Dividend/Bonus announcements by the 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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KASB Liquid Fund *            06.30.2006      09.8% (B) x       -             -                    -
Shell Pakistan Limited        06.30.2006      -                 -         10.05.2006   21.09.2006 to
                                                                          10:00 am        05.10.2006
Pakistan Papersack Corp           -           -                 -             -        04.08.2006 to
                                                                                       10.08.2006 **
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INDICATIONS:
-- KASB Liquid Fund - Rs 1.40 per unit as bonus which translates to an annualised distribution of 9.8% for the period from 9.5.2006 to 30.6.2006.
-- Financial Results for the period from May 9, 2006 to June 30, 2006.
-- Book Closure for the purpose of facilitating the determinations of the identities of the Pakistan Papersack Corporation Limited Qualifying Shareholders and their respecitve entitlements to the shares of Thal Limited under and in accordance with the Scheme of Arrangement.