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We refer to the reports "Singapore, Malaysia Cos to Buy India Idea 49% Stake" appearing on Dow Jones (New Delhi) on 1 June 2004, as well as "STT, Telekom Malaysia To Pay Over $220 Million for Idea" appearing on Reuters (New Delhi) on the same date.

Telekom Malaysia Berhad (TM) wishes to clarify that negotiations are currently underway in relation to the proposed acquisition of a strategic stake in Idea Cellular Ltd of India. Full details will be disclosed at an appropriate time by TM.