20000305

QUETTA TEXTILE MILLS LIMITED

NOTICE OF MEETING

Notice is hereby given of the 32nd Annual General Meeting of the shareholders to be held on Friday 31st March 2000 at 8.15 a.m. at the Registered Office of the Company at Nadir House, Ground Floor, I.I. Chundrigar Road, Karachi to transact the following business.

1. To confirm the minutes of the 31st Annual General Meeting held on 31st March 1999.

2. To receive, consider and approve the Audited Accounts and Directors Report thereon for the year ended September 30, 1999.

3. To appoint Auditors for the year 1999-2000 and fix their remuneration.

4. To approve 30% Cash Dividend for the year ended 30.9.1999 as recommended by the Board of Directors.

5. Special business:

a. To add new clause No.22 in the Memorandum of Association as under:

To setup Electric Power Generation Plant and produce electricity for self use and for sale.

To pass special resolution for adopting above clause in Memorandum of Association accordingly.

b. To empower Chief Executive to complete all legal formalities in this regard.

6. To transact any other business with the permission of the chairman.

7. Statement of material facts under section 160 of the companies ordinance 1984.

Since the company has set up its own power plant, producing electric for self use and selling extra power to others, therefore clause 5(a) above is being added in the Memorandum of Association of the Company by passing Special Resolution.

By Order of the Board

MOHAMMED SOHRAB GHANI

Secretary

Karachi: March 03, 2000

1. A member entitled to attend the Annual General Meeting is entitled to appoint a proxy to attend and vote instead of him/her. Proxies in order to be valid, must be received at the registered office of the Company 48 hours before meeting commences.

2. For the purpose of entitlements of dividend the Register of the Members of the Company will remain closed at registered office from 26th March 2000 to 7th April 2000 (both days inclusive) and dividend if approved will be paid to such members whose names appear in the company's register of members as at the close of business on 25th March 2000.

3. Shareholders are required to promptly notify at registered office of the company of any change in their address.