HighMark International Fund Earns Lipper Award for Five-Year Performance

The HighMark International Opportunities Fund, Class M, has been awarded the 2008 Lipper Fund Award for the Best International Multi-Cap Core Fund for performance during the past five years. The Fund was ranked number one of 195 international multi-cap core funds based on the Lipper Ratings for Consistent Return for the five years ending December 31, 2007. The HighMark International Opportunities Fund is one of 22 HighMark Funds—a nationally recognized family of mutual funds—and one of three HighMark funds sub-advised by Bailard, Inc., an independent investment management firm. HighMark Capital Management, the investment subsidiary of Union Bank of California, N.A., serves as investment advisor and administrator to the Funds. "We’re very pleased that one of our funds has been ranked so highly but, more importantly, it confirms that we are doing the right thing on behalf of investors,” said Earle Malm, president and chief executive officer of HighMark Capital Management. "We look forward to our continued partnership with Bailard as sub-advisor and serving as a responsible fiduciary for our clients.” The Lipper Fund Awards are awarded to funds in 21 countries in Asia, Europe and the Americas. Lipper designates award-winning funds in most individual classifications for three-, five- and ten-year periods. For more information, visit www.lipperweb.com. About HighMark San Francisco-based HighMark Capital Management, Inc. is the wholly owned investment management subsidiary of Union Bank of California, with over $21 billion in assets under management for individual and institutional investors worldwide. HighMark Capital Management is also the adviser to the HighMark Funds, with 22 individual funds and over $8 billion in assets. HighMark Funds can be found on the Web at www.highmarkfunds.com. About Union Bank of California Based in San Francisco, UnionBanCal Corporation is a bank holding company with assets of $57.9 billion at March 31, 2008. Its primary subsidiary, Union Bank of California, N.A., had 334 banking offices in California, Oregon and Washington, and 2 international offices at March 31, 2008. The company’s Web site is located at www.unionbank.com. Mutual fund investing involves risks, including possible loss of principal. HighMark Funds are distributed by PFPC Distributors, Inc., which is unaffiliated with the adviser, its parents or any affiliates. HighMark Capital Management, Inc., a registered adviser, is a wholly owned subsidiary of Union Bank of California, N.A. and serves as investment adviser for HighMark Funds. Union Bank of California, N.A., a subsidiary of UnionBanCal Corporation, provides certain services to the funds and is compensated for these services. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Class M shares are available only to existing and new Bailard clients. Carefully consider the Fund’s investment objectives, risk, and charges and expenses. This and other information can be found in the Funds’ prospectus, which may be obtained by calling 1.800.433.6884 or by clicking here www.highmarkfunds.com. Read the prospectus carefully before investing.