We refer to the announcements dated 27 March 2014, 8 April 2014, 28 April 2014 and 7 May 2014 in relation to the DRS (collectively “Announcements”). Unless otherwise stated, the definitions used shall have the same meanings as set out in the Announcements.

On 27 February 2014, the Board of Directors (“Board”) declared a final single-tier dividend of RM0.163 per TM Share in respect of the financial year ended 31 December 2013 (“Final Dividend”). On 8 May 2014, the shareholders of TM had approved the Final Dividend, the implementation of the DRS and the application of the DRS to the Final Dividend. The Board had also determined that the DRS applies to the entire Final Dividend.

On behalf of TM, CIMB Investment Bank Berhad wishes to announce that the issue price of the new TM Shares to be issued pursuant to the DRS for the Final Dividend has been fixed today (“Price Fixing Date”) at RM5.38 per share (“Issue Price”).

The Issue Price represents a discount of RM0.59 or approximately 9.9% to the theoretical ex-dividend volume weighted average market price (“VWAMP”) of approximately RM5.97, which was arrived at after taking into consideration the 5-day VWAMP up to and including 8 May 2014, being the last trading day prior to the Price Fixing Date of approximately RM6.13 per TM Share and the dividend per share of 16.3 sen per TM Share.