Pursuant to the announcements dated 28 October 2011 and 10 November 2011,  AirAsia Berhad (“AirAsia” or “the Company”) wishes to announce that the Company had on 15 November 2011 entered into the third of a series of finance lease transactions (“Transaction”) with PT Indonesia AirAsia (“IAA”) where the Company transfers to IAA the title of one (1) aircraft bearing manufacturers serial number 3182 (“Aircraft”) owned by the Company.   Simultaneous to the transfer, the Company and IAA have entered into a leasing transaction in respect of the Aircraft under commercial terms.

This announcement is dated 16 November 2011.