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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Thal Limited                      06.30.2005  100% Final Dividend    11.12.2005

First International Investment

 Bank Limited                     06.30.2005   14% Dividend          11.14.2005

First Habib Bank Modaraba         06.30.2005   13% Dividend          11.14.2005

Grays of Cambridge (Pak) Limited  06.30.2005  150% Dividend          11.14.2005

Golden Arrow Selected Stocks

 Fund Limited                     06.30.2005   40% Dividend          11.10.2005

Attock Refinery Limited           06.30.2005   30% Bonus shares      11.12.2005

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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.