Dividend/Bonus Announcements by 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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Meezan Bank Ltd          31.12.2003    5%       213.813      30.03.2004      22.03.2004 to
                                       10% (B)               11:00 am           30.03.2004
Raja Insurance           31.12.2003    Nil         -            -                        -
First Pak Modaraba       31.12.2003    -         (0.106)*       -                        -
The Hub Power Co         30.06.2004    16% (i)     -            -            05.04.2004 to
                                                                                16.04.2004
NDLC-IFIC Bank           -             -           -         31.03.2004      25.03.2004 to
                                                             9:00 am            31.03.2004
NDLC-IFIC Bank           -             -           -         31.03.2004                  -
Masood Textile              -          -           -         31.03.2004      25.03.2004 to
                                                            (EOGM)**            01.04.2004
Shadab Textile              -          -                     27.03.2004      25.03.2004 to
                                                            (EOGM)**            31.03.2004
(TFC) Orix Leasing          -          -           -           -             25.03.2004 to
 Pakistan Limited                                                              07.04.2004x
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Indications
(i)= Interim Dividend
(B) = Bonus shares
-- Accounts for the half year ended -31.12.2003.
-- EOGM to be held for the purpose of Election of Directors.
-- NDLC-IFIC Bank Limited - Statutory Meeting.
-- (TFC) Orix Leasing Pakistan Ltd
Source: Business Recorder
Dated: March 04, 2004
-- Book Closure for the purpose of the entitlement for 6th profit/redemption value. The 6th Coupon of First TFCs issue of the Company will be treated as cancelled after this redemption.