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Telekom Malaysia Berhad ("TM") (i) Proposed Demerger Of the tm Group ("Proposed Demerger"); (ii) Proposed Listing of the Entire Issued and Paid-up Ordinary Share Capital Of TM International Berhad ("TM International") On the Main Board Of Bursa Malaysia Securities berhad ("Bursa Securities"); (iii) Shareholders' Mandate For the Issuance Of Up To 10% Of The Share Capital Of TM International ("Shareholders' Mandate"); And (iv) Proposed Acquisition By TM International And Indocel Holding Sdn Bhd, Both Wholly-Owned Subsidiaries of TM, From Khazanah Nasional Berhad Of Equity Interests In Sunshare Investments Ltd And Pt Excelcomindo Pratama Tbk ("Proposed Acquisition") (Collectively Referred To As The "Proposals")

01 April 2008

Type

 Announcement
Subject TELEKOM MALAYSIA BERHAD ("TM")

(I) PROPOSED DEMERGER OF THE TM GROUP ("PROPOSED DEMERGER");

(II) PROPOSED LISTING OF THE ENTIRE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF TM INTERNATIONAL BERHAD ("TM INTERNATIONAL") ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES");

(III) SHAREHOLDERS’ MANDATE FOR THE ISSUANCE OF UP TO 10% OF THE SHARE CAPITAL OF TM INTERNATIONAL ("SHAREHOLDERS' MANDATE"); AND

(IV) PROPOSED ACQUISITION BY TM INTERNATIONAL AND INDOCEL HOLDING SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF TM, FROM KHAZANAH NASIONAL BERHAD OF EQUITY INTERESTS IN SUNSHARE INVESTMENTS LTD AND PT EXCELCOMINDO PRATAMA TBK ("PROPOSED ACQUISITION")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents :

We refer to our announcements dated 10 December 2007, 6 February 2008 and 22 February 2008 in relation to, amongst others, the Proposals.


On behalf of TM’s Board of Directors, we, CIMB Investment Bank Berhad (“CIMB”), are pleased to announce that the Securities Commission (“SC”) and the SC (on behalf of the Foreign Investment Committee) had, through its letter dated 28 March 2008, approved the Proposed Acquisition.

The approval of the SC is subject to CIMB and TM International informing the SC of the completion of the Proposed Acquisition, and CIMB to provide a confirmation to the SC that TM International has complied with the terms and conditions of the approval and all other relevant requirements in relation to the Proposed Acquisition under the SC’s Policies and Guidelines on Issue/Offer of Securities.

We are also pleased to announce, on behalf of TM’s Board of Directors, that Bursa Securities had, through its letter dated 31 March 2008, granted its approval-in-principle for the listing of up to 4,111,142,273 ordinary shares of RM1.00 each in TM International to be issued pursuant to the Proposed Demerger, Shareholders’ Mandate and Proposed Acquisition, on the Main Board of Bursa Securities.


This announcement is dated 1 April 2008.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 1 Apr 2008
Category General Announcement
Reference No MM-080401-67168