Phnom Penh, Cambodia – April 5, 2023 — Cambodia’s only locally-owned telecommunications operator CAMGSM Plc. (Cellcard), announced that it has commenced an Initial public offering (IPO) of Class A common stock. The exact size of the IPO is subject to actual demand. The shares offered by CAMGSM will be available to public investors during Subscription period.

SBI Royal Securities Plc. (SBIR) is acting as Underwriter, Book Runner and Lead Manager for the proposed offering of CAMGSM Plc. (Cellcard).

CAMGSM initial public offering price will be KHR 2,270/Share or equivalent to USD 0.57/Share. The price was determined and agreed between CAMGSM and SBIR based on the actual market situation, after taking into consideration factors such as CAMGSM’s strong financial and operating history and the future projected growth of the Company.

The shareholders of Class A (Voting) shall be guaranteed an annual dividend yield of 7% for the period of 5 (five) years, payable quarterly (both cash/non-cash dividend), effective after a 3-month period from listing date.

The subscription period will commence from 2nd May 2023 to 31st May 2023 unless such period is shortened or extended by an agreement between CAMGSM and the Underwriter subject to the approval of SERC.

The details of the offering will be available in the prospectus. Copies of the preliminary prospectus relating to this offering, may be obtained from SBI Head Office and also from Cellcard’s website (www.cellcard.com.kh).

For those interested in this IPO, it is recommended to pre-register your interest via the Cellcard Shares Pre-Booking Form available online through Cellcard’s website (www.cellcard.com.kh)

Cellcard, part of Royal Group, also announced roadshows to commence in May in Phnom Penh, Battambang, Siem Reap and Sihanoukville. Schedules of roadshows will be announced on Cellcard’s Facebook and Linkedin pages in the following days.