Transfer of 177,100 Ordinary shares in Axiata Group Berhad ("Axiata Shares") from Axiata's employees to Khazanah Nasional Berhad ("Khazanah") via CIMSEC Nominees (Tempatan) Sdn Bhd in connection with the Axiata Performance-Based Employee Share Option Scheme ("Axiata ESOS").
The transfer of Axiata Shares from Axiata's employees is made in accordance with the Selling Flexibility Arrangement under the 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 be no Axiata Shares to be returned to Khazanah under the Selling Flexibility Arrangement.