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 third quarter ended 30 September 2015, it has provided financial assistance in the form of corporate guarantee in the amount totalling USD 40,000,000 in favour of its associate, AirAsia Inc. The financial assistance is in the ordinary course of business and to facilitate the running of the operations and financial affairs 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 26th day of November 2015