Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

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                         FOR THE YEAR            PROFIT/(LOSS)   ANNUAL         CLOSURE OF

                          ENDED/HALF/   DIVIDEND/    AFTER        GENERAL            SHARE

                          YEAR ENDED     BONUS/    TAXATION       MEETING         TRANSFER

COMPANY                 QUARTER ENDED    RIGHT  (Rs in million)     ON               BOOKS

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Business &                31.12.2003    10%           -         27.04.2004   15.05.2004 to

 Industrial Ins                        (R)x                     10:30 am        20.05.2004

First International

 Investment Bank          31.03.2004    -           30.302*       -                      -

 NDLC-IFIC Bank           31.03.2004    -           40.043***     -                      -

Trust Leasing

 Corporation Ltd          31.03.2004    20% (R)xx  105.073***     -          23.04.2004 to

                                                                                29.04.2004

Shabbir Tiles &

 Ceramics Limited         -             -             -         06.05.2004   30.04.2004 to

                                                               (EOGM)**         06.05.2004

Reliance Weaving          -             -             -         30.04.2004   21.04.2004 to

                                                               (EOGM)xxx        30.04.2004

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Indications
-- Accounts for the nine months ended - 31.03.2004
-- Accounts for the quarter ended - 31.03.2004
-- Shabbir Tiles & Ceramics Ltd.
-- EOGM to be held for the purpose of Election of Directors.
-- Business & Industrial Insurance Co Ltd.
-- 10% right shares at a discount of 40% ie Rs 6/- each subject to the approval of share-holders and Securities & Exchange Commission of Pakistan.
-- Trust Leasing Corporation Ltd.
-- Right share 20% at a premium of Rs 5/- per share.
-- Reliance Weaving Mills Limited.
-- EOGM to be held for the purpose to pass special resolution to add sub-clause No 12 in clause No III of the Memorandum of Association of the Company and to incorporate following New sub-clause therein:
"To invest money or purchase of Shares or any other securities of any Company or any Industrial Undertaking Upto the extent of Rs 250.00 Million out of reserves of the Company.
Copyright Business Recorder, 2004