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AL MAZAYA HOLDING COMPANY K.S.C.

(HOLDING) AND

SUBSIDIARIES

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

MARCH 31, 2009

(All amounts are in Kuwaiti Dinars)

13. Earnings per share

Earnings per share is computed by dividing net profit for the period attributable to equity holders of the

Parent Company by the weighted average number of shares outstanding during the period.

Net profit for the period attributable to equity holders of the Parent

Company

Three months ended March 31,

2008

2009

(Restated)

Weighted average number of issued and fully paid-up shares

Less: weighted average number of treasury shares

Weighted average number of shares outstanding

5,050,826

12,190,701

Shares

Shares

454,069,800

379,069,800

{43,300,487}

(5,942,220}

410,769,313

373,127,580

Fils

Fils

12.30

32.67

Earnings per share attributable to equity holders of the Parent

Company

Earnings per share reported for the period ended March 31, 2008 was 34.5 Fils before the effect of the

application of IFRIC 15 (Note 2).

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