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• On behalf of TM, we wish to announce that on 10 March 2006, TM International, a wholly-owned subsidiary of TM, entered into a Share Sale and Purchase Agreement ("SPA") to acquire the entire issued and paid-up share capital of DCIL, for a cash consideration of USD178.8 million (approximately RM666.9 million based on exchange rate of USD1.00 : RM3.73 on 9 March 2006).
  
  TM has, on the same date, entered into a Shareholders' Agreement with the other shareholders of Spice in recognition of TM International's role as the new strategic investor in Spice.

• • • in DCIL (collectively, the "Sale Shares"), representing the entire issued and paid-up share capital of DCIL, for a total cash consideration of USD178.8 million.
  2.1 Under the SPA with Distacom India Holdings Limited ("DIHL"), DAI (Mauritius) Company Limited ("DAI"), Deutsche Bank AG (acting through its Hong Kong branch) ("DB"), Ashmore Cayman SPC Limited ("Ashmore") and the Ashmore Funds, namely Ashmore Global Special Situations Fund Limited, Ashmore Global Special Situations Fund 2 Limited, Asset Holder PCC No. 2 Limited Re Ashmore Asian Recovery Fund, EMDCD Ltd, Asset Holder PCC Limited Re Ashmore Emerging Markets Liquid Investment Portfolio and Ashmore Emerging Markets Debt Fund, TM International has agreed to acquire:
  
  (i) 62,939,747 ordinary shares of USD1.00 each; and
  
  (ii) 11,107,014 "A" ordinary shares of USD0.88 each,