SGX Announcement

MIDDLE EAST DEVT SPORE LTD.
Friday, 9th January 2009

>> PART I

1. Date of notice to issuer * 09-01-2009

2. Name of Substantial Shareholder * Germir Group Limited

3.	Please tick one or more appropriate box(es): *
	Notice of a New Substantial Shareholder's interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Interest 09-01-2009

2. Name of Registered Holder Germir Group Limited

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Placement of 79,500,000 Shares

4. Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	0
As a percentage of issued share capital	0 %

No. of Shares which are subject of this notice	70,000,000
As a percentage of issued share capital	14.66 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.05

No. of Shares held after the change	70,000,000
As a percentage of issued share capital	14.66 %

>> PART III

1. Date of change of [Select Option]

2. The change in the percentage level From % To %

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	70,000,000	0
As a percentage of issued share capital	14.66 %	0 %

Footnotes

The above shareholding are calculated based on the number of issued shares of 477,477,500 (inclusive of 79,500,000 new shares arising from the placement).

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