An PT XL AX nnounce XIATA Tb Signing bk. and P of The S PT

PT XL AX
XIATA Tb
bk. and P
PT SOLUSSI TUNAS
S PRATA MA Tbk.. An
nnounce Signing of The Sale and LLease Ba
ack of 3,5500 Towe
ers Jakarta: 1 October 2014 – PT
T XL Axiataa Tbk. (“XL””), the second largest mobile ope
erator in Indonessia, announ
nced today that it has signed an A
Asset Purchase Agreem
ment (APA) with PT Solusi TTunas Pratama Tbk. (“SSTP”), one oof the leading tower co
ompany proovider in Ind
donesia, which h
has been declared d
the winning bidder of the t three (3) months tender pro
ocess in connecttion with th
he sale by X
XL of 3,5000 telecommunications ttowers, witth a purchaase price amountt of IDR 5.6
6 Trillion. Th
he transactiion consideration will be all in cassh with no stock or deferreed componeent, to be m
made at clos ing. Concurrrent with the t execution of the A
APA, XL an
nd STP have
e also enteered into a Master Tower LLease Agreeement whe
ereby XL haas agreed to
o lease backk from STP the towerss sold in the tran
nsaction for a period of 10 yearss. XL has se
ecured com
mpetitive teerms as the
e anchor tenant on the to
owers and expects too benefit from ongo
oing capitall expenditu
ure and operational expenditure savin
ngs. Commeenting on the transacttion, Hasnuul Suhaimi, Chief Executive Officeer of XL, saaid “The sale of tthe towers to STP is a positive steep towards an asset light strategy thereby fre
eeing up addition
nal resourcces to enhaance the foocus on ourr core business and eensuring a superior s
customer experien
nce. The saale unlockss the value of a part of our tow
wer portfoliio at an ompetitive terms. XL w
will be using the transsaction procceeds to attractive valuation and on co
partiallyy deleveragge.” Nobel Tanihaha, President Director oof STP, add
ded, “STP, through tthis largestt tower transaction in Indo
onesia to date, is pleaased to add
d a quality portfolio off tower assets with significaant secured
d tenanciess and addittional lease up potenttial. This traansaction solidifies s
STP’s p
position as a top three
e independdent tower operator with w a stronng portfolio
o across Indonessia.” Closing of the transaction is expected to occur by 31
1 Decemberr 2014. XL has demonstrated a consistently stroong track re
ecord of de
elivering on its strategic vision with (11) the succeessful acquisition and accelerate
ed integration of Axis;; and (2) sale of a portion of its toweer portfolio to deliver oon its comm
mitment and
d move tow
wards an asset light model. XL continues to be committed towards improving its services and on investing in delivering more innovative products and data to its customer base. XL currently serves over 62.9 million customers across the country. As one of the pioneers in the development of the Indonesian mobile telecommunication industry, XL has been the leader in providing affordable and easy‐to‐use mobile internet experience for all Indonesians. Merrill Lynch (Singapore) Pte. Ltd. (BofA Merrill Lynch) acted as the exclusive financial advisor to XL on this transaction, and Standard Chartered Bank and J.P. Morgan (S.E.A) Limited acted as financial advisors to STP. ‐‐‐END‐‐‐ About PT XL Axiata Tbk. PT XL AxiataTbk. is the second largest mobile operator in Indonesia. PT XL Axiata Tbk. is (66.5%) owned by Axiata Group Berhad through Axiata Investments (Indonesia) Sdn Bhd and public (33.5%), and is part of Axiata Group with Celcom (Malaysia), Robi (Bangladesh), Dialog (Sri Lanka), Smart (Cambodia), M1 (Singapore) and Idea (India). For more information on XL, please visit www.XL.co.id For further information, please contact: Turina Farouk Vice President Communications XL Mobile: 628170108000 Email: [email protected] About PT Solusi Tunas Pratama Tbk. STP is the third largest public listed independent owner and operator of towers for wireless operators in Indonesia, leasing space at its multi‐tenant towers to all major wireless operators in Indonesia under long term lease agreements. For more information on STP, please visit www.stptower.com For further information, please contact: Juliawati Gunawan Corporate Secretary Phone: (021)57940688 Email: [email protected]

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