Investors

The Board of Directors of Axiata Group Berhad ("Axiata") wishes to announce that Axiata Investments 1 (India) Limited (“AI1”), a wholly-owned subsidiary of Axiata, had on 17 November 2022 commenced the Members’ voluntary winding up of Axiata Investments 2 (India) Limited (“AI2”) pursuant to the Companies Act 2001 of Mauritius. In relation thereto, Andrew Stephenson, Insolvency Practitioner of A3 Trochetia, Avenue Ylang Ylang, Quatre Bornes, Republic of Mauritius was appointed as the Liquidator for AI2.

The Members’ voluntary winding up of AI2 is expected to be completed approximately between six (6) to nine (9) months from the date of appointment of the Liquidator.

Information on AI2
AI2 was incorporated in Mauritius on 3 January 1996. Its present stated capital is USD72,713,919.00 comprising 72,713,919 ordinary shares of par USD1 each.

Rationale for the Members’ Voluntary Winding Up
In line with the completion on the disposal of the entire equity interest by AI1 and AI2 in Vodafone Idea Limited in 2019, the companies are now inactive. Axiata is no longer expecting returns and the Management of AI2 propose for the Members’ voluntary winding up of the company.

Financial or Operational Effects of the Members’ Voluntary Winding Up
The Members’ voluntary winding up of AI2 will not have any financial or operational effect on Axiata Group.

Directors’ and/or Major Shareholders’ Interest
None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the Members’ voluntary winding up of AI2.

This announcement is dated 17 November 2022.