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

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CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF
                            MAY & JUNE 2007
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
22.05.2007     Tuesday           25.05.2007               Friday
23.05.2007     Wednesday         28.05.2007               Monday
24.05.2007     Thursday          29.05.2007              Tuesday
25.05.2007     Friday            30.05.2007            Wednesday
28.05.2007     Monday            31.05.2007             Thursday
29.05.2007     Tuesday           01.06.2007               Friday
30.05.2007     Wednesday         04.06.2007               Monday
31.05.2007     Thursday          05.06.2007              Tuesday
01.06.2007     Friday            06.06.2007            Wednesday
04.06.2007     Monday            07.06.2007             Thursday
05.06.2007     Tuesday           08.06.2007               Friday
06.06.2007     Wednesday         11.06.2007               Monday
07.06.2007     Thursday          12.06.2007              Tuesday
08.06.2007     Friday            13.06.2007            Wednesday
11.06.2007     Monday            14.06.2007             Thursday
12.06.2007     Tuesday           15.06.2007               Friday
13.06.2007     Wednesday         18.06.2007               Monday
14.06.2007     Thursday          19.06.2007              Tuesday
15.06.2007     Friday            20.06.2007            Wednesday
18.06.2007     Monday            21.06.2007             Thursday
19.06.2007     Tuesday           22.06.2007               Friday
20.06.2007     Wednesday         25.06.2007               Monday
21.06.2007     Thursday          26.06.2007              Tuesday
22.06.2007     Friday            27.06.2007            Wednesday
25.06.2007     Monday            28.06.2007             Thursday
26.06.2007     Tuesday           29.06.2007               Friday
27.06.2007*    Wednesday)
28.06.2007     Thursday)         03.07.2007**
29.06.2007     Friday            04.07.2007            Wednesday
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NOTES:
-- Bank Holiday = July 02, 2007 (Monday).
-- COT release and open market COT session will not be available on June 27, 2007 (Wednesday)
-- 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.