Mandatory Offer By Telekom Enterprise Sdn Bhd ("TESB"), A Wholly-Owned Subsidiary Of TM, At RM2.75 Cash Per Share For The Remaining Ordinary Shares Of RM1.00 Each In Celcom (Malaysia) Berhad ("Celcom") Not Held By TESB And The Persons Acting In Concert With TESB ("PAC") ("Offer")

23 May 2003

Type

Announcement
Subject TELEKOM MALAYSIA BERHAD ("TM” OR “COMPANY”)

MANDATORY OFFER BY TELEKOM ENTERPRISE SDN BHD (“TESB”), A WHOLLY-OWNED SUBSIDIARY OF TM, AT RM2.75 CASH PER SHARE FOR THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN CELCOM (MALAYSIA) BERHAD (“CELCOM”) NOT HELD BY TESB AND THE PERSONS ACTING IN CONCERT WITH TESB (“PAC”) (“OFFER”)

Contents :



We refer to our announcements on 3 April 2003 and 22 April 2003.

On behalf of TESB and TM, Commerce International Merchant Bankers Berhad (“CIMB”) wishes to announce that the Securities Commission has vide its letter dated 7 May 2003 approved an extension of time for the posting of the Offer Document to the Board of Directors and shareholders of Celcom.

The posting of the Offer Document shall be made not later than five (5) market days from the completion of the following:

(i) The consent of the Securities Commission and the Kuala Lumpur Stock Exchange for the posting of the Offer Document; and

(ii) The signing of the bridging loan facility for the Offer between TM and four (4) local financial institutions, which is also subject to the approval of the Minister of Finance Incorporated.

TESB and TM, however, expect that the Offer Document will be posted to the Board of Directors and shareholders of Celcom within two (2) weeks from the date of this announcement.

This announcement is dated 7 May 2003.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 7 May 2003
Category General Announcement
Reference No MM-030507-65344