We refer to the Announcement dated 1 December 2023 and 20 June 2024 in relation to the Proposed Transaction ("Earlier Announcements"). Unless otherwise defined, the definitions set out in the Earlier Announcements shall apply throughout this Announcement. This Announcement is to be read together with the Earlier Announcements.

CDB is pleased to announce that its wholly-owned subsidiary, CelcomDigi had on 28 June 2024:

(i) Completed the Proposed Subscription and Proposed Shareholder Advance in accordance with the terms and conditions of the SSA. The completion of the Proposed Subscription and Proposed Shareholder Advance provide the telcos with the strategic optionality of further participation in the DN transition with the eligibility to potentially own and operate the Second 5G Network;

and

(ii) Entered into a shareholders' agreement with MoF Inc., DNB, YTL Power International Berhad ("YTL"), Maxis Broadband Sdn Bhd ("Maxis") and U Mobile Sdn Bhd ("U Mobile") to regulate the relationship of the shareholders of DNB ("DNB Shareholders"), and set out the basis upon which DNB will undertake the Government of Malaysia's mandate to be a provider of 5G network and services in Malaysia and to finance, build, operate and maintain such infrastructure and utilise spectrum allocated for 5G ("Shareholders' Agreement").

Please refer to the attachment for further details.

This announcement is dated 28 June 2024.