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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Zahur Cotton Mills         31.03.2004      -             (10.160)*       -                   -
Ashfaq Textile             -               -                -        30.06.2004  24.06.2004 to
 Mills Limited                                                      (EOGM)        30.06.2004**
Sitara Chemical            -               -                -            -       17.06.2004 to
Industries Ltd                                                                   30.06.2004***
Dewan Salman               -               -                -            -       10.06.2004 to
 Fibre Limited                                                                     22.06.2004+
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Indications
-- Zahur Cotton Mills Ltd
Source: Half Yearly Report for the period ended 31.03.2004
-- Half Yearly Accounts for 31.03.2004
-- Ashfaq Textile Mills Ltd
EOGM to be held for the purpose of Election of Directors.
-- Sitara Chemical Ind. Ltd
-- Book Closure for the purpose of the entitlement of the level-1 profit for the period from January 01, 2004 to June 30, 2004 to the Term Finance Certificate holders of the company to be distributed on July 01, 2004.
-- Dewan Salman Fibre Ltd (TFC 2nd Issue)
-- Book Closure for the purpose of identification of entitlement of Principal and Mark-up payment due on June 22, 2004.