20000323

ISHAQ TEXTILE MILLS LIMITED

ELECTION OF DIRECTORS

MEMBERS ARE HEREBY NOTIFIED THAT PURSUANT TO SECTION 178(4) OF THE COMPANIES ORDINANCE, 1984 THE FOLLOWING PERSONS HAVE FILED WITH THE COMPANY THE NOTICES OF THEIR INTENTION TO OFFER THEMSELVES FOR ELECTION AS DIRECT0RS AT THE ANNUAL GENERAL MEETING OF THE COMPANY TO BE HELD ON MARCH 31, 2000.

1. MR MUHAMMED ARSHAD 2. MR NISAR AHMED SHEIKH

3. MR MUHAMMED SAEED SHEIKH 4. MR AMJAD SAEED

5. MR MUHAMMED ANWER SAJJAD 6. MR SHAHZAD AHMED SHEIKH

THE XCOMPANY HAVE ALSO RECEIVED THE NOMINATION FROM MR HASAN MAHMOOD AS NOMINEE OF N.I.T. THE BOARD OF DIRECTORS HAS FIXED THE NUMBER OF ELECTED DIRECTORS AT SEVEN UNDER SECTION 178(1) OF THE COMPSANMIES ORDINANCE, 1984.

BY ORDER OF THE BOARD

MIAN MUHAMMED TARIQ

COMPANY SECRETARY

KARACHI

DATED: MARCH 22ND, 2000