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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Pakistan State Oil Co Ltd   *   30.06.2006    180% (F)     7,524.701     21.09.2006    12.09.2006 to
                                                                                          21.09.2006
Meezan Bank Limited **          30.06.2006    10%(B)(i)      317.398         -                     -
                                              50% (R)
First Allied Bank Modaraba          -         -                    -         -          25.08.2006 x
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INDICATIONS:
-- Annual Accounts
-- Half Yearly Accounts
(F) Final Dividend
(B)(i) Interim Bonus
(R) Meezan Bank Limited - Meezan Bank Limited = Right Issue at par subject to relaxation by the SECP from the requirements of Rule 5(i) of the Companies (Issue of Capital) Rules, 1996. The right shares will not be applicable on Bonus shares declared simultaneously.
-- First Allied Bank Modaraba - Final Book Closure to determine the names of certificate holders entitled to receive the Ordinary shares of Allied Bank Limited in accordance with the Scheme of Arrangement approved by the Hon'able Lahore High Court, Lahore. The swap ratio is 0.24:1 ie =100= certificates of First Allied Bank Modaraba for =24= ordinary shares of Allied Bank Limited.