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

================================================================
CLEARING SCHEDULE FOR T+2 SYSTEM
FOR THE MONTH OF JULY AND AUGUST 2011
================================================================
TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY                 DATE                     DAY
================================================================
07.07.2011     Thursday          11.07.2011               Monday
08.07.2011     Friday            12.07.2011              Tuesday
11.07.2011     Monday            13.07.2011            Wednesday
12.07.2011     Tuesday           14.07.2011             Thursday
13.07.2011     Wednesday         15.07.2011               Friday
14.07.2011     Thursday          18.07.2011               Monday
15.07.2011     Friday            19.07.2011              Tuesday
18.07.2011     Monday            20.07.2011            Wednesday
19.07.2011     Tuesday           21.07.2011             Thursday
20.07.2011     Wednesday         22.07.2011               Friday
21.07.2011     Thursday          25.07.2011               Monday
22.07.2011     Friday            26.07.2011              Tuesday
25.07.2011     Monday            27.07.2011            Wednesday
26.07.2011     Tuesday           28.07.2011             Thursday
27.07.2011     Wednesday         29.07.2011               Friday
28.07.2011     Thursday              -                         -
29.07.2011     Friday            03.08.2011            Wednesday
================================================================

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) Holidays:
(i) 1st Ramazan August 01, 2011 OR August 02, 2011