to ICICI Prudential Asset Management Company Ltd. and ICICI Prudential Trust Ltd. The names of the schemes will also reflect the above change with the prefix ICICI Prudential appearing before the specific scheme name. However, there is no change in the composition of the Board, Management or Operations.

Mr. Pankaj Razdan, Managing Director of the Company said, "The name change only reflects the change in shareholding pattern of ICICI Bank and Prudential Plc. and there are no changes whatsoever in the management, operations or individual roles. Our focus has always been the customer and our actions are always driven by our commitment to maximize customer outcome. We will always strive to offer them an overall experience in terms of product range, service quality, transaction convenience and product performance."

The Company enjoys the strong parentage of ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK's largest players in the financial services sectors. In a span of just over eight years, the Company has forged a position of pre-eminence in the Indian Mutual Fund industry as one of the largest asset management companies in the country. The Company manages a comprehensive range of schemes to meet the varying investment needs of its investors spread over 80 cities in the country.