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We refer to our announcement on 17 September 2003 wherein it was announced that TESB had compulsorily acquired the remaining Celcom Shares not owned by TESB and the PAC from the dissenting shareholders of Celcom pursuant to Section 34(1) of the Securities Commission Act, 1993 (“Compulsory Acquisition”) save for 500,000 Celcom Shares which were the subject of an injunction granted by the Syariah Court (“Said Shares”). The injunction on the Said Shares was subsequently modified on 18 September 2003 to allow the transfer of the Said Shares to TESB pursuant to the Compulsory Acquisition.

In this regard, on behalf of TESB and TM, Commerce International Merchant Bankers Berhad is pleased to announce that TESB has, today, compulsorily acquired the Said Shares at the same terms of the Offer.

Accordingly, Celcom is now a wholly-subsidiary of TM.

This announcement is dated 29 September 2003.