NATIONAL SECURITIES CLEARING CORPORATION LTD.

Download Ref. No: NSE/CMPT/7013

Ref. No: NSCCL/SEC/2005/1081 Date: December 29, 2005

To

All Members & Custodians,

Sub: International Holidays for confirmation of institutional trades

This is further to our circular download reference no. NSE/CMPT/6653 dated September 16, 2005 regarding Discontinuation of Hand Delivery Bargains/Delivery Versus Payment (DVP). Trading Members and Custodians are requested to note the following international holidays on which custodial rejections indicated by rejection code ‘2’ would not attract margins and penalties.

1. Monday, January 2, 2006
2. Monday, January 16, 2006
3. Wednesday, February 1, 2006
4. Monday, February 20, 2006
5. Monday, May 29, 2006
6. Tuesday, July 4, 2006
7. Tuesday, August 29, 2006
8. Monday, September 4, 2006
9. Monday, October 9, 2006
10. Thursday, November 2, 2006
11. Thursday, November 23, 2006

Please note that these holidays shall be applicable for the custodian confirmation day i.e T+1 day.

For National Securities Clearing Corporation Ltd.

Rana Usman

Manager