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

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CLEARING SCHEDULE FOR T+3 SYSTEM JUNE 2004
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TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY           DATE                        DAY
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11.06.2004      FRIDAY           16.06.2004         WEDNESDAY
14.06.2004      MONDAY           17.06.2004          THURSDAY
15.06.2004      TUESDAY          18.06.2004            FRIDAY
16.06.2004      WEDNESDAY        21.06.2004            MONDAY
17.06.2004      THURSDAY         22.06.2004           TUESDAY
18.06.2004      FRIDAY           23.06.2004         WEDNESDAY
21.06.2004      MONDAY           24.06.2004          THURSDAY
22.06.2004      TUESDAY          25.06.2004            FRIDAY
23.06.2004      WEDNESDAY        28.06.2004            MONDAY
24.06.2004      THURSDAY         29.06.2004           TUESDAY
25.06.2004      FRIDAY           30.06.2004         WEDNESDAY
28.06.2004*     MONDAY           02.07.2004            FRIDAY
29.06.2004      TUESDAY             -                       -
30.06.2004      WEDNESDAY        05.07.2004            MONDAY
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NOTES:
(1) *COT Release and open market COT Session will not be available on June 28, 2004.
(2) Bank Holiday = July 01, 2004 (Thursday).
(3) 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.