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

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CLEARING SCHEDULE FOR T+3 SYSTEM MAY 2004
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TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY           DATE                        DAY
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11.05.2004      TUESDAY          14.05.2004            FRIDAY
12.05.2005      WEDNESDAY        17.05.2004            MONDAY
13.05.2004      THURSDAY         18.05.2004           TUESDAY
14.05.2004      FRIDAY           19.05.2004         WEDNESDAY
17.05.2004      MONDAY           20.05.2004          THURSDAY
18.05.2004      TUESDAY          21.05.2004            FRIDAY
19.05.2004      WEDNESDAY        24.05.2004            MONDAY
20.05.2004      THURSDAY         25.05.2004           TUESDAY
21.05.2004      FRIDAY           26.05.2004         WEDNESDAY
24.05.2004      MONDAY           27.05.2004          THURSDAY
25.05.2004      TUESDAY          28.05.2004            FRIDAY
26.05.2004      WEDNESDAY        31.05.2004            MONDAY
27.05.2004      THURSDAY         01.06.2004           TUESDAY
28.05.2004      FRIDAY           02.06.2004         WEDNESDAY
31.05.2004      MONDAY           03.06.2004          THURSDAY
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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.