Dividend/Bonus Announcements

Dividend/Bonus announcements by the 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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Pakistan Hotels Developers    30/6/2005    35%            40,463    9/30/05      24.09.2005 to

                                                                    9:30 am         30.09.2005

First Imrooz Modaraba         30/6/2005    47%            15.313      -          01.10.2005 to

                                                                                    08.10.2005

Dawood Capital Management     30/6/2005    10% (B)        16.592      -                      -

First Dawood Mutual Fund*     30/6/2005    1% (B)          5.000      -                      -

Dawood Money Market Fund*     30/6/2005    Nil           171.288      -                      -

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