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We wish to inform that on 16 February 2005, Rego Multi-Trades Sdn Bhd ("Rego”), a wholly owned subsidiary of Technology Resources Industries Berhad, which is also a subsidiary of Celcom, has filed a civil claim in the High Court of Kuala Lumpur against Aras Capital Sdn Bhd (”Aras Capital”) and Tan Sri Dato’ Tajudin Ramli (“TSDTR”).

The claim is made for recovery of sums due and owing to Rego from Aras Capital and TSDTR pursuant to:

(i) the Investment Management Agreement dated 10 January 1997 ("the Investment Agreement") and the Supplemental Agreement dated 21 April 1997 ("the Supplemental Agreement") between Rego and Aras Capital; and

(ii) the Letter of Indemnity dated 1 April 1998 (“the Letter of Indemnity”) given by TSDTR to Rego relating to the investments made by Rego under the Investment Agreement and the Supplemental Agreement.

The sum claimed in the proceedings is RM261,849,264.26 as at 30 November 2004 together with interest and costs.

The Writ of Summons and Statement of Claim have yet to be extracted from the Kuala Lumpur High Court.