Investors

We refer to the announcements dated 19 September 2019 and 23 September 2019 in relation to the DRS (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

On behalf of Axiata, CIMB wishes to announce that the issue price of the new Shares to be issued pursuant to the DRS, which is applicable to the entire Dividend (RM0.05 per Share in respect of the financial year ending 31 December 2019), has been fixed today (“Price Fixing Date”) at RM3.91 per new Share (“Issue Price”).

The Issue Price represents a discount of RM0.34 or approximately 8.00% to the theoretical ex-dividend volume weighted average market price (“VWAMP”) of approximately RM4.25, which was arrived at after taking into consideration the 5-day VWAMP up to and including 30 September 2019, being the last trading day prior to the Price Fixing Date, of approximately RM4.31 per Share and the Dividend.

This announcement is dated 1 October 2019.