Investors

We are pleased to announce that Axiata Group Berhad (“Axiata”) and its wholly-owned subsidiary, edotco Group Sdn Bhd (“edotco”) had on 13 December 2016 entered into a binding term sheet with the following parties:-

i)   Innovation Network Corporation of Japan (“INCJ”) to raise up to USD400.0 million (equivalent to RM1,769.9 million) in a private placement of new ordinary shares with par value of RM1.00 each (“edotco Shares”) to INCJ (“Proposed Private Placement”); and

ii)   Khazanah Nasional Berhad (“Khazanah”) for the divestment by Axiata of edotco Shares to Khazanah for a cash consideration of USD200.0 million (equivalent to RM885.0 million) (“Proposed Divestment”), a related party transaction.

The Proposed Private Placement and Proposed Divestment are separate transactions and are not inter-conditional.

(Both the transactions are referred to collectively as “Proposals”).

Please refer to the attachment for the full announcement in relation to the Proposals. Also attached is the media release in relation to the Proposals.

This announcement is dated 13 December 2016.