TM International Berhad ("TMI")
(i) Proposed Subscription by TMI Mauritius Ltd ("TMI Mauritius"), A Wholly-owned Subsidiary Of TMI, Of 464,734,670 New Ordinary Shares Of Indian Rupee ("RS.") 10 Each In iIdea Cellular Limited ("Idea"), Representing Approximately 14.99% Of The Enlarged Issued Share Capital Of Idea ("Proposed Subscription");
(ii) Proposed Mandatory General Offer By Idea Together With TMI, TMI Mauritius, TMI India Ltd ("TMI India") And Green Acre Agro Services Private Limited ("GAASPL") As Persons Acting In Concert ("PAC") With Idea, For the Remaining 137,985,050 Ordinary Shares Of Rs.10 Each In Spice Communications Limited ("Spice"), Not Held By Idea And The PAC ("Proposed Offer"); and
(iii) Proposed Merger Of Spice And Idea ("Proposed Merger") (Collectively Referred To As The "Proposals")
We refer to our announcements dated 25 June 2008, 31 July 2008 and 1 August 2008 in relation to the Proposals.
On behalf of TMI, CIMB Investment Bank Berhad is pleased to announce that Idea has issued and allotted the entire 464,734,670 new ordinary shares of Rs.10 each in Idea, representing approximately 14.99% of the enlarged issued share capital of Idea, under the Proposed Subscription, and TMI group has paid in full the subscription price for these shares, in tranches from 7 August 2008 to 13 August 2008.
Accordingly, the Proposed Subscription has been completed on 13 August 2008.
This announcement is dated 14 August 2008.