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

================================================================
CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF
                  NOVEMBER & DECEMBER 2007
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
26.11.2007     Monday            28.11.2007            Wednesday
27.11.2007     Tuesday           29.11.2007             Thursday
28.11.2007     Wednesday         30.11.2007               Friday
29.11.2007     Thursday          03.12.2007               Monday
30.11.2007     Friday            04.12.2007              Tuesday
================================================================

NOTES: 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.