Karachi Stock Exchange's Clearing Schedule for T+2 System.

================================================================
CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF
                      MARCH & APRAIL 2008
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
28.03.2008     Friday            01.04.2008              Tuesday
31.03.2008     Monday            02.04.2008            Wednesday
01.04.2008     Tuesday           03.04.2008             Thursday
02.04.2008     Wednesday         04.04.2008               Friday
03.04.2008     Thursday          07.04.2008               Monday
04.04.2008     Friday            08.04.2008              Tuesday
07.04.2008     Monday            09.04.2008            Wednesday
08.04.2008     Tuesday           10.04.2008             Thursday
09.04.2008     Wednesday         11.04.2008               Friday
10.04.2008     Thursday          14.04.2008               Monday
11.04.2008     Friday            15.04.2008              Tuesday
14.04.2008     Monday            16.04.2008            Wednesday
15.04.2008     Tuesday           17.04.2008             Thursday
16.04.2008     Wednesday         18.04.2008               Friday
17.04.2008     Thursday          21.04.2008               Monday
18.04.2008     Friday            22.04.2008              Tuesday
21.04.2008     Monday            23.04.2008            Wednesday
22.04.2008     Tuesday           24.04.2008             Thursday
23.04.2008     Wednesday         25.04.2008               Friday
24.04.2008     Thursday          28.04.2008               Monday
25.04.2008     Friday            29.04.2008              Tuesday
28.04.2008     Monday            30.04.2008            Wednesday
29.04.2008     Tuesday           02.05.2008               Friday
30.04.2008     Wednesday         05.05.2008               Monday
================================================================

NOTES:
1) Labour Day 1st May, 2008 (Thursday)
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.