FIRST FIDELITY LEASING MODARABA

The First Fidelity Leasing Modaraba is a perpetual, multipurpose and multi-dimensional Modaraba incorporated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. It is managed by Fidelity Capital Management Company (Pvt.) Ltd. Registered office of the Modaraba is situated in Ground Floor 90,A-1 Canal Bank Gulberg-II, Lahore. It is listed on all Stock Exchanges in Pakistan. The Modaraba is providing Islamic solutions to your credit needs since December 05, 1991. Modaraba has paid up capital and reserves of Rs. 351.545 millions (as on 30th June, 2008). Key operating data for since beginning of this century is as under:

(Rs. in millions)

	June 2008	June 2007	June 2006	June 2005	June 2004	June 2003
Operating Results
Revenues	118.95	82.61	130.86	142.91	129.95	135.31
Profit after management fee and taxation	41.68	33.21	27.83	24.01	25.35	31.72
Fiscal Position
Fixed assets	181.43	158.93	221.39	244.06	258.40	222.28
Total assets	494.24	516.76	577.43	662.07	588.02	438.81
Certificate holders equity	351.54	348.72	315.94	313.41	318.04	253.97
Paid up capital	264.13	264.13	264.13	264.13	206.33	206.33
Earning per certificate	1.58	1.26	1.05	0.91	0.89	1.540
Profit distribution (%)	10.00	10	10	10	10	10
value per certificate	13.31	13.20	12	11.86	12.14	12.30