Karachi Stock Exchange's Clearing Schedule for T+3 System.

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CLEARING SCHEDULE FOR T+3 SYSTEM DECEMBER 2003 & JANUARY 2004
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TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                     DAY
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31.12.2003      WEDNESDAY        05.01.2004            MONDAY
01.01.2004      THURSDAY         06.01.2004           TUESDAY
02.01.2004      FRIDAY           07.01.2004         WEDNESDAY
05.01.2004      MONDAY           08.01.2004          THURSDAY
06.01.2004      TUESDAY          09.01.2004            FRIDAY
07.01.2004      WEDNESDAY        12.01.2004            MONDAY
08.01.2004      THURSDAY         13.01.2004           TUESDAY
09.01.2004      FRIDAY           14.01.2004         WEDNESDAY
12.01.2004      MONDAY           15.01.2004          THURSDAY
13.01.2004      TUESDAY          16.01.2004            FRIDAY
14.01.2004      WEDNESDAY        19.01.2004            MONDAY
15.01.2004      THURSDAY         20.01.2004           TUESDAY
16.01.2004      FRIDAY           21.01.2004         WEDNESDAY
19.01.2004      MONDAY           22.01.2004          THURSDAY
20.01.2004      TUESDAY          23.01.2004            FRIDAY
21.01.2004      WEDNESDAY        26.01.2004            MONDAY
22.01.2004      WEDNESDAY        26.01.2004            MONDAY
23.01.2004      FRIDAY           28.01.2004         WEDNESDAY
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NOTES:
If any necessity arises, the Karachi Stock Exchange reserves the right to alter or vary the above dates. In case any settlement is postponed for whatsoever reasons, the same shall take place on the next working day.