Legal Dispute With Deteasia Holding Gmbh ("dete")

23 January 2006

Type

Announcement
Subject LEGAL DISPUTE WITH DETEASIA HOLDING GmbH ("DeTe")

Contents :

We refer to the previous announcement which we made on 1 September 2005 in relation to the handing down by the Arbitral Tribunal of the Award dated 2 August 2005 (‘the Award’) in International Court of Arbitration of the International Chamber of Commerce Case No 12615/MS instituted by DeTe against Celcom (Malaysia) Berhad ("Celcom"), a wholly owned subsidiary of Telekom Malaysia Berhad.


We also refer to our previous announcements made on 17 November 2005 and 16 January 2006 respectively.

On 23 January 2006, Celcom received (i) an order from the High Court of Singapore dated 11 January 2006 giving DeTe liberty to enforce the Award pursuant to Sections 29 and 19 of the International Arbitration Act (Chapter 143A) of Singapore (“First Order”), (ii) an Order of the High Court of Singapore dated 11 January 2006 granting leave to DeTe to serve an Originating Summons and ancillary cause papers upon Celcom out of jurisdiction in Malaysia (“Second Order”) and (iii) the Originating Summons dated on 29 December 2005.

The First Order grants Celcom the right to seek to set aside the same within 14 days from service of the First Order. The Award may not be enforced against Celcom until the expiry of the 14 days or, in the event that an application is filed by Celcom to set aside the First Order, upon disposal of such an application.

Celcom was also notified by DeTe’s Singapore solicitors of a Mareva injunction application filed by DeTe against Celcom on 18 January 2006 in the High Court of Singapore. This application was heard on 19 January 2006 and the Judge hearing the same directed that it be heard inter partes on 2 February 2006.

Celcom is presently seeking legal advice in relation to the matters above, including the setting aside of the First Order and resisting the Mareva injunction application.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 23 Jan 2006
Category General Announcement
Reference No TM-060123-69734