We refer to the query raised by Bursa Malaysia Securities Berhad (“Bursa Securities”) on 28 March 2016 pertaining to an article appearing in The Edge Malaysia two days before entitled “Tune may privatise AirAsia with China Everbright”.

On behalf of the Company, the Board of Directors wishes to inform that after making due enquiries with all the Company’s directors, they are not aware of the reason for the article. The Founders and Tune Air also indicated that they are not considering a privatisation at this stage.

This announcement is dated 30 March 2016.