Proposed Investment In Digital Nasional Berhad ("Proposed Investment")

Maxis refers to the announcements dated 1 December 2023, 20 June 2024, 28 June 2024, 13 May 2025, and 15 August 2025, regarding the Proposed Investment. Unless otherwise defined, the definitions provided in the previous announcements shall apply herein.

Maxis wishes to announce that Maxis Broadband had on 1 December 2025, received a notice from the MoF Inc. regarding the exercise of its put option (“Notice”). This exercise is in accordance with the terms and conditions outlined in the Shareholders Agreement dated 28 June 2024, as amended by the Letter of Variation dated 13 May 2025 (“Shareholders Agreement”).

MoF Inc. is exercising its put option under the Shareholders Agreement to sell its ordinary shares and to transfer its remaining MoF Inc. loan in DNB, together with interest accrued thereon as of the date of the Notice and additional shareholder advance, to Maxis Broadband, CelcomDigi and YTL, in equal proportion. The put option price payable by each Investor Shareholder to MoF Inc. is RM327,872,640.28 as at the date of the Notice.

Each Investor Shareholder has been granted a period of two months upon receipt of the Notice from MoF Inc. to complete the exercise of the put option.

Any further material development on the matter will be updated accordingly.

This announcement is dated 2 December 2025.