We wish to announce that AXIATA-C16 had expired at 9.00 a.m. on 18 August 2017 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount

= Number of AXIATA-C16 exercised x (1 / Entitlement) x (Settlement Price – Exercise Price)

= Number of AXIATA-C16 exercised x (1 / 3) x (RM4.8234 – RM4.5000)

= Number of AXIATA-C16 exercised x RM0.1078

The Closing Price of RM4.8234 is the volume weighted average price (VWAP) of the ordinary shares of AXIATA for the five (5) market days prior to and including the market day immediately before the Expiry Date. The AXIATA-C16 is deemed to have been automatically exercised on the Expiry Date.

The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.

This announcement is dated 18 August 2017.