Pursuant to paragraph 8.23(1) (ii) and paragraph 3 of the Practice Note No. 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that during the fourth quarter ended 31 December 2014, it has provided financial assistance in the form of loans to its affiliate, AirAsia Inc., in the amount totalling USD22,340,000 to facilitate the ordinary course of business of AirAsia Inc.

The financial assistance provided does not have a material effect on the share capital, shareholding structure or net assets of the Company.

This announcement is dated 26 February 2015.