TELEKOM MALAYSIA BERHAD CONNECT COMMUNICATE COLLABORATE

CIMB 6th Annual Malaysia Corporate Day

Kuala Lumpur 8 January 2014

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

3

2

3

•Snapshot of TM

4

•TM 3Q2013 Results Performance

1 •Country & Industry Overview

5

•High Speed Broadband Update

•The Road Ahead: 2014

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

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

18.4 22.9 25.5 24.5 26.9 27.1 27.7 28.0 2.7

8.3

28.3 35.3 33.3 35.2 34.9 35.0

1.9 4.2 4.1 2.9 2.7 2.7

0

10

20

30

40

50

60

70

2008 2009 2010 2011 2012 1Q13 2Q13 3Q13

Fixed Wireless 1Malaysia Netbook

6,091 6,220 6,605 6,675 6,744 6,873 6,895 6,919

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2008 2009 2010 2011 2012 1Q13 2Q13 3Q13

Households

Households (‘000)

4

(%) Broadband Penetration Rate*/^

Country & Industry Overview

21.1

31.2

55.6 62.3 66.0

66.6 66.8 67.2

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 >2.2 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

TM 93%

Others 7%

Fixed Broadband* (2.35 mn customers)

TM’s Market Share as at 3Q2013

6

TM 72% Others

10%

AT&T 1%

PaduNet 4%

NTT 2%

TIME 4%

Maxis 2%

Jaring 2%

Verizon 2%

Orange 1%

DiGi 0%

~ RM 1.5 bn* market worth •Small players not included due to unavailability of published data

• DiGi combine WBB&MI revenue

Maxis 137 9%

Celcom 283 19%

Digi, 320 21%

TM 686 46%

Packet1 76 5%

~ RM 4.33 bn* market worth * Other players not included due to unavailability of published data

Maxis 1,140 26%

Digi, 1,020 24%

Celcom 1,258 29%

TM 892 21%

Time 18 0%

Voice Revenue 3Q13

(RM mn)

Broadband Revenue 3Q13

(RM mn)

Data* Revenue 1H2013

(RM mn)

~ RM 1.06bn* market worth for 1H2013

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

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

TM 98%

Others 2%

Fixed Line* (3.75mn customers)

*DEL only

*ADSL, SDSL and Fiber

TM’s Broadband and Data Market Share continues to grow

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

Jul-13

Oct-

13

T MK Equity

FBMKLCI Equity

•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

CREDIT RATING

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

TM Share price 2 Jan 2014: RM5.40 22 April 2008 : RM3.05

Snapshot of TM

TM Share Price Performance

YTD Growth (%) TM Share Price : -2.7% FBMKLCI : -0.8%

* as at 29 November 2013 •Note : EPF : Employees Provident Fund

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

Capital Repayment of 30sen per share (July 2012)

TM Shareholders*

Khazanah 28.7%

EPF 11.3%

Amanah Raya

13.1%

Foreign 12.4%

Free Float 34.5%

FBMKLCI^ 82.46%

TM^ 268.23%

AXIATA* 44.62%

MAXIS** 87.69%

DIGI^ 196.29%

Source: Bloomberg ^ For the period 22 April 2008 – 02 January 2014 * For the period 25 April 2008 – 02 January 2014 ** For the period 18 November2009 – 02 January 2014

Total Return to Shareholders (TRS)

Moody’s A3

S&P A-

Fitch A-

RAM AAA

7

204 245 270 611

749

3Q12 2Q13 3Q13 YTD12 YTD13

Normalised PATAMI

232 329 350

801 979

3Q12 2Q13 3Q13 YTD12 YTD13

2,375 2,614 2,611 7,184 7,649

3Q12 2Q13 3Q13 YTD12 YTD13

RM mn

RM mn

Normalised EBIT

Normalised PATAMI RM mn

Reported PATAMI

Revenue

8

Key 3Q2013 Highlights

241

901

668

214 301

+9.9%

-0.1%

+6.5%

+50.6%

+6.3%

+22.3%

+32.4%

+10.6%

+22.6%

9

3Q2013 Highlights: Group Total Revenue by Product

326 433 398

1,081 1,150

3Q12 2Q13 3Q13 YTD12 YTD13

543 606 635 1,558 1,826

3Q12 2Q13 3Q13 YTD12 YTD13

601 638 686 1,746

1,967

3Q12 2Q13 3Q13 YTD12 YTD13

905 936 892 2,799 2,706

3Q12 2Q13 3Q13 YTD12 YTD13

Voice 39%

Data 22%

Internet 24%

Others 15%

Voice 35%

Data 24%

Internet 26%

Others 15%

Data

RM mn

RM mn RM mn

Voice*

Others**

Internet* YTD13

YTD12

RM mn RM mn

RM mn

RM7,649mn

RM7,184mn

* 2Q13: Reclassification between Voice and Internet of RM30mn **Others comprise other telco and non-telco services (i.e ICT-BPO, MMU tuition fees, customer projects)

