Investors

We wish to inform that Axiata Digital Services Sdn Bhd (“ADS”), a wholly-owned subsidiary of Axiata Group Berhad (“Axiata”), had on 13 September 2017 completed the incorporation of Merchantrade Digital Services Sdn. Bhd. (“MDS”) (Registration No. 1246560-H), a private company limited by shares, in Malaysia, under the Companies Act 2016.

MDS was incorporated with paid up share capital of RM1,000.00 of which 51% is held by ADS and the remaining by Merchantrade Asia Sdn Bhd (“MAS”). MDS is the designated vehicle for the joint venture between ADS and MAS to carry out the business of digital financial services and solution provider.

The incorporation of MDS is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for the financial year ending 31 December 2017.

None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the incorporation of MDS.

This announcement is dated 13 September 2017.