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

================================================================
CLEARING SCHEDULE FOR T+2 SYSTEM
FOR THE MONTHS OF DECEMBER 2008 & JANUARY 2009
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
================================================================
18.12.2008     Thursday          22.12.2008               Monday
19.12.2008     Friday            23.12.2008              Tuesday
22.12.2008     Monday            24.12.2008             Wednesdy
23.12.2008     Tuesday           26.12.2008               Friday
24.12.2008     Wednesday         29.12.2008               Monday
26.12.2008     Friday            30.12.2008              Tuesday
29.12.2008     Monday            31.12.2008            Wednesday
30.12.2008     Tuesday           01.01.2009             Thursday
31.12.2008     Wednesday         02.01.2009               Friday
================================================================

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:
BIRTHDAY OF QUAID-E-AZAM & CHRISTMAS - 25.12.2008 (Thursday)
Bank Holiday 1st January 2009 (Thursday).