-1.4%

-4.7%

-3.3% +14.1%

+7.5%

+12.7%

+17.0%

+4.8%

+17.2% +22.1%

-8.1%

+6.4%

Sustained Internet and Data growth

10

3Q2013 Highlights: Group Total Revenue by Lines of Business

Retail 75%

Global & Wholesale

17%

Others 8%

Retail 75%

Global & Wholesale

16%

Others 9%

1,788 1,957 1,947 5,419

5,757

3Q12 2Q13 3Q13 YTD12 YTD13

201 244 222

572 664

3Q12 2Q13 3Q13 YTD12 YTD13

386 412 442

1,193 1,228

3Q12 2Q13 3Q13 YTD12 YTD13

Global & Wholesale

YTD13 YTD12 RM7,649mn RM7,184mn

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

Retail

RM mn RM mn RM mn

Others*

Retail (C+S+E+G): 75% Retail (C+S+E+G): 75%

+8.9%

-0.5%

+6.2% +14.5%

+7.3%

+2.9% +10.4%

-9.0%

+16.1%

Positive growth across all segments

32%

20%

48%

Support System* Core Network Access

407 356

YTD12 YTD13

11%

42%

47%

Support System* Core Network Access

1,012 752

YTD12 YTD13

21.1 20.4

17.6 17.2

19.5 21.3

11.3 11.1

8.2 6.6

6.2 6.2

4.3 3.5 0.9

0.8

YTD 12 YTD 13

Bad Debt

Marketing Expenses

Supplies & material

Maintenance Cost

Other operating cost

Manpower cost

Direct cost

Dep & Amortisation

RM6,482.3

89.1%

RM6,741.9

87.2%

RM mn

3Q2013 Highlights: CAPEX & OPEX

Business As Usual (BAU) Capex

HSBB Capex*

5.7

4.7

Note: * gross CAPEX

BAU Capex / Revenue

Cost % of Revenue ¹

1 Revenue = Operating Revenue + Other Operating Income

RM mn

Note: The classification of cost is as per financial reporting

YTD13

14.1 9.8

HSBB Capex / Revenue

YTD13

11

RM mn

Total Cost / Revenue ( %)

% of Revenue

30 Sept 13 31 Dec 12 30 Sept 13 31 Dec 12Return on Invested Capital 7.21% 6.67% Gross Debt to EBITDA 2.20 2.10

Return on Equity 14.62% 12.31% Net Debt/EBITDA 1.19 0.87

Return on Assets 5.91% 5.17% Gross Debt/ Equity 1.18 1.04

Current Ratio 0.93 1.03 Net Debt/ Equity 0.71 0.49

WACC 6.10% 6.10% Net Assets/Share (sen) 188.9 192.7

3

1

1

2

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

6,758.8

151.8

7,661.9

4,400.5

1,191.6

2,029.7

40.1

14,572.5

6,965.2

2,357.0

512.0

3,178.1

918.1

7,458.9

2,611.5

3,574.0

1,273.4

(493.7)

14,246.1

820.1

14,572.5

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 (Liabilities)/Assets*

Property Plant & Equipment

Other Non-Current Assets

As at 30 Sept 2013 RM Million

As at 31 Dec 2012

12

3Q2013 Highlights: Group Balance Sheet & Key Financial Ratios

3 Includes reclassification of long term debt due within the next 12 months to current liabilities (RM3.5bn)

Based on Normalised EBIT Based on Normalised PATAMI 2

1

*Due to reclassification of long term debt due within the next 12 months to current liability (RM1.5bn)

30 Sept 13 31 Dec 12 31 Dec 12 30 Sept 13

13

Physical Highlights as at 3Q2013

2,524 2,468 2,429 2,390 2,364 2,337 2,317

1,526 1,509 1,497 1,486 1,474 1,463 1,453

316 384 427 483 532 577 607

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Fixed Line Residential Fixed Line Business UniFi

1,356 1,330 1,309 1,296 1,292 1,291 1,290

302 297 292 287 285 285 287

316 384 427 483 532 577 607

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

Streamyx Residential Streamyx Business UniFi

269 325 359 406 448 484 509 46

58 68

77 84

93 98

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

UniFi Residential UniFi Business

Net adds (in thousand)

