Press Release

JCR-VIS withdraws Corporate Governance Rating of International Industries Limited
 

Karachi, July 11, 2005: The rating of CGR-8 assigned by JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) to International Industries Limited has been withdrawn due to non-renewal of the rating contract.

For further information on this rating announcement, please contact Mr. Safdar Kazi (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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Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited (JCR-VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings. JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2005 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited