Karachi Stock Exchange's Clearing Schedule for T+3 System. ============================================================= CLEARING SCHEDULE FOR T+3 SYSTEM JAN & Feb 2005 ============================================================= TRANSACTION TRANSACTION SETTLEMENT SETTLEMENT DATE DAY DATE DAY ============================================================= 28.01.2005 Friday 02.02.2005 Wednesday 31.01.2005 Monday 03.02.2005

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Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges. =============================================================================================== Dividend/ Name of companies Book Closures AGM Commencement Bonus/Right From To of spot (Percentage)

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EFU Capital Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 110.34 Bid Price 104.82 ============================= Copyright Business Recorder, 2005

EFU Capital Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 110.34 Bid Price 104.82 ============================= Copyright Business Recorder, 2005

EFU Capital Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 110.34 Bid Price 104.82 ============================= Copyright Business Recorder, 2005

EFU Pension Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 105.77 Bid price 100.48 ============================= Copyright Business Recorder, 2005

EFU Pension Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 105.77 Bid price 100.48 ============================= Copyright Business Recorder, 2005

EFU Pension Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 105.77 Bid price 100.48 ============================= Copyright Business Recorder, 2005

EFU Managed Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 455.69 Bid price 432.91 ============================= Copyright Business Recorder, 2005

EFU Managed Growth Fund Rates on Tuesday (February 01, 2005). ============================= Offer price 455.69 Bid price 432.91 ============================= Copyright Business Recorder, 2005