Dates of despatch of dividend warrants and bonus share certificates.

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Company                  Year Ended/Ending  Dividend/Bonus  Dispatched on
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Fauji Fertiliser Company Limited    12/31/05    40%  Dividend     9/23/05
PICIC Investment Fund                6/30/05    20%  Dividend     9/26/05
PICIC Growth Fund                    6/30/05    35%  Dividend     9/26/05
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