M1 cultivates long-term relationships with all
its stakeholders through active two-way open
communication, and 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 line with the above approach, M1 released
quarterly, interim and full-year results for
FY2008 to the public within one month of
period end. All materials relating to M1’s
results including presentation slides were
made available immediately on its corporate
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 M1’s website.

As at 2 March 2009, the free float^ of M1
shares was 36.4%, with the majority of shares
continued to be held by institutional investors
across Asia, UK and USA. As such, M1’s senior
management participates actively in roadshows
to these regions. In 2008, M1 undertook two
roadshows to UK, USA and Hong Kong, as well
as one roadshow to Tokyo to engage a growing
segment of potential investors from Japan.
Locally, M1 participated in two regional investor
conferences. 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
proactively responded to enquiries from
shareholders, analysts and other interested
parties through various channels. Queries via
email can be posted to the Investor Relations
email address, ir@m1.com.sg. M1’s Investor
Relations team also hosted regular conference
calls to address clarifications sought by analysts
as well as current and potential investors.

Shareholders and members of the financial
community are encouraged to access M1’s
corporate website at www.m1.com.sg for
the latest updates.

The Annual General Meeting (AGM) is a valuable
platform for shareholders to engage in open
dialogue with Board members and key members
of the senior management team. 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 shareholders. M1’s sixth AGM, held on 8
April 2008 at The Meritus Mandarin, was well
attended by shareholders.

M1 is committed to creating long-term value
for its shareholders. In line with this approach,
M1 pursues a sustainable dividend policy and
strives to return excess cash to shareholders in
the absence of value-enhancing opportunities.
In general, capital returns are determined
in accordance with the need to balance the
Company’s operational requirements with
the flexibility to pursue strategic business
opportunities for future growth, as well as
consideration of the economic climate.

For the past five years, M1 has guided and
maintained a dividend policy of paying out
a fixed percentage of net profit after tax.
In FY2008, M1 continued to distribute 80% of
net profit after tax, a payout ratio that has been
maintained since FY2005. The total dividend
declared to shareholders for FY2008 amounted
to 13.4 cents per share, as compared to 15.4
cents per share for FY2007.

Date	Event / Announcement
16 January 2009	Release of FY2008 full-year results
7 April 2009	Annual General Meeting
April / May 2009*	Payment of FY2008 final dividends (subject to shareholders’ approval at AGM)
April 2009*	Release of FY2009 first-quarter results
July 2009*	Release of FY2009 half-year results
September 2009*	Payment of FY2009 interim dividends (if applicable)
October 2009*	Release of FY2009 third-quarter results