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

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                 CLEARING SCHEDULE FOR T+2 SYSTEM
          FOR THE MONTH OF DECEMBER 2011 AND JANUARY 2012
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TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY                 DATE                     DAY
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21.12.2011      Wednesday        23.12.2011               Friday
22.12.2011      Thursday         26.12.2011               Monday
23.12.2011      Friday           27.12.2011              Tuesday
26.12.2011      Monday           28.12.2011            Wednesday
27.12.2011      Tuesday          29.12.2011             Thursday
28.12.2011      Wednesday        30.12.2011               Friday
29.12.2011      Thursday         02.01.2012               Monday
30.12.2011      Friday           03.01.2012              Tuesday
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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.