NATIONAL SECURITIES CLEARING CORPORATION LTD.

Download Ref. No: NSE/CMPT/8290

Ref. No: NSCCL/SEC/2006/852 Date: December 28, 2006

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 15, 2007

2. Thursday, February 1, 2007

3. Monday, February 19, 2007

4. Monday , May 28, 2007

5. Wednesday, July 4, 2007

6. Monday , September 3, 2007

7. Monday October 8, 2007

8. Friday, November 2, 2007

9. Thursday, November 22, 2007

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