In compliance with Paragraph 3.2 of PN17/2005, Talam wishes to inform that with the completion of the proposals under the Regularisation Plan as approved by the Securities Commission on 29 April 2008 upon the listing and quotation of the RCPS, RCSLS-B, RCSLS-C and RCSLS-D on the Main Board of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 1 July 2009, the Company will be making an application to Bursa Securities to uplift the Company from the PN17 status. Talam’s proposed divestment programme, which did not require the approval of the Securities Commission, is still on-going and the outstanding defaulted credit facilities will be settled in due course.

This announcement is dated 3 August 2009.