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Pursuant to the terms of the Share Sale Agreement (“SSA”) dated 29 April 2005 between Tenaga Nasional

Berhad (“TNB”) and CTX, the completion of the sale and purchase of 7,500,000 ordinary shares of RM1.00

each in Fibrecomm representing 10% of the total issued and paid up capital of Fibrecomm (“Sale Shares”)

was conditional upon, amongst others, the approval of the Minister of Energy, Water and Communications

(“Minister”) for the assignment by CTX of certain rights granted to CTX under the Network Facilities Provider

(Individual) Licence and the Network Services Provider (Individual) Licence (hereinafter collectively referred

to as the “Licenses”) held by CTX to Fibrecomm.

In fulfilment of the aforesaid condition, CTX had entered into a Deed of Assignment with Fibrecomm on 29

April 2005 (“Deed of Assignment”), whereby CTX had agreed to assign certain rights under the Licenses to

Fibrecomm. The terms of the Deed of Assignment were subsequently varied by way of a Deed of Variation

executed by CTX and Fibrecomm on 5 December 2005 (“Deed of Variation”), whereby CTX agreed to

assign all its rights, title and interest in and to the Licenses to Fibrecomm instead.

Based on the recommendation of the Malaysian Communications and Multimedia Commission,

Fibrecomm submitted applications under the Communications and Multimedia Act 1998 to obtain a

Network Facilities Provider (Individual) Licence and a Network Services Provider (Individual) Licence. The

Minister granted the Licenses to Fibrecomm on 10 February 2006.

Accordingly, CTX and Fibrecomm have today entered into a Deed of Revocation and Rescission (the “Deed

of Revocation and Rescission”) to revoke the Deed of Assignment and the Deed of Variation with

immediate effect. TNB and CTX have also simultaneously entered into Supplemental Agreements (the

“Supplemental Agreements”) to amend the terms of the SSA and the Shareholders Agreement dated 29

April 2005 between TNB and CTX to reflect the change in circumstances as aforesaid.

With the execution of the Deed of Revocation and Rescission and the Supplemental Agreements, Telekom

Malaysia Berhad (“TM”) wishes to announce that CTX has today completed the acquisition of the Sale

Shares from TNB and Fibrecomm is now a 51% subsidiary of TM, held via Celcom (Malaysia) Berhad.