Referring to the yesterday's wire and media reports stating that the Company will be taken private, the Company would like to state that it has no knowledge of privatisation.

We were first made aware of the privatisation rumour since it surfaced in August this year with the Company shares being actively traded. This was just prior to the Company announcing its proposal for a share buy-back of up to ten percent (10%) on 18 September 2015. The Company confirm that it is in discussion with certain bankers to partially finance the buy-back of these AirAsia shares. The Circular to the Shareholders is currently being drafted in preparation for the upcoming Extraordinary General Meeting tentatively to be held in November this year where shareholders’ approval will be sought for the proposed share buy-back.

This announcement is dated 7 October 2015.