Karachi Stock Exchange's Clearing Schedule for T+3 System.

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CLEARING SCHEDULE FOR T+3 SYSTEM JUNE & JULY 2005
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TRANSACTION     TRANSACTION      SETTLEMENT        SETTLEMENT
DATE            DAY              DATE                     DAY
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08.06.2005      Wednesday        13.06.2005            Monday
09.06.2005      Thursday         14.06.2005           Tuesday
10.06.2005      Friday           15.06.2005         Wednesday
13.06.2005      Monday           16.06.2005          Thursday
14.06.2005      Tuesday          17.06.2005            Friday
15.06.2005      Wednesday        20.06.2005            Monday
16.06.2005      Thursday         21.06.2005           Tuesday
17.06.2005      Friday           22.06.2005         Wednesday
20.06.2005      Monday           23.06.2005          Thursday
21.06.2005      Tuesday          24.06.2005            Friday
22.06.2005      Wednesday        27.06.2005            Monday
23.06.2005      Thursday         28.06.2005           Tuesday
24.06.2005      Friday           29.06.2005         Wednesday
27.06.2005      Monday           30.06.2005          Thursday
28.06.2005*     Tuesday          04.07.2005            Monday
29.06.2005      Wednesday
30.06.2005      Thursday         05.07.2005           Tuesday
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NOTES:
(1) * COT release and open market COT Session will not be available on June 28, 2005.
(2) BANK HOLIDAY = JULY 01, 2005 (FRIDAY)
(3) If any necessity arises, the Karachi Stock Exchange reserves the right to alter or vary the above dates. In case any settlement is postponed for whatsoever reasons, the same shall take place on the next working day.