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 International    2004         18.80% (R)*          -             -                  -
 Container Terminal                    28.25% (Pref)**
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Indications
-- Pakistan International -- Container Terminal Ltd - Rs 120 Million of Ordinary Shares with right issue to the existing shareholders of in the ratio of one share to every 5.32 ordinary shares held (18.80%).
-- Pakistan International -- Container Terminal Ltd - Rs 180 Million of Preference Shares with right issue to the existing shareholders of in the ratio of one preference share to every 3.54 ordinary shares held (28.25%).