The Board of AirAsia wishes to announce that Asia Aviation Capital Ireland Limited, a wholly-owned subsidiary of the ultimate holding company, AirAsia, had on 29th January 2018 incorporated Clifden Aviation 5 Limited and on 16th February 2018 incorporated Clifden Aviation 6 Limited for the purposes of aircraft ownership (collectively “the Subsidiaries”).

The issued share capital of both the Subsidiaries is EUR100. The incorporation of the Subsidiaries is not expected to have any immediate effect on the issued and paid-up share capital or substantial shareholders’ shareholding in AirAsia.

The establishment of the Subsidiaries are also not subject to the approval of shareholders of the Company and any other regulatory authorities in Malaysia.

This announcement is dated 8th March 2018.