Material Litigation

22 April 2014

Type Announcement
Subject MATERIAL LITIGATION
Description KUALA LUMPUR HIGH COURT 22NCVC-1080-09/2012
ONE VISA SDN BHD vs. TELEKOM MALAYSIA BERHAD (“TM”)

TM refers to its previous announcement dated 25 September 2012 wherein it was announced that One Visa Sdn Bhd (“OVSB”) had on 21 September 2012 filed a legal suit against TM in the Kuala Lumpur High Court to seek for the following reliefs:

1.A declaration that TM is a trespasser on 5 pieces of land belonging to OVSB held under title particulars namely HS(D) 23474 Lot 3181, HS(D) 23475 Lot 3182, HS(D) 23477 Lot 3183, HS(D) 23478 Lot 3184 and HS(D) 23479 Lot 3185 of Pekan Ulu Temiang, Negeri Sembilan (“the Land”) by the supply of telecommunication services to the illegal occupiers (“Squatters”) on the Land and is a nuisance to OVSB;

2.Special damages amounting to RM23,077,116.00 which is the total rental value of the Land based on its current prevailing market value rates calculated with effect from 22 March 2011 and continuing until cessation of the telecommunication services and the date of removal of TM’s offending infrastructure from the Land and/or alternatively for the same to be assessed;

3.Special damages amounting to RM198,110,908.00 being loss of opportunity and/or loss of profit by reason of the continued wrongful occupation of the Squatters which was caused, encouraged or facilitated by TM resulting in OVSB being prevented from developing the Land to its full potential and/or alternatively for the same to be assessed;

4.Quit rent for the 5 pieces of Land for the year 2012 amounting to RM234,677.00 and continuing until full and final settlement thereof and/or alternatively for the same to be assessed;

5.Land assessment for the 5 pieces of Land for the year 2012 amounting to RM49,360.00 and continuing until full and final settlement thereof and/or alternatively for the same to be assessed;

6.General damages;

7.Aggravated/Exemplary damages;

8.Interest at the rate of 5% per annum to be levied on all the above judgment sums from 22 March 2011 until full and final settlement of the same;

9.Cost; and

10.Any further and/or other order as deem fit and just by the court.

We wish to announce that the Kuala Lumpur High Court has today dismissed OVSB’s claim except for the claim under item (2) above where the High Court has allowed special damages in the sum of RM4,818.40 for rental of the Land for 10 months from 18 November 2011 until September 2012. The High Court has further awarded OVSB interest on this sum at 4% per annum from 19 November 2011 until the date of full realization and cost of RM15,000.00.

A further announcement will be made on any material development of the legal suit.

This announcement is dated 22 April 2014.



Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 22 Apr 2014
Category General Announcement
Reference No TM-140422-67326