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

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CLEARING SCHEDULE FOR T+3 SYSTEM JULY 2004
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TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY           DATE                        DAY
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15.07.2004      THURSDAY         20.07.2004           TUESDAY
16.07.2004      FRIDAY           21.07.2004         WEDNESDAY
19.07.2004      MONDAY           22.07.2004          THURSDAY
20.07.2004      TUESDAY          23.07.2004            FRIDAY
21.07.2004      WEDNESDAY        26.07.2004            MONDAY
22.07.2004      THURSDAY         27.07.2004           TUESDAY
23.07.2004      FRIDAY           28.07.2004         WEDNESDAY
26.07.2004      MONDAY           29.07.2004          THURSDAY
27.07.2004      TUESDAY          30.07.2004            FRIDAY
28.07.2004      WEDNESDAY        02.08.2004            MONDAY
29.07.2004      THURSDAY         03.08.2004           TUESDAY
30.07.2004      FRIDAY           04.08.2004         WEDNESDAY
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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.