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Article Entitled "TM International Sets Sights On Regional Growth"

Back 13 Jun 2008
General Announcement
Reference No TI-080613-301FB

Submitting Merchant Bank
:
 N/A 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 13/06/2008


Type
:
 Reply to query
Reply to Bursa Malaysia's
Query Letter - Reference ID
:
 NM-080612-44998
Subject
:
ARTICLE ENTITLED "TM INTERNATIONAL SETS SIGHTS ON REGIONAL GROWTH"

Contents
:
We refer to the Bursa Malaysia Securities Berhad's letter dated 12 June 2008 in relation to the above article which appeared in the New Straits Times, Biz News on Thursday, 12 June 2008, with particular reference to the following:

(i) "TMI is not a seller of Spice to a third party, but we are open to industry consolidation…"

(ii) "…TMI may merge its Indian mobile assets with that country's sixth largest mobile player, Idea Cellular Ltd, via a preference share deal…"

(iii) "…TMI will own not more than 15 percent of Idea…"

With respect to item (i) above, we wish to confirm that the statement is true as TMI has no intention to exit from India and has been open to consolidation.

In light of the above and with respect to items (ii) and (iii) above, we wish to clarify that TMI has had discussions with various parties on opportunities to increase our participation in the Indian mobile telecommunications industry either through organic rollout/infrastructure sharing or through inorganic means. However, no firm decisions have been made with respect to such expansion.

In the event of any conclusive and final decisions being made by TMI, we will release the relevant announcement to Bursa Malaysia Securities Berhad.

This announcement is dated 13 June 2008.

Query Letter
content
:
We refer to the above news article appearing in the New Straits Times, Biz
News, page 36, on Thursday, 12 June 2008, a copy of which is enclosed for your
reference.

In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-

"TMI is not a seller of Spice to a third party..."
"...TMI may merge its Indian mobile assets with that country's sixth largest
mobile player, Idea Cellular Ltd, via a preference share deal..."
"...TMI will own not more than 15 per cent of Idea."

In accordance with the Securities Exchange's Corporate Disclosure Policy, we
would be grateful if you could furnish Bursa Securities with an announcement
for public release confirming or denying the above article and in particular
the underlined sentences after due and diligent enquiry with all the directors,
major shareholders and all such persons reasonably familiar with the matter
about which the disclosure is to be made in this respect. In the event you deny
the above sentences or any other part of the above reported article, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above sentences or any other part of the
above reported article, you are required to set forth facts sufficient to
support the same.












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ARTICLE ENTITLED: "TM International sets sights on regional growth"


Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully




INDERJIT SINGH
Head
Listing Division
Group Regulations

TYE/NMA


c.c:- Head
Market Surveillance Department
Market Supervision Division
Securities Commission (via fax)

Announcement Details :