Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 227 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING (6) TAK is deemed to have an interest in the Shares in which BGSM has an interest, by virtue of the following: a. PanOcean’s deemed interest in the Shares. See Note (5) above for PanOcean’s deemed interest in the Shares. Although TAK is deemed to have an interest in such Shares, he does not have any economic or beneficial interest over such Shares, as such interest is held subject to the terms of a discretionary trust referred to in Note (5) above; b. his controlling interest in Eridanes International N.V. ("EINV"), the immediate holding company of East Asia Telecommunications Ltd, Global Multimedia Technologies ("BVI") Ltd and Worldwide Communications Technologies Ltd which in turn collectively own Maxis Holdings Sdn. Bhd. ("MHSB"). EINV has a 53.50% equity interest in Shield Estate N.V. ("SENV") via MHSB; c. his controlling interest in MAI Holdings Sdn. Bhd. ("MAIH"), the immediate holding company of Pacific Fortune Sdn. Bhd. which in turn has a direct equity interest of 100% in each of Ria Utama Sdn. Bhd. ("RUSB") and Tetap Emas Sdn. Bhd. ("TESB"). MAIH has a 34.27% equity interest in SENV via RUSB and TESB; and d. his controlling interest in MAI Sdn Berhad ("MAI"), the immediate holding company of Terang Equity Sdn. Bhd., which in turn has a direct equity interest of 100% in Wangi Terang Sdn. Bhd. ("WTSB"). MAI has a 12.23% equity interest in SENV via WTSB, and SENV has an 8% equity interest in BGSM which in turn wholly-owns MCB. MCB owns 64.99% direct equity interest in the Company. (7) Harapan Nusantara is deemed to have an interest in all of the Shares in which Mujur Anggun Sdn. Bhd., Cabaran Mujur Sdn. Bhd., Anak Samudra Sdn. Bhd., Dumai Maju Sdn. Bhd., Nusantara Makmur Sdn. Bhd., Usaha Kenanga Sdn. Bhd. and Tegas Sari Sdn. Bhd. (collectively, “Harapan Nusantara Subsidiaries”) have an interest, by virtue of Harapan Nusantara being entitled to control the exercise of 100% of the votes attached to the voting shares in each of the Harapan Nusantara Subsidiaries. The Harapan Nusantara Subsidiaries hold in aggregate 30% direct equity interest in BGSM and therefore, via such aggregate interest, Harapan Nusantara has a deemed interest over all the Shares held by MCB. See Note (1) above for BGSM’s deemed interest in the Shares. The Shares held via the Harapan Nusantara Subsidiaries are held under discretionary trusts for Bumiputera objects. As such, Harapan Nusantara does not have any economic interest in the Shares via the Harapan Nusantara Subsidiaries, as such interest is held subject to the terms of such discretionary trusts. (8) Deemed to have an interest in the Shares in which Harapan Nusantara has an interest, by virtue of his 25% direct equity interest in Harapan Nusantara. However, he does not have any economic interest in the Shares held via the Harapan Nusantara Subsidiaries as such interest is held subject to the terms of the discretionary trusts for Bumiputera objects. See Note (7) above for Harapan Nusantara’s deemed interest in the Shares. (9) STCM is deemed to have an interest in the Shares by virtue of its direct 25% equity interest in BGSM. See Note (1) above for BGSM’s deemed interest in the Shares. (10) STCAT is deemed to have an interest in all of the Shares in which STCM has an interest, by virtue of its direct 100% equity interest in STCM. See Note (9) above for STCM’s deemed interest in the Shares. (11) Saudi Telecom is deemed to have an interest in all of the Shares in which STCAT has an interest, by virtue of its direct 100% equity interest in STCAT. See Note (10) above for STCAT’s deemed interest in the Shares. (12) PIF is deemed to have an interest in all of the Shares in which Saudi Telecom has an interest, by virtue of its direct 70% equity interest in Saudi Telecom. See Note (11) above for Saudi Telecom’s deemed interest in the Shares. (13) The EPF is deemed to have an interest in 39,692,500 Shares held through nominees.