TELEKOM MALAYSIA BERHADCONNECT COMMUNICATE COLLABORATE

INVEST MALAYSIA 201313-14 June 2013

Kuala Lumpur

This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities

and neither this presentation nor anything contained in it shall form the basis of, or be relied on in connection with any contract or commitment or

investment decision.

This presentation has been prepared solely for use at this presentation. By your continued attendance at this presentation, you are deemed to

have agreed and confirmed to Telekom Malaysia Berhad (the “Company”) that: (a) you agree not to trade in any securities of the Company or its

respective affiliates until the public disclosure of the information contained herein; and (b) you agree to maintain absolute confidentiality

regarding the information disclosed in this presentation until the public disclosure of such information, or unless you have been otherwise

notified by the Company.

Reliance should not be placed on the information or opinions contained in this presentation or on its completeness. This presentation does not

take into consideration the investment objectives, financial situation or particular needs of any particular investor.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information,

opinions and conclusions contained in this presentation. None of the Company and its affiliates and related bodies corporate, and their

respective officers, directors, employees and agents disclaim any liability (including, without limitation, any liability arising from fault or

negligence) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with it.

This presentation contains projections and “forward-looking statements” relating to the Company’s business and the sectors in which the

Company operates. These forward-looking statements include statements relating to the Company’s performance. These statements reflect the

current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. It is important to note

that actual results could differ materially from those anticipated in these forward looking statements. The Company does not undertake to inform

you of any matters or information which may come to light or be brought to the Company’s attention after the date hereof.

The forecasts and other forward-looking statements set out in this presentation are based on a number of estimates and assumptions that are

subject to business, economic and competitive uncertainties and contingencies, with respect to future business decisions, which are subject to

change and in many cases outside the control of the Company. The directors and officers of the Company believe that they have prepared the

forecasts with due care and attention and consider all best estimates and assumptions when taken as a whole to be reasonable at the time of

preparing the presentation. However, the Company’s forecasts presented in this presentation may vary from actual financial results, and these

variations may be material and, accordingly, neither the Company nor its directors or officers can give any assurance that the forecast

performance in the forecasts or any forward-looking statement contained in this presentation will be achieved. Details of the forecasts and the

assumptions on which they are based are set out in the presentation.

This presentation may not be copied or otherwise reproduced without the written consent of the Company.

Disclaimer

2

2

3

•Snapshot of TM

4

•TM 3-Year Performance

1 •Country & Industry Overview

3

•Awards and Recognition5

•The Road Ahead: PIP 3.06

•Unifi Updates

6,091 6,2206,605 6,675 6,744 6,725

0

2,000

4,000

6,000

8,000

2008 2009 2010 2011 2012 1Q13

Households

Households (‘000)

4

18.4 22.9 25.5 24.5 28.6 29.92.7

8.3

28.3 35.336.4 39.4

1.94.2

4.1

0

20

40

60

80

2008 2009 2010 2011 2012 1Q13

Fixed Wireless 1Malaysia Netbook***

(%)

21.1

31.2

55.662.3

66.0 66.6

Broadband Penetration Rate*/^

Source : Malaysia Communications & Multimedia Commission (MCMC)Note: *per 100 households **per 100 inhabitants

^The household penetration rate is calculated based on households and not subscriptions. A household with multiple subscription is counted as 1

Country & Industry Overview

Malaysia’s broadband champion and leading

integrated information and communication

company with over 60 years of experience

In 2008, demerged its mobile and fixed services

TM today:

Malaysia’s leading ISP with >2.1 million

broadband customers

Malaysia’s premier BPO provider

Malaysia’s largest fixed data provider with

>50% market share

Enhanced global capacity

Snapshot of TM

5

•Authorized Capital RM3,528,003,015•Issued and Paid-up Capital RM2,504,184,213•Date of Incorporation 12 October 1984•Date of Listing 7 November 1990

