Notes to Financial Statements

Middle East Development Singapore Ltd.Annual Report 2008 77Statistics of ShareholdingsAs At 12 September 2008(As recorded in the Register of Substantial Shareholders)Name of Substantial ShareholdersDIRECT INTERESTDEEMED INTERESTNO. OF SHARES % NO. OF SHARES %M.E. Development L.L.C (2) 60,000,000 15.08Sheikh Tarek Mohammad Bin Laden (1) 60,000,000 15.08Wong Seong Khuen @Kwan Seong Khuen 34,620,000 8.70Ng Tian Huat 28,620,000 7.19Notes:(1) Sheikh Tarek Mohammad Bin Laden is deemed to be interested in the shares held by M.E. Development L.L.C.(2) M.E. Development L.L.C. has an option to subscribe for 100,000,000 shares in the Company at a price of S$0.05 per share.SHAREHOLDING HELD IN THE HANDS OF PUBLICThe percentage of shareholdings in the hands of the public is approximately 71.24% as at 12 September 2008. Accordingly,the Company is in compliance with Rule 723 of the SGX-ST’s Listing Manual.