Interest Rate EstimationLAHORE COMPOST (PRIVATE) LIMITEDEstimation of Interest Rate for Interest Calculation6 Months KIBOR + 4% SpreadCalculation of Growth Rate Based on Historic DataHistoric Data (Month)Average KIBOR Rate %% Increase (Monthly)Annual AverageDec-045.910.00%Jan-056.123.47%Feb-056.384.29%Mar-056.532.44%Apr-057.5715.81%May-058.9918.74%Jun-058.69-3.26%Jul-058.902.43%Aug-058.930.27%Sep-058.90-0.28%Oct-059.031.48%4.54%Compounded Annual Growth Rate (CAGR) based on monthly rate variation till Oct-054.54%Estimation of KIBOR for entire loan period using CAGRCut-off DatesBasisCAGRRate (%)6 Months KIBOR on Nov. 11, 2005Actual9.186 Months KIBOR on Nov. 11, 2006Estimation4.54%9.606 Months KIBOR on Nov. 11, 2007Estimation4.54%10.036 Months KIBOR on Nov. 11, 2008Estimation4.54%10.496 Months KIBOR on Nov. 11, 2009Estimation4.54%10.966 Months KIBOR on Nov. 11, 2010Estimation4.54%11.466 Months KIBOR on Nov. 11, 2011Estimation4.54%11.986 Months KIBOR on Nov. 11, 2012Estimation4.54%12.526 Months KIBOR on Nov. 11, 2013Estimation4.54%13.09Average KIBOR over the life of the loan (%)11.04Spread over & above the KIBOR (%)4.00Total Cost of Debt (%)15.04Rounded Off Rate of Interest (%)15.00

Historic Data 2005KIBOR (Karachi Inter Bank Offer Rates)Date1 - Month3 - Month6 - Month12 - MonthMonthly AverageDecember 1, 20045.185.465.756.28December 2, 20045.135.475.806.33December 3, 20045.215.555.886.38December 4, 20045.285.565.876.34December 6, 20044.995.485.836.37December 7, 20045.025.485.826.32December 8, 20045.015.505.876.39December 9, 20044.905.435.896.39December 10, 20045.145.545.926.40December 13, 20044.905.435.966.45December 14, 20044.925.475.996.46December 15, 20044.965.486.006.47December 16, 20044.975.466.036.51December 17, 20044.895.435.956.45December 18, 20044.895.435.926.45December 20, 20044.865.455.976.50December 21, 20044.865.425.956.42December 22, 20044.805.375.896.38December 23, 20044.775.385.946.42December 24, 20044.725.375.946.44December 27, 20044.745.325.946.47December 28, 20044.885.355.946.45December 29, 20044.905.395.956.46December 30, 20044.745.355.906.40December 31, 20044.495.245.896.425.91January 3, 20054.275.075.816.41January 4, 20054.295.115.826.45January 6, 20055.065.496.006.59January 7, 20055.585.586.076.64January 8, 20055.625.606.116.65January 10, 20055.775.686.156.70January 11, 20055.835.676.096.61January 12, 20055.855.736.126.68January 13, 20055.255.576.056.61January 14, 20055.395.556.016.60January 15, 20055.425.545.996.59January 17, 20055.275.525.996.60January 18, 20055.285.546.006.63January 19, 20055.215.465.986.58January 24, 20056.135.886.196.74January 26, 20056.416.056.376.80January 27, 20056.336.106.456.95January 28, 20056.366.116.426.89January 29, 20056.146.056.386.88January 31, 20055.675.916.336.826.12February 1, 20055.615.996.376.89February 2, 20055.605.946.406.91February 3, 20055.195.846.326.84February 4, 20054.805.786.236.82February 8, 20055.205.956.366.89February 10, 20055.005.896.396.93February 11, 20054.755.826.376.93February 14, 2005-5.796.36-February 15, 2005-5.816.406.93February 16, 20054.765.816.376.91February 18, 20054.715.846.366.88February 21, 20054.765.876.396.89February 22, 20054.815.906.416.94February 23, 20054.875.946.446.98February 24, 20054.885.946.446.96February 25, 20054.855.936.446.96February 26, 20054.515.826.386.93February 28, 2005-5.826.396.936.38March 2, 20054.585.856.446.94March 4, 20054.775.836.426.96March 7, 20055.555.966.487.00March 8, 20055.675.986.496.99March 9, 20055.675.996.527.01March 10, 20055.645.976.476.98March 11, 20055.505.946.486.98March 14, 20054.545.786.406.97March 16, 20054.915.856.446.98March 17, 20055.165.926.497.01March 18, 20055.235.946.517.01March 24, 20055.576.056.597.01March 25, 20055.616.056.597.05March 28, 20055.076.006.647.08March 29, 20055.116.016.687.12March 30, 20055.136.066.677.10March 31, 20055.396.086.787.186.53April 1, 20055.356.036.747.12April 4, 20055.236.006.717.11April 6, 20054.875.956.747.15April 7, 20054.965.906.747.15April 9, 20054.785.906.747.16April 11, 20055.036.036.837.29April 12, 20055.256.507.317.92April 13, 20055.596.487.307.91April 14, 20057.107.327.808.43April 15, 20056.947.317.848.47April 16, 20056.657.267.848.45April 18, 20056.457.187.848.52April 19, 20056.507.227.878.53April 20, 20056.527.277.898.56April 21, 20056.537.267.868.52April 23, 20056.367.217.838.51April 25, 20056.357.217.868.60April 26, 20056.557.357.978.65April 27, 20056.507.368.078.73April 28, 20056.567.458.168.85April 29, 20056.637.508.258.96April 30, 20056.837.558.309.037.57May 2, 20057.217.688.469.16May 3, 20056.807.608.449.14May 5, 20056.887.748.549.34May 6, 20057.297.798.599.48May 7, 20057.237.808.619.48May 9, 20057.357.848.629.47May 10, 20057.347.868.649.49May 11, 20057.167.848.679.49May 13, 20058.508.569.139.87May 14, 20058.738.819.33-May 16, 20058.728.919.3510.04May 17, 20058.558.889.35-May 18, 20058.038.819.32-May 19, 20058.018.849.33-May 20, 20057.798.869.3510.05May 23, 20057.618.799.2610.01May 24, 20057.748.859.2710.04May 25, 20057.698.819.2710.05May 26, 20057.558.689.159.93May 27, 20057.358.539.109.87May 28, 20057.398.519.099.85May 30, 20057.018.328.979.79May 31, 20056.678.158.849.688.99June 1, 20056.868.058.869.70June 2, 2005-8.038.769.64June 4, 20056.557.918.589.54June 6, 20056.567.858.539.55June 8, 20057.227.948.589.51June 9, 20057.968.238.829.62June 10, 20057.368.048.669.38June 11, 20057.258.058.689.50June 13, 20057.308.028.699.51June 15, 20057.608.098.709.50June 16, 20057.958.158.699.50June 17, 20058.018.188.679.50June 18, 20058.008.198.669.47June 20, 20058.068.178.659.36June 21, 20058.008.218.659.42June 22, 20058.128.258.669.43June 23, 20058.348.318.669.39June 24, 20058.438.348.709.39June 27, 20058.458.378.769.44June 28, 20058.448.368.809.43June 29, 20058.468.378.779.43June 30, 20058.218.258.719.338.69July 2, 20057.928.228.649.29July 4, 20058.148.288.699.23July 5, 20058.188.318.749.35July 6, 20058.138.328.759.30July 7, 20058.068.308.759.38July 8, 20058.138.378.779.42July 9, 20058.018.328.739.32July 11, 20058.008.378.789.36July 12, 20058.068.398.809.37July 13, 20057.978.368.809.36July 14, 20058.168.408.849.38July 15, 20058.148.438.869.40July 16, 20058.418.568.93-July 18, 20058.438.608.959.45July 19, 20058.458.638.989.46July 20, 20058.368.618.969.43July 21, 20058.398.648.989.44July 22, 20058.658.789.079.54July 23, 20058.508.769.059.51July 25, 20058.558.779.069.52July 26, 20058.608.779.099.56July 27, 20058.638.809.119.55July 28, 20058.558.739.089.55July 29, 20058.638.759.099.55July 30, 20058.648.769.109.558.90August 1, 20058.558.759.109.58August 3, 20058.408.619.009.52August 4, 20058.158.518.94-August 