A3Moody’s

S&P A-

Fitch A-

CREDIT RATING

RAM AAA

Snapshot of TM

* as at 31 May 2013•Note : EPF : Employees Provident Fund

Source : TM Website (www.tm.com.my)

TM Shareholders*

800

1,000

1,200

1,400

1,600

1,800

2,000

1.00

2.00

3.00

4.00

5.00

6.00

7.00

Apr-

08

Jul-08

Oct-

08

Jan-0

9

Apr-

09

Jul-09

Oct-

09

Jan-1

0

Apr-

10

Jul-10

Oct-

10

Jan-1

1

Apr-

11

Jul-11

Oct-

11

Jan-1

2

Apr-

12

Jul-12

Oct-

12

Jan-1

3

Apr-

13

T MK Equity

FBMKLCI Equity

Source : Bloomberg Capital Distribution of 29sen per share (May 2011)Capital Repayment of 98sen per share (May 2009)

TM Share price 11 June 2013: RM5.4522 April 2008 : RM3.05

TM Share Price Performance

YTD Growth (%)TM Share Price : -9.8% FBMKLCI : +5.4%

Capital Repayment of 30sen per share (July 2012)

6

TM Provides Amongst Highest Return to Shareholders

Source: Bloomberg

Dividend payout exceeded RM700mn in 2012

7

1 For the period since demerger (22/4/2008 to 11/6/2013)

12 3

1

564 635

881

643556

383

2010 2011 2012

Operational Non-Operational

2,9593,108 3,195

2010 2011 2012

8,791 9,151 9,994

2010 2011 2012

Financial Highlights 2010-2012

+4.1%

Total Revenue

RM mn

Normalised EBITDA Margin (%)

RM mn

Normalised EBITDA

PATAMI

RM mn

33.533.1 31.6

1,1911,207 1,264

Reported PATAMI (RMmn)

TM 3-year performance

963 980

1,150

2010 2011 2012

Normalised EBIT

8

+9.2% +5.1% +2.8%

+1.8% +17.3%-1.3% +6.1%

Voice44%

Data20%

Internet19%

Others*17%

1,6532,001

2,372

2010 2011 2012

1,754 2,013 2,205

2010 2011 2012

3,863 3,734 3,706

2010 2011 2012

VoiceDataInternet

RM mnRM mn RM mn

20122011

Total Revenue by Product

+18.5%

2010

Non-voice Revenue now >60% of Group Revenue

Voice41%

Data 22%

Internet22%

Others*15%

Voice 37%

Data22%

Internet24%

Others*17%

+21.1% +9.5%+14.8% -0.7%-3.3%

9*”Others” comprise other telco and non-telco services i.e ICT-BPO, MMU tuition fees, customer projects, Yellow Pages

29202

4064

35

77

2010 2011 2012

UniFi Residential UniFi Business

4,334 4,112 3,876

33 237 483

2010 2011 2012

DEL Unifi

1,680 1,686 1,583

33 237 483

2010 2011 2012

Streamyx Unifi

Broadband and Fixed Line customers

Total Broadband Customers

In thousand

In thousand

1,713

4,367 4,349 4,359

+7.4%

1,923 2,066

Strong broadband growth led by Unifi

Fixed Line Customers

UniFi Customers

In thousand

33

237

483

+12.3%

+0.2%-0.4%

+103.8%+618.2%

10

UniFi Update

112 IPTV Channels Wider HyppTV offerings: HyppTV for Business,

Mega Pack, Platinum Pack, Ruby Pack & Sports Pack HyppTV over Broadband & HyppTV Everywhere in

3Q2013

Delivered >1.4 mn premises covering 102 exchanges Activated more than 560,000 customers todate Gross capex spent todate: RM6.4bn Smart Partnerships with property developers

11

Awards & Recognition for TM and HSBB

TM continued to receive local and international recognition

FROST & SULLIVAN MALAYSIA EXCELLENCE AWARDS (2005-2012)

• Service Provider of the Year (3-time winner)

