We refer to our announcement dated 1 July 2014 on the execution of a Joint Venture and Shareholders Agreement (“JVSHA”) between Telekom Malaysia Berhad (“TM”), via its wholly owned subsidiary, Intelsec Sdn Bhd (“Intelsec” or the “Company”), UEM Land Berhad (“UEML”) and Iskandar Innovations Sdn Bhd (“IISB”), a wholly owned subsidiary of Iskandar Investment Berhad (“IIB”) for the establishment of a Joint Venture Company (“JV Co”) (“Proposed Joint Venture”).

Pursuant thereto, we wish to announce that Intelsec has today, acquired two (2) ordinary shares of RM1.00 each in Inneonusa Sdn Bhd (“Inneonusa”) for a total consideration of RM2.00 (“Acquisition”).

Information on Inneonusa

Inneonusa was incorporated under the Companies Act, 1965 on 24 July 2014. The authorized capital of Inneonusa is RM25,000,000.00 divided into 25,000,000 ordinary shares of RM1.00 each, of which RM2.00 has been issued and fully paid-up.

Information on Intelsec

Intelsec was incorporated in Malaysia on 6 October 1995 as a private limited company. It has an authorised share capital of RM5,000,000.00 divided into 5,000,000 ordinary shares of RM 1.00 each, and a paid-up capital of RM3,000,000.00 divided into 3,000,000 ordinary shares of RM 1.00 each.

Intelsec is a wholly-owned subsidiary of TM and its principal activity is the provision of the supply, installation and maintenance of computerised security systems.

Rationale for the Acquisition

Inneonusa was acquired to be established as the JV Co to carry on the business of a managed services operating company to provide smart building services and smart city services, including inter-alia:-

a)to build, provision and manage the smart building services, including smart tenant services, for the building owners, operators, residents and visitors;

b)to design, build and operate smart city services, which include private smart city safety and security services, energy and facility management; and

c)to design, build and operate the smart city infrastructure for the provision and management of both smart building and smart city services.

Financial Impact

The Acquisition is not expected to have any material impact on the consolidated earnings of TM for the financial year ending 31 December 2014.

Interest of Directors and Substantial Shareholders

None of the Directors, substantial shareholders of the Company and/or persons connected to them have any interest, whether direct or indirect in the Acquisition.

This announcement is dated 24 September 2014.