Contents :

• • To obtain all necessary approvals from all relevant parties in relation to the Islamic Stapled Income Securities;
  • To disclose in writing to potential investors that each Islamic Stapled Income Securities issue will carry different risks and all potential investors are strongly encouraged to evaluate each Islamic Stapled Income Securities issue on its own merit; and
  • To comply fully with all the relevant requirements as stipulated in the Policies and Guidelines on Issue/Offer of Securities relating to the Implementation of the proposed issuance of NCRPS.
On 10 April 2007, Telekom Malaysia Berhad ("TM") announced its proposal to issue up to RM3,000 Million Islamic Stapled Income Securities ("Islamic Stapled Income Securities") which consist of: -

(a) (i) Class C Non-Convertible Redeemable Preference Shares ("NCRPS") consisting of up to 2,000 Class C NCRPS; which are linked to

(ii) Sukuk Ijarah Class A of nominal value up to RM1,998,000,000.00; and

(b) (i) Class D NCRPS consisting of up to 1,000 Class D NCRPS; which are linked to

(ii) Sukuk Ijarah Class B of nominal value up to RM999,000,000.00,

(collectively, the "Proposed Transaction").


On 8 May 2007, TM announced that the shareholders, at an Extraordinary General Meeting have duly approved the relevant resolutions, subject to inter alia, approval from the Securities Commission (“SC”), to enable the implementation of the Proposed Transaction.

On 15 May 2007, TM announced that the proposed Islamic Stapled Income Securities has been submitted to the SC for approval.


TM is pleased to announce that the SC has vide its letter dated 7 June 2007, given its approval for the proposed Islamic Stapled Income Securities, subject to inter alia, the following conditions:

This announcement is dated 8 June 2007.