Investors

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

TM International Berhad ("TMI")
(i) Proposed Renounceable rights Issue of New Ordinary shares of RM1.00 Each in TMI ("TMI Shares") to Raise Gross Proceeds of Approximately RM5,250 Million ("Proposed Rights Issue");
(ii) Proposed Exemption For Khazanah Nasional Berhad ("Khazanah") From the Obligation to Carry Out A Mandatory Take-over Offer On the Remaining Voting Shares in TMI Not Held By Khazanah After The Proposed Rights Issue; and
(iii) Proposed Increase In TMI's Authorised Share Capital and Corresponding Amendments To TMI's Memorandum And Articles Of Association ("M&A")

Back 26 Feb 2009
General Announcement
Reference No MM-090226-64345

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 26/02/2009


Type
:
 Announcement
Subject
:
TM INTERNATIONAL BERHAD ("TMI")

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN TMI ("TMI SHARES") TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM5,250 MILLION ("PROPOSED RIGHTS ISSUE");

(II) PROPOSED EXEMPTION FOR KHAZANAH NASIONAL BERHAD ("KHAZANAH") FROM THE OBLIGATION TO CARRY OUT A MANDATORY TAKE-OVER OFFER ON THE REMAINING VOTING SHARES IN TMI NOT HELD BY KHAZANAH AFTER THE PROPOSED RIGHTS ISSUE; AND

(III) PROPOSED INCREASE IN TMI'S AUTHORISED SHARE CAPITAL AND CORRESPONDING AMENDMENTS TO TMI'S MEMORANDUM AND ARTICLES OF ASSOCIATION ("M&A")

Contents
:
On behalf of TMI's Board of Directors, CIMB Investment Bank Berhad is pleased to announce that TMI proposes to undertake the following:

(i) a renounceable rights issue of new TMI Shares to the entitled shareholders of TMI to raise gross proceeds of approximately RM5,250 million; and

(ii) an increase in TMI's authorised share capital from RM5,000 million comprising 5,000 million TMI Shares to RM12,000 million comprising 12,000 million TMI Shares and corresponding amendments to TMI's M&A.

In connection with the Proposed Rights Issue, Khazanah proposes to seek an exemption from the obligation to carry out a mandatory take-over offer on the remaining TMI Shares not held by Khazanah after the Proposed Rights Issue, to allow Khazanah to support the Proposed Rights Issue.

Please refer to the attachment for the full announcement.

Attachments
:
 Ann - TMI (Proposals) - 260209.doc