Board Meetings of Companies listed on the Karachi Stock Exchange.

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Company                       SCHEDULED ON      TIME      PLACE                        TO CONSIDER
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Reliance Insurance Co Ltd     25.03.2004      11:30 am    S.M.C.H.S                Annual Accounts
                              Thursday                    Karachi             for the period ended
                                                                              31st December, 2003/
                                                                                declaration of any
                                                                             entitlement/any other
                                                                                  corporate action
Habib Insurance Co Ltd        25.03.2004      12:00 Noon  Corporate Office         Annual Accounts
                              Thursday                    Karachi               for the year ended
                                                                                 December 31, 2003
Muslim Insurance Co Ltd       25.03.2004      11:00 am    Corporate Office         Annual Accounts
                              Thursday                    Karachi             for the period ended
                                                                                 December 31, 2003
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