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2. We wish to announce that according to the settlement terms, KPMG Forensic, a division of KPMG LLP (“KPMG”) acting in their capacity as an independent expert valuer has, on 11 August 2005 delivered its decision on the fair market value of G-Com’s thirty percent (30%) shares in GT.

3. In the said final decision, KPMG has determined that the fair market value of the said G-Com’s shares as at 2 June 2002 is US$ 52.2 Million and such determination shall be final and binding on the GoG and TM.

4. Upon the completion of the above determination, the said decision will be recorded in a Final Award of the Arbitral Tribunal to be recorded by the Permanent Court of Arbitration in due course. The Final Award will effectively signify the completion of the settlement processes as stated in the Settlement Agreement dated 7 May 2005.

5. In accordance with the settlement terms, the GoG will pay TM the settlement sum due and payable under the Deposit Refund and the Strategic Investment Claims in instalments until 2007. When the GoG has made full and complete payment of the above amount plus accrued interest within the abovesaid stipulated period, the ownership of G-Com’s 30% shares will be transferred to the GoG.

TM will make further announcement of any material development on the above matter from time to time.