Robi is 91.6% owned by Axiata Group Berhard (“Axiata” or “the Sponsor”) from Malaysia while the remaining 8.4% is owned by NTT DoCoMo Inc. of Japan (“NTT DoCoMo”).

Subject to completion of the transaction/project and relevant regulatory approvals the project involves a: 1)US$25 million equity investment from IFC; and 2) 7 year senior loan of US$66 million from its own accounts and US$33 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program. The project is intended to be used in capex and additional spectrum.

91.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	66.0
Equity	25.0

* These investment figures are indicative

Bangladesh

1. Increased access to broadband services. Given lack of appropriate fixed broadband infrastructure, mobile broadband has been the main source of access to internet in the country - 1.48 million subscribers (fixed) vs. 41.5 million (mobile) in 2014. With high countrywide coverage ratios, operators in Bangladesh have pushed access to internet over 2G connections via feature phones or low end smartphones. With increased availability of 3G services, subscribers will be able to experience enhanced services through high speed connections and lower latency.

2. Improved access to innovative services. With appropriate infrastructure deployed in the country, the Company will continue to diversify its revenue and strengthen its VAS offering. Today Robi is already the market leader when it comes to services in entertainment and social media.

3. Provision of critical infrastructure. As wage rates increase in the country, improvements in working productivity through investments in critical infrastructure become an even more critical issue in Bangladesh.

4. Employment and employee development. Current Project will create additional direct and indirect high skilled employment in Bangladesh.

5. Catalytic role. IFC will play a catalytic role in local private sector development by attracting foreign investors into Bangladesh.

6. Government Revenues. Telecom operators are one of the highest tax paying entities in the country - on average 55% of revenues are used to pay taxes and regulatory fees.

1. Provide long-term financing: other than ECA loans, significant long-term financing is not available in Bangladesh. Although Robi''s expected cash generation is strong, there will be financing needs to complete its Capex program. IFC''s involvement in providing long-term financing is critical in a challenging market.

2. Partnership to work with regulatory authorities. Regulatory risk is a key issue in the Bangladeshi telecom sector, as the regulatory environment is still evolving and presents uncertainty. IFC''s presence is seen by Robi and Axiata as an important bridge in their communication with the Bangladeshi authorities, especially during the forthcoming listing of the Company. Robi has seen this additional investment climate value - however small - in other IFC investments in Bangladesh.

3. E&S. Robi Axiata places a high priority on environmental and social issues. IFC will work with the Company to ensure compliance with IFC standards and help them learn global best practices.

4. Potential IPO. There is potential for the Company to list on the Bangladesh Stock Exchange as it has fulfilled the listing requirements under the BSEC Securities and Exchange Commission (Public Issue) Rules, 2006 for listing on the Dhaka and Chittagong Stock Exchange. If the Company chooses to list, IFC''s potential equity investment in Robi will increase Robi''s visibility, strengthen its corporate governance and address other issues prior to the IPO.

The Environmental Category of the Project is “B” because a limited number of specific environmental, health & safety and social impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Potential impacts in construction phase besides being mitigable are likely to be limited to project site; short term; and not expected to impact environmentally sensitive areas. Further, it is possible to readily design and implement engineering and management measures to mitigate adverse impacts during construction and operations. The Company will manage its environmental and social performance in accordance with applicable local laws and regulations and international standards, including IFC’s Performance Standards on Social and Environmental Sustainability

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.