| Instrument Type : Loan Stocks |
| Description : IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2010/2017 |
| ("ICULS") |
| Listing Date : 27/12/2010 |
| Issue Date : 22/12/2010 |
| Issue/ Ask Price : MYR 0.1000 |
| Issue Size in Unit : 748,410,400 |
| Maturity Date : 21/12/2017 |
| Revised Maturity Date : |
| Exercise/Conversion Period Type : 7 Year(s) |
| Revised Exercise/Conversion Period Type : 0 Year(s) |
| Exercise/ Strike/ Conversion Price : MYR 0.6000 |
| Revised Exercise/ Strike/ Conversion Price : MYR 0.0000 |
| Exercise/ Conversion Ratio : 6:1 |
| Revised Exercise/ Conversion Ratio : |
| Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities |
| Settlement Type/ Convertible into : Physical (Shares) |
| Remarks : There will not be any redemption of the ICULS. All ICULS remaining |
| immediately after the Maturity Date shall be mandatorily converted into new |
| Pantech Shares at the Conversion Price. |
| The Company shall be entitled to compulsorily convert all (but not some) of the |
| outstanding ICULS into new Pantech Shares at the Conversion Price by giving |
| thirty (30) days notice to the relevant ICULS holders should at any time during |
| the Conversion Period, the aggregate principal amount of all outstanding ICULS |
| is less than 10% of the total ICULS issued. |
| This announcement is dated 23 December 2010. |
|
