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We refer to our announcements dated 9 December 2004 and 12 January 2005 in respect of the above matter.

Telekom Malaysia Berhad (“TM”) wishes to announce that Indocel Holding Sdn Bhd (formerly known as Indocel Holding Sdn) (“Indocel”), the wholly owned subsidiary of TM through TM International (L) Limited, has completed the acquisition of 95,130 ordinary shares of Indonesian Rupiah (“Rp”) 250,000 each in Excelcomindo, representing 4.2% of the issued and paid-up share capital of Excelcomindo, for a cash consideration of USD48,300,002.92 million from Rogan Partners, Inc.

With the completion of this acquisition, Indocel currently holds a total of 618,345 ordinary shares of Rp250,000 each in Excelcomindo, representing 27.3% of the issued and paid-up share capital of Excelcomindo.

This announcement is dated 15 June 2005.