Telekom Malaysia : 38th Annual General Meeting Minutes

TELEKOM MALAYSIA BERHAD

198401016183 (128740-P) (Incorporated in Malaysia)

MINUTES OF THE THIRTY-EIGHTH (38TH) ANNUAL GENERAL MEETING (AGM) OF TELEKOM MALAYSIA BERHAD ("TM" OR "THE COMPANY") HELD VIRTUALLY VIA MEETING PLATFORM AT https://meeting.boardroomlimited.myFROM THE BROADCAST VENUE AT LEFT WING,

LEVEL 1, TM CYBERJAYA COMPLEX, LINGKARAN USAHAWAN 1 TIMUR, 63000 CYBERJAYA, SELANGOR, MALAYSIA ON THURSDAY, 25 MAY 2023 AT 10:00 A.M.

1. ATTENDEES
   1.0 Directors and Management present at the Broadcast Venue
2. 1. Tan Sri Mohammed Azlan Hashim [Non-IndependentNon-Executive Chairman]
   2. YBhg. Dato' Shazril Imri Mokhtar
      [Managing Director/Group Chief Executive Officer]
   3. Y.M. Tunku Afwida Tunku Dato' A.Malek [Senior Independent Director and Chairperson of Board Nomination and Remuneration Committee (NRC)]
   4. Encik Hisham Zainal Mokhtar [Independent Non-Executive Director (INED) and Chairman of Board Audit Committee (BAC)]
   5. Encik Razidan Ghazalli [Group Chief Financial Officer]
   6. Puan Hamizah Abidin [Group Company Secretary]

2.0 Directors attending virtually

1. YBhg. Dato' Anis Rizana Mohd Zainudin @ Mohd Zainuddin [Non-Independent Non-ExecutiveDirector (NINED)]
2. YBhg. Dato' Mohamed Nasri Sallehuddin [NINED]
3. Encik Muhammad Afhzal Abdul Rahman [NINED]
4. Mr. Balasingham A. Namasiwayam [INED]
5. Mr. Suhendran Sockanathan [INED]
6. YBhg. Datuk Siti Zauyah Md Desa [INED]
7. Puan Rossana Annizah Ahmad Rashid [INED]

3.0 Virtual 38th AGM Proceedings

The 38th Annual General Meeting (AGM) was convened in accordance with the provision of Section 327 of the Companies Act 2016 (CA 2016) which provides for general meeting to be held at more than one venue using any form of technology or method that enables members to participate and exercise their rights to speak and vote at the meeting, provided that the Chairman of the meeting must be present at the main venue of the meeting in Malaysia.

The Company's 38th AGM proceeding was held in compliance with the revised Guidance Notes and FAQs on the Conduct of General Meetings for Listed Issuers dated 7 April 2022 issued by Securities Commission (SC) which allows AGM of a listed issuer to be held fully virtual, virtual, hybrid or physically.

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TELEKOM MALAYSIA BERHAD 38TH AGM HELD ON 25.05.2023

4.0. Shareholders and Proxies

1. The online application to attend TM's 38th virtually AGM and appointment of proxy(ies) via Boardroom Smart Investor Portal were managed by TM's Share
   Registrar, Boardroom Share Registrars Sdn. Bhd. (Boardroom). The registration was opened from 26 April 2023 and closed at 10:00 a.m. on 24 May 2023.
2. A total of 1,305 members comprising shareholders, proxies and corporate representatives registered for the AGM via Remote Participation and Electronic Voting facilities (RPEV) as at 10:00 a.m. on 24 May 2023.
3. A total of 1,228 members, shareholders and proxies, representing 2,349,969,131 ordinary shares or 61.49% of the Company's paid up capital, participated in the virtual AGM as at 1.01 p.m. per the Attendance Record issued by Boardroom.

5.0 External Auditor: Messrs Ernst & Young PLT (EY)

1. Pursuant to Section 285 of the CA 2016, TM's external auditor was present at the AGM where the Company's Audited Financial Statements (AFS) for the financial year ended 31 December 2022 were laid.
2. EY was represented by the Lead Audit Partner, Encik Ahmad Zahirudin Abdul Rahim.

