General Announcement
Reference No TC-070430-58234

Company Name	:	TALAM CORPORATION BERHAD
Stock Name	:	TALAM
Date Announced	:	30/04/2007


Type	:	Announcement
Subject	:	TALAM CORPORATION BERHAD [“TALAM or the Company”] PROPOSED DISPOSAL OF A LEASEHOLD LAND HELD UNDER PM 1038, LOT 2374, MUKIM OF EMPANGAN, DISTRICT OF ULU LANGAT, STATE OF SELANGOR TOGETHER WITH A HOSPITAL OFFICE BUILDING OF 6 FLOORS AND A MEDICAL OFFICERS’ BLOCK OF 3 FLOORS BY PANDAN INDAH MEDICAL MANAGEMENT SDN BHD, A WHOLLY OWNED SUBSIDIARY OF TALAM, TO HOSPITAL PANTAI INDAH SDN BHD FOR A TOTAL CONSIDERATION OF RM63,500,000.00 (“PROPOSED DISPOSAL”)

Contents :

We refer to our announcement dated 19 April 2007 and 25 April 2007 in respect of the Proposed Disposal. We herewith furnish the following information as requested:-

(1) FINANCIAL EFFECT

The effect of the Proposed Disposal on the gearing ratio of the Company based on its audited consolidated financial statements for year ended 31 January 2006 is expected to as follows:-

	Audited as at 31 January 2006	After the Proposed Disposal
Gearing ratio (times)	2.64	2.29

(2) LIABILITY TO BE ASSUMED

To the best knowledge of the Directors of Talam, there are no liabilities to be assumed by Hospital Pantai Indah Sdn Bhd (“HPISB”) arising from the Proposed Disposal as the Property shall be acquired free from encumbrances and on “as is where is” basis.

(3) ESTIMATED TIME FRAME FOR SUBMISSION OF THE APPLICATION TO THE RELEVANT AUTHORITIES

The applications to the relevant authorities in respect of the Proposed Disposal shall be made within the reasonable time frame upon the signing of the Sale and Purchase Agreement (“SPA”).

(4) SALIENT TERMS OF THE SPA

(a)

(b)

The SPA is conditional upon the following:-

(i)

(ii)

(iii)

(iv)

(5) ESTIMATED TIME FRAME FOR COMPLETION

(6) DEPARTURE FROM THE COMMISSION’S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES (“SC GUIDELINES”)

To the best knowledge of the Board, the Proposed Disposal has not departed from SC Guidelines.

(7) INFORMATION ON THE PROPERTY

(a)

(b)

(8) DOCUMENTS FOR INSPECTION

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