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Clarification On Speculative News Articles Regarding Investment In Vietnam

Back 28 Aug 2007
General Announcement
Reference No TM-070828-64152

Company Name
:
 TELEKOM MALAYSIA BERHAD 
Stock Name
:
 TM
Date Announced
:
 28/08/2007


Type : Announcement
Subject : CLARIFICATION ON SPECULATIVE NEWS ARTICLES REGARDING INVESTMENT IN VIETNAM

Contents :

We refer to the various news items entitled as follows:

1. 'Telekom may not return excess cash to shareholders. Firm looking at US$1b investment in Vietnam' reported in the Malaysian Reserve on 27 August 2007;

2. 'Telekom Malaysia Eyes Vietnam Military Telecom Buy - Report' reported by Dow Jones Kuala Lumpur on 27 August 2007; and

3. 'Telekom Malaysia may Invest $1 Billion in Vietnam, Reserve says' reported by Bloomberg on 27 August 2007.

Telekom Malaysia Berhad (TM) wishes to inform and clarify to the Exchange that the above news items were made pursuant to market speculation and as a matter of policy we do not comment on news which are speculative in nature.

TM would certainly make the necessary announcement to the Exchange on substantial investments at the appropriate time.