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We refer to the announcement made by Technology Resources Industries Berhad ("TRI") on 23 May 2002 in connection with the nomination by Telekom Enterprise Sdn. Bhd ("TESB"), a wholly owned subsidiary of Telekom Malaysia Berhad ("Telekom Malaysia"), for representation on the board of TRI and TESB's requisition dated 17 May 2002 pursuant to Section 144 of the Companies Act, 1965 for an Extraordinary General Meeting ("EGM") to be convened for the purpose of considering and if thought fit, to pass the following separate ordinary resolutions for:

(1) the removal of Tan Sri Dato' Tajuddin bin Ramli as director of TRI;
(2) the removal of Dato' Lim Kheng Yew as director of TRI;
(3) the removal of Tuan Haji Mohamed bin Ali as director of TRI;
(4) the removal of Encik Bistamam bin Ramli as director of TRI;
(5) the appointment of Dato' Dr. Md Khir bin Abdul Rahman as director of TRI;
(6) the appointment of Mr. Lim Kheng Guan as director of TRI;
(7) the appointment of Encik Rosli bin Man as director of TRI; and
(8) the appointment of Dato' Dr. Mohd Munir bin Abdul Majid as director of TRI.

The rationale for seeking representation on the board of TRI is to safeguard TESB's substantial interest in TRI as a major shareholder. TESB is seeking a balanced board structure which is representative of the interest of all major shareholders in TRI. Barring any unforeseen changes to the composition of the board of TRI in the interim, the proposed ordinary resolutions, if approved by shareholders of TRI would result in a board comprising 9 members of which 4 directors are nominated by TESB and 5 existing directors of TRI of whom 3 are independent directors. The directors nominated by TESB are individuals of good standing and repute in corporate Malaysia and will be in a position to act in the best interest of TRI and contribute to the future development of TRI while protecting the interest of all shareholders.

The profile of the directors nominated by TESB are as follows:

Dato' Dr. Md Khir bin Abdul Rahman is currently the Chief Executive of Telekom Malaysia. Prior to his appointment, he was the Deputy Chief Executive/General Manager of Malaysian Electronics Payment System Sdn. Bhd. He has also served the Central Bank in various senior positions before joining the telecommunications sector in 1996. He has depth of experience in information and communication technology, banking and payment system as well as in development of e-commerce applications. He is also a Director of the Multimedia Development Corporation Sdn. Bhd. and the Malaysian Industry Government Group for High Technology.

Mr. Lim Kheng Guan is currently an Independent Non-Executive Director of Telekom Malaysia. He is a Chartered Accountant by profession and an Associate Member of the Malaysian Institute of Certified Public Accountants, Fellow of Australian Society of Certified Practising Accountants, Associate of the Australian Institute of Bankers and a member of the Malaysian Institute of Management. Mr. Lim has more than 30 years of experience in accounting, management consulting and senior managerial positions in local and multinational public listed companies.

Encik Rosli bin Man is currently a Non-Independent Non-Executive Director of Telekom Malaysia. He joined Jabatan Telekom Malaysia in 1976 as Assistant Controller where he gained wide exposure in telecomunication services including the task to implement the country's first mobile telecommunications company in Malaysia. He has more than 24 years of experience in the telecommunications industry and was instrumental in setting up the first privately owned telecommunications company in Malaysia i.e. Celcom (Malaysia) Sdn. Bhd. ("Celcom"). He left Celcom as its President in 1996.

Dato' Dr. Mohd Munir Abdul Majid is currently the Senior Independent Non-Executive Director of Telekom Malaysia. He was the first Executive Chairman of the Securities Commission, a position he held for two terms from March 1993 until February 1999. He has also served as Director and Chairman of several other companies and council member of government agencies including the Association of Merchant Banks, Kloffe Sdn. Bhd. the Kuala Lumpur Stock Exchange, the Council of Malaysian Industrial Development Authority and the Foreign Investment Committee of the Prime Minister's Department.

We look forward to the EGM to be convened in order for all the shareholders of TRI to decide on the proposed changes to the board of TRI.