Investors

We are pleased to announce that Axiata Group Berhad (“Axiata”) had today (“Date of Offer”) offered 19,530,000 ordinary shares of RM1.00 each in Axiata (“Axiata Shares”) under the Axiata Share Scheme to the eligible employees and Executive Directors (“Eligible Employees”) of the Axiata Group of Companies (“Axiata Group”) (“Restricted Share Offer”).

Details of the Restricted Share Offer are as follows:-

• Exercise Price of Axiata Shares

Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees without any consideration.

• Market Price of Axiata Shares

Closing Price of Axiata Shares on Date of Offer: RM5.86

• Vesting Period

The rights offered under the Restricted Share Offer are expected to vest over a 3-year period from the acceptance date of the Restricted Share Offer, subject to the Eligible Employees meeting their individual performance targets, the Axiata Group meeting certain financial targets and/or the market price of Axiata Shares exceeding certain thresholds. Unless the Eligible Employees meet their highest performance targets the total amount of rights offered under the Restricted Share Offer which will vest will be lower than the total amount of Axiata Shares offered.

• Number of Axiata Shares offered to Directors

Axiata has made an offer to Dato’ Sri Jamaludin Ibrahim, the President & Group Chief Executive Officer.  The offer comprises 351,900 Axiata Shares (Base Grant) that may vest upon meeting his target and Axiata’s performance; nil, if targets are not met and up to an additional 1,759,500 if he meets the super stretched individual performance and Axiata Group performance at the point of vesting.  Additionally, he is also offered 158,400 Axiata Shares under this grant.

The above offer is the last grant under the Axiata Share Scheme which will end in 2019, Axiata will ensure the total number of Axiata Shares vested to Dato’ Sri Jamaludin Ibrahim under the Axiata Share Scheme would be below the amount approved by the shareholders.

This announcement is dated 8 April 2016.