The Board of Directors of AirAsia wishes to announce that the Board had on 27 April 2011 resolved to recommend a First and Final Dividend of 30% or 3 sen per ordinary share of RM0.10 in respect of the financial year ended 31 December 2010 comprising as follows:-

(i)      Gross Dividend of 9.1% per ordinary share of RM0.10 less Malaysian Income Tax at 25%;

(ii)     Tax Exempt Dividend of 0.2% per ordinary share of RM0.10; and

(iii)    Single Tier Dividend of 20.7% per ordinary share of RM0.10,

payable on 19 July 2011 to the holders of ordinary shares registered in the Record of Depositors at the close of business on 20 June 2011, for approval by shareholders at the forthcoming annual general meeting of AirAsia.

The notice of dividend entitlement and payment shall be announced and advertised at a later date.

This announcement is dated 27th day of April 2011.