Karachi Stock Exchange's Clearing Schedule for T+3 System.

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CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF
                          MARCH & APRIL 2007
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TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
30.03.2007     Friday            05.04.2007             Thursday
02.04.2007     Monday            05.04.2007             Thursday
03.04.2007     Tuesday           06.04.2007               Friday
04.04.2007     Wednesday         09.04.2007               Monday
05.04.2007     Thursday          10.04.2007              Tuesday
06.04.2007     Friday            11.04.2007            Wednesday
09.04.2007     Monday            12.04.2007             Thursday
10.04.2007     Tuesday           13.04.2007               Friday
11.04.2007     Wednesday         16.04.2007               Monday
12.04.2007     Thursday          17.04.2007              Tuesday
13.04.2007     Friday            18.04.2007            Wednesday
16.04.2007     Monday            19.04.2007             Thursday
17.04.2007     Tuesday           20.04.2007               Friday
18.04.2007     Wednesday         23.04.2007               Monday
19.04.2007     Thursday          24.04.2007              Tuesday
20.04.2007     Friday            25.04.2007            Wednesday
23.04.2007     Monday            26.04.2007             Thursday
24.04.2007     Tuesday           27.04.2007               Friday
25.04.2007     Wednesday         30.04.2007               Monday
26.04.2007     Thursday          02.05.2007            Wednesday
27.04.2007     Friday            03.05.2007             Thursday
30.04.2007     Monday            04.05.2007               Friday
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NOTES:
1).Holiday: Labour Day 01.05.2007 (Tuesday).
2).If any necessity arises, the Karachi Stock Exchange reserves the right to alter or vary the above dates. In case any settlement is postponed for whatsoever reasons, the same shall take place on the next working day.