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 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 (Collectively Referred To As "Proposals")

Back 27 Feb 2009
General Announcement
Reference No MM-090227-65696

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD
Company Name
:
 TM INTERNATIONAL BERHAD
Stock Name
:
 TMI
Date Announced
:
 27/02/2009


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

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN TMI 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

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Contents
:
-

Announcement Details :


We refer to our announcement dated 26 February 2009 in relation to the Proposals.

On behalf of TMI's Board of Directors, we are pleased to announce that an application to the Securities Commission has been made today for an 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 on the remaining voting shares in TMI not held by Khazanah after the Proposed Rights Issue.

This announcement is dated 27 February 2009.

These materials are not an offer of securities for sale in or into the United States of America ("U.S."), Canada or Japan. The securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) unless they are registered or exempt from registration. There will be no public offer of securities in the U.S..