[MAXIS] Notice of Interest of Substantial Shareholders - BGSM MANAGEMENT SDN BHD on 26-Dec-2013

Highlights

Stock	[MAXIS]: MAXIS BERHAD
Announcement Date	26-Dec-2013

Name	BGSM MANAGEMENT SDN BHD

Currency

Malaysian Ringgit (MYR)

Date of Change		Type	Number of Shares
	20-Dec-2013	Acquired	4,875,000,000

Nature of Interest	Deemed Interest
Shares	Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Reason	Deemed to have an interest over 4,875,000,000 Maxis Shares following the acquisition by our wholly-owned subsidiary, BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) of 4,875,000,000 Maxis Shares from MCB (our direct holding company) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between BGSM Equity and MCB (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring undertaken by Binariang GSM Sdn Bhd (“BGSM”) group of companies, as part of an overall debt refinancing exercise. BGSM holds 100% equity interest in MCB. This internal corporate restructuring involves an intra-group transfer to BGSM Equity (an indirect 100% subsidiary of BGSM), of the entire 4,875,000,000 Maxis Shares owned by MCB. On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity. BGSM Management’s deemed interest arises by virtue of BGSM Management holding 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares, representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

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