Board Meetings of Companies listed on the Karachi Stock Exchange.

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Company                    SCHEDULED ON    TIME        PLACE                            TO CONSIDER
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Mirza Sugar Mills Limited  19.07.2005      10:30 am    Karachi               3rd Quarterly Accounts
                           Tuesday                                             for the period ended
                                                                                      June 30, 2005
Pangrio Sugar              19.07.2005      12:00       Karachi               3rd Quarterly Accounts
 Mills Limited             Tuesday         Noon                                for the period ended
                                                                                      June 30, 2005
Rafhan Bestfoods Limited   27.07.2005      2:30 pm     Karachi           Such proposals and actions
                           Wednesday                                   as may be deemed appropriate
                           Revised                                   based on the financial results
                                                                            for the 1st half ending
                                                                                      30 June, 2005
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