• Broadband Service Provider of the Year

(7-time winner)

• Data Communications Service Provider

of the Year (8-time winner)

• Managed Service Provider of the Year (4-

time winner)

TV CONNECTS INDUSTRY AWARDS 2013(previously IP & TV World Awards)

• HyppTV for Best Live Online TV Service or

Solution

FROST & SULLIVAN ASIA PACIFIC ICT AWARDS 2012

• Fixed Broadband Service Provider of the Year

“Amongst the fastest fibre rollout in the world – End-to-end infra in 18 months plus IPTV service in 6 months”

McKinsey & Co

“TM’s choice of architecture … made it one of the fastest and lowest cost HSBB deployments in the world”

BT Telconsult

“Malaysia is the fastest growing FTTH market in South East Asia and is a success story for FTTH globally”

Frank JafferPresident FTTH Council AP

12

Performance Improvement Program 3.0

• Information

Exchange

aspiration

• Changing

business

dynamics

Continued Growth

Fundamental Productivity

Shift

Improve Institutional

Health Drivers

• Voice and broadband• New opportunities, ie content

and enhanced offerings

• Best practice cost and capital efficiencies

• Process optimisation• Migration to all-IP

• Accelerate transformation into a customer-centric organisation

• Increased focus on key customer segments

Underlying Principles of COOL, TWP & KRISTAL Values

13

THANK YOU

Appendix

15

16

Headline KPI

Headline KPIs

2013 2015

Revenue Growth

EBIT Growth

Customer Satisfaction Measure

6% 6%

3% 8%

72 72

1: For the period since 22 April 2008 – 11 June 2013

Source: Bloomberg

Highest Return to Shareholders

2: For the period since 18 November 2009 – 11 June 20133: For the period since 25 April 2008 – 11 June 2013

TM vs. FBM KLCI TM vs. Digi

TM vs. Maxis TM vs. Axiata

1

2

1

3

17

Telekom Malaysia Berhad ("the Company" or "TM") issues a statement to reiterate its stand on the Company's dividend policy. The

Company’s dividend policy as announced at the time of the demerger between TM and TM International Berhad (TMI) remains

valid. The policy states as follows:

“In determining the dividend payout ratio in respect of any financial year after the Proposed Demerger, our Company intends to

adopt a progressive dividend policy which enables us to provide stable and sustainable dividends to our shareholders while

maintaining an efficient capital structure and ensuring sufficiency of funding for future growth.

Upon completion of the Proposed Demerger, our Company intends to distribute yearly dividends of RM700 million or up to 90% of

our normalised PATAMI, whichever is higher.

Dividends will be paid only if approved by our Board out of funds available for such distribution. The actual amount and timing of

dividend payments will depend upon our level of cash and retained earnings, results of operations, business prospects,

monetization of non-core assets, projected levels of capital expenditure and other investment plans, current and expected

obligations and such other matters as our Board may deem relevant.”

This policy remains unchanged for 2009 and beyond. The Company is currently able to meet this dividend policy, because:

• The Company has sufficient consolidated cash and bank balances of RM1.144 billion as at 30 September 2008, and it is

confident that TMI is able to meet its obligation due to TM of RM4.025 billion by April 2009.

• In the event of a downturn in performance due to unforeseen circumstances, the Company wishes to state that its recurring cash

generation ability is sufficient to meet its current dividend policy.

• TM’s retained earnings is also sufficient to support this current dividend policy in the event of unforeseen shortfalls in normalised

PATAMI.

Given the unprecedented volatility in global markets, the Company will continue to examine the likely impact on its business,

cashflow generation, capital structure and methods in which excess cash beyond the dividend policy and prudent level of cash

required for operations, can be efficiently distributed to our shareholders.

Moving forward, TM is focused on building a strong foundation for its future growth and operational excellence.

