Pursuant to Paragraph 9.19 (23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of AirAsia wishes to announce that AirAsia Berhad has on 18 September 2018 incorporated a new wholly-owned subsidiary, AirAsia Technology Centre India Private Limited (“ATCIPL”) in India. The purpose of incorporating ATCIPL is to provide consultancy and services in the areas of information technology design, development and implementation.

The authorised share capital of ATCIPL is INR1,00,00,000/- (Indian Rupees One Crore Only) divided into 10,00,000 (Ten Lakh Only) Equity Shares of INR 10/- (Indian Rupees Ten Only) each. The incorporation of ATCIPL is not expected to have any material effect on the earnings per share, net assets per share, issued and paid-up share capital or substantial shareholders’ shareholding in the Company.

The establishment of ATCIPL is also not subject to the approval of shareholders of the Company and any other regulatory authorities in Malaysia.

None of the Directors, major shareholders of the Company and/or persons connected with them has any interest, direct or indirect, in the above incorporation of subsidiary.

This announcement is dated 19 September 2018.