Karachi: We have to inform you that Board of Directors of our Company in their meeting held on Thursday, 26th May 2011 at 4.00 p.m. recommended the following: i) CASH DIVIDEND Cash Dividend for the Half Year ended 31st March 2011 @ Re.NIL per share. Interim Dividend has already been paid at Rs. NIL per share i.e. NIL %. 2) Bonus Issue: It has also been recommended by the Board of Directors to issue Bonus Share in the proportion of NIL shares for every NIL share held i.e. NIL %. Thus Bonus Share will be entitled/not entitled for the Right Share. iii) Right Shares The Board also recommended ti issue NIL% Right Shares at par/at a perium of Rs.NIL per share in proportion of NIL shares for every NIL shares. The profit and loss Accounts for the period ended 31st March 2011 is annexed herewith.   For the half year For the Quarter October    to   March January   to    March 2011 2010 2011 2010 Sales 2,383,840 1,607,683 1,533,929 642,652 Cost of Sales (1,898,533) (1,329,971) (1,165,691) (577,095)   --------- --------- --------- -------- Gross Profit 485,307 277,712 368,238 65,557 Distribution expenses (42,397) (32,042) (31,732) (16,662) Administration expenses (55,649) (54,373) (30,358) (32,420) Other Operating Charges (23,413) (5,575) (21,553) (862)   --------- --------- --------- -------- (121,459) (91,990) (83,643) (49,944) --------- --------- --------- -------- Profit from operations 363,848 185,722 284,595 15,613 Other Operating Income 2,992 1,166 2,955 3,713   --------- --------- --------- -------- 366,840 186,888 287,550 19,326 Finance Cost (185,023) (157,064) (128,821) (104,744)   --------- --------- --------- -------- Profit / (Loss) before taxation 181,817 29,824 158,729 (85,418) Taxation (91,616) (8,251) (70,211) 18,794   --------- --------- --------- -------- Profit / (Loss) after taxation 90,201 21,573 88,518 (66,624)   --------- --------- --------- -------- Earning per share-Based and         Diluted-Rupees 4.27 1.02 4.19 -3.15 For more information, contact: M.Yasin Mughal Company Secretary Shahmurad Sugar Mills Limited 96-A, Sindhi Muslim Housing Society, Karachi-74000, Pakistan Tel: +9221 34550161-63 Fax: +9221 34556675 E-mail: alnoor@dispuls.net.pk

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