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Investor Relations With corporate governance and transparency as key guiding principles, M1 is committed to providing the investment community, shareholders and other interested parties with timely, relevant, clear and accurate information with which to form an informed opinion of the Company. In the latest Business Times Corporate Transparency Index, M1 was ranked 3rd out of 675 Singapore-listed companies for the level, quality and timeliness of disclosure of its financial results. In line with the above key guiding principles, M1 continued to maintain open communication with all interested parties during the year. In 2007, M1 released quarterly, interim and full-year results to the public within one month of period end. All materials relating to our results including presentation slides were made available immediately on our website, after mandatory posting with the Singapore Exchange (SGX). Presentations, followed by question and answer sessions, for analysts and the media were held jointly on the same day of every results announcement, including an in-person briefing conducted at a centrally located venue for the full-year results. Audio webcasts of these events were also made available on our website. As at 26 February 2008, the free float^ of M1 shares was 37.0%, with the majority shares continued to be held by institutional investors across Asia, UK and USA. As such, senior management’s time is focused accordingly on these geographies. In 2007, M1 undertook two roadshows covering UK, USA and Hong Kong, and participated in two investor conferences – one in Hong Kong, and one in Singapore. In addition, senior management and the Investor Relations team allocate time for one-on-one meetings with analysts and investment professionals to discuss the Company’s performance and outlook, as well as address issues that may be raised. Through the Investor Relations team, M1 responded to enquiries from shareholders, analysts and other interested parties. As the internet has arguably become the most popular medium of information gathering by investors, we regularly update and improve our Investor Relations pages on our website (www.m1.com.sg) to provide up-to-date and comprehensive information on M1 . For example, following the announcement of the proposed Capital Reduction in 2007, a section was added to explain the rationale of the Capital Reduction and provide answers to FAQs and other relevant information to shareholders. Our Investor Relations team also responded to calls and emails on queries and clarifications sought by analysts, institutional and retail shareholders and other interested parties. The Annual General Meeting (AGM) is a valuable platform for M1 to interact directly with all shareholders, in particular with retail shareholders. In this regard, M1 continues to hold its AGMs at a central and accessible location, convenient to shareholders. In addition, all Board members and key members of the senior management team make their best effort to attend each AGM to interact with and engage in open dialogue with shareholders. Our 5th AGM, held on 3 April 2007 at InterContinental Singapore, was well attended by shareholders. M1 is committed to creating long-term value for our shareholders. In line with this approach, we pursue a sustainable dividend policy and strive to return excess cash to shareholders in the absence of value-enhancing opportunities. For the past 4 years, we have guided and maintained a dividend policy of paying out a fixed percentage of net profit after tax. In FY2007, we distributed 80% of net profit after tax, a payout ratio which has been maintained since FY2005. The total regular cash payout declared to shareholders for FY2007 amounted to 15.4 cents per share, as compared to 13.3 cents per share for FY2006. Financial Calendar For 2008
* Actual date will be released, through M1’s and SGX’s websites, closer to the event/announcement | ||||||||||||||||