TALAM : Announcement on submission to Bursa for upliftment of PN17 status

General Announcement

Reference No TC-100503-43A0B

Company Name	:	TALAM CORPORATION BERHAD
Stock Name	:	TALAM
Date Announced	:	03/05/2010

Type	:	Announcement
Subject	:	TALAM CORPORATION BERHAD ("Talam" or "the Company") MONTHLY ANNOUNCEMENT ON STATUS OF REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17/2005 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("PN17/2005")
Contents	:	The Company wishes to announce on the status of the Regularisation Plan pursuant to PN17/2005 for the month of May 2010.
Announcement Details : In compliance with Paragraph 3.2 of PN17/2005, Talam wishes to inform that the proposals under the Regularisation Plan as approved by the Securities Commission ("SC") on 29 April 2008 has been completed 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. Talam's proposed divestment programme, which did not require the approval of the Securities Commission, is still on-going, and in this respect, Talam had entered into agreements with Menteri Besar Selangor Incorporated through which a portion of the proceeds will be used to make partial settlement of the Term Loan Facilities granted by TA First Credit Sdn Bhd and Insas Credit & Leasing Sdn Bhd respectively. Based on, inter-alia, the foregoing,  Talam had on 30 April 2010 made an application to Bursa Securities for its approval to uplift the Company from the PN17 status. This Announcement is dated 3 May 2010.

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