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TDK Buys Magnecomp: Page 3 of 4

sustained shareholder value following the proposed sale of MPT.

Under the conditional sale and purchase agreement, MIL will initially sell a stake in

MPT of approximately 64.3%, with the balance 10.0% to be sold subsequently.

The proposed sale of its stake in MPT is subject to various terms and conditions,

including the approval of shareholders of MIL . MIL has been listed on the Singapore