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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Pakistan Oilfields                 -        -               -    25.11.2004      19.11.2004 to
                                                                      (EOGM)*       25.11.2004
First Fidelity Leasing Modaraba    -        -               -             -       01.12.2004**
 (TFC) Saudi Pak  Leasing          -        -               -             -      18.11.2004 to
                                                                                  01.12.2004 x
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Indications
-- Pakistan Oilfields Limited -- Please refer our notice No KSE/N-6069 dated November 04, 2004, for details.
-- First Fidelity Leasing Modaraba -- Book Closure for the purpose of Amalgamation of Fidelity Securities (Private) Limited and First Hajveri Modaraba with and into First Fidelity Leasing Modaraba. For details please refer our notice No KSE/N-6075 dated November 4, 2004.
-- (TFC) Saudi Pak Leasing Co Ltd - Book Closure for the purpose of the entitlement of 5th Redemption value.