The Karachi Stock Exchange (Guarantee) Limited’s acquisition of shares of Asian Stock Fund Limited

Karachi: Enclosed please find herewith copy of a letter dated May 16, 2011 received from Firozuddin A. Cassim and Durain F. Cassim on the subject.

We shall appreciate, if you please let us know the aggregate shareholding pursuant to acquisition of 7,000,000 shares and 7,048,000 of your Fund by Firozuddin A. Cassim and Durain F. Cassim respectively.

We would like to inform you that we acquired shares of ASFL on May 12 2011. The acquisition and subsequent shareholding is shown below:

Acquirer

Shares bought off market at Rs. 4.60Total shares 

now held

% of Capital
Ferozuddin A. Cassim 

CNIC Number: 42301-9932170-3

Address: 26-28, Karachi Stock

Exchange Building, Stock

Exchange Road, Karachi

7,000,00018,058,98320.066
Durain F. Cassim 

CNIC Number: 42301-0747835-0

Address: 26-28, Karachi Stock

Exchange Building, Stock

Exchange Road, Karachi

7,048,00018,039,50020.044
Total14,048,00036,098,48340.110

This is with reference to your letter reference KSE/C-962-3074 dated May 17, 2011 regarding the captioned subject, received through fax in this office on June 02, 2011.

The latest shareholding pattern available to the Company was for May 1, 2011. On receipt of your letter, we requested CDC for an updated shareholding list and this was received today.

According to the shareholding list as on May 16, 2011, Ferozuddin A. Cassim and Durain F. Cassim have 18,058,983 and 18,039,500 shares respectively in Asian Stocks Fund Limited.

For more information, contact:
Muhammad Ghufran
Deputy General Manager – Companies Affairs
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk