Transfer of 2,000 Ordinary shares in Axiata Group Berhad ("Axiata Shares") from Khazanah Nasional Berhad ("Khazanah") to Axiata's employees via CIMSEC Nominees (Tempatan) Sdn Bhd ("CIMSEC Nominees") in connection with Axiata ESOS.
The transfer of Ordinary shares in Axiata ("Axiata Shares") to Axiata's employees is made in accordance with the Selling Flexibility Arrangement under the Axiata Performance-Based Employee Share Oprtion Scheme ("Axiata ESOS") to facilitate the immediate sale of Axiata Shares by Axiata's employees who have exercised their Axiata ESOS options under this arrangement. Taking into consideration the transfer of shares, Khazanah is deemed to have an interest (pursuant to Section 8 of the Companies Act 2016) in 12,700 Axiata Shares, being the outstanding number of Axiata Shares to be returned to Khazanah under the Selling Flexibility Arrangement.