Investors

We are pleased to announce that the following agreements entered into by Smart Axiata Co., Ltd (“Smart”), an 82.5% subsidiary of Axiata today:-

i) Convertible Loan Agreement with Sabay Digital Plus Co., Ltd (“SDP”) under which Smart will make available a loan facility of USD1.5 million  to SDP which is convertible to ordinary shares in SDP (“SDP Shares”); and

ii) Call Option Agreement with SDP and Sabay Digital Group Pte. Ltd. (“SDG”) for the acquisition of additional SDP Shares from SDG as follows:-

(a) Such number of SDP Shares resulting with the aggregate number of SDP Shares held by Smart is equivalent to 30% of the issued and paid-up capital of SDP; and

(b) All or part of the remaining issued and paid-up capital of SDP from SDG at a price to be agreed by the parties.

hereinafter referred to as (“Proposed Investments in SDP”).

Please refer to the attachment for the full announcement.

This announcement is dated 9 October 2017.