Contents :

1. "Telekom Malaysia Bhd will raise up to RM4 billion via a bond issue to fund its takeover of mobile network operator Celcom (Malaysia) Bhd...."
2. "About RM3.75 billion to RM4 billion would be raised via Islamic and conventional instruments"

Query Letter Contents :

We refer to the above news article appearing in New Straits Times, Business
Times section, page B1, on Tuesday, 28 January 2003, a copy of which is
enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"TELEKOM Malaysia Bhd will raise up to RM4 billion via a bond issue to fund its
takeover of mobile network operator Celcom (Malaysia) Bhd ..."
"About RM3.75 billion to RM4 billion would be raised via Islamic and
conventional instruments."

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 sentences 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 sentences 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 sentences 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/WSW/ZOOS
c.c. Securities Commission (via fax)