Investors

We are pleased to announce that Axiata Group Berhad (“Axiata”) had today (“Date of Offer”) offered 157,600 ordinary shares in Axiata (“Axiata Shares”) under the Axiata RSP to the eligible employees (“Eligible Employees”) of the Axiata Group of Companies (“Axiata Group”) (“Restricted Share Offer”).

Details of the Restricted Share Offer are as follows:

• Exercise Price of Axiata Shares

Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees.

• Market Price of Axiata Share

Closing Price of Axiata Share on Date of Offer: RM2.98.

• Vesting Period

The rights offered under the Restricted Share Offer are expected to vest over a 3-year period from the acceptance date of the Restricted Share Offer, subject to the Eligible Employees meeting their individual performance targets, the Axiata Group meeting certain financial targets exceeding certain thresholds. Unless the Eligible Employees meet their highest performance targets the total amount of rights offered under the Restricted Share Offer which will vest will be lower than the total amount of Axiata Shares offered.

This announcement is dated 9 October 2020.