Investors

We are pleased to announce that Axiata Group Berhad (“Axiata”) had today (“Date of Offer”) offered 885,600 ordinary shares in Axiata (“Axiata Shares”) under the Axiata RSP to the eligible employee (“Eligible Employee”) 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.

• Market Price of Axiata Share

Closing Price of Axiata Share on Date of Offer: RM4.090.

• 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 Employee meeting the individual performance targets, the Axiata Group meeting certain financial targets exceeding certain thresholds. Unless the Eligible Employee meets the 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 the executive director, Dato’ Mohd Izzaddin Idris, the President & Group Chief Executive Officer. The offer comprises a total of 442,800 Axiata Shares (Base Grant) that may vest upon meeting the respective targets and Axiata’s performance; nil, if targets are not met and up to an additional total of 442,800 shares if the super stretched individual performance and Axiata Group performance are met at the point of vesting.

This announcement is dated 24 September 2021.