Exchange of all ordinary shares in Airasia Berhad (“AAB”) (“AAB Shares”) with new ordinary shares in Airasia Group Berhad (“AAGB”) (“AAGB Shares”), via a Scheme of Arrangement under Section 366 of the Companies Act, 2016 on the basis of 1 new AAGB Share for every 1 existing AAB Share held (“Share Exchange”) and suspension of trading of AAB shares to facilitate the Share Exchange

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Kindly be advised that trading in AIRASIA's securities will be suspended with effect from 9.00 a.m., Monday, 2 April 2018 in order to facilitate the implementation of the aforesaid Share Exchange.

Your attention is drawn to the AIRASIA's Notice to Shareholders dated 23 March 2018.