Investors

Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.

Proposed Disposal by Indocel Holding Sdn Bhd ("Indocel"), A Wholly-owned Subsidiary of TM International Berhad ("TMI"), of Part of its Equity Interest in PT Excelcomindo Pratama TBK ("XL") ("Proposed Share Disposal"); and Proposed Mandate In Relation to the Planned sale By XL of Its Telecommunications Towers And Certain Related Assets ("Proposed Sale Of Towers") (Collectively Referred To As The "Proposals")

Back 04 Sep 2008

General Announcement
Reference No TI-080904-0BC98

Submitting Merchant Bank
:
 N/A 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 04/09/2008


Type
:
 Announcement
Subject
:
PROPOSED DISPOSAL BY INDOCEL HOLDING SDN BHD ("INDOCEL"), A WHOLLY-OWNED SUBSIDIARY OF TM INTERNATIONAL BERHAD ("TMI"), OF PART OF ITS EQUITY INTEREST IN PT EXCELCOMINDO PRATAMA TBK ("XL") ("PROPOSED SHARE DISPOSAL"); AND

PROPOSED MANDATE IN RELATION TO THE PLANNED SALE BY XL OF ITS TELECOMMUNICATIONS TOWERS AND CERTAIN RELATED ASSETS ("PROPOSED SALE OF TOWERS")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents
:
We refer to our announcements dated 6 August 2008, 20 August 2008 and 27 August 2008 in relation to the Proposals.

Announcement Details :

We wish to announce that the shareholders of XL had approved the following at the Extraordinary General Meeting of Shareholders of XL held on 3 September 2008:


(a) a proposed plan for XL to provide assistance to Indocel Holding Sdn Bhd in relation to the Proposed Share Disposal; and

(b) the Proposed Sale of Towers.

This announcement is dated 4 September 2008.

This is not an offer of XL Shares for sale or a solicitation of offers to buy XL Shares. The XL Shares may not be offered or sold in the United States absent registration or an exemption from registration, or in any other jurisdiction except in compliance with applicable laws. Any offering of XL Shares will only be made by means of an offering document in compliance with applicable laws. XL does not intend to register any portion of the XL Shares in the United States or elsewhere or to conduct a public offering of XL Shares in the United States or any other jurisdiction