Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

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

                               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

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

P.I.C.I.C.                      31.12.2006    5% (i)                 -         -       12.07.2006 to

                                                                                          18.07.2006

Mehran Sugar Mills *            31.03.2006    -                 17.434         -                   -

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

INDICATIONS