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 Subscription by TMI Mauritius Ltd ("TMI Mauritius"), A Wholly-owned Subsidiary of TMI, of 464,734,670 New Ordinary Shares of Indian Rupee ("RS.") 10 Each in Idea Cellular limited ("Idea"), Representing Approximately 14.99% of the Enlarged Issued Share Capital of Idea ("Proposed Subscription");
(II) Proposed Mandatory General Offer by Idea Together with TMI, TMI Mauritius, TMI India Ltd ("TMI India") and Green Acre Agro Services Private limited ("GAASPL") as Persons Acting in Concert ("PAC") With Idea, For the Remaining 137,985,050 Ordinary Shares of RS.10 Each In Spice Communications Limited ("Spice"), Not Held By Idea And The PAC ("Proposed Offer"); and
(III) Proposed Merger Of Spice And Idea ("Proposed Merger") (Collectively Referred To As The "Proposals")

Back 15 Jul 2008
General Announcement
Reference No MM-080715-63679

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 15/07/2008


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

(I) PROPOSED SUBSCRIPTION BY TMI MAURITIUS LTD ("TMI MAURITIUS"), A WHOLLY-OWNED SUBSIDIARY OF TMI, OF 464,734,670 NEW ORDINARY SHARES OF INDIAN RUPEE ("RS.") 10 EACH IN IDEA CELLULAR LIMITED ("IDEA"), REPRESENTING APPROXIMATELY 14.99% OF THE ENLARGED ISSUED SHARE CAPITAL OF IDEA ("PROPOSED SUBSCRIPTION");

(II) PROPOSED MANDATORY GENERAL OFFER BY IDEA TOGETHER WITH TMI, TMI MAURITIUS, TMI INDIA LTD ("TMI INDIA") AND GREEN ACRE AGRO SERVICES PRIVATE LIMITED ("GAASPL") AS PERSONS ACTING IN CONCERT ("PAC") WITH IDEA, FOR THE REMAINING 137,985,050 ORDINARY SHARES OF RS.10 EACH IN SPICE COMMUNICATIONS LIMITED ("SPICE"), NOT HELD BY IDEA AND THE PAC ("PROPOSED OFFER"); AND

(III) PROPOSED MERGER OF SPICE AND IDEA ("PROPOSED MERGER")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents
:
We refer to our announcement dated 25 June 2008 in relation to the Proposals.

On behalf of TMI, CIMB Investment Bank Berhad wishes to announce that TMI, TMI India and TMI Mauritius, both wholly-owned subsidiaries of TMI, together with GAASPL, Idea, Spice and Aditya Birla Nuvo Limited ("ABNL") have, on 14 July 2008, agreed to execute a new Shareholders Agreement relating to Spice ("Spice Shareholders Agreement") by 31 July 2008. The entry into the Spice Shareholders Agreement is pursuant to the terms of the Merger Cooperation Agreement that was entered into on 25 June 2008 between TMI, TMI Mauritius, TMI India, Spice, Idea, GAASPL and ABNL.


This announcement is dated 15 July 2008.