We refer to:

1. the announcement dated 19 July 2012 in relation to the establishment of the multi-currency Sukuk programme with an aggregate nominal value of up to USD1.5 billion or its equivalent in other currencies (“Sukuk Programme”); and
2. the announcement dated 10 August 2020 in relation to the establishment of a Euro medium term note programme with an aggregate nominal value of up to USD1.5 billion or its equivalent in other currencies (“EMTN Programme”)

On behalf of Axiata Group Berhad (“Axiata”), CIMB Investment Bank Berhad (“CIMB”) wishes to announce that:

1. Axiata SPV2 Berhad, a wholly-owned subsidiary of Axiata, has on 12 August 2020 successfully priced its United States Dollar (“USD”) denominated Sukuk to be issued pursuant to the Sukuk Programme (“Series Four Sukuk”); and
2. Axiata SPV5 (Labuan) Limited, a wholly-owned subsidiary of Axiata, has on 12 August 2020 successfully priced its USD denominated Notes to be issued pursuant to the EMTN Programme (“Series One Notes”).

The bookbuilding process for both the Series Four Sukuk and Series One Notes has been completed on 12 August 2020.

The Series Four Sukuk is expected to be listed, but not quoted for trading, on Bursa Malaysia Securities Berhad (under the Exempt Regime) and to be listed and quoted on the Singapore Exchange Securities Trading Limited (“SGX-ST”) with the following salient terms:

The Series One Notes is expected to be listed and quoted on the SGX-ST with the following salient terms:

Please refer to the attached pricing supplements for the material terms of the Series Four Sukuk and Series One Notes.

This announcement is dated 13 August 2020.

This announcement does not constitute or form part of any offer to purchase, a solicitation of an offer to purchase, an offer to sell or a solicitation of an offer to sell, securities in the United States or any jurisdiction in which such offer or solicitation or sale would be unlawful.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws of the United States, and may not be offered, sold or delivered in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and applicable state securities laws of the United States. The securities referred to herein will be offered and sold only outside the United States in offshore transactions in accordance with Regulation S under the Securities Act.  Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted. Neither this communication nor any information herein nor the fact of its distribution shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No public offering of securities will be made in the United States. A rating is not a recommendation to buy, sell or hold the securities and may be subject to suspension, reduction or withdrawal at any time by the rating agency.