Maxis wishes to announce that a lodgement has been made on 29 June 2016 with the Securities Commission Malaysia (”SC”) for the Unrated Sukuk Murabahah Programme by MBSB, a subsidiary of Maxis pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework. The Unrated Sukuk Murabahah Programme shall have a tenure of 30 years.

The Sukuk Murabahah to be issued shall have a tenure of more than 1 year and up to 30 years as the Issuer may select provided that the Sukuk Murabahah mature on or prior to the expiry of the Unrated Sukuk Murabahah Programme.

MBSB intends to utilise the proceeds from the Sukuk Murabahah issuance under the Unrated Sukuk Murabahah Programme for the following Shariah-compliant purposes:

i) financing the settlement of purchase consideration in relation to the purchase of the businesses and undertakings including relevant assets and liabilities from the target companies, namely Maxis Mobile Sdn Bhd and Maxis Mobile Services Sdn Bhd; and
ii) financing the capital expenditure and working capital requirements of MBSB and its subsidiaries (“Issuer Group”) and/or other general funding requirements and general corporate purposes of the Issuer Group and/or refinancing of other debt/financing obligations of the Issuer Group and/or refinancing any maturing Sukuk Murabahah.

CIMB Investment Bank Berhad is the Sole Principal Adviser and the Sole Lead Arranger for the Unrated Sukuk Murabahah Programme. The Shariah Adviser for the Unrated Sukuk Murabahah Programme is CIMB Islamic Bank Berhad.

This announcement is dated 29 June 2016.