NOTICE OF THE FIFTEENTH  ANNUAL GENERAL MEETING

Notice is hereby given that the Fifteenth Annual General Meeting of Security Investment Bank Limited will be held at the Registered Office of the company located at Flat # 4, 3^rd Floor, Al-Babar Centre, Main Markaz, F-8, Islamabad, on Monday, 24^th April  2006  at  11 : 00 a.m. to transact the following business :

ORDINARY BUSINESS :

1.      To confirm the minutes of Fourteenth Annual General Meeting held on April 25, 2005.

2.      To receive and adopt the Audited Accounts of the company for the year ended December 31, 2005 together with the Directors’ and Auditors’ report thereon.

3.      To approve the payment of cash dividend @10% i.e. Rs. 1/- per share and issuance of Bonus Shares @15% i.e. 1.5 shares for every ten shares held, as recommended by the Board of Directors, for the year ended December 31, 2005.

4.      To appoint the Auditors and fix their remunerations for the year ending on December 31, 2006. The present auditors M/s. Muniff Ziauddin & Co. Chartered Accountants retire and being eligible, offer themselves for re-appointment.

ANY OTHER BUSINESS

5.      To transact such other business as may be placed before the meeting with the permission of the Chair.

BOOK CLOSURE

The Share transfer Books of the company will remain closed from  17^th day of April, 2006 to 24^th  day of April, 2006 (both days inclusive). Transfer received in order at the office of the Shares Registrar of the company by the close of business on  15^th day April, 2006  will be treated in time.

By order of the Board

MOHAMMAD AMIN KHATRI

Company Secretary

Islamabad.

Date : April 03, 2006

NOTES :

1)      A member entitled to attend and vote at this meeting is entitled to appoint a proxy to attend and vote on his/her behalf. Proxies in order to be effective must be received at the Registered Office of the company duly stamped and signed not less than 48 hours before the meeting.

2)      Members  are requested to promptly communicate to the company any change in their addresses. 

3)      Account holders and sub-account holders holding book entry securities of the company in the Central Depository System of Central Depository Company of Pakistan Limited who wish to attend the Annual General Meeting are requested to please bring their original National Identity Card with copies thereof duly attested by their bankers for identification purpose.