1. 1. Poll Administrators and Independent Scrutineers
   2. 1. Pursuant to Paragraph 8.29A of the Main Market Listing Requirements (Main LR) of Bursa Malaysia Securities Berhad (Bursa Securities), Boardroom who was represented by Encik Noor Isaruddin Che Man acted as Poll Administrator for the AGM.
      2. Whilst, Ms Queck Wai Fong, representative from Sky Corporate Services Sdn. Bhd. (SCS), was appointed as the Independent Scrutineer to validate the votes.
2. MEETING PROCEEDINGS
3. 1. Chairman of Meeting

Tan Sri Muhammed Azlan Hashim, being the Chairman of TM (Tan Sri Chairman), took the chair and commenced the proceeding of the 38th AGM at 10:00 a.m.

2.0 Welcoming Address by Chairman

1. On behalf of the Board of Directors, Tan Sri Chairman welcomed the members and invitees to the 38th AGM.
2. The Company's 38th AGM was conducted virtually, via life streaming, and for the first time broadcasted from Level 1, TM Cyberjaya Complex, Lingkaran Usahawan 1 Timur, Cyberjaya, Selangor.
3. The Board's main consideration in deciding to convene the AGM virtually was to ensure TM's shareholders have easier and efficient access to attend the AGM remotely from any location, and allow shareholders to actively engage and submit questions/comments during the meeting. The Board believed that the

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TELEKOM MALAYSIA BERHAD 38TH AGM HELD ON 25.05.2023

advancement of technology has enabled a marked shift in shareholders' engagement to the digital platform. Such mode of meeting was also adopted by many public listed companies (PLCs).

1. The meeting began with a short prayer.
2. Tan Sri Chairman then introduced the essential individuals, Directors and Key Management, who were present at the Broadcast Venue as follows:
3. 1. Dato' Imri Mokhtar, Managing Director/Group Chief Executive Officer
   2. 
      (MD/GCEO);
   3. Encik Hisham Zainal Mokhtar, Chairman of BAC;
   4. Tunku Afwida Tunku Dato' A.Malek, Senior Independent Director (SID) and Chairperson of NRC;
   5. Encik Razidan Ghazalli, Group Chief Financial Officer; and
   6. Puan Hamizah Abidin, Group Company Secretary.
4. Tan Sri Chairman proceeded to introduce the other 7 Directors who attended the proceeding virtually, as follows:
5. 1. 1. Dato' Anis Rizana Mohd Zainudin @ Mohd Zainuddin (nominee director representing the Minister of Finance (Incorporated) (MoF Inc.), TM's Special Shareholder ;
   2. Dato' Mohamed Nasri Sallehuddin, nominee director representing
   3. 
      Khazanah Nasional Berhad (Khazanah);
   4. Encik Muhammad Afhzal Abdul Rahman, nominee director representing Employees Provident Fund (EPF);
   5. Mr. Balasingham A. Namasiwayam, Chairman of the Board Risk Committee (BRC);
   6. Mr. Suhendran Sockanathan;
   7. Datuk Siti Zauyah Md Desa, Chairperson of Board Tender Committee (BTC); and
   8. Puan Rossana Annizah Ahmad Rashid (RAAR).
6. Tan Sri Chairman further confirmed that the board composition is in compliance with Paragraph 15.02 of the Main LR, where more than 1/3 of our Directors are Independent. Currently, 6 Independent Directors form a majority on TM Board of 11 members and TM has 4 women Directors or 36% women representation on the Board.
7. Shareholders were also introduced to the representatives of the External Auditors, Share Registrar/Poll Administrator and the Independent Scrutineer.

3.0 Quorum of Meeting

1. The Group Company Secretary thereafter informed that pursuant to Clause 85 of the Company's Constitution, the quorum necessary for the transaction of business at a general meeting is 2 members present in person or by Corporate Representative/proxy.
2. As at 18 May 2023, being the cut-off date for persons entitled to attend the AGM, the Company has 39,303 depositors and the total number of issued shares stood at 3,821,977,180 ordinary shares.
3. Based on the attendance report provided by the Share Registrar, the total number of members registered via the RPEV for the virtual AGM at the

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TELEKOM MALAYSIA BERHAD 38TH AGM HELD ON 25.05.2023

commencement of the meeting, at 10:00 a.m., was 343 representing 1,434,477,650 shares or 37.53% of the total issued shares of the Company.

1. Based on the aforesaid, Tan Sri Chairman confirmed the presence of quorum of the requisite quorum at the commencement of the Meeting and called the Meeting to order.