5, 20057.908.408.899.45August 8, 20058.268.548.909.47August 10, 20058.168.548.929.54August 11, 20058.248.568.949.53August 12, 20058.058.508.889.51August 13, 20058.238.588.949.52August 15, 20058.408.608.959.52August 16, 20058.378.628.96-August 17, 20058.258.598.949.55August 19, 20058.218.618.949.57August 20, 20058.348.638.959.58August 22, 20058.468.648.959.54August 23, 20058.518.648.949.54August 24, 20058.458.618.939.54August 25, 20058.338.598.929.52August 26, 20058.198.518.91-August 27, 20057.798.428.839.50August 29, 20057.878.508.869.50August 30, 20058.118.528.889.53August 31, 20058.158.548.879.548.93September 1, 20058.308.588.909.56September 2, 20058.098.518.899.53September 3, 20058.008.468.849.49September 6, 20058.018.468.869.50September 8, 20058.228.518.879.49September 9, 20058.258.528.869.53September 12, 20058.438.608.899.53September 13, 20058.338.588.889.54September 14, 20058.378.578.89-September 15, 20058.308.608.909.54September 16, 20058.328.558.899.52September 19, 20058.458.578.899.52September 20, 20058.498.618.929.54September 22, 20058.608.628.959.55September 23, 20058.618.668.969.54September 24, 20058.518.638.939.52September 26, 20058.548.658.939.52September 27, 20058.518.648.949.53September 28, 20058.478.628.929.52September 30, 20058.398.588.949.518.90October 1, 20058.388.618.929.51October 3, 20058.408.638.949.52October 4, 20058.408.658.959.50October 5, 20058.618.708.989.55October 7, 20058.688.708.989.53October 8, 20058.628.718.969.51October 11, 20058.698.789.019.56October 12, 20058.708.788.999.54October 13, 20058.618.779.029.60October 14, 20058.668.789.019.56October 15, 20058.688.789.019.54October 17, 20058.698.819.049.56October 18, 20058.698.809.029.56October 19, 20058.698.819.039.56October 20, 20058.728.859.059.55October 24, 20058.738.889.099.60October 26, 20058.748.879.079.57October 27, 20058.868.919.069.58October 28, 20058.898.919.059.60October 29, 20058.878.949.109.60October 31, 20058.908.959.109.609.03November 1, 20058.888.939.089.60November 7, 20058.918.979.119.59November 8, 20058.918.969.119.60November 11, 20059.019.059.189.62November 12, 20058.989.029.149.60November 14, 20058.999.059.159.60November 15, 20058.919.049.169.61November 16, 20058.729.009.189.63November 17, 20058.729.009.159.61November 19, 20058.678.929.119.57November 21, 20058.718.919.119.56November 22, 20058.738.949.149.59November 23, 20058.738.949.119.57November 24, 20058.768.989.169.55November 26, 20058.798.989.149.59November 28, 20058.769.039.189.60November 29, 20058.809.059.209.60November 30, 20058.869.059.199.60December 1, 20058.909.039.169.57December 3, 20058.919.059.199.61December 5, 20058.909.059.189.59December 6, 20058.939.089.229.61December 7, 20058.959.099.259.66December 8, 20058.759.049.259.71December 9, 20058.688.989.259.69December 10, 20058.568.879.099.55December 12, 20058.688.959.189.63December 13, 20058.588.929.129.59December 17, 20058.608.889.259.73December 19, 20058.608.879.169.63December 20, 20058.648.879.139.59December 21, 20058.638.889.159.61December 22, 20058.838.909.139.60December 23, 20058.668.859.149.61December 24, 20058.608.859.129.59December 26, 20058.608.839.119.62December 28, 20058.408.759.029.55December 29, 20058.368.739.109.63December 30, 20058.338.699.039.55December 31, 20058.428.769.059.58

Historic Data 2005

3 - Month