Pursuant to Paragraph 8.23(1)(iii) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it had provided financial assistance in the form of advances to its associate and subsidiary companies during the third quarter ended 30 September 2021 as follows: -

1. On 21 July 2021 and 19 August 2021, a loan of RM7.0 million was provided to Ground Team Red Sdn. Bhd. (“GTR”) by the Company, through its wholly-owned subsidiary, AirAsia Berhad (“AAB”);

2. On 29 July 2021, an advance of PHP2.0 million (equivalent to RM164,616 based on the exchange rate of 8.2308/PHP100 as at 30 September 2021) was provided to Philippines Airasia Inc. (“PAA”) by the Company, through its wholly-owned subsidiary, AAB;

3. On 29 July 2021, 24 August 2021, 24 September 2021 and 27 September 2021, a total of USD3,108,495 advances (equivalent to RM13.0 million based on the exchange rate of 4.1870 as at 30 September 2021) was provided to PAA by the Company, through its wholly-owned subsidiary, AAB;

4. On 29 July 2021, 2 August 2021, 9 August 2021, 13 August 2021, 16 August 2021, 25 August 2021, 30 August 2021 and 27 September 2021, a total of USD5,041,926 advances (equivalent to RM21.1 million based on the exchange rate of 4.1870 as at 30 September 2021) was provided to PT Indonesia AirAsia (“IAA”) by the Company, through its wholly-owned subsidiary, AAB;

5. On 9 July 2021, 9 August 2021, 26 August 2021 and 27 September 2021, a total of USD1,757,000 advances (equivalent to RM7.4 million based on the exchange rate of 4.1870 as at 30 September 2021) was provided to PAA by the Company, through its wholly-owned subsidiary, AirAsia Aviation Limited (Labuan) (formerly known as AirAsia Investment Ltd. (Labuan));

6. On 13 July 2021, an advance of USD1.0 million (equivalent to RM4.2 million based on the exchange rate of 4.1870 as at 30 September 2021) was provided to Big Pay Pte. Ltd. (“Big Pay”) by the Company, through its wholly-owned subsidiary, AirAsia Digital Sdn. Bhd.;

7. On 31 August 2021, an advance of THB795,812.50 (equivalent to RM98,146 based on the exchange rate of 12.3328/THB100 as at 30 September 2021) was provided to Teleport Commerce Thailand Co. Ltd (“TLPCMTH”) by the Company, through its subsidiary, Teleport Everywhere Pte Ltd;

8. On 14 September 2021, an advance of THB20,000.00 (equivalent to RM2,467 based on the exchange rate of 12.3328/THB100 as at 30 September 2021) was provided to TLPCMTH by the Company, through its wholly-owned subsidiary, Teleport Everywhere Pte Ltd (Bangkok Branch);

(Collectively, referred to as “the Financial Assistance”).

The Financial Assistance provided was in the ordinary course of business and to facilitate the running of the operations and financial affairs of GTR, PAA, IAA, Big Pay and TLPCMTH.

The Financial Assistance provided does not have any material effect on the earnings per share, net assets per share and gearing of the Company and its subsidiaries.

This announcement is dated 22 November 2021.

Note: The exchange rates used is based on the exchange rates of Bank Negara Malaysia on 30 September 2021 - USD1: RM4.187, PHP100: RM8.2308, THB100: RM12.3328