ALU concluded its settlement with the SEC and the DoJ following their investigations of violations of the Foreign Corrupt Practices Act. The settlement cover activities in several countries in Africa, Latin America, Asia, including Malaysia. The investigation in Malaysia covers events that occurred between October 2004 and February 2006. They involve alleged improper payments to TM's employees.
We take these allegations seriously and we will extend all necessary cooperation where required to the relevant authorities. Through a proposed Board sub-committee, we will further conduct a thorough internal investigation to safeguard the integrity of our procurement process and Code of Business Ethics. TM has a zero tolerance policy towards such improprieties and will take appropriate action in the event that any of our employees were indeed involved.

TM believes that it has a robust and transparent procurement policy and adheres to policy, processes and current best practices.