AirAsia Berhad (“AAB” or the “Company”) is pleased to announce that MadCience Consulting Sdn Bhd (Company No.: 1134849-V) (“MC”), a wholly-owned subsidiary of AAB, has on 21 June 2016 entered into a joint venture with Big Data for Humans Ltd (Company No.: SC468952) (“Bd4h”) via the following agreements:

• Loan Note Subscription Agreement (“LNSA”) with Bd4h for the subscription of 1,000,000 unsecured convertible loan note for a total subscription monies of GBP 1,000,000 (“Loan Notes”), of which up to GBP 500,000 shall be used to finance a joint venture operation between MC and Bd4h (the “Bd4h JV”); and

• Joint Venture Agreement (“JVA”) with Bd4h for the formation of Big Data for Humans APAC Ltd (Company No.: SC536535) (“Bd4h APAC”), a joint venture company to establish and build a software for service data analytics business in the Asia Pacific region.

(the “Transactions”)

Please refer to the attachment for further details.

This announcement is dated 29 July 2016.