To: Sultan Bin Sulayem From: Jeffrey Epstein Sent Mon 10/12/2009 5:08:43 PM DUBAI WORLD ORGANISATIONAL RESTRUCTURING I cleaned up the English, and edited it. Dubai, 15 October 2009 - Global holding company Dubai World, today announced that it has largely completed its restructuring . This has resulted in significant cost savings, increased and efficiency. Its businesses arc now well prepared to thrive in an uncertain future environment. It has seen the management ofJumeirah Golf Estates, Jumeirah Lakes Towers and the real estate activities of Dubai Maritime City move to Dubai World real estate company Nakheel. As a result of the restructure the company plans to benefit bu more than 800 million dollars in operating savings. The total workforce has been reduced by approximately 15%. This ensures that each Dubai World division is more appropriately sized for the current market while at the same time ,well placed to take advantage of the eventual economic recovery. During the process, each division reviewed its business plans and developed a clew strategy in line with its specific area of expertise, and have reviewed their operations and costs to more adequately reflect the current environment. Imponantly,t he ownership of the key assets underpinning Dubai World's balance sheet are unaffected by the organizational restructuring. Dubai World Chairman Sultan Ahmed Bin Sulayem said:"Whilst the challenges we faced are not unique, with no global entity immune from the pressures of the world wide recession. we arc confident that Dubai World and its subsidiaries arc appropriately focused and properly structured to embrace the new global reality. "Our diverse portfolio of assets around the world together with ow significant interests here in Dubai provide us with an exciting and compelling future.The Group will enter this next vital phase of our evolution better able to withstand all economic eventualities. Dubai World remains a testament to the vision o