BIDDING FOR JAVEDAN CEMENT LIMITED (JCL) ON SEPTEMBER 14

Islamabad, September 13, 2005

The Privatisation Commission is all set to hold bidding for the sale of 96.34 % shares of Javedan Cement Limited (JCL) as per schedule on September 14, 2005 (Wednesday) in the Conference Room of Privatisation Commission under the chairmanship of Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation & Investment at 1230 hrs at Islamabad.

A pre-bid meeting was organised on September 3, 2005 to create better understanding of the transaction and the bidding process and to respond to the queries of the potential buyers. The status of various relevant legal cases was also conveyed to the participants.

The Privatisation Commission has also scheduled the bidding for Mustehkam Cement Limited and Bolan Textile Mills Machinery on Thursday September 15, 2005.