Investors

We refer to our announcement on 13 February 2018 on the Preferential Issuance of Idea Shares. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the above announcement.

Following further notification by Idea on the allotment of 424,242,424 Idea Shares at an issue price of INR82.50 per Idea Share aggregating to INR35.0 billion to eligible qualified institutional buyers in the QIP to the NSE dated 23 February 2018, Axiata wishes to announce further dilution of Axiata Group’s shareholding in Idea from 18.10% to 16.34%.

The purpose of this announcement is to provide the estimated financial impact resulting from the abovementioned dilution due to non-participation by Axiata Group on the QIP. Further details in the attached announcement.

This announcement is dated 23 February 2018.