In thousand

In thousand

+7.7%

+1.4%

Broadband Customer Growth

Fixed Line Customer Growth

+43

4,370

2,109 1,974

4,366

+0.6%

+0.0%

+5.2%

Net adds (in thousand)

+42.2%

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

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

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

Fixed Line (DEL)* 34 35 34 32 31 32 31

Streamyx Broadband** 79 79 80 81 80 82 83

UniFi*** 181 178 181 181 178 180 183

ARPU

577

+45 +44

2,153

4,377

In thousand

+30

607 2,184

+31

4,377

Improved broadband ARPU; Healthy takeup in broadband – 42% Unifi takeup rate

High Speed Broadband Update

112 IPTV Channels Wider HyppTV offerings: HyppTV for Business, attractive packages, Hospitality Entertainment Solution HyppTV over Streamyx & HyppTV Everywhere

Delivered >1.47mn premises covering 103 exchanges Activated more than 630,000 customers ~43% takeup Gross capex spent todate: RM7bn Smart Partnerships with property developers

14

Streamyx 8Mbps launched in January 2013 > 841,000, or 39% of customers on high speed

broadband (4Mbps and above)

The Road Ahead: 2014

MALAYSIA’S BROADBAND CHAMPION TM’s brand equity of Trust and Reliability Enabling a digital lifestyle – Life Made Easier, Business Made Easier Innovative offerings across segments Continued enhancement of customer service

INFORMATION EXCHANGE Leverage on strengths and capabilities as an integrated ICT player for Managed Accounts Expand product portfolio i.e. Managed Services, BPO Beyond Connectivity - providing more end-to-end and value-added services (Global & Wholesale) Growth in data demand - expand mobile backhaul market share

15

THANK YOU

Appendix

17

18

Headline KPI

Headline KPIs

2013 2015

Revenue Growth

EBIT Growth

Customer Satisfaction Measure

6% 6%

3% 8%

72 72

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 :13/11/2008

19

Reiteration of Dividend Policy

20

Return to Shareholders

564 635

881

643 556

383

2010 2011 2012

Operational Non-Operational

2,959 3,108 3,195

2010 2011 2012

8,791 9,151 9,994

2010 2011 2012

+4.1%

Total Revenue

RM mn

Normalised EBITDA Margin (%)

RM mn

Normalised EBITDA

PATAMI

RM mn

33.5 33.1 31.6

1,191 1,207 1,264

Reported PATAMI (RMmn)

TM 3-year performance

963 980

1,150

2010 2011 2012

Normalised EBIT

21

+9.2% +5.1% +2.8%

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

Sustained growth in revenue and profitability

Voice 44%

Data 20%

Internet 19%

Others* 17%

1,653 2,001

2,372

2010 2011 2012

1,754 2,013 2,205

2010 2011 2012

3,863 3,734 3,706

2010 2011 2012

Voice Data Internet RM mn RM mn RM mn

2012 2011

Total Revenue by Product

+18.5%

2010

Non-voice Revenue now >60% of Group Revenue

Voice 41%

Data 22%

Internet 22%

Others* 15%

Voice 37%

Data 22%

Internet 24%

Others* 17%

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

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

22.3 23.0 20.1

20.4 16.6 17.0

18.9 20.2

19.9

11.6 11.7

11.6

5.6 6.5 8.5

5.7 6.5 6.3

4.3 4.5 4.2 0.7 0.8 0.6

2010 2011 2012

Bad Debt

Marketing Expenses

Supplies & Material

Maintenance Cost

Other Operating Cost

Manpower Cost

Direct Cost

Dep & Amortisation

511 401 338

308 343

278

309 395

276

2010 2011 2012 Access Core Network Support System*

RM mn

Business As Usual (BAU) Capex

HSBB Capex**

12.8 12.4

Note: **gross CAPEX

BAU Capex / Revenue

Cost % of Revenue ¹

1 Revenue = Operating Revenue + Other Operating Income

RM mn

Note: The classification of cost is as per financial reporting

HSBB Capex / Revenue

23

RM mn

Total Cost / Revenue ( %)

RM8,015.4

89.6%

RM8,313.2

89.7%

% of Revenue

CAPEX & OPEX

1,128 1,139

892

8.9

591 659 781

530 633

645

463 132 228

2010 2011 2012 Access Core Network Support System*

1,584 1,424

1,654

18.0 15.6 16.6

RM8,972.0

88.3%

*Include Application, Support System & Others (building, land improvement, moveable plants, application & other assets)

29 202

406 4

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%

24

Any queries please email to : Rohaila Mohamed Basir

Investor Relations Telekom 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