NATIONAL SECURITIES CLEARING CORPORATION LTD.

Download Ref. No: NSE/CMPT/9988

Ref. No: NSCCL/SEC/2007/665 Date: December 28, 2007

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. Tuesday, January 1, 2008
2. Monday, January 21, 2008
3. Friday, February 1, 2008
4. Thursday, February 7, 2008
5. Monday, February 18, 2008
6. Monday , May 26, 2008
7. Friday, July 4, 2008
8. Monday , September 1, 2008
9. Monday October 13, 2008
10. Thursday, November 27, 2008

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