Telekom Malaysia - Investor Relations

Type	Announcement
Subject	OTHERS
Description	DISSOLUTION OF THE BOARD SUB-COMMITTEE TO BOARD AUDIT COMMITTEE
We refer to our announcements dated 29 December 2010, 3 January 2011 and 6 January 2011 with respect to the Settlement entered into between Alcatel Lucent and the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) and the formation of a Board Sub-Committee (BSC) of the Board Audit Committee (BAC) of TM to conduct an independent internal investigation into the alleged improper payments to TM employees. We are pleased to inform that since the primary objective of the formation of the BSC has been achieved, the BSC has been dissolved with effect from 2 February 2011. Investigations and forensic audit to identify the names of employees concerned will be continued by KPMG Corporate Services Sdn Bhd (KPMG) under the supervision of TM Special Affairs Unit of TM Group Internal Audit Division reporting to the BAC. This is in line with the continuous efforts to strengthen TM's internal control processes. In line with good corporate governance practice, the report of the findings to date will be handed over to the Malaysian Anti-Corruption Commission (MACC) by end of February 2011. TM will also continue to cooperate with MACC in their investigations relating to this case. This announcement is dated 2 February 2011.