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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Standard Chartered
 Modaraba                 30.06.2004        25%        114.017               -   20.09.2004 to
                                                                                    26.09.2004
Pakistan Petroleum
 Limited                  30.06.2004        25%(F)+   6617.399      28.10.2004   19.10.2004 to
                                                                      10:00 am      28.10.2004
The Bank of Punjab        30.06.2004        20%(B)x    887.945**             -               -
Pakistan International
 Airlines Corporation     30.06.2004         -        1399.863**             -               -
Crescent Commercial
 Bank Limited             30.06.2004         -        (118.340)**            -               -
Reliance Insurance        30.06.2004         -           7.563**             -               -
Askari General Ins        30.06.2004         -          11.475**             -               -
Adamjee Insurance         30.06.2004         -         177.278**             -               -
EFU Life Assurance        30.06.2004         -          44.839**             -               -
EFU General Ins           30.06.2004         -         119.827**             -               -
New Jubilee Life          30.06.2004         -         (25.445)**            -               -
Crescent Star Ins         30.06.2004         -               -               -               -
Universal Insurance       30.06.2004         -               -               -               -
Int Multi Leasing         30.06.2004         -               -      18.09.2004   10.09.2004 to
                                                                      10:00 am      18.09.2004
(TFC) WorldCALL
 Communications                    -         -               -               -   16.09.2004 to
                                                                                  29.09.2004xx
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Indications
-- Pakistan Petroleum Limited
-- Final cash dividend for the year ended 30 June, 2004 at Rs 2.5 per share ie 25% on ordinary shares and Rs 1 per share ie.
-- 10% on convertible preference shares. This is in addition to interim dividend already paid at Rs 2 per share ie 20% on ordinary and convertible preference shares.
-- Under the Company's Articles of Association the Convertible Preference Share holders shall have a right to a dividend ranking pari passu with the level of dividend payable to ordinary shareholders subject to a maximum rate of 30% per annum.
-- The Bank of Punjab
-- Board of Directors has been recommended to issue Bonus Shares in the proportion of 20 shares for every 100 shares held ie 20%
-- Pakistan International
-- Airlines Corporation
-- Earning per share
-- 'A' class ordinary shares of Rs 10 each - Rs 1.22
-- 'B' class ordinary shares of Rs 5 each - Rs 0.61
-- (TFC) WorldCALL Communications
-- Book Closure for the purpose for determination of 4th profit payable semi annually in arrears on the outstanding principal amount.
-- Accounts for the half year ended - 30.06.2004.