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MSWG’S WATCHLIST

AXIATA GROUP BERHAD

AXIATA AND TELENOR HAVE MUTUALLY AGREED TO END DISCUSSIONS ON PROPOSED TRANSACTION

Axiata Group Berhad (“Axiata” or “the Group”) and Telenor ASA (“Telenor”) (together “Parties”) have mutually agreed to end discussions regarding a non-cash combination of their telecom and infrastructure assets in Asia (the "Proposed Transaction").

Over the last four months, both Parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019. Due to some complexities involved in the Proposed Transaction, the Parties have mutually agreed to end the discussions.

Both Parties still acknowledge the strong strategic rationale of the Proposed Transaction.

30.08.2019

ANALYST'S MESSAGE

Challenging days ahead for Malaysian media

After being a listed company for 25 years, Utusan Melayu (M) Bhd was delisted on 30 August after the Company failed to make an appeal against Bursa Malaysia's decision to remove the securities of the Company from the stock exchange.