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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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
01.07.2005      Friday           06.07.2005         Wednesday
04.07.2005      Monday           07.07.2005          Thursday
05.07.2005      Tuesday          08.07.2005            Friday
06.07.2005      Wednesday        01.07.2005            Monday
07.07.2005      Thursday         12.07.2005           Tuesday
08.07.2005      Friday           13.07.2005         Wednesday
11.07.2005      Monday           14.07.2005          Thursday
12.07.2005      Tuesday          15.07.2005            Friday
13.07.2005      Wednesday        18.07.2005            Monday
14.07.2005      Thursday         19.07.2005           Tuesday
15.07.2005      Friday           20.07.2005         Wednesday
18.07.2005      Monday           21.07.2005          Thursday
19.07.2005      Tuesday          22.07.2005            Friday
20.07.2005      Wednesday        25.07.2005            Monday
21.07.2005      Thursday         26.07.2005           Tuesday
22.07.2005      Friday           27.07.2005         Wednesday
25.07.2005      Monday           28.07.2005          Thursday
26.07.2005      Tuesday          29.07.2005            Friday
27.07.2005      Wednesday        01.08.2005            Monday
28.07.2005      Thursday         02.08.2005           Tuesday
29.07.2005      Friday           03.08.2005         Wednesday
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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.