Investors

Axiata Group Berhad (“Axiata”) wishes to announce that SmartLuy PLC (“SmartLuy”), a subsidiary of Axiata held through Smart Axiata Co., Ltd and Axiata (Cambodia) Holdings Limited has made an application for a proposed merger transaction (“Proposed Merger”) with PI PAY PLC (“PI PAY”) a leading cashless payment platform in Cambodia.

The application for the Proposed Merger has been made with the National Bank of Cambodia (“NBC”) and the Ministry of Commerce of Cambodia (“MOC”), for the cessation of the legal existence of SmartLuy and for the governing structure of SmartLuy to be merged with and into PI PAY. The notification of the successful application for the Proposed Merger was received from the NBC/MOC on 14 July 2020 on which date the legal existence of Smartuy would cease with the continuance of Smartluy and Pi Pay as one entity.

The cessation of SmartLuy will not have any material effect on the earnings or net assets of the Axiata Group for the financial year ending 31 December 2020. None of the Directors or major shareholders of Axiata or persons connected with them has any interest, direct or indirect, in the said cessation.

The cost of investment of SmartLuy is USD2 million.

This announcement is dated 15 July 2020.