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We refer to our announcement on 31 March 2003.

On behalf of the Board of Directors of TM, Commerce International Merchant Bankers Berhad (“CIMB”) wishes to announce that Celcom has today received the approval-in-principle of the Kuala Lumpur Stock Exchange ("KLSE") for the listing of and quotation for the new Celcom ordinary shares of RM1.00 each to be issued in accordance with the terms of the Sale and Purchase Agreement dated 28 October 2002 between TM and Celcom (“SPA”).

Pursuant to the above, all conditions precedent to the SPA have been met. Accordingly, in accordance with Practice Note 2.1(2) of the Malaysian Code on Take-Overs and Mergers, 1998 (“Code”), CIMB wishes to announce that TESB, a wholly-owned subsidiary of TM, has today served a Notice of the Offer (“Notice”) on the Board of Directors of Celcom.

The Notice is appended together with this announcement. The Notice has also been sent to the KLSE and Securities Commission and released to the press in accordance with the provisions of the Code.



This announcement is dated 3 April 2003.

Announcement Info