Investors

We refer to the announcement dated 28 October 2015 in relation to the Sukuk Programme of XL (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

We are pleased to announce that XL, a subsidiary of Axiata, had on 23 November 2015 received OJK’s Effective Statement to price the Tranche I Sukuk amounting to IDR1.5 trillion. The details of the Tranche I Sukuk are as follows:-

Notes:

(1) Equivalent to approximately RM153.6 million, based on the middle rate of IDR100:RM0.0311 as at 12.00 noon on 24 November 2015 as published by Bank Negara Malaysia (“Rate”)

(2) Equivalent to approximately RM80.2 million, based on the Rate

(3) Equivalent to approximately RM100.5 million, based on the Rate

(4) Equivalent to approximately RM132.2 million, based on the Rate

The Tranche I Sukuk is expected to be listed and quoted on the IDX on 3 December 2015.

PT CIMB Securities Indonesia, PT Mandiri Sekuritas and PT Maybank Kim Eng Securities were the joint lead underwriters for the Sukuk Programme.

This announcement is dated 24 November 2015.

This announcement does not constitute a public offer as defined in Indonesian Capital Market Law, Law No. 8 of 1995 or an offer to sell or the solicitation of an offer to buy any securities in Indonesia, Malaysia, the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Any public offering of such securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offer of securities is to be made by Axiata or XL in the United States.

No approval from the Securities Commission of Malaysia (“SC”) is or will be obtained under the Capital Markets and Services Act 2007 (“CMSA”) in respect of the securities, and no prospectus which complies with the requirements of the CMSA and the guidelines of the SC has been registered with the SC pursuant to the CMSA or with any other regulatory body in Malaysia. No securities may be offered or sold to any person in Malaysia, except to a person falling within paragraphs 7, 8, 9, 11, 12, 13 or 14 of Schedule 6 of the CMSA, or any other persons as may be specified by the SC in any guideline issued under Section 377 of the CMSA, by a holder of a Capital Markets Services Licence who carries on the business of dealing in securities.