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Not for distribution in the United States of America
We refer to our announcements dated 6 February 2008, 15 February 2008 and 20 February 2008 in relation to the Proposed Acquisition. On behalf of TM’s Board of Directors, we are pleased to announce that the Securities Commission (“SC”) had, through its letter dated 13 March 2008, approved the exemption for Khazanah, under Practice Note 2.9.1 of the Malaysian Code on Take-Overs and Mergers, 1998, from the obligation to carry out a mandatory take-over offer to acquire the remaining voting shares in TM International not held by Khazanah pursuant to the issuance of new TM International shares under the Proposed Acquisition, subject to the following conditions: (i) Khazanah shall disclose to the SC its dealings in securities in TM International for a 12-month period from the date of the granting of the exemption; and (ii) CIMB Investment Bank Berhad / Khazanah shall inform the SC of the completion of the Proposed Acquisition. This announcement is dated 14 March 2008. This announcement is not an offer for sale of securities in any jurisdiction, including in the United States of America (“US”). Securities may not be offered or sold in the US absent registration or an exemption from registration under the US Securities Act 1933, as amended. None of TM, TM International or any seller of securities intends to register any portion of the offering in the US or to conduct a public offering of securities in the US.