Detail

Prague, 21 June 2005 - Today, Komerční banka starts offering the fourth series of the MAX global guaranteed fund. It is an open-ended unit trust that makes it possible for the clients to appreciate their spare money thanks to the growth on capital markets, while guaranteeing a 100% return on the investment on the day of maturity.*

"A return of at least 100 per cent * of the investment is guaranteed as at the closing day of this five-year fund. Clients therefore have an opportunity to benefit from the developments on the world's capital market at the minimum risk. The success of the preceding Max funds has confirmed our clients' increasing interest in investing. The total volume of investment in the MAX 1-3 funds exceeded two billion crowns," says André Léger, KB Executive Director Marketing.

"The fund's performance derives from the so-called reference portfolio, which is comprised of four equity indices and one bond index. Every year, the best-yielding index is selected, its value is fixed, and the index is excluded from further monitoring. The resulting performance of the reference portfolio equals the arithmetic average of the five best performing indices, or the fixed values. At the end of the fund's life the client receives 60% of the reference portfolio's performance, however, at least 100% of his initial investment. To ensure the 100 per cent * return on the investment we use the euro zone countries' government bonds," adds Pavel Hoffman, IKS KB Vice-Chairman.

The minimum investment is CZK 10,000, and the nominal value of one unit is one crown. The subscription period is from 20 June to 22 August 2005, and the fund's life is five years plus the subscription period. MAX 4 units can be bought from all 338 Komerční banka branches or via the Expresní linka phone banking and Mojebanka internet banking channels.

* Net of the entry fees.