Contents :

(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, to enable the implementation of the Proposed Transaction.

TM is pleased to announce that the proposed Islamic Stapled Income Securities has been submitted to the Securities Commission for approval.

This announcement is dated 15 May 2007.