Investors

These Headline KPIs have been set and agreed by the Board of Directors and Management of Axiata Group (“Group”) and shall not be construed as forecasts, projections or estimates of the Group or representations of any future performance, occurrence or matter as they are merely a set of targets/aspirations of future performance aligned to the Group's strategy and which have been derived on the assumptions that the Group shall operate under the current business environment underwhich they had been determined.

FY 2010 Headline KPIs

	FY2010 Headline KPIs
Revenue Growth (%)	12.1
Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) Growth (%)	14.1
Return on Invested Capital (ROIC) (%)	10.7

In establishing the FY2010 Headline KPIs, the Management of Axiata has taken into consideration the following challenges:-

1. Increasing competition in the mobile market space of the Group’s major operating countries of Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia which may impact the revenue performance of Axiata’s major operating companies (“Opcos”) in these countries.
2. Concentration of the Group’s business activities is in the emerging markets of South and South East Asian region. The Group’s operating revenues, financial performance as well as business growth is dependant on the growth of these economies, and the political and social developments in these markets.
3. Currency volatility, liquidity shortages and higher interest rates would materially and adversely affect the economies of many countries in the Asia-Pacific region in general, and in South East Asia in particular. These factors will impact the overall performance of the Group.
4. No significant change in foreign exchange rate versus prior year.