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

================================================================
CLEARING SCHEDULE FOR T+2 SYSTEM
FOR THE MONTHS OF SEPTEMBER & OCTOBER 2008
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
10.10.2008     Friday            14.10.2008              Tuesday
13.10.2008     Monday            15.10.2008            Wednesday
14.10.2008     Tuesday           16.10.2008             Thursday
15.10.2008     Wednesday         17.10.2008               Friday
16.10.2008     Thursday          20.10.2008               Monday
17.10.2008     Friday            21.10.2008              Tuesday
20.10.2008     Monday            22.10.2008            Wednesday
21.10.2008     Tuesday           23.10.2008             Thursday
22.10.2008     Wednesday         24.10.2008               Friday
23.10.2008     Thursday          27.10.2008               Monday
24.10.2008     Friday            28.10.2008              Tuesday
27.10.2008     Monday            29.10.2008            Wednesday
28.10.2008     Tuesday           30.10.2008             Thursday
29.10.2008     Wednesday         31.10.2008               Friday
30.10.2008     Thursday          03.11.2008               Monday
31.10.2008     Friday            04.11.2008              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.