Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

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Company                Year Ended/Ending  Dividend/Bonus          Dispatched on

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PICIC Commercial Bank Limited     12.31.2005   22.5% Dividend        10.21.2005

Dawood Hercules Chemicals

 Limited                          12.31.2005   15% 2nd Dividend      10.25.2005

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Please note that despatch of bonus share certificates of PICIC Commercial Bank Limited was erroneously typed instead of despatch of Dividend Warrants in our Reporting sheet dated 24.10.2005 typographical error is regretted.