1.     INTRODUCTION

        The Board of Directors of Maxis wishes to announce that the Company has on 2 April 2014 entered into an agreement with RHB Islamic Bank Berhad for a  RM2.5 billion Financing Facility.

2.     PURPOSE OF THE RM2.5 BILLION FINANCING FACILITY

        Maxis intends to utilise the RM2.5 billion Financing Facility as follows :-

        (i)    approximately RM1.0 billion to refinance borrowings of the Company and its subsidiaries ("Maxis Group"); and

        (ii)    approximately RM1.5 billion to finance capital expenditure and general working capital requirements of Maxis Group.

3.      EFFECTS OF THE RM2.5 BILLION FINANCING FACILITY ON NET ASSETS ("NA"), EARNINGS AND GEARING RATIO

The RM2.5 billion Financing Facility is expected to have an impact on the NA, earnings and gearing ratio of the Maxis Group for the financial year ending 31 December 2014 and the subsequent financial periods.

Upon full utilisation of the RM2.5 billion Financing Facility, based on Maxis' consolidated audited financial statements for financial year ended 2013 :-

         (i)    the net debt to earnings before interest, tax, depreciation and amortisation ("EBITDA") position of the Maxis Group will increase from 1.6 times to 1.9 times;

         (ii)   the net debt to EBITDA will increase from 1.5 times to 1.8 times based on normalised EBITDA of RM4.5 billion excluding the one off items of RM212 million.

4.      DIRECTORS' RECOMMENDATION

         The Board of Directors of Maxis is of the opinion that the RM2.5 billion Financing Facility is in the best interests of the Company.

5.      DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

         None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the said RM2.5 billion Financing Facility.

This announcement is dated 2 April 2014