Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), AirAsia Berhad (“AAB” or the “Company”) is pleased to announce that due to operational requirements, it has today entered into a Wet Lease Agreement (“Agreement”) with PT Indonesia AirAsia Extra (Registration No.: 09.03.1.51.89121) (“IAAX”) for the lease of two (2) A330 widebody aircraft (“Aircraft”) below:

(a)        PK-XRA (MSN 716) commencing from 16 September 2016 till 15 March 2017 for a contract value of USD 9.8 million; and

(b)        PK-XRC (MSN 654) commencing from 1 October 2016 till 30 November 2016 for a contract value of USD 3.1 million,

which hereinafter shall be referred to as “Transaction”.

Please refer to the attachment for further details.

This announcement is dated 6 September 2016.