Transfer of 22,400 Ordinary shares in Axiata Group Berhad ("Axiata Shares") from Axiata's employees to Khazanah Nasional Berhad ("Khazanah") via CIMSEC Nominees (Tempatan) Sdn Bhd ("CIMSEC Nominees") in connection with Axiata ESOS.
The transfer of Ordinary shares in Axiata ("Axiata Shares") from Axiata's employees is made in accordance with the Selling Flexibility Arrangement under Axiata's Performance-Based Employee Share Option 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 return of such number of shares, there will no Axiata Shares to be returned to Khazanah under the Selling Flexibility Arrangement.