4.0 Notice of Meeting

1. Tan Sri Chairman informed that the Notice of the 38th AGM was issued to shareholders on 26 April 2023, in compliance with Section 316(2) of the CA 2016 and Clause 80(1) of the Company's Constitution.
2. As the Notice has been duly served, the Notice was taken as read.
3. AGM Notice and its accompanying Explanatory Notes are provided in pages 241 to 247 of the Corporate Overview Book of the Integrated Annual Report (IAR).

5.0 Chairman's Statement

1. The 2022 IAR is available on TM's website and issued to Bursa Securities together with the AGM Notice on 26 April 2023. The Chairman's Statement was incorporated in the 2022 IAR.
2. Tan Sri Chairman reiterated that TM continued to fulfil its dual objectives in terms of maximising shareholders' value as a PLC, while fostering the development of Malaysia's economy and nation-building initiatives as a Government-Linked Company (GLC).
3. Tan Sri Chairman recorded the Board's appreciation to all stakeholders for their unwavering support, and continued trust and confidence in TM. As TM progress with the nation building agenda, it will stay true to its promise of delivering sustainable returns for the oncoming years.
   He also extended the Board's gratitude to all Warga TM, total of 19,392 employees for which 10,019 are executives and 9,373 non-executives throughout the nation, for their dedication, hard work and resilience in facing unprecedented challenges. Warga TM's continuous support is appreciated in the journey to transform TM into a human-centred TechCo.

6.0 VOTING BY POLL

1. In line with Clause 89(1) of the Company's Constitution and pursuant to
   Paragraph 8.29A of the Main LR of Bursa Securities, the voting of each resolution set out in the AGM Notice would be conducted by way of poll.
2. Tan Sri Chairman declared that the e-polling has been opened and participants are able to cast their votes for any or all the resolutions at any time from the commencement of meeting until the end of the e-polling session which would be announced after the Questions and Answers (Q&A) session.
3. Tan Sri Chairman informed that as Chairman of the meeting, he also represented the shareholders who have appointed him as their proxy for this AGM and he would vote in accordance with the instructions given.

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TELEKOM MALAYSIA BERHAD 38TH AGM HELD ON 25.05.2023

1. Boardroom was appointed as Poll Administrator to conduct the voting via e- polling and SCS as Independent Scrutineer would verify and validate the poll results. Participants were then invited to view a short video on the remote polling process at 10.13 a.m. to 10.16 a.m.

7.0 CONDUCT OF GENERAL MEETINGS

1. Tan Sri Chairman further informed the meeting that the Board hoped to have a meaningful engagement with participants on the resolutions to be tabled as well as the Company's financial and non-financial performances and long-term strategies, focusing on creating shared value that benefit all stakeholders, whilst aligning with our sustainability journey.
2. Tan Sri Chairman further advised on the following Q&A guidelines to facilitate a smooth running of the online AGM proceeding:
3. 1. Questions received prior or during the AGM would be addressed after the tabling of all resolutions;
   2. Questions of similar nature would be collated and addressed together;
   3. Live questions which have been addressed via the replies to the Minority
      Shareholders' Watch Group (MSWG) and received before the AGM would not be addressed again to provide opportunities for the Company to address different questions; and
   4. Product or customer service related queries would not be addressed during the meeting proceedings, and should be sent separately to a dedicated email,[e-mail] notified to participants upon log in to the virtual AGM.

8.0 Presentation by MD/GCEO

1. Tan Sri Chairman thereafter invited Dato' Imri, the GCEO, to present the Company's performance and long-term strategies to be followed with the responses to the points raised by the MSWG via its letter dated 17 May 2023. Tan Sri Chairman also thanked MSWG for the questions posed to TM.
2. GCEO then presented on the following:
3. 1. 2022 Review; and
   2. 2023 - 2025 Moving Forward.
4. Salient points of GCEO's presentation were as follows:
5. 1. TM is powering a Digital Malaysia through technology for community, business and Government.
   2. TM is evolving towards a human-centred TechCo centres to provide technology solutions that make customers' lives and workplace better, and drive a more digital way of working internally.
   3. TM has a balanced role for all stakeholders. As both a PLC and GLC, TM is in a unique position of creating commercial value that contributes to the
      Government's nation building agenda, to create a better tomorrow for all
      Malaysians.
   4. TM is focused on building sustainable growth via its sustainable practice for all stakeholders.

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