TELEKOM MALAYSIA BERHAD (Bursa Malaysia Announcement Reference No TM-081113-37325)

Date Announced :13/11/200818

Reiteration of Dividend Policy

19

Return to Shareholders

~ RM 1.4 bn* market worth•Small players not included due to unavailability of published data

• DiGi combine WBB&MI revenue

Maxis14911%

Celcom256 18%

Digi,26519%

TM64446%

Packet1 816%

~ RM 4.5 bn* market worth* Other players not included due to unavailability of published data

Maxis 1,28329%

Digi,97822%

Celcom1,306 29%

TM87820%

Time180%

TM’s Market Share as at 1Q2013

Voice Revenue 1Q13

(RM mn)

Broadband Revenue 1Q13

(RM mn)

Data* Revenue 1H2012

(RM mn)

~ RM 0.85bn* market worthfor 1H2012

Source: MCMC, Company Financial Results; Group Regulatory & BMI Team Analysis

*Data comprises of IPVPN, Leased Line, ISDN, Metro-Ethernet, Frame Relay and ATM services

TM98%

Others2%

Fixed Line*(3.81mn customers)

*DEL only

TM67%

Others11%

AT&T1%

PaduNet6%

NTT2%

TIME5%

Maxis2%

Jaring2%

Verizon2%

Orange2%

DiGi0%

TM88%

Others 12%

Fixed Broadband* (2.4 mn customers)

*ADSL, SDSL and Fiber

20

20

183

288234

1Q12 4Q12 1Q13

Normalised PATAMI

2,3842,809

2,425

1Q12 4Q12 1Q13

274

349

300

1Q12 4Q12 1Q13

RM mn

Normalised EBITDA Margin (%)

RM mn

Normalised EBIT

PATAMIRM mn

11.4

Reported PATAMI

12.2

Revenue

21

Key 1Q2013 Highlights

12.3

251 363 213

-14.9%

-41.3%

+9.5%

-14.0%

+1.7%

-13.7%

Voice40%

Data21%

Internet24%

Others15%

Voice36%

Data24%

Internet27%

Others13%

359

630

318

1Q12 4Q12 1Q13

514646 585

1Q12 4Q12 1Q13

563 626 644

1Q12 4Q12 1Q13

948 907 878

1Q12 4Q12 1Q13

Data

RM mn

RM mn RM mn

Voice

Others*

Internet1Q13

1Q12

RM mnRM mn

RM mn

RM2,425mn

RM2,384mn

*”Others” comprise other telco and non-telco services i.e ICT-BPO, MMU tuition fees, customer projects, Yellow Pages

-7.4%

-3.2%

22

+14.4%

+2.9%

+13.8%

-9.4%

-11.4%

-49.5%

1Q2013 Highlights: Group Total Revenue by Product

Retail75%

Global & Wholesale

17%

Others7%

Retail76%

Global & Wholesale

15%

Others8%

1,800 2,035 1,854

1Q12 4Q12 1Q13

177

318

197

1Q12 4Q12 1Q13

407 457374

1Q12 4Q12 1Q13

Global & Wholesale

1Q13 1Q12RM2,425mn RM2,384mn

* Others comprise revenue from VADS, Property Development, TM R&D, TMIM, UTSB and MKL

Retail

RM mnRM mnRM mn

Others*

23

+3.0%

-8.9%

-8.1%

-18.2%

+11.3%

-38.1%

1Q2013 Highlights: Group Total Revenue by Lines of Business

4,050 3,977 3,926 3,876 3,838

316 384 427 483 532

1Q12 2Q12 3Q12 4Q12 1Q13

Fixed Line UniFi

1,658 1,627 1,601 1,583 1,577

316 384 427 483 532

1Q12 2Q12 3Q12 4Q12 1Q13

Streamyx UniFi

269 326 359 406 44847

5868

7784

1Q12 2Q12 3Q12 4Q12 1Q13

UniFi Residential UniFi BusinessNet adds (in thousand)

