Contents :

We refer to the letter of the Exchange regarding the following statement in the article appearing in the New Straits Times on Friday, 5 July 2002 entitled "TRI gives in after Telekom agrees to a joint independent panel" :

"...Telekom assured TRI that it would make a general offer at RM2.75 per share ..."

With respect to the above statement, Telekom Malaysia Berhad ("TM") wishes to reiterate its stand as highlighted in its announcements to the Kuala Lumpur Stock Exchange ("KLSE") on 7 June 2002 and 25 June 2002.

In the said announcements, TM clarified that it will fulfil its obligations under the Malaysian Code on Takeover and Mergers ("Code") in full without seeking any waiver from such obligations, should it be required to do so under the Code as a result of the business combination of Celcom (Malaysia) Berhad ("Celcom") and TM Cellular Sdn Bhd ("TM Cellular"). In accordance with the Code, should an agreement be executed between TM and Technology Resources Industries Berhad ("TRI") on the business combination by 29 October 2002, the offer price for the mandatory offer by TM on TRI would not be less than RM2.75 per share.

Therefore, the above statement appearing in the New Straits Times on 5 July 2002 is not accurate.

Query Letter Contents :

We refer to the above news article appearing in the New Straits Times, Business
Times section, page 7 , on Friday, 5 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:-
"... Telekom assured TRI that it would make a general offer at RM2.75 per share
..."
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)