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

================================================================
CLEARING SCHEDULE FOR T+2 SYSTEM
FOR THE MONTHS OF JULY & AUGUST 2008
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
22.07.2008     Tuesday           24.07.2008             Thursday
23.07.2008     Wednesday         25.07.2008               Friday
24.07.2008     Thursday          28.07.2008               Monday
25.07.2008     Friday            29.07.2008              Tuesday
28.07.2008     Monday            30.07.2008            Wednesday
29.07.2008     Tuesday           31.07.2008             Thursday
30.07.2008     Wednesday         01.08.2008               Friday
31.07.2008     Thursday          04.08.2008               Monday
01.08.2008     Friday            05.08.2008              Tuesday
04.08.2008     Monday            06.08.2008            Wednesday
05.08.2008     Tuesday           07.08.2008             Thursday
06.08.2008     Wednesday         08.08.2008               Friday
07.08.2008     Thursday          11.08.2008               Monday
08.08.2008     Friday            12.08.2008              Tuesday
11.08.2008     Monday            13.08.2008            Wednesday
12.08.2008     Tuesday           15.08.2008               Friday
13.08.2008     Wednesday         18.08.2008               Monday
15.08.2008     Friday            19.08.2008               Tuesay
18.08.2008     Monday            20.08.2008            Wednesday
19.08.2008     Tuesday           21.08.2008             Thursday
20.08.2008     Wednesday         22.08.2008               Friday
21.08.2008     Thursday          25.08.2008               Monday
22.08.2008     Friday            26.08.2008              Tuesday
25.08.2008     Monday            27.08.2008            Wednesday
26.08.2008     Tuesday           28.08.2008             Thursday
27.08.2008     Wednesday         29.08.2008               Friday
28.08.2008     Thursday          01.09.2008               Monday
29.08.2008     Friday            02.09.2008              Tuesday
================================================================

NOTES:
1) 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.
2) HOLIDAY = (Thursday 14th August, 2008) Independence Day.
Note: Karachi Stock Exchange's announcement wsa not received on Monday.