In thousand

In thousand

+6.8%

+2.1%

Broadband Customer Growth

Fixed Line Customer Growth

+43

4,370

2,1091,974

4,366

+0.1%

+0.3%

+10.1%

Net adds (in thousand)

+68.4%

532

316

UniFi

+37

2,011

+49

+68

384

4,361

2,028

427

+43

+17

4,353

2,066

+38 +56

483

4,359

24

*Call Usage Only ** Streamyx Net ARPU *** Blended ARPU

ARPU (RM) 1Q12 2Q12 3Q12 4Q12 1Q13

Fixed Line (DEL)* 34 35 34 32 32

Streamyx Broadband** 79 79 80 81 82

UniFi*** 181 178 181 181 178

ARPU

Physical Highlights as at 1Q2013

Strong Broadband growth led by Unifi, Stable ARPU

16%

74%

10%

Core Access Support System

189 168

1Q12 1Q13

98

68

1Q12 1Q13

16%

54%

30%

Core Access Support System

21.2 20.7

18.2 17.5

19.3 22.5

10.211.0

7.56.0

6.1 5.63.9 3.32.2 1.3

1Q12 1Q13

Bad Debt

Marketing Expenses

Supplies & material

Maintenance Cost

Other operating cost

Manpower cost

Direct cost

Dep & Amortisation

RM mn

1Q2013 Highlights: CAPEX & OPEX

Business As Usual (BAU)

HSBB*

4.1

2.8

Note: * gross CAPEX

BAU Capex / Revenue

Cost % of Revenue ¹

Total Cost / Revenue ( %)

1 Revenue = Operating Revenue + Other Operating Income

RM mn

Note: The classification of cost is as per financial reporting

1Q13

7.96.9

HSBB Capex / Revenue

1Q13

RM2,138.4

88.7%

RM2,157.3

87.9%

% of Revenue

25

6,894.8

165.2

8,513.7

5,130.2

1,202.6

2,129.4

51.5

15,573.7

6,808.8

1,740.9

466.1

3,738.7

863.1

6,622.2

3,545.5

2,010.2

1,066.5

186.6

14,637.6

749.5

15,573.7

7,098.9

174.3

8,485.8

5,139.4

1,191.6

2,082.6

72.2

15,759.0

7,151.1

2,063.5

444.0

3,759.1

884.5

6,548.0

3,025.1

2,209.2

1,313.7

603.1

14,383.8

772.1

15,759.0

As at 31 Mar 2013

Shareholders’ Funds

Non-Controlling Interests

Deferred & Long Term Liabilities

Long Term Borrowings

Deferred Tax

Deferred Income

Derivative financial liabilities

Current Assets

Trade Receivables

Other Receivables

Cash & Bank Balances

Others

Current Liabilities

Trade and Other Payables

Short Term Borrowings

Others

Net Current Assets

Property Plant & Equipment

Other Non-Current Assets

RM MillionAs at 31 Dec 2012

26

1Q2013 Highlights: Group Balance Sheet & Key Financial Ratios

31 Mar 13 31 Dec 12 31 Mar 13 31 Dec 12Return on Invested Capital 6.79% 6.67% Gross Debt to EBITDA 2.25 2.10

Return on Equity 13.38% 12.31% Net Debt/EBITDA 1.08 0.87

Return on Assets 5.39% 5.17% Gross Debt/ Equity 1.04 1.04

Current Ratio 1.09 1.03 Net Debt/ Equity 0.51 0.49

WACC 6.04% 6.10% Net Assets/Share (sen) 198.4 192.7

31 Mar 1331 Dec 12

1

Based on Normalised PATAMI2

1

31 Dec 1231 Mar 13

2

Based on Normalised EBIT1

Any queries please email to : Rohaila Mohamed Basir

Investor RelationsTelekom Malaysia Berhad

investor@tm.com.my

•Investor Relations• Level 11 (South Wing)• Menara TM•Jln Pantai Baharu •50672 Kuala Lumpur, Malaysia • Tel (603) 2240 4848/ 7366 / 7388