1. JV Structure Steps Plan
Petro Saudi International
JV Structure Steps Plan

2. CURRENT STRUCTURE
Shareholders
Tarek
Separate holding structures for the Turkmen and Argentinean assets
Petro Saudi International (Saudi)
Petro Saudi Ltd Inc (Panama)
Petro Saudi International Holdings Cayman Ltd (Cayman)
Argentinean Assets
1MDB Petro Saudi Ltd (BVI)
Petro Saudi International (Cayman)
[●] (Jersey)
Turkmen Assets
22 September 2009

3. STEP 1
Tarek transfers Petro Saudi Ltd Inc to Petro Saudi International (Cayman)
Consideration for transfer is $1
Shareholders
Tarek
Petro Saudi International (Saudi)
Petro Saudi Ltd Inc (Panama)
Petro Saudi International Holdings Cayman Ltd (Cayman)
Argentinean Assets
1MDB Petro Saudi Ltd (BVI)
Petro Saudi International (Cayman)
[●] (Jersey)
Turkmen Assets
22 September 2009

4. STEP 2
Shareholders
Petro Saudi International Holdings Cayman Ltd transfers Petro Saudi International to 1MDB Petro Saudi Ltd
Consideration for transfer is issue of $1.5 billion new equity and a shareholder loan of $700million
Petro Saudi International (Saudi)
$1.5b new equity
Petro Saudi International Holdings Cayman Ltd (Cayman)
$700m loan
1MDB Petro Saudi Ltd (BVI)
Petro Saudi International (Cayman)
[●] (Jersey)
Petro Saudi Ltd Inc (Panama)
Turkmen Assets
Argentinean Assets
22 September 2009

5. STEP 3
Shareholders
1Malaysia Development MDB subscribes for new shares in 1MDB Petro Saudi Ltd equal to 40% of its total issued share capital
Consideration for subscription is $1.5 billion
Petro Saudi International (Saudi)
1Malaysia Development MDB (Malaysia)
Petro Saudi International Holdings Cayman Ltd (Cayman)
60%
$1.5b for 40% equity
1MDB Petro Saudi Ltd (BVI)
Petro Saudi International Cayman (Cayman)
[●] (Jersey)
Petro Saudi Ltd Inc (Panama)
Turkmen Assets
Argentinean Assets
22 September 2009

6. STEP 4
Shareholders
Petro Saudi International (Saudi)
1Malaysia Development MDB (Malaysia)
Petro Saudi International Holdings Cayman Ltd (Cayman)
40%
60%
Repayment $700m loan
1MDB Petro Saudi Ltd (BVI)
1MDB Petro Saudi Ltd repays $700m shareholders loan to Petro Saudi International Holdings Cayman Ltd
Downstream funding and new investments to be considered in due course
Petro Saudi International Cayman (Cayman)
[●] (Jersey)
Petro Saudi Ltd Inc (Panama)
Turkmen Assets
Argentinean Assets
22 September 2009