20000309

CHENAB FIBRES LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that 10th Annual General Meeting of the shareholders of CHENAB FIBRES LIMITED will be heldat 11.00 A.M. on Thursday, the 30th March, 2000 at the Registered Office of the Company at Nishatabad, Faisalabad to transact the following business:-

A. ORDINARY BUSINESS

1. To confirm the minutes of the last meeting.

2. To receive consider and adopt the Audited Accounts of the Company for the year ended September 30, 1999 together with Directors and Auditors Reports thereon.

3. To approve cash dividend @ 10% (Rs. 1 per share) o the ordinaryshare capital of the company as recommended by the Board of Directors, except shareholding of the Directors and their relatives/friends.

4. To appoint auditorsand fix their remuneration for the year 1999-2000. Ther retiring Auditors, M/s. M. Yousuf Adil Saleem & Company, Chartered Accountants, beinbg eligible, offer themselves for re-appointment.

5. To elect 9 Directos of the Company in accordance with the provisions of Section 178 of the Companies Ordinance 1984 for a term of 3 years commencing from March 30, 2000. The number of Directors of the Company to be elected, as fixed by the Board of Directors in their meeting held on 23rd February, 2000 is nine.

The following are the names of the retiring Directors:-

i. Haji Mohammad Saleem ii. Main Mohammad Latif

iii. Mian Mohammad Javed iv. Mr. mohammad Naeem

v. Mr. Mohammad Faisal Latif vi. Mst. Sughran Begum

vii. Mst. Shahnaz Latif viii. Mr. Mohammad Naeem

Khalid (Nominee (ICP)

6. Any othe matter with the permission of the Chair.

By order of the Board

Faisalabad

08th March, 2000 (COMPANY SECRETARY)

NOTES

1. Any person who seeks to contest elections to the office of Director of the Company shall file with the Company at its Registered office, a notice of his/her intention to offer himself/herself for election not later than 14 days before the date of the Annual General Meeting.

2. Share Transfer Books of the Company will remain closed from 24th, March, 2000 to 30th March (both days inclusive).

3. The member eligible to attend and vote at this meeting may appoint another member as his/her proxy to attend and vote instead of him/her. Proxies in order to be effective must reach the Company's Registered Office duly signed, stamped and witrhnessed not later than 48 hours before the time of holding the meeting.

4. The shareholders who are no liable to pay Zakat at source, are requested to sendtheir declarations and affidavits for claiming exeption from Zakat under akat & Ushr Ordinance, 1980.

5. Shareholders are requested to notify immediately the change in their addresses, if any.