Incorporated in Malaysia - Axiata Group Berhad - Investor Relations

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AXIATA GROUP BERHAD (242188-H)(formerly known as TM International Berhad)(Incorporated in Malaysia)PART B : EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTINGREQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD9. Off Balance Sheet Financial Instruments (continued)(b) Forward Foreign Currency Contracts (continued)(2) Forward Foreign Currency Contracts – Due in 2009a)BankNotionalamount(USD ‘million) Strike rate SettlementThe Royal Bank ofScotland 15,300,000 USD 1 = IDR 11,505 Deliverable(3) Forward Foreign Currency Contracts – Due in 2010BankNotionalamount(USD ‘million) Strike rate Settlementa) Standard Chartered Bank 15,300,000 USD 1 = IDR 12,129 Deliverable(ii)Type of contracts NoteNotional amount(USD ‘million)Strike rate(full amount)Deliverable (1) 4.0 USD 1= IDR 11,848Deliverable (1) 2.8 USD 1= IDR 11,850Deliverable (1) 2.0 USD 1= IDR 11,839Deliverable (2) 2.0 USD 1= IDR 12,417Deliverable (2) 2.8 USD 1= IDR 12,265Deliverable (2) 2.0 USD 1= IDR 12,260Deliverable (2) 2.0 USD 1= IDR 12,150Total 17.6Below are the details of the forward foreign currency contracts:(1) Forward Foreign Currency Contracts – Due in 2009BankNotionalamountStrike rate Settlementi) DBS Indonesia USD 4,000,000 USD 1=IDR 11,848 Deliverableii) JP Morgan Indonesia USD 2,800,000 USD 1=IDR 11,850 Deliverableiii) The Royal Bank of Scotland USD 2,000,000 USD 1=IDR 11,839 Deliverable21
AXIATA GROUP BERHAD (242188-H)(formerly known as TM International Berhad)(Incorporated in Malaysia)PART B : EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTINGREQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD9. Off Balance Sheet Financial Instruments (continued)(b) Forward Foreign Currency Contracts (continued)(2) Forward Foreign Currency Contracts – Due in 2010BankNotionalamountStrike rate Settlementi) DBS Indonesia USD 2,000,000 USD 1=IDR 12,417 Deliverableii) The Royal Bank of Scotland USD 2,800,000 USD 1=IDR 12,265 Deliverableiii) DBS Indonesia USD 2,000,000 USD 1=IDR 12,260 Deliverableiv) DBS Indonesia USD 2,000,000 USD 1=IDR 12,150 DeliverableThere are no premiums for the forward foreign currency contract, that due in 2009and 2010.All hedging instruments are executed with creditworthy financial institutions with aview to limit the credit risk exposure of the Group.(c) Cross Currency SwapUnderlying LiabilityRM 2,400.0 million Term Loan FacilityOn 4 August 2008, the Company obtained term loan facility of RM2,400.0 millionwith a financial institution. The loan will be based on a floating rate of interest atquarterly interval of 3 months COF plus 0.23% margin per annum. The loan willmature on 7 August 2009. As at 31 December 2008, RM1,728.7 million have beenswapped for USD currency. As at 31 March 2009, the facility has been extended forthree years to mature on 6 May 2012. From 6 May 2009, the loan is based on afloating rate of interest at 1, 2, 3, 6 and 12 months’ Cost of Fund plus 0.75%. As at30 June 2009, the amount outstanding is RM2,400.0 million.Hedging InstrumentOn 15 July 2009, the Company re-entered into a cross-currency swap (“CRS”)contract with a financial institution. Based on the contract, the Company wouldswap, at the final exchange date (termination date) on 17 August 2009, a total ofRM1,642.4 million for USD500 million. The Company will make monthly paymentin USD at the amount of USD500 million times floating rate of interest and willreceive payment in RM amounting to RM1,642.4 million times floating rate ofinterest.22
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Incorporated in Malaysia - Axiata Group Berhad - Investor Relations

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