Article Entitled: "Deutsche Factor In Telekom Merger Plan"

03 July 2002

Type Reply to query
Reply to Query Letter by KLSE reference ID ZO-020702-61895
Subject ARTICLE ENTITLED: "Deutsche factor in Telekom merger plan"

Contents :



We refer to the query of the Kuala Lumpur Stock Exchange in respect of the following statement in the article of the Malay Mail on Tuesday, 2 July 2002 entitled "Deutsche factor in Telekom merger plan":

"Deutsche also has a buy-out clause in the event if it were to veto any important decisions. The buy-out price is believed to be much higher than the RM2.75 which is being touted as the GO price."

With respect to the above statement Telekom Malaysia Berhad ("TM") wishes to note that TM is not a party to any agreement which grants "Deutsche" such rights and therefore TM is unable and nor would it be appropriate for TM to comment on this matter.

Query Letter Contents :

We refer to the above news article appearing in The Malay Mail, page 22 , on
Tuesday, 2 July 2002, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"... Deutsche also has a buy-out clause in the event if it were to veto any
important decisions. The buy-out price is believed to be much higher than the
RM2.75 which is being touted as the GO price."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully

LISA LAM
Senior Manager, Listing Operations
LL/ASL/ZOOS
c.c. Securities Commission (via fax)


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 3 Jul 2002
Category General Announcement
Reference No TM-020703-62755