Press Release

JCR-VIS reaffirms Corporate Governance Rating of CGR-9 of Pak Oman Investment Company Limited

Karachi, November 23, 2006: JCR-VIS Credit Rating Co. Ltd. has reaffirmed the corporate governance rating of Pak Oman Investment Company Limited at CGR-9 denoting ‘very high level of corporate governance’. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest).

Corporate governance ratings are based on a composite evaluation of the level of regulatory compliance, ownership structure, composition & operations of the Board of Directors and executive management, financial transparency, self-regulation and stakeholder relations.

For further information on this rating announcement, please contact Mr. Safdar Kazi (safdar@jcrvis.com.pk /ext: 221) or Mr. Saad Ahmed Madani (saad@jcrvis.com.pk /ext: 219) at 5671822/5671833/5680996 or fax to 5681105/5671600.




Faheem Ahmad
President & CEO

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