PPI Original Text (PPI-OT) – First Islamic Modaraba’s Non-Holding of Annual Review Meeting & Other Default (s) Under Listing Regulation No. 30 (1) of The Karachi Stock Exchange (Guarantee) Limited

Karachi, May 15, 2012 (PPI-OT): We are in receipt of your letter KSE/Gen-835 Dated, 10th February 2012 on the captioned Subject.

In this connection we would like to inform you that the principal company of First Islamic Modaraba (FISM) is Islamic Investment Bank Ltd and this bank has gone Under liquidation as par the court order dated 18-5-2009 of honorable Peshawar

High court Photo copies of which is enclosed.

Official Liquidator has been appointed and he is looking after the affairs of Islamic Investment Bank Ltd as well as First Islamic Modaraba, in this circumstance annul Review meeting can not be hold this is for your kind information and record.

For more information, Contact:
Barrister Syed Mudassar Ameer
Official Liquidator
First Islamic Modaraba
M02, M04, Mezzanine Floor,
Progressive Plaza, Beaumont Road,
Karachi (Pakistan)
Tel: 5675302, 5675391-93
Fax: (92-21) 5675394 & 5675398
E-mail: fimkhi@hotmail.com