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We refer to the following news articles:

a) Appearing on page 3 of Bizweek, Star on 2 December 2006, with particular reference to the sentences reproduced as follows:

“The Board of Telekom Malaysia Bhd (TM) is expected to deliberate on a proposal this week, one that it has been mulling for some time now. Sources say the state controlled telecommunication giant is considering a plan to acquire a 42.7% stake in Time dotcom Bhd from its parent Time Engineering Bhd.”

b) Appearing on page 10 of the Corporate section of The Edge Malaysia on 4 December 2006, with particular reference to the sentences reproduced as follows:

“….speculation is that the new M&A possibility involves incumbent Telekom Malaysia Bhd (TM). The word in the market is that TM is looking to acquire both Time Engineering Bhd and Time dotCom.”

We wish to inform the Exchange that the above statements are inaccurate and misleading and they were not attributed to any sources from Telekom Malaysia Berhad (TM). We further wish to state that TM has no plan currently to acquire a stake in Time dotCom nor Time Engineering Berhad and that there is no Board of Directors meeting scheduled this week as erroneously reported.

For the record, TM Group owns the largest network of fibre optic cables in Malaysia totaling more than 220,000 core kilometers.