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. 326.70 millions (as on 30th June, 2009). Key operating data for since beginning of this century is as under:

(Rs. in millions)

	June 2009	June 2008	June 2007	June 2006	June 2005	June 2004
Operating Results
Revenues	71.45	118.95	82.61	130.86	142.91	129.95
Profit / (loss) after management fee and taxation	(2.58)	41.68	33.21	27.83	24.01	25.35
Fiscal Position
Fixed assets	105.77	181.43	158.93	221.39	244.06	258.40
Total assets	457.75	494.24	516.76	577.43	662.07	588.02
Certificate holders equity	326.70	351.54	348.72	315.94	313.41	318.04
Paid up capital	264.13	264.13	264.13	264.13	264.13	206.33
(Loss)/earning per certificate	(0.09)	1.58	1.26	1.05	0.91	0.89
Profit distribution (%)	Nil	10.00	10	10	10	10
value per certificate	12.37	13.31	13.20	12	11.86	12.14