Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

==================================================================================================

Company                       SCHEDULED ON      TIME      PLACE                        TO CONSIDER

==================================================================================================

Reliance Insurance Co Ltd     25.03.2004      11:30 am    S.M.C.H.S                Annual Accounts

                              Thursday                    Karachi             for the period ended

                                                                              31st December, 2003/

                                                                                declaration of any

                                                                             entitlement/any other

                                                                                  corporate action

Habib Insurance Co Ltd        25.03.2004      12:00 Noon  Corporate Office         Annual Accounts

                              Thursday                    Karachi               for the year ended

                                                                                 December 31, 2003

Muslim Insurance Co Ltd       25.03.2004      11:00 am    Corporate Office         Annual Accounts

                              Thursday                    Karachi             for the period ended

                                                                                 December 31, 2003

==================================================================================================