Bangkok--14 Aug--Moody's Investors Service Moody's Investors Service has today affirmed its B1 bond rating for True Move Company Limited ("True Move") with a stable outlook. The issue of the US$225 million, 7-year senior, unsecured bond has been completed and the rating is removed from provisional status. The bond proceeds will be used to refinance existing Baht-denominated loans. Headquartered in Bangkok, True Move (formerly TA Orange) with 8.1 million subscribers (as of 31st March 2007), is Thailand's third largest mobile operator. It holds a concession from state-owned CAT Telecom Public Company Limited to operate an 1800-MHz cellular business until 2013. True Move's (93%) major shareholder, True Corp, is an integrated provider of fixed-line, broadband, internet, mobile services and pay TV; the latter via its recent acquisition of True Visions (formerly UBC). Listed on the Thai Stock Exchange, True Corp's major shareholder is the Charoen Pokphand Group, with an approximate 30.4% shareholding. Hong Kong Laura Acres Vice President - Senior Analyst Corporate Finance Group Moody's Asia Pacific Ltd. JOURNALISTS: (852) 2916-1150 SUBSCRIBERS: (852) 2916-1121 Singapore Alan Greene Senior Vice President Corporate Finance Group Moody's Singapore Pte Ltd. JOURNALISTS: (852) 2916-1150 SUBSCRIBERS: (65) 6398-8308