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

================================================================
CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF
              SEPTEMBER & OCTOBER 2007
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
24.09.2007     Monday            26.09.2007            Wednesday
25.09.2007     Tuesday           27.09.2007             Thursday
26.09.2007     Wednesday         28.09.2007               Friday
27.09.2007     Thursday          01.10.2007               Monday
28.09.2007     Friday            02.10.2007              Tuesday
================================================================

NOTES:
1) Subject to appearance of Moon.
Holidays:
Shab-e-Qadar 27th Ramazan-ul-Mubarak 10.10.2007 (Wednesday).
Jummah-Tul-Wida 12.10.2007 (Friday).
Eid-ul-Fitar=1st, 2nd & 3rd Shawwal
13.10.2007, 14.10.2004 & 15.10.2007 (OR) 14.10.2007, 15.10.2007 & 16.10.2007
2) Open market CFS session will not be available on 09 October, 2007 (Tuesday) and 16 October, 2007 (Tuesday).
3) 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.