Investors

We refer to the announcements dated 18 March 2016 and 30 March 2016 in relation to the Proposed LTIP (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

On behalf of the Board, CIMB wishes to announce that Bursa Securities has, vide its letter dated 6 April 2016, approved the listing of such number of additional new ordinary shares of Axiata, representing up to 7% of the issued and paid-up ordinary share capital of Axiata (excluding treasury shares), to be issued pursuant to the Proposed LTIP subject to the following conditions:

(1)           Axiata and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements (“Main LR”) pertaining to the implementation of the Proposed LTIP.

(2)           Axiata and its adviser to inform Bursa Securities upon completion of the Proposed LTIP.

(3)           Axiata to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed LTIP is completed.

(4)           Axiata to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at extraordinary general meeting for the Proposed LTIP.

(5)           CIMB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Paragraph 6.43(1) of the Main LR and stating the effective date of implementation.

(6)           Payment of additional listing fees pertaining to the exercise of LTIP options, if relevant. In this respect, Axiata is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of LTIP options respectively as at the end of each quarter together with a detailed computation of the listing fees payable.

This announcement is dated